Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS
Crown Commercial Service · United Kingdom
Key facts
- Estimated value
- £800,000,000
- Closing date
- 07 Jan 2032
- Contract starts
- 08 Jan 2032
- Contract ends
- 09 Jan 2032
- Procedure
- Restricted procedure (above threshold)
- Buyer type
- Central government
- Source
- Contracts Finder
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.
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.
Categories (CPV)
- 66000000 Financial and insurance services
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