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Tenfell
Closed tender
Published 18 Jun 2025

A Technical Solution and Associated Services for the Deposit Guarantee Scheme

Central Bank of Ireland · Ireland

Key facts

Estimated value
€14,000,000
Closing date
13 Aug 2025
Procedure
Open procedure
Buyer type
Other public body

Description

The Deposit Guarantee Scheme (DGS) protects depositors in the event of a bank, building society or credit union authorised by the Central Bank of Ireland being unable to repay deposits. The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (DGS), which compensates depositors in the event of an in-scope Credit Institution (“CI”) failing, and may also issue payments for deposits held at the Irish branch of credit institutions authorised in another European Economic Area (EEA) Member State. Following the appointment of a liquidator to a CI, the Central Bank is obliged to pay compensation of up to €100,000 per eligible depositor per CI to depositors who are deemed eligible under the rules of the scheme, within 7 working days from the date of the appointment of the liquidator. To support the Central Bank in administering the DGS, the Central Bank is seeking the implementation and ongoing support and maintenance of a fully managed, cloud-hosted solution. In summary, the solution will receive and process customer data and payment files, apply data validation and standardisation methodologies, generate payment instructions, provide case management capabilities, and store relevant data in a secure and auditable manner. The successful Tenderer will be expected to pro-actively work with the Central Bank to continually improve the solution, and to enable the Central Bank to evolve services over the course of the Contract as its needs evolve, and accordingly may have to manage and deliver change projects, both large and small, throughout the duration of the Contract. Further detail is set out in the attached tender documents.

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