Replacement of Data Collection System ("BEEDS Replacement")

The Bank of England, as the United Kingdom's central bank, exists to ensure both monetary and financial stability. The Bank of England sets interest rates to achieve the inflation target; has responsibility for UK financial stability; is active in a range of financial markets, and issues bank notes.

The Bank is intending to go to tender in Q2 2024 to replace its existing provision for a solution to meet the data collection needs of the Bank. The current provision supports a system for collecting data from firms across the UK. Firms are required to submit regular returns to the Bank, which helps the Bank to meet its supervisory obligations. The Bank requires a platform for securely collecting this data.

The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's current working principles, the scope of the capabilities and sub-capabilities to be delivered and outlines the information requested from suppliers. The deadline to respond is 20th February 2024.