Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS

Open

Buyers

Value

£800,000,000

Classifications

Financial and insurance services
Banking services
Data services

Submission Deadline

7 years from now

Published

11 months ago

Description

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.

Documents

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Contract Agreement

The official contract terms, conditions, and scopes of work.

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Award Notice

Details on the tender award and selected suppliers.

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