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    ContractsBank of England Data Collection System Modernisation
    Open tender

    Bank of England Data Collection System Modernisation

    Contract value
    £20m
    Published 8 Jun 2026

    Bank of England seeks vendors to supply and implement a modern data collection platform with XBRL services to replace its legacy BEEDS system used for regulatory and statistical reporting.

    🇬🇧United Kingdom· EnglandPublished 8 Jun 2026· 2 months agoviaFind a Tender
    Contract value
    £20m
    Published 8 Jun 2026

    Decision brief

    4 fields
    • Contract value
      £20,000,000indicative
      Pounds sterling
    • Closing date
      Rolling
      No closing date published
    • Sector
      IT & Software
      Browse related listings
    • Location
      🇬🇧United Kingdom
      England

    Lifecycle

    Open

    Open tender — no closing date published. Opened 2 months ago.

    8 June 2026
    Open tender · no closing date published

    Brief

    The Bank of England is seeking to procure a modern data collection platform to replace and upgrade BEEDS (Electronic Data System), its current strategic system for collecting regulatory and statistical data from financial firms. The new solution should include: a modern data collection platform with advanced data modelling and toolsets; XBRL validation processing services; and professional services for system deployment and migration of existing data. This system is critical infrastructure used daily by firms and internal teams across the Bank to manage essential regulatory reporting and statistical collections. An RFI was previously issued in 2024 with supplier engagement undertaken; this procurement proceeds following a delay for operational reasons. Suppliers should have expertise in data collection platforms, financial regulatory data systems, XBRL processing, and large-scale system migration and deployment.

    Track record

    4 awards · 4 winners
    Open field

    No single supplier dominates the field.

    In it software, BANK OF ENGLAND has awarded 4 contracts to 4 suppliers.

    Who wins here
    1. SOFTCAT PLC1× · 25%
    2. Preservica Ltd1× · 25%
    3. THE MATHWORKS1× · 25%
    4. S3 Partners1× · 25%

    Across it software, the most active winners are SOFTCAT PLC, PHOENIX SOFTWARE LTD, CIVICA UK LIMITED — the field to beat, or your route in as a partner.

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    Take action
    View tender on sourceFind a Tender

    Full notice and submission process on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-05f179
    BE
    Buyer
    BANK OF ENGLAND
    Sector
    IT & Software