Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Text to video AI tool

Financial Conduct Authority

This public procurement record has 1 release in its history.

Award

20 Jul 2026 at 08:57

UK7 - Contract Details Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) procured licences for a text-to-video artificial intelligence tool. The requirement is a technology service rather than physical works or goods: the supplier provides access to software that converts written text into video. The related commercial scope covers IT software and associated IT services, including software development, consulting, internet and support services. Delivery is across the United Kingdom, for the FCA’s operations. The FCA is a central government public authority based at 12 Endeavour Square, London. The procurement concerns one requirement, with the tool and its supporting services treated as a single package. It is relevant to suppliers of text-to-video AI platforms, enterprise software licensing and related implementation or support services.

The procurement has been completed and awarded through a direct procedure below the applicable threshold, without competition. One supplier was selected: Synthesia Limited. The contract was signed on 23 June 2026 and is active, running from 13 July 2026 to 2 November 2026. Its value is £30,753.42 excluding VAT, or £36,904.10 including VAT. The award covers the single text-to-video AI tool requirement and its related software and IT services. The tender and its single lot are recorded as complete. This is an outcome notice for a concluded procurement rather than an invitation to submit bids; Synthesia Limited is the contracted supplier for the requirement.

This award demonstrates a defined FCA requirement for licensed text-to-video AI capability, supported by software and related IT services. Suppliers competing for similar work with the FCA would need a credible text-to-video platform, a licensing model suitable for a public authority and the ability to provide dependable technical support. Relevant strengths would include converting written material into usable video outputs, maintaining a business software service and supporting users across United Kingdom operations. Firms offering complementary implementation, consulting, software development or internet and support services may also be relevant where they can underpin an AI video platform. The selected supplier was a large organisation, indicating that established delivery capacity may be competitive for this buyer’s requirement.

How relevant is this notice?

Notice Information

Notice Title

Text to video AI tool

Notice Description

The purpose of this contract is for the supplier to provide text to video AI tool licences.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ce65
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/068044-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without 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

48517000 - IT software package

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
£30,753 Under £100K

Notice Dates

Publication Date
20 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
13 Jul 2026 - 2 Nov 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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
Postcode Area
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
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Synthesia Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...