---
title: "Bank Wizard"
ocid: "ocds-h6vhtk-06578c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06578c"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06578c.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06578c.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
published: "2026-02-18"
---

# Bank Wizard

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06578c

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06578c)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06578c.json)

## Summary

The Financial Services Compensation Scheme Limited, a public authority in sub-central government located in London, has concluded a procurement process titled "Bank Wizard" within the industry category of 'Industry-specific software package'. This procurement was executed through a direct method, below the threshold and without competition, focusing on goods to validate bank account and sort codes for electronic payments. The process reached the award stage with the contract signed on 31st December 2025, and it remains active until 30th December 2026. Experian Limited, a large corporate entity, has been awarded the contract, actively serving within the UK region.

This tender manifests opportunities for businesses, especially those specialising in software solutions, particularly in financial services. Businesses adept in providing industry-specific software packages for payment validation systems might find similar opportunities for growth in this area. Such contracts offer a substantial revenue stream, evidenced by the gross contract value of £49,088, fostering growth within the UK market where Experian already has an established presence. Expertise in providing technological solutions that enhance payment processing capabilities would align well with the buyer’s requirements.

## 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 | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/014995-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Below threshold - without competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Feb 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 31 Dec 2025 |
| Contract period | 31 Dec 2025 - 30 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £49,088 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7AW |
| 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 | Aldgate |
| 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

- 48100000 - Industry specific software package

## Release History

- 18 Feb 2026 at 17:25 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/014995-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/014995-2026
  18th February 2026 - Contract details notice on Find a Tender

## Notice URLs

- https://www.experianplc.com/
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-h6vhtk-06578c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06578c.json.