Development and Implementation of a Credit Information System

• Country: Seychelles
• Summary: Development and Implementation of a Credit Information System
• SCT Ref No: 52265280
• Deadline: 25 May 2021
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
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• Description:
• Request for proposals are invited for Development and Implementation of a Credit Information System SCOPE OF SERVICES The Scope of Services to be provided includes: • The prospective Vendor must be capable of developing and implementing a scalable and modular CIS, which would allow for an appropriately priced solution that is in line with international best practices. The solution must have the potential to incorporate more sophisticated features in the subsequent phases of the CIS development in line with the market needs of Seychelles. • The Vendor will be required to transfer knowledge on technical management of a CIS and provide guidance on maintaining business continuity measures, backup for disaster recovery site and transferring data from the system to an external archive. • The system must be capable of processing positive and negative data sourced via APIs (or other easy to implement interfaces) from banks, credit unions, non-bank financial institutions, and other non-bank creditors (leasing, public sector lenders, telecommunication companies, utilities, micro-finance institutions etc.). Initially the CIS will serve Commercial Banks, Development Bank of Seychelles, Seychelles Credit Union, Housing Finance Company, and will eventually be extended to include other credit data providers including fintech companies, state owned enterprises, hire purchase providers, credit sales and financial leasing companies, insurance companies and other potential data providers. Initial data inputs will include positive and negative information on all credit facilities. It is anticipated that over time, the CIS will include other value-added data. • In addition, the system should be able to provide aggregated data in the form of reports, for use by CBS in its function as regulator of the financial system. This will assist the CBS in undertaking its institutional functions, such as macro and micro prudential supervision, financial stability, monetary policy, statistical analysis, research and other key financial system regulator objective Milestone Date Release of RFP Tuesday April 13th, 2021 Submission for Intent to Bid (Annex v) Tuesday April 27th, 2021 Deadline for questions Tuesday May 4th, 2021 Release of answers to questions Tuesday May 11th, 2021 Deadline for proposals Tuesday May 25th, 2021 at 3pm Opening of Technical Bids (Immediately after deadline for submission of proposal) Tuesday May 25th, 2021 Decision made and respondents informed of the outcome Tuesday September 7th, 2021 Contract signed and exercise start Thursday October 14th, 2021 End of the exercise Friday December 30th, 2022
• Documents:

 Tender Notice