Tender supervisory technology system (SupTech Data Collection) for the Danish Financial Supervisory Authority

I) Background and purpose: The Danish Financial Supervisory Authority (hereinafter “the contracting entity”) seeks a standardized Supervisory Technology (SupTech) Data Collection system (hereinafter the “System”) and related services to support legally required reporting of financial data from financial entities. This includes, but is not limited to financial reporting to EBA, ESMA and EIOPA. The primary purpose is to simplify compliance with current and future reporting requirements. II) Main Services: The tender includes the main Services A-D below. The System and Continuing Services are provided to the contracting entity as a “Software as a Service” (“SaaS”), which represents a way of providing a cloud service where users gain access to the software applications via the internet. A: Implementation Services: The Supplier’s Implementation Services includes the following: 1. Implementation of the System: The Supplier shall implement a standard System that can handle all necessary reports following the requirements at that time to EBA, ESMA and EIOPA. 2. Training/education of Customer’s employees in the use of the System. 3. API integration to Customer systems (data warehouse, master register of companies and persons, etc.) 4. One time data exchange from the existing system, FIONA. B: Provision of the System and Continuing Services: The Supplier’s Continuing Services includes the following: 1. Provision of the System for the Customer’s use. 2. Operation. 3. Maintenance. 4. Support. C. Services as per Order: The Supplier’s Services as per Order consists of the following: 1. Consultancy services. 2. Additional Modules from Supplier’s Roadmap. D. Exit Services: The Supplier shall provide Exit Services to the Customer in connection with full or partial termination of the Contract, including any reasonable and necessary assistance to the Customer in connection with the Customer’s transfer of the Services to the Customer or other suppliers.