techUK is delighted to partner again with NS&I onvits Rainbow Programme engagement, this time inviting suppliers to another event focused on the fourth of NS&I’s four procurement packages: Core Banking, Payments and Reporting.
This package 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.
Core Banking, Payments and Reporting will predominantly be delivered through automated, integrated, and efficient processes and controls (with low human touch and near-zero paper where automation is not viable).
These will include services to support:
- Account deposit and withdrawal management
- Account level maintenance
- Payment transaction processing (In and Out)
- Premium Bond prize generation application and payment
- Customer Data Management and storage (including Data capture standards, Image Repository)
- Integration to UK payment schemes, either direct or through existing NS&I agency banking relationships
- Financial crime detection investigation and management
- Anti-Money Laundering (AML)
- Treasury management including funding and defunding arrangements with HM Treasury and NLF (Net Liquidity Financing)
- Document, monitor and perform all necessary controls including daily reconciliations of cash balances to GL balances at NS&I level
- UK banking regulations / industry practices and ensuring effective controls are in place
- Reporting:
- General Ledger
- Product
- Transaction
- Joined up data and proactive insight capabilities, leveraging a range of data sources, not limited to the core banking system
- Knowledge management (enabling the business to discover new insights)
- Make knowledge & insight available to other services, which could include:
- Legacy customers and tracing
- Interactions with Digital solutions, including Marketing & Content
- Contact Centre and Back-office Operations
- Effective collaboration with other NS&I Suppliers through transition and operational phases
NS&I views this event as the perfect opportunity to receive feedback from industry to help shape the Core Banking, Payments and Reporting package and explore the viability of our approach.
During this event NS&I will:
- share its vision and indicative timelines;
- share its thinking on the people, ways of working and technology capabilities needed to support this package;
- gain your insights and constructive challenge on relevant proven and emerging industry best practice; and
- benefit from your insight into the optimal alignment between its requirements and that best practice.
As NS&I looks to disaggregate its contracts, the organisation is keen to access the best capabilities contained in the market; and all sizes of companies are encouraged to join if they think they have relevant solutions.
Book your place now for this exciting briefing!
Supplier sessions
NS&I would like to speak with several suppliers directly after the event to listen to feedback on the requirements and challenge areas of our thinking. If you are interested in participating in one of these sessions, please contact NS&I directly at [email protected] stating your organisation’s interest and availability. NS&I will select a representative sample of service providers, software vendors and partners to assist with this process. Whether you participate or not does not have any bearing on your ability to bid for the opportunity. Sessions are expected to take place in February 2022 and further details will be announced in due course
More about NS&I
National Savings and Investments (NS&I) is an Executive Agency of the Chancellor of the Exchequer and a Government Agency. It is one of the UK’s largest retail savings organisations with over 25 million customers, best known for Premium Bonds, but also offering a wide range of other savings products. As it is backed by HM Treasury it offers 100% security on every penny of the over £220 billion currently invested. It is one of the largest savings organisations in the world, as well as a source of cost-effective debt financing. In addition to the services, it provides directly to UK savers, it also delivers services for HM Treasury, the MOJ and HMRC.
Heather Cover-Kus
Heather Cover-Kus
Heather is Head of Central Government Programme at techUK, working to represent the supplier community of tech products and services to Central Government.
Prior to joining techUK in April 2022, Heather worked in the Economic Policy and Small States Section at the Commonwealth Secretariat. She led the organisation’s FinTech programme and worked to create an enabling environment for developing countries to take advantage of the socio-economic benefits of FinTech.
Before moving to the UK, Heather worked at the Office of the Prime Minister of The Bahamas and the Central Bank of The Bahamas.
Heather holds a Graduate Diploma in Law from BPP, a Masters in Public Administration (MPA) from LSE, and a BA in Economics and Sociology from Macalester College.
- Email:
- [email protected]
- LinkedIn:
- https://www.linkedin.com/in/heather-cover-kus-ba636538
Ellie Huckle
Ellie Huckle
Ellie joined techUK in March 2018 as a Programme Assistant to the Public Sector team and now works as a Programme Manager for the Central Government Programme.
The programme represents the supplier community of technology products and services in Central Government – in summary working to make Government a more informed buyer, increasing supplier visibility in order to improve their chances of supplying to Government Departments, and fostering better engagement between the public sector and industry. To find out more about what we do, how we do this and how you can get involved – make sure to get in touch!
Prior to joining techUK, Ellie completed Sixth Form in June 2015 and went on to work in Waitrose, moved on swiftly to walking dogs and finally, got an office job working for a small local business in North London, where she lives with her family and their two Bengal cats Kai and Nova.
When she isn’t working Ellie likes to spend time with her family and friends, her cats, and enjoys volunteering for diabetes charities. She has a keen interest in writing, escaping with a good book and expanding her knowledge watching far too many quiz shows!
- Email:
- [email protected]
- Phone:
- 020 7331 2015
- Twitter:
- @techUK,@techUK
- Website:
- www.techuk.org,www.techuk.org
- LinkedIn:
- https://bit.ly/3mtQ7Jx,https://bit.ly/3mtQ7Jx
Annie Collings
Annie Collings
Annie joined techUK as the Programme Manager for Cyber Security and Central Government in September 2023.
Prior to joining techUK, Annie worked as an Account Manager at PLMR Healthcomms, a specialist healthcare agency providing public affairs support to a wide range of medical technology clients. Annie also spent time as an Intern in an MPs constituency office and as an Intern at the Association of Independent Professionals and the Self-Employed.
Annie graduated from Nottingham Trent University, where she was an active member of the lacrosse society.
- Email:
- [email protected]
- Twitter:
- anniecollings24
- LinkedIn:
- https://www.linkedin.com/in/annie-collings-270150158/
Austin Earl
Austin Earl
Austin joined techUK’s Central Government team in March 2024 to launch a workstream within education and edtech.
With a career spanning technology, policy, media, events and comms, Austin has worked with technology communities, as well as policy leaders and practitioners in education, central and local government and the NHS.
Cutting his teeth working for Skills Matter, London’s developer community hub, Austin then moved to GovNet Communications where he launched Blockchain Live and the Cyber Security and Data Protection Summit. For the last 3 years he has worked with leaders in education across the state and independent schools sectors, from primary up to Higher education, with a strong research interest in technology and education management.
- Email:
- [email protected]
- Phone:
- 07891 743 932
- Website:
- www.techuk.org
- LinkedIn:
- https://www.linkedin.com/in/austin-spencer-earl/
