Rainbow Customer Contact and Core Banking - LOT 1 - Customer Contact Centre and Operations

NS&IcontractContracts FinderRef 22-CD-01-126SME suitablecomplete
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Estimated value

£275.8m

Awarded value

£276.0m

Awarded 03 Nov 2023

Suppliers

1

Lots

1

1 awarded

Published

03 May 2024

Deadline 04 May 2023

Description

This procurement will consist of two packages. The Customer Contact and Operations package will procure a strategic supplier of managed services to support, deliver and integrate contact centre services, including the provision of Assisted Digital capabilities, supporting customers through digital self-service and customer journeys to perform on their behalf when needed to support vulnerable and digitally excluded customers. The Core Banking, Payment and Reporting package will will procure a strategic supplier of managed services to deliver and integrate core banking services and systems of record, including: customer accounts and account lifecycle management; pooled accounts; payment verification and transaction processing; interest calculations and capitalisation; statement generation; product development and lifecycle management; general ledger and product accounting; fraud detection and monitoring; account and customer management information; insight capabilities; reporting and knowledge management; and Open Banking.

Scope

Reference
22-CD-01-126
Total value
£275,800,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
03 Nov 2023 to 31 Mar 2030
CPV classifications
66110000 79342300 79342320 79510000 79570000
Particular suitability
Small and medium-sized enterprises (SME)

Submission & procedure

Submission deadline
04 May 2023, 11:00 am

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£276.0m

Award date

03 Nov 2023

Contract start

03 Nov 2023

Contract end

31 Mar 2030