Procurement information
This contract will 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 and reporting; and Open Banking
It supports customer management including: customer onboarding and lifecycle management; customer data management and retention. Support for data and insight capability including data warehouse, system integration, ETL, query and reporting tools
The contract also delivers support for NS&I’s prize winning savings products, including bond number allocation and prize draws
It is also responsible for migration and management of customer, account, and other data from legacy systems
Market engagement event
Following on from the industry briefing in April 2021 that introduced NS&I’s Rainbow programme, NS&I partnered again with techUK to invite suppliers to another event, this time focused on the last of our four procurement packages: Core Banking, Payments and Reporting
The event took place on 27 January 2022