---
title: "Open Banking Services"
ocid: "ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "H M REVENUE & CUSTOMS"
published: "2024-09-13"
---

# Open Banking Services

Buyer: H M REVENUE & CUSTOMS  
Current stage: Award  
OCID: ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b.json)

## Summary

H M Revenue & Customs (HMRC) has successfully completed the procurement process for providing Open Banking services, covering Payment Initiation Services (PIS) and Account Information Services (AIS). This procurement, classified under the industry category of banking services, was conducted through a selective method using a call-off from a dynamic purchasing system. The contract, valued at £2,260,457, has been awarded to Ecospend Technologies Limited, an SME located in London. The contract period spans from 29 August 2024 to 28 August 2027, with the tender period having ended on 26 April 2024. The contract will primarily serve customers in the United Kingdom, with a focus on expanding payment and repayment service offerings.

This tender presents substantial business growth opportunities for companies specialising in financial technology, particularly those offering innovative banking and payment solutions. SMEs with a robust background in developing and implementing advanced payment systems or providing comprehensive account information services can significantly benefit from engaging in similar procurement processes. Moreover, businesses equipped to navigate the regulatory landscape in the financial sector and capable of scaling their solutions to meet the needs of large organisations like HMRC are well-suited to compete for such tenders in the future.

## Notice

Open Banking services offering our customers payment and repayment services including Payment Initiation Services (PIS) and Account Information Services (AIS).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/655f799c-3f36-44c7-9de5-9326844da05d |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a dynamic purchasing system |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Sep 2024 |
| Submission deadline | 26 Apr 2024 |
| Future notice date | Not specified |
| Award date | 8 Jul 2024 |
| Contract period | 28 Aug 2024 - 28 Aug 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,260,457 |
| Lots value | Not specified |
| Awards value | £2,260,457 |
| 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 | H M REVENUE & CUSTOMS |
| Locality | SALFORD |
| Post town | Manchester |
| Postcode | M3 5BS |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD3 Greater Manchester |
| ITL 3 | TLD34 Greater Manchester South West |
| Local authority | Salford |
| Electoral ward | Blackfriars & Trinity |
| Westminster constituency | Salford |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ECOSPEND TECHNOLOGIES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 13 Sep 2024 at 13:31 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/655f799c-3f36-44c7-9de5-9326844da05d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/655f799c-3f36-44c7-9de5-9326844da05d
  13th September 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/435def34-7720-4bf4-9e44-b35624e7f6d8

## 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-af3232dc-cd88-420b-b060-7f38dadcfa8b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-af3232dc-cd88-420b-b060-7f38dadcfa8b.json.