---
title: "Open Banking & Open Finance"
ocid: "ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FCA"
published: "2025-02-19"
---

# Open Banking & Open Finance

Buyer: FCA  
Current stage: Award  
OCID: ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339.json)

## Summary

The Financial Conduct Authority (FCA) has completed the procurement process for the contract titled "Open Banking & Open Finance," classified under financial consultancy services (CPV 66171000). This selective procurement was a call-off from a framework agreement, awarded to KPMG LLP for a total amount of £662,716.80. The contract spans from 20th January 2025 to 31st March 2025, with key deliverables including strategy development, operational improvements, and legal entity analysis to support the FCA’s expansion into Open Finance. The procurement stage has concluded with the award issued on 15th January 2025, and the official notice published on 19th February 2025. The delivery address for these services is in London, UK, with the postal code E20 1JN.

This tender represents significant business opportunities, especially for companies specialising in financial consultancy services. Although the awarded contract is aimed at larger firms, given that the procurement was not specifically suitable for SMEs or social enterprises, it highlights the potential for substantial contracts within the financial services sector. By aiding in the development and implementation of strategic and operational frameworks, consultancy firms with expertise in financial regulation, strategic management, and legal analysis are well-suited to bid for similar opportunities in the future, facilitating business growth and expansion in a highly specialised market.

## Notice

This contract is awarded to KPMG LLP for consultancy support to aid in the development of strategy setting, assist in the delivery of operational improvements, and to provide legal entity analysis and development as we expand our Open Banking remit and prepare for Open Finance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/08ca69b6-a0c7-4b14-9892-7b8c8c51bf3b |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Feb 2025 |
| Submission deadline | 24 Dec 2024 |
| Future notice date | Not specified |
| Award date | 15 Jan 2025 |
| Contract period | 20 Jan 2025 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £662,716 |
| Lots value | Not specified |
| Awards value | £662,716 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FCA |
| Locality | LONDON |
| Post town | East London |
| Postcode | E20 1JN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Stratford Olympic Park |
| Westminster constituency | Stratford and Bow |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KPMG LLP - FCA |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 19 Feb 2025 at 09:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/08ca69b6-a0c7-4b14-9892-7b8c8c51bf3b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/08ca69b6-a0c7-4b14-9892-7b8c8c51bf3b
  19th February 2025 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-11ccabd0-7467-463d-b309-643e2794a339.json.