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Expired contract

Provision of Identity and Verification Services

Details

Buyer
Financial Services Compensation Scheme
Supplier(s)
LEXISNEXIS RISK SOLUTIONS UK LIMITED
Value
£124,600
Duration
1 year
Topic
Software package and information systems
Published
14 May 2023
Source
uk:contracts_finder

Tender description

This is an integrated identification service that enables FSCS to have increased confidence in verifying an individual's identity whilst supporting a frictionless customer journey. The service verifies the identify of customers, representatives, beneficiaries, or trustees automatically through the FSSCS claims portal or manually (where required) via an internal claims process using the web-based solution. Additional information: The contract includes the option to extend for a further year

Timeline

  1. Award date1 May 2023
  2. Award published14 May 2023
    Current notice
  3. Contract expiry date30 April 2024

About the buyer

Financial Services Compensation Scheme (FSCS), a UK central body established under the Financial Services and Markets Act 2000, runs its own procurement function. FSCS began compensating customers of failed firms in 2001. Protection extends across banking, investment, pension, insurance and mortgage advice for firms authorised to trade in the UK. FSCS is independent of government and the financial services firms whose levies fund it.

Over the past 5 years, most of Financial Services Compensation Scheme's contract awards have been in business services, software and information systems and IT services.

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