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Synthetic Data Capability

Financial Conduct Authority

This public procurement record has 1 release in its history.

Planning

21 Sep 2026 at 08:27

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Financial Conduct Authority intends to procure a synthetic data capability service. The work is intended to create an internal capability covering discovery, validation, synthetic data generation, privacy evaluation, governance design, pilot delivery and knowledge transfer. This is a data-processing services requirement, with delivery in the United Kingdom. The supplier’s role would span the development and practical introduction of synthetic data methods, alongside the privacy, governance and organisational arrangements needed to use them responsibly. The requirement is therefore relevant to organisations combining synthetic data expertise with privacy assessment, data governance, delivery of pilots and the ability to transfer knowledge to an internal FCA team. It may suit a specialist consultancy, technology provider or consortium able to cover the full capability-building scope.

This procurement is at the planning stage: the FCA has announced an intention to buy and has not invited tenders. The expected procedure is a tender for services, with a single lot currently planned. The estimated total value is £500,000 gross. The planned contract period is 1 March 2027 to 28 February 2030. The buyer expects the next notice to be published by 2 November 2026. Preliminary market engagement is scheduled to run until 12 October 2026, covering the proposed scope and helping shape the future tender. The requirement is above the relevant threshold. Businesses should treat the dates as the buyer’s indicative expectations rather than tender deadlines; the procurement is not yet at the bidding stage.

The work is likely to suit suppliers with established capability in synthetic data discovery, validation and generation, supported by rigorous privacy evaluation. Experience designing data governance arrangements will be important, as will the ability to plan and deliver a practical pilot rather than provide only advisory work. The requirement also favours organisations that can develop an internal capability within a public-sector regulator and transfer knowledge effectively to its staff. Suppliers should be prepared to combine technical data-processing expertise with privacy, governance and implementation skills across the full service scope. Organisations that can provide this breadth directly, or assemble it through suitable delivery partners, are likely to be well placed when the requirement reaches the market.

How relevant is this notice?

Notice Information

Notice Title

Synthetic Data Capability

Notice Description

The scope of the synthetic data capability tender includes discovery, validation, synthetic data generation, privacy evaluation, governance design, pilot delivery and knowledge transfer to create an internal capability. To register interest you must first register on Atamis at: https://atamis-fca.my.site.com/s/Welcome

Planning Information

The scope of the synthetic data capability tender includes discovery, validation, synthetic data generation, privacy evaluation, governance design, pilot delivery and knowledge transfer to create an internal capability. To register interest you must first register on Atamis at: https://atamis-fca.my.site.com/s/Welcome

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0775f9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/088942-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement 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

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

CPV Codes

72310000 - Data-processing services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Sep 2026Yesterday
Submission Deadline
Not specified
Future Notice Date
2 Nov 20262 months to go
Award Date
Not specified
Contract Period
1 Mar 2027 - 28 Feb 2030 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

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
TLI4 Inner London - East
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Further Information

Notice Documents

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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