Tender

Specialist Economist Advice for Open Banking and Open Finance

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Tender

12 Dec 2024 at 17:18

Summary of the contracting process

The Financial Conduct Authority (FCA) in London is seeking specialist economic consultancy services under the tender titled "Specialist Economist Advice for Open Banking and Open Finance" within the Economic Research Services category. This procurement is currently in the tender stage, with all electronic submissions due by 13th January 2025. The contract is valued at £250,000 and spans from 20th February 2025 to 20th June 2025. The focus is on providing two distinct workstreams: one targeting improvements and future analysis in Open Banking, and the other on discovering the future of Open Finance through comprehensive economic and tech-focused research.

This tender offers substantial opportunities for firms with expertise in economic research, particularly those experienced in financial services and fintech sectors. Businesses with capabilities in developing strategies, operational improvements, and assessing economic impacts will find this project aligns well with their growth objectives. The procurement process is open and electronic, providing a transparent and efficient way for qualified businesses to compete for this significant contract. The winning business will have the chance to influence key strategies within the FCA and contribute to the evolving landscape of Open Banking and Open Finance.

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Notice Title

Specialist Economist Advice for Open Banking and Open Finance

Notice Description

We require consultancy support to deliver two work packages or workstreams focused on Open Banking and Open Finance.

Lot Information

Lot 1

We require consultancy support to deliver two work packages or workstreams focused on Open Banking and Open Finance.

The first workstream will focus on Open Banking to help improve our evidence base to drive our refined strategy, operational improvements and provide future entity analysis.

The second workstream will be to support discovery work for the future of Open Finance, building on previous FCA work, including consumer research, economic and tech-focused research. This will help us in identifying key working blocks, further areas of research needed, a possible roadmap and future delivery plans.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c7b4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040166-2024
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79311400 - Economic research services

79311410 - Economic impact assessment

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
£250,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Dec 20241 years ago
Submission Deadline
13 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
20 Feb 2025 - 20 Jun 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
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
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Open Contracting Data Standard (OCDS)

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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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