Planning

The Provision of Credit Referencing Services

DEVELOPMENT BANK OF WALES

This public procurement record has 1 release in its history.

Summary of the contracting process

The Development Bank of Wales is initiating a procurement process titled "The Provision of Credit Referencing Services" in the financial and insurance services industry category. Located in Wrexham, this procurement is currently at the planning stage, as detailed in the release dated 13th August 2024. The process aims to engage the market to explore solutions for conducting credit bureau searches and implementing a business and consumer credit decision platform. The bank is examining whether to continue with two separate platforms or integrate both services into one platform. Interested parties are encouraged to review the Request for Information document for further details.

This tender presents a valuable opportunity for businesses specialising in financial and insurance services, particularly those offering credit referencing and credit decision platforms. Companies that provide configurable off-the-shelf solutions could benefit greatly by participating in this procurement process. Small and medium-sized enterprises (SMEs) with innovative financial technology products are particularly well-suited to compete, as the Development Bank of Wales seeks adaptable and efficient solutions to enhance their customer due diligence processes.

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Notice Title

The Provision of Credit Referencing Services

Notice Description

The DBW Group must undertake credit bureau searches on customers as part of its customer due diligence. There is currently one contract covering credit bureau searches and a business and consumer credit decision platform configured to credit risk rules designed by DBW.DBW is looking for a configurable off the shelf solution that covers both services set out above. Prior to running an open tender process, DBW wishes to engage the market to determine the services available and to consider whether there should be two separate platforms as currently provided or the possibility of both the credit bureau searches and the credit decisions being available under one platform.Further information can be obtained from the attached Request for Information document.NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=143766.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-143766
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=143766
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
S2W Notice - Website Prior Information 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

Notice Value(s)

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

Notice Dates

Publication Date
13 Aug 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Sarah Patnett
Contact Email
Not specified
Contact Phone
Not specified

Buyer Location

Locality
WREXHAM
Postcode
LL1 37Y
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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