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DWP Open Banking

Department for Work and Pensions

This public procurement record has 1 release in its history.

Planning

20 Feb 2025 at 13:38

Planning Notice
Summary of the contracting process

The Department for Work and Pensions (DWP) is planning a procurement process titled "DWP Open Banking" under the industry category of Financial and Insurance Services (CPV: 66000000). The procurement is currently in the planning stage, with the Invitation to Tender (ITT) expected to be published between March 2025 and April 2025, and the contract award aimed for June to July 2025. The procurement covers the provision of Open Banking services to support the Universal Credit (UC) system. The location for the delivery of these services is the United Kingdom, with the procurement managed through the Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS (RM6301). Interested parties must register on the Dynamic Purchasing System (DPS) to access and respond to the ITT.

This tender presents significant opportunities for businesses specialising in financial technology, particularly those offering fraud services, identity services, income verification services, risk identification services, and transaction/fund tracing and monitoring services. Companies with capabilities in API integration, platform access, and data exports would be well-suited to compete. By partnering with DWP, businesses can contribute to enhancing the efficiency of the UC system, help streamline processes for citizens, and potentially access future Open Banking opportunities as they arise. The strategic nature of this engagement also allows suppliers to explore and exploit new functionalities in the growing Open Banking sector.

How relevant is this notice?

Notice Information

Notice Title

DWP Open Banking

Notice Description

The purpose of this Prior Information Notice (PIN) is to alert potential suppliers to a future opportunity with specific requirements related to Open Banking services for use by DWP customers. Universal Credit (UC) is a benefit from the Department for Work and Pensions (DWP). It helps citizens with their daily living costs - those that are out of work or in work and have low earnings. Citizens need to register online and provide various details about their circumstances including information on their earnings, housing, money, savings and investments. These are required to confirm eligibility to receive UC and calculate the amount to be paid. In October 2024, UC started a trial for Open Banking providing citizens with a secure and simple online process to share bank balance and transaction data. This removes the need to provide paper statements in Job Centers or upload them to the UC service. DWP is now looking for a strategic supplier for Open Banking who will partner with UC to provide: The ability for citizens to share bank balance and transaction details for all their bank accounts; The ability to verify bank accounts for a citizen. The use cases noted above are not exhaustive and DWP may wish to access additional Open Banking products based on future market developments. The chosen supplier should therefore be open to future provision of these services, as DWP identifies further Open Banking opportunities. The chosen supplier must be able to partner with DWP to explore and exploit the growth of Open Banking functionality as the need, and use cases, arise. DWP reserves the right to suspend, withdraw or amend any intention to proceed with any procurement competition in relation to the Services identified in this section II and reserves the right not to award any contract. Any costs incurred by bidders in engaging with DWP for this opportunity and preparing and submitting bids, will be borne by the bidder.

Lot Information

Lot 1

It is envisaged that the Invitation to Tender will be published between March 2025 and April 2025 with an aim to award a contract in between June and July 2025. DWP will be running this procurement through the Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS (RM6301) and interested parties must be registered as a supplier on the DPS in order to formally access and respond to the ITT.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04e4fa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006212-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
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

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
24 Mar 2025Expired
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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department for Work and Pensions
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M2 3AA
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

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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