Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS
The contract covers an Open Banking Dynamic Purchasing System for data, digital payments and Confirmation of Payee services, including digital payment services, account information services and CoP services. The buyer is Crown Commercial Service, acting through the Government Commercial Agency as the authority, and it operates across central government and the wider public sector. The supplier is expected to provide open banking services that support public-sector procurement of these capabilities throughout the life of the agreement. The estimated value is £800 million and the agreement is expected to run for 8 years, with supplier onboarding available across that period. Delivery is for use across the United Kingdom. The key requirement is that bidders must be able to onboard to the DPS and provide open banking services for central government and the public sector.
Buyer: GOVERNMENT COMMERCIAL AGENCY. Source: Contracts Finder. Updated 8 Dec 2023.
Key facts
- Estimated value: £800m
- Bids close: 7 Jan 2032
- Location: United Kingdom
- Procedure: Restricted procedure (above threshold)
- Contract period: 8 Jan 2032 to 9 Jan 2032
- Category: Financial and insurance services (66000000)
From the official notice
Due to the ongoing growth and development of the Open Banking market, Crown Commercial Service (CCS), as the Authority, intends to put in place an agreement for Open Banking Services for use by Central Government and the Wider Public Sector. The Agreement will be a Dynamic Purchasing System (DPS). This will be called RM6301: Open Banking DPS (Data, Digital Payments and Confirmation of Payee Services). This agreement will provide a vehicle for Central Government and the Public Sector to source Open Banking Services, including but not limited to: Digital Payment Services Account Information Services Confirmation of Payee (CoP) Services This will be the first agreement for Open Banking Services CCS has developed. We intend to launch for supplier onboarding from late July with the DPS anticipated to go live for use in the Autumn. The agreement is expected to run for 8 years and suppliers will have the opportunity to onboard throughout this duration. Additional information: Please note the Closing Date, Contract Start Date and Contract End Date have been manipulated to support compatibility system issues. However please refer to the contract notice for the correct dates, timelines etc.
View the official notice
Questions about this tender
When is the deadline?
Bids close on 7 Jan 2032.
What is it worth?
The estimated value is £800m.
Who can apply?
The buyer has marked it as suitable for small and medium-sized businesses.
How do I bid?
Open the official notice, register on the buyer's portal and submit your bid before the deadline.
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