---
title: "Bank Wizard Subscription"
ocid: "ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
published: "2023-04-05"
---

# Bank Wizard Subscription

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a.json)

## Summary

The FINANCIAL SERVICES COMPENSATION SCHEME LIMITED has completed a procurement process for the "Bank Wizard Subscription" in the industry category of Software package and information systems. The contract, valued at £35,750 GBP, was awarded to EXPERIAN LIMITED through a direct procurement method with a single tender action. The procurement stage started on February 1, 2023, and will end on January 31, 2024, providing opportunities for businesses to supply services related to banking account validation in the United Kingdom.

This tender by the FINANCIAL SERVICES COMPENSATION SCHEME LIMITED offers business growth prospects, particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations. Businesses that provide software solutions or services in the financial services sector would be well-suited to compete for this contract. The award was made on January 31, 2023, and the successful supplier, EXPERIAN LIMITED, will be delivering the services until January 31, 2024, in accordance with the awarded contract.

## Notice

Performs a modulus check to validate bank account and sort codes for all electronic payments. Faster Payment module used to verify Faster Payments can be processed by the customers bank and validates the account.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/be5a96d0-a033-4a7e-b29e-ef6e711ab442 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Apr 2023 |
| Submission deadline | 31 Jan 2022 |
| Future notice date | Not specified |
| Award date | 31 Jan 2023 |
| Contract period | 1 Feb 2023 - 31 Jan 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £35,750 |
| Lots value | Not specified |
| Awards value | £35,750 |
| 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 | FINANCIAL SERVICES COMPENSATION SCHEME LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EXPERIAN |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 5 Apr 2023 at 21:14 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/be5a96d0-a033-4a7e-b29e-ef6e711ab442

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/be5a96d0-a033-4a7e-b29e-ef6e711ab442
  5th April 2023 - 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-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a.json.