Award

International Payments ID&V Review

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

31 Jul 2023 at 15:33

Summary of the contracting process

The FINANCIAL SERVICES COMPENSATION SCHEME LIMITED awarded a contract for the "International Payments ID&V Review" project, with a total value of £70,000. The procurement method was direct, using a Single tender action (below threshold) approach. The award was made to Marsh Limited on July 17, 2023. The contract period is from July 24, 2023, to August 18, 2023, located in London, EC3A 7QU. This procurement falls under the services category.

This tender presents opportunities for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations to participate. Businesses providing financial consultancy services specifically related to identity verification processes may find this tender well-suited for their expertise. The review aims to enhance risk management, technical, and information security perspectives, enabling access to cross-border payments and facilitating customer selection of alternate payees, potentially benefiting businesses in the financial services sector.

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Notice Title

International Payments ID&V Review

Notice Description

To review the current identity verification processes (i.e. processes confirming a customer is who they say they are) that are in place / being put in place by FSCS to ensure that they are fit for purpose from a risk management, technical and information security perspective, with a tangential benefit of robust ID&V providing access to enable cross border payment payments and customers to select alternate payees.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca409948-b5fb-4021-a919-85f847cba05a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/09564309-2524-4ab8-a784-dd890a71b995
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£70,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jul 20232 years ago
Submission Deadline
16 Jul 2023Expired
Future Notice Date
Not specified
Award Date
16 Jul 20232 years ago
Contract Period
23 Jul 2023 - 18 Aug 2023 30 days
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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