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Core Banking, Payment, Reporting and Business-to-Business Services

NS&I

Awarded
services

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Key details

Contracting authority
NS&I
other
Region
London
Delivery: UKI32
Contract value
£474,380,000ex VAT
Submissions closed
20 December 2024
Published
24 January 2025

Procurement

Contract period
23 December 2024 - 31 March 2028
3 years
Procedure type
Negotiated procedure without prior publication (above threshold)
CPV classifications
  • 66100000 Banking and investment services
  • 66110000 Banking services
  • 66111000 Central bank services
  • 66112000 Deposit services
  • 66113000 Credit granting services
  • 66113100 Micro-credit granting services
  • 66114000 Financial leasing services
  • 66115000 International payment transfer services
  • 66120000 Investment banking services and related services
  • 66121000 Mergers and acquisition services
  • 66122000 Corporate finance and venture capital services
  • 66130000 Brokerage and related securities and commodities services
  • 66131000 Security brokerage services
  • 66131100 Pension investment services
  • 66132000 Commodity brokerage services
  • 66133000 Processing and clearing services
  • 66140000 Portfolio management services
  • 66141000 Pension fund management services
  • 66150000 Financial markets administration services
  • 66151000 Financial market operational services
  • 66151100 Electronic marketplace retailing services
  • 66152000 Financial market regulatory services
  • 66160000 Trust and custody services
  • 66161000 Trust services
  • 66162000 Custody services
  • 66170000 Financial consultancy, financial transaction processing and clearing-house services
  • 66171000 Financial consultancy services
  • 66172000 Financial transaction processing and clearing-house services
  • 66180000 Foreign exchange services
  • 66190000 Loan brokerage services

What happened

NS&I awarded this contract to Atos IT Services UK Ltd worth £474,380,000 on 23 Dec 2024. The contract runs until 31 Mar 2028.

Description

A new agreement for extended provision of the Business Process Outsourcing Agreement originally established between NS&I and Atos dated 20 May 2013 (as amended and restated) until March 2028 (with a 12-month extension for continuity if required), to provide for the transformation of the Core Banking platform and associated technologies, and for the continued provision of the Government Payment Services (B2B) services, on an as-is basis, in accordance with the terms of the Business Process Outsourcing Agreement.

Awarded supplier

Supplier
Atos IT Services UK Ltd
Companies House: 01245534
Award value
£474,380,000
Award date
23 December 2024

Contact

Address
Sanctuary Buildings, 20 Great Smith Street, London, SW1P 3BT
Contact name
Jamie Thomas

Identifiers

Buyer reference
24-X-01-166
Notice ID
38c3f9c6-8c80-483e-a7de-c6e856124d72-824168
OCID
ocds-b5fd17-cbe7cb0c-e890-4282-81e6-7e410010d2f0

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External ID: cf-ocds-b5fd17-cbe7cb0c-e890-4282-81e6-7e410010d2f0 • Added 3 October 2026