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ACBS Commercial Loan Servicing

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

17 Jan 2025 at 14:16

Summary of the contracting process

The UK Export Finance, a ministry-level authority based in London, has completed a procurement process titled "ACBS Commercial Loan Servicing" under the CPV category of IT services, including consulting, software development, Internet, and support. This procurement is related to services for banking software required to manage UKEF loans and other financial facilities. The procurement followed a limited method, specifically awarded without prior publication of a call for competition due to technical reasons and the necessity for seamless software transition. The key contract, valued at £3,512,385, was awarded on 20th December 2024, to FIS Capital Markets US LLC, the incumbent supplier of the UKEF Loan Servicing application.

This tender was an opportunity tailored for large businesses with capabilities in banking software and IT services, especially those with existing solutions or expertise in managing financial facilities software. Given its highly customised nature and the requirement for technical specificity, companies with niche expertise and a history of working with finance software systems were well-positioned to compete. Winning such contracts can significantly drive business growth by solidifying relationships with government bodies and expanding portfolios with sophisticated financial software solutions.

How relevant is this notice?

Notice Information

Notice Title

ACBS Commercial Loan Servicing

Notice Description

Banking software required to manage UKEF loans and other financial facilities.

Lot Information

Lot 1

Banking software required to manage UKEF loans and other financial facilities.

Procurement Information

FIS are the incumbent supplier of the UKEF Loan Servicing application - this is a highly customised version of FIS' Advanced Computer Banking System (ACBS). UKEF is building a replacement for this Software in-house. The software is integral to the UKEF operation and it is essential that there is a safe transition from ACBS into the replacement product. This direct award enables this transition.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04d445
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001720-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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


CPV Codes

48000000 - Software package and information systems

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£3,512,385 £1M-£10M

Notice Dates

Publication Date
17 Jan 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Dec 202410 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK EXPORT FINANCE
Contact Name
Carl Jarvis
Contact Email
commercial@ukexportfinance.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
Post Town
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
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FIS CAPITAL MARKETS US

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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