---
title: "Open Banking - Future Entity Facilitation"
ocid: "ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FCA"
published: "2026-03-03"
---

# Open Banking - Future Entity Facilitation

Buyer: FCA  
Current stage: Award  
OCID: ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde.json)

## Summary

The Financial Conduct Authority (FCA) has concluded the procurement process for a contract titled "Open Banking - Future Entity Facilitation," classified under business and management consultancy services. The industry category is services, with key operations being undertaken in London, United Kingdom. The process transitioned through the award stage as of 03 March 2026, and the contract was awarded to KPMG LLP. The tender utilised a selective procurement method via a call-off from a framework agreement, valued at £285,879.60 initially and subsequently awarded at £300,000. The contract period extends from 30 January 2026 through to 17 April 2026.

This tender provides substantial prospects for organisational growth, especially for consultancies capable of establishing standards setting bodies within the financial services sector. The awarded contract to KPMG LLP indicates that businesses possessing robust expertise in business consultancy and management, particularly those able to navigate the intricacies of open banking, are well-suited to compete in similar procurements. Although the opportunity was not suitable for SMEs or VCSEs, large enterprises in the consultancy field may find similar projects beneficial for expanding their service portfolios in a regulated environment.

## Notice

To run an independent process to identify the organisation best placed to take forward the establishment of a standards setting body.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/71200651-e524-4245-9f45-0420de322e37 |
| 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 | 3 Mar 2026 |
| Submission deadline | 9 Jan 2026 |
| Future notice date | Not specified |
| Award date | 23 Jan 2026 |
| Contract period | 30 Jan 2026 - 17 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £285,879 |
| Lots value | Not specified |
| Awards value | £300,000 |
| 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 |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 3 Mar 2026 at 11:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/71200651-e524-4245-9f45-0420de322e37

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/71200651-e524-4245-9f45-0420de322e37
  3rd March 2026 - 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-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2ee04ced-d453-420a-b33a-398d3f982cde.json.