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Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS

The Minister for the Cabinet Office acting through Crown Commercial Service

This public procurement record has 2 releases in its history.

Tender

08 Dec 2023 at 09:31

Tender Notice
Planning

08 Jun 2023 at 11:34

Planning Notice
Summary of the contracting process

The Crown Commercial Service (CCS) is offering an Open Banking Dynamic Purchasing System (DPS) for financial and insurance services. The procurement process is in the planning stage with the tender titled "Open Banking Dynamic Purchasing System (Data, Digital Payments and Confirmation of Payee Services)" under the RM6301 ID. This DPS aims to provide opportunities for suppliers to offer services such as digital payment, account information, and confirmation of payee services to Central Government and the Wider Public Sector. The agreement is expected to run for 8 years, with supplier onboarding starting in late July, and the DPS set to go live in the Autumn.

This tender presents an opportunity for businesses to engage in the provision of Open Banking services to government entities. Businesses in the financial and insurance services industry seeking to offer digital payment, account information, and confirmation of payee services are well-suited to compete. Suppliers must be Cyber Essentials certified, have necessary FCA authorisations, and adhere to the Government Security Classifications Scheme. The selection process involves an eSourcing system and electronic auction, with supplier onboarding commencing soon after a planned supplier webinar. Communication for the future notice date is set for 31st August 2023.

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Notice Information

Notice Title

Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS

Notice Description

Due to the ongoing growth and development of the Open Banking market, Crown Commercial Service (CCS), as the Authority, intends to put in place an agreement for Open Banking Services for use by Central Government and the Wider Public Sector. The Agreement will be a Dynamic Purchasing System (DPS). This will be called RM6301: Open Banking DPS (Data, Digital Payments and Confirmation of Payee Services). This agreement will provide a vehicle for Central Government and the Public Sector to source Open Banking Services, including but not limited to: Digital Payment Services Account Information Services Confirmation of Payee (CoP) Services This will be the first agreement for Open Banking Services CCS has developed. We intend to launch for supplier onboarding from late July with the DPS anticipated to go live for use in the Autumn. The agreement is expected to run for 8 years and suppliers will have the opportunity to onboard throughout this duration.

Lot Information

Lot 1

CCS is launching a DPS as a vehicle to facilitate central government and public sector access to Open Banking and related services.

Renewal: Buyers may enter into a contract with a Supplier for a period of their determining, up to a maximum of 48 months, which may exceed the RM6301 Open Banking DPS should this agreement be terminated at any time. The flexibility of the contracting period allows Buyers to determine appropriate contracting timelines required to enable the Supplier to meet Buyers needs.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03d4ae
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036166-2023
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

CPV Codes

66000000 - Financial and insurance services

66110000 - Banking services

72300000 - Data services

Notice Value(s)

Tender Value
£800,000,000 £100M-£1B
Lots Value
£800,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Dec 20232 years ago
Submission Deadline
7 Jan 20326 years to go
Future Notice Date
31 Aug 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The Minister for the Cabinet Office acting through Crown Commercial Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Postcode Area
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Further Information

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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