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Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation

Foreign & Commonwealth Office

This public procurement record has 2 releases in its history.

Award

20 Oct 2017 at 01:47

Award Notice
Tender

28 Jul 2017 at 03:31

Tender Notice
Summary of the contracting process

The Foreign & Commonwealth Office has completed a public procurement process titled "Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation" aimed at enhancing financial innovation regulation. The tender falls under the category of research and development consultancy services, with a contract period from September 11, 2017, to March 31, 2018. The procurement was carried out through an open procedure, with the tender period concluding on August 25, 2017. Relevant deliveries are set for locations including the UK and other specified territories.

This tender presents significant opportunities for businesses focused on financial technology and regulatory consulting. Companies that specialise in researching and developing financial frameworks, particularly those with experience in cross-border regulatory cooperation, would be well-placed to compete for similar projects. With the growing importance of regulatory sandboxes in fostering innovation, firms capable of demonstrating expertise in both UK and Chinese markets could particularly benefit from this initiative.

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Notice Information

Notice Title

Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation

Notice Description

The project under this theme aims to introduce and promote the UK's regulatory approach to Chinese authorities, and support national and local initiatives to establish pilot 'UK-China FinTech Sandbox' or similar mechanisms to better regulate domestic FinTechs, and also allow for regulated and safer market entry by foreign firms.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b82cb3cc-e20c-4719-8a01-43ed91c6fd05
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73200000 - Research and development consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£80,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Oct 20178 years ago
Submission Deadline
25 Aug 2017Expired
Future Notice Date
Not specified
Award Date
26 Sep 20178 years ago
Contract Period
17 Oct 2017 - 20 Oct 2017 30 days
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Foreign & Commonwealth Office
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
SW1A 2AH
Postcode Area
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Academy of Internet Finance, Zhejiang University

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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