--- title: "Banking Services re-tender" ocid: "ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7.json" source: "Contracts Finder" current_stage: "Planning" buyer: "METROPOLITAN POLICE SERVICE" published: "2021-03-25" --- # Banking Services re-tender Buyer: METROPOLITAN POLICE SERVICE Current stage: Planning OCID: ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7.json) ## Summary The Metropolitan Police Service is currently in the planning stage of a procurement process for "Banking Services re-tender," aimed at securing financial and insurance services. This preliminary market engagement exercise has been initiated to gather insights into available banking solutions that can meet the needs of the Authority, which includes managing around 100 bank accounts. The engagement end date is set for 14 April 2021. Interested suppliers can access further details and respond to the tender through the Coupa platform. This tender presents an opportunity for businesses specialising in banking solutions, particularly those with a strong presence in London, to engage with a major public sector client. Companies offering innovative and flexible banking services, including virtual account management and multi-currency capabilities, would be particularly well-suited to compete. As the Metropolitan Police Service seeks to modernise its banking operations, this is an excellent chance for relevant businesses to expand their portfolios within the public sector. ## Notice This is not a procurement or an invitation to submit bids at this stage. The Authority are undertaking a preliminary market engagement exercise to establish interest and solutions that are currently available in the marketplace for Banking Solutions. Background Information The Authority currently has two main bank accounts 1) Fund Main Supply Account and 2) Fund Drawing Account. In addition to the main accounts approximately 100 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically. Bank accounts are also maintained for holding significant balances on behalf of third parties. As a minimum, for the Third Party Monies accounts, the Authority requires a virtual account solution that has the following functionality: * the ability to hold funds in Sterling, Euros and US dollars * simple desktop opening/closing of bank accounts * production of bank statements for individual account holders that are identical to standard bank statements (i.e. the statements must refer to the bank and the individual account holder, including both their name and their POCA reference, and not MOPAC or the MPS). There is a requirement for there to be a large London presence across the Metropolitan Police District to enable money to be deposited. Please use this link to access Coupa and respond to the PIN. https://supplier.coupahost.com/quotes/public_events?customer=metpolice ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a08fede7-735e-4ea9-81b9-091d8fa08527 | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Mar 2021 | | Submission deadline | Not specified | | Future notice date | 14 Apr 2021 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | METROPOLITAN POLICE SERVICE | | Locality | LONDON | | Post town | West London | | Postcode | W1S 2EX | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | West End | | Westminster constituency | Cities of London and Westminster | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 25 Mar 2021 at 12:29 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/a08fede7-735e-4ea9-81b9-091d8fa08527 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/a08fede7-735e-4ea9-81b9-091d8fa08527 25th March 2021 - Early engagement notice on Contracts Finder ## Notice URLs - https://supplier.coupahost.com/quotes/public_events?customer=metpolice ## 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-b8a5aa92-5074-4167-8262-ee1470029ab7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7.json.