---
title: "Bank Wizard Subscription"
ocid: "ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
published: "2021-01-26"
---

# Bank Wizard Subscription

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907.json)

## Summary

The Financial Services Compensation Scheme Limited has completed a procurement process for a contract titled "Bank Wizard Subscription", which falls under the software package and information systems category. The procurement, conducted through a direct method as a single tender action, was finalised with a total value of £37,047. The contract period is set from 31 December 2020 to 30 December 2021, and the relevant procurement stage has been marked as award, with the contract awarded to Experian Limited on 30 December 2020. This procurement process was officially published on 26 January 2021.

This tender presents significant opportunities for businesses, particularly those specialising in software solutions and information systems, to enhance their service offerings. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be well-positioned to compete, especially those capable of providing modular checks and payment verification systems. Engaging in such contracts can help these businesses expand their market presence and strengthen relationships within the financial services sector.

## 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/6df0e233-b0d7-428a-8954-a7d330aa6468 |
| 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 | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Jan 2021 |
| Submission deadline | 30 Dec 2020 |
| Future notice date | Not specified |
| Award date | 30 Dec 2020 |
| Contract period | 31 Dec 2020 - 30 Dec 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £37,047 |
| Lots value | Not specified |
| Awards value | £37,047 |
| 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

- 26 Jan 2021 at 11:58 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6df0e233-b0d7-428a-8954-a7d330aa6468

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/6df0e233-b0d7-428a-8954-a7d330aa6468
  26th January 2021 - 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-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907.json.