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 1 release in its history.

Planning

27 Jun 2023 at 17:29

Summary of the contracting process

The Crown Commercial Service, acting on behalf of the UK government, is planning a procurement for Open Banking (Data, Digital Payments & Confirmation of Payee Services) Dynamic Purchasing System (DPS). The DPS, with an estimated value of £800 million over 8 years, is aimed at providing Open Banking Services for use by Central Government and the wider public sector. The tender is currently in the planning stage, with a future notice date set for 31st August 2023. Businesses seeking opportunities in financial and insurance services, particularly in digital payments, account information services, and confirmation of payee services, can benefit from this tender.

This procurement process presents an opportunity for businesses with FCA authorisations for Open Banking services and Cyber Essentials certification. Bidders participating in this tender will need to comply with the Government Security Classifications Scheme for handling sensitive material. The procurement involves an eSourcing system and may include an electronic auction. Business entities looking to provide services in banking, data services, and digital payments catering to the UK market should consider engaging with the Crown Commercial Service through this forthcoming DPS agreement.

How relevant is this notice?

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 (Data, Digital Payments & Confirmation of Payee Services) DPS. 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. Additional information: We currently do not intend to provide core merchant acquiring services through this DPS. However, this may be subject to change in the future. At present, core merchant acquiring services will be made available through our upcoming Payment Acceptance 2 agreement.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03dcf2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018311-2023
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jun 20233 years ago
Submission Deadline
Not specified
Future Notice Date
31 Aug 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

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

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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