Provision of Smart Data Synthetic Data (BigSpark)

Official notice

Authority: Financial Conduct Authority (Public body)

Below threshold - without competition

Sectors: IT Services & Software (72) Delivery: UK

Awarded value£117,000published contract · exc. VAT

Awarded 11 Nov 2025no call for competition

Awarded to BIGSPARK LIMITED

What is being bought

Published requirement description

BigSpark will provide the FCA with a synthetic cross-sectoral dataset for the digital sandbox environment. This will enable the FCA to support firms innovating in the open finance and smart data area, and generate invaluable input into policy making. This is instrumental to successfully draft a regulatory framework for open finance, as stated in the FCA Strategy. The previous contract with the provider was centred on a much smaller dataset.

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: UK

72000000 IT services: consulting, software development, Internet and support 72261000 Software support services

Procedure terms & legal framework

From the official record

Procedure method: Below threshold - without competition
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 12 Nov 2025, 14:34 GMT
Last source update: 12 Nov 2025, 14:34 GMT
Authority reference: C3794
FTS notice number: 2025/S 000-073236
Latest notice: Contract details notice (UK7)
Delivery area: UK
Official registry OCID: ocds-h6vhtk-05dfbc Find a Tender

Notice history

1 event · 1 release on Find a Tender

Contract details notice published
12 Nov 2025, 14:34 GMT
UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £117,0001 contract exc. VAT

Contracts signed 1latest 11 Nov 2025

Awarded to	Value	Date	Status
BIGSPARK LIMITEDSME	—	—	Awarded

Contracts

FCA Aizle Data Licence Agreement · BIGSPARK LIMITEDSME
Signed
11 Nov 2025
Value
£117,000
Period
12 Nov 2025 – 9 Nov 2026 · up to 10 Nov 2028 with extensions
Status
active
Extensions
Annual extensions up to to a maximum of 2 such annual extensions
Options
Annual extensions up to to a maximum of 2 such annual extensions
2 agreed KPIs: Response Times · Resolution of critical data issues
- Response Times, Supplier to respond within 3 working days to any queries sent to the contact email address
- Resolution of critical data issues, Where the dataset is agreed by the Parties to be critically non-functional, the Supplier undertakes to use best endeavours to remedy within 10 working days of the cause being established and solution identified

Contracting authority & participating public bodies

FCA

Contracting authorityPublic authority - central government GB-PPON: PTYH-4442-XPRH 12 Endeavour Square, London, London, E20 1JNContact name, email

Bidders & participating suppliers

1 commercial party on the notice

BIGSPARKAwarded supplierGB-COH: 12227607 2 Lace Market Square, Nottingham, England, NG1 1PB, Nottingham, East Midlands, NG1 1PBContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender12 Nov 2025, 14:34 GMT