The Provision of Credit Referencing Services

Development Bank of Wales
Wales
Open procedure
1 July 2026 to 30 June 2030

Consolidation of two existing systems into a single integrated platform for credit risk assessment and customer due diligence. The solution must provide commercial and consumer credit bureau data, identity and address verification, PEPs, sanctions, adverse media, and law enforcement monitoring. The service supports automated lending decisions and includes monitoring for companies, consumers, and directors across the group.

Open the official notice

Awarded value: £1.5m; As published
Published: 9 January 2026
Awarded: 30 March 2026; Experian
Contract length: 48 months; Ends 30 June 2030

What the contract covers

Integrated service and solution

Provision of integrated credit referencing, identity verification, and customer due diligence services for financial services and lending operations.

Deliver an integrated solution that streamlines customer due diligence and credit risk assessment using commercial and consumer credit bureau data
Provide the existing credit referencing and identity/address verification capabilities within the consolidated solution, including reports on companies, consumers, directors, international business, consumer watchlist and company monitoring
Eliminate manual data entry and enable intelligent and responsible lending decisions

Terms and requirements

Contract type: Integrated service and solution
Procedure: Open procedure
Initial term: 48 months
Extensions: 36 months + 36 months
Longest it can run: 120 months
Contract dates: 1 July 2026 to 30 June 2030
Certifications asked for: None stated
Lots: 1
Suitable for SMEs: Yes
Category: Services
CPV codes: 66000000

Services in this contract

Financial market and credit ratings dataMain service£119k typicalCredit referencing using commercial and consumer credit bureau data for credit risk assessment
Digital identity verification£210k typicalIdentity and address verification, PEPs and sanctions checks consolidated into the solution

Lifecycle

Published
9 January 2026
Contract awardedto Experian
30 March 2026
Contract starts
1 July 2026
Contract ends
30 June 2030

The buyer

Development Bank of Wales

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The supplier

Experian

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Cite this contract

Link: https://bidskim.com/tender/342842/the-provision-of-credit-referencing-services
Buyer reference: DBW00093.00
Open contracting ID: ocds-h6vhtk-060349
Last checked: 4 November 2026

Development Bank of Wales. The Provision of Credit Referencing Services. Contract award, 9 January 2026. BidSkim, https://bidskim.com/tender/342842/the-provision-of-credit-referencing-services (accessed 4 November 2026).