--- title: "Core Banking, Payment and Reporting" ocid: "ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118.json" source: "Contracts Finder" current_stage: "Planning" buyer: "NS&I" published: "2021-12-21" --- # Core Banking, Payment and Reporting Buyer: NS&I Current stage: Planning OCID: ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118.json) ## Summary The NS&I seeks a strategic supplier for managed services related to Core Banking, Payment, and Reporting as part of its Rainbow Programme. This procurement is currently in the planning stage, with an engagement end date set for 31 March 2022. The project falls under the banking services industry category and is based in London, England. Interested parties can view additional details and documents related to the tender through a link to the e-procurement portal. The procurement method employed is a tendering process aimed at sourcing innovative solutions from various suppliers. This tender presents a significant opportunity for businesses specialising in financial consultancy, transaction processing, and data management services to grow and engage with a major public sector entity. Companies of all sizes, particularly those with capabilities in banking systems integration, financial crime detection, and customer data management, would be well-suited to compete. By participating, businesses can contribute feedback that could influence the final requirements and potentially secure a profitable contract with NS&I. ## Notice This package, as part of NS&I's Rainbow Programme, will procure a strategic supplier of managed services to deliver and integrate core banking services and systems of record, including: customer accounts and account lifecycle management; pooled accounts; payment verification and transaction processing; interest calculations and capitalisation; statement generation; product development and lifecycle management; general ledger and product accounting; fraud detection and monitoring; account and customer management information; insight capabilities; reporting and knowledge management; and Open Banking. Additional information: Core Banking, Payments and Reporting will predominantly be delivered through automated, integrated, and efficient processes and controls (with low human touch and near-zero paper where automation is not viable). These will include services to support: * Account deposit and withdrawal management * Account level maintenance * Payment transaction processing (In and Out) * Premium Bond prize generation application and payment * Customer Data Management and storage (including Data capture standards, Image Repository) * Integration to UK payment schemes, either direct or through existing NS&I agency banking relationships * Financial crime detection investigation and management * Anti-Money Laundering (AML) * Treasury management including funding and defunding arrangements with HM Treasury and NLF (Net Liquidity Financing) * Document, monitor and perform all necessary controls including daily reconciliations of cash balances to GL balances at NS&I level * UK banking regulations / industry practices and ensuring effective controls are in place * Reporting: o General Ledger o Product o Transaction * Joined up data and proactive insight capabilities, leveraging a range of data sources, not limited to the core banking system * Knowledge management (enabling the business to discover new insights) * Make knowledge & insight available to other services, which could include: o Legacy customers and tracing o Interactions with Digital solutions, including Marketing & Content o Contact Centre and Back-office Operations * Effective collaboration with other NS&I Suppliers through transition and operational phases NS&I views this event as the perfect opportunity to receive feedback from industry to help shape the Core Banking, Payments and Reporting package and explore the viability of our approach. During this event NS&I will: * share its vision and indicative timelines; * share its thinking on the people, ways of working and technology capabilities needed to support this package; * gain your insights and constructive challenge on relevant proven and emerging industry best practice; and * benefit from your insight into the optimal alignment between its requirements and that best practice. As NS&I looks to disaggregate its contracts, the organisation is keen to access the best capabilities contained in the market; and all sizes of companies are encouraged to join if they think they have relevant solutions. Book your place now for this exciting briefing! Supplier sessions NS&I would like to speak with several suppliers directly after the event to listen to feedback on the requirements and challenge areas of our thinking. If you are interested in participating in one of these sessions, please contact NS&I directly at tenders@rainbow.nsandi.com. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/97e263c3-3541-4387-8d0a-cf8581398a46 | | 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 | 21 Dec 2021 | | Submission deadline | Not specified | | Future notice date | 31 Mar 2022 | | 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 | NS&I | | Locality | LONDON | | Post town | South West London | | Postcode | SW1V 2QX | | 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 | Pimlico North | | Westminster constituency | Cities of London and Westminster | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 72 - IT services: consulting, software development, Internet and support - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 66110000 - Banking services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services - 72310000 - Data-processing services - 79210000 - Accounting and auditing services ## Release History - 21 Dec 2021 at 16:40 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/97e263c3-3541-4387-8d0a-cf8581398a46 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/97e263c3-3541-4387-8d0a-cf8581398a46 21st December 2021 - Early engagement notice on Contracts Finder - https://app.panacea-software.com/nsandi/ Link to e-procurement portal - https://www.techuk.org/what-we-deliver/events/ns-i-rainbow-programme-core-banking-payments-and-reporting-market-engagement.html Sign up here for the Market Engagement event for the Core Banking, Payment and Reporting procurement ## Notice URLs - https://rainbow.nsandi.com ## 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-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ca8ae2ca-3bb2-49a6-b6f9-d536a6a39118.json.