Expression of interest For Regulatory Framework For Mobile And Digital Banking Services

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Expression Of Interest Are Invited For Regulatory Framework For Mobile And Digital Banking Services Single Stage Open Competitive Selection Request For ProposalsProject Description Mobile And Digital Banking Is Growing At A Remarkable Speed With Branchless Banking Schemes Sprouting Across The World The Distribution Of Affordable Equipment Makes It Possible To Offer A Range Of Financial Services Even Without A Conventional Bank Account And Card Because The Mobile Phone Or Tablet Can Serve As A Virtual Bank Card And Store Information Related To Customers And Financial Institutions Undoubtedly This Presents Significant Potential For Financial Inclusion As Financial Services Are Provided In Otherwise Unbanked Locations Moreover The Recently Launched Five Year Programme For Digital Kazakhstan Is Looking To Provide Ample Support To Address The Challenge Of Large Distances And Improve Competitiveness Of KazakhstanS Economy And Quality Of Life Through The Progressive Development Of The Digital Ecosystem This Programme Also Includes The Development Of Financial Technologies Non Cash Payments And Electronic Commerce As Well As Progressive Regulations That Create A Vibrant Environment To Promote Greater Inclusion And Innovation Given That The Number Of Internet Users In Kazakhstan Has Increased Remarkably Recently Thanks To A Large Number Of Modern Telecom Infrastructure Investments This Presents A Solid Infrastructure Basis For The Development Of Mobile Banking Schemes Notably However Mobile And Digital Banking Products Create Uncertainty About The Appropriate Regulatory Response To This Newly Emerging Service Against This Background The Astana Financial Services Authority The Afsa The Regulatory Authority For The Financial Activities Of Theastana International Financial Centre The Aifc Is Looking To Develop Regulation Aimed At Regulating Mobile And Digital Banking Activities The Constitutional Statute Of Kazakhstan On The Aifc Entitles The Afsa To Develop Banking Services Financial Technologies And Innovations In The Country In Addition As A New Driver Of Economic And Financial Growth Not Only For Kazakhstan But Also For The Region The Aifc Seeks To Become A Centre Of Excellence Providing High Quality Services To Facilitate Regional Economic Growth To That End On 18 March 2019 The Afsa Sent The Request Letter To The Legal Transition Team Of The European Bank For Reconstruction And Development The Ebrd Or The Bank Requesting Assistance With The Regulatory Framework For Mobile And Digital Banking It Is Therefore Proposed To Initiate A Technical Assistance Project With The Objective Of Assisting The Afsa With Such Regulation The Project Assignment Description In The Context Of The Project The European Bank For Reconstruction And Development The Ebrd Or The Bank Is Seeking To Engage A Consultant The Consultant In Order To Support The Ebrd With Carrying Out The Tasks Foreseen Under This Project Including I Development Of A Mobile And Digital Banking Framework For Afsa Ii Presentation Of The Framework To Afsa And The Relevant Working Group And Iii Active Participation In Clarifying Findings Proposing Enhancements And Modifications To The Proposed Framework I To Iii Collectively The Assignment Further Details On The Project Can Be Found On Terms Of Reference The Tors To Be Found Attached Here Http Www Ebrd Com Documents Procurement 78435 Tors DocxConsultant Selection Procedure Single Stage Open Competitive Selection Interested Firms Or Groups Of Firms Are Invited To Submit A Technical And Financial Proposal Assignment Start Date And Duration The Project Is Expected To Start In June 2019 And Has An Estimated Overall Duration Of 10 Months Cost Estimate For The Assignment Eur 110 000 Exclusive Of Vat But Including Any Costs I E Travel Translation Etc The Consultant Must Determine Whether Any Vat Would Be Chargeable On The Services And The Basis For That Determination Without Taking Into Consideration The Special Status Of The Bank As An Ifi And State This To The Bank In Their Response To The Invitation For Expressions Of Interest To The Extent That A Consultant Incurs Input Vat On Goods And Services Purchased In Connection With The Provision Of Services E G Vat On Airline Ticket Which Is Not Otherwise Recoverable By The Consultant From The Local Tax Authority The Gross Cost To The Consultant Of Such Expenses Shall Be Treated As A Reimbursable Expense Funding Source Ebrd Shareholder Special Fund Ssf Please Note That Selection And Contracting Are Subject To The Availability Of Funding Eligibility There Are No Eligibility Restrictions Based On The Consultants Nationality Consultant Profile Corporate Services Are Required The Consultant Will Preferably Be An International Legal Law Firm Highly Experienced In Payments Mobile And Digital Banking And Open Banking Regulation In The United Kingdom The Uk With Extensive Knowledge And Previous Project Experience Related To The Uk Legal Regulatory And Institutional Framework Governing Payment Systems Mobile And Digital Banking As Well As Extensive Knowledge And Previous Project Experience Related To Advising Clients On The Legal Regulatory And Operational Implications Of The Uk Open Banking Regime Proven Ability To Produce High Quality Written Outputs As Well As Prepare And Deliver Trainings Workshops And Presentations And Project Management Economic Financial And Other Skills That Will Be Considered Necessary For The Execution Of The Activities The Consultants Expert Team Is Expected To Include The Following Key Expert The Key Expert Key Expert No 1 International Legal Expert Team Leader A Senior Lawyer With Preferably At Least 5 10 Years Of Experience In Advising Governments Agencies And Businesses On The Uk Legal And Regulatory Regime Governing The Payment Systems Regulation And Or Implementation Of Mobile And Digital Banking Solutions As Well As The Uk Open Banking Regime The Operational Policy And Legal Implications Connected With Introducing Digital Mobile And Open Banking In Emerging Economies And With Excellent Interpersonal Skills And Fluency In Written And Spoken English LanguageSubmission Requirements Interested Consultants Are Now Invited To Submit A Completed Technical And Financial Proposal As Per Thestandard Templates And Instructions Available Here Http Www Ebrd Com Documents Procurement Single Stage Package Docx Interested Consultants Should Make Themselves Familiar With These Standard Templates Standard Instructions And Conditions Of Contract In Preparation Of Their Proposals 1 The Technical Proposal Shall Be Submitted In English Electronically Via Eselection Not Later Than The Closing Date As One Single Pdf File The Technical Proposal Should Not Exceed 20 Pages Excluding The Declaration Form And Cvs Form 1 Tp 1 And Form 1 Tp 6 2 The Financial Proposal Form 2 Fp 1 And Fp2 Shall Be Submitted In English Separately By Email Only To The Bank Contact Person Consultants Are Reminded Of The Requirement To Ensure The Confidentiality Of The Financial Proposals A Technical Proposal That Contains Elements Of A Financial Proposal Shall Be Declared Non Responsive A Financial Proposal Submitted Together With The Technical Proposals Via E Selection Shall Be Declared Non Responsive Bank Contact Person Aspasia Tsekeri Ms Associate Advisor European Bank For Reconstruction And DevelopmentOne Exchange SquareLondon Ec2a 2JnE Mail Tsekeria Ebrd ComFor The Avoidance Of Doubt Technical Proposals Should Be Sent Through Eselection And Not To This Email Address Financial Proposals Should Be Sent To This Email Address And Not Through Eselection Deadline To Submit Clarification Questions Via E Mail To The Bank Contact Person Two Weeks Before The Deadline For Submissions Selection Method And Evaluation Criteria 1 Technical Proposal Evaluation Criteria A Firms Previous Project Experience In Similar Assignments 30 B Quality Of The Methodology Proposed For The Project 40 C Cvs Of The Key Experts Team Composition 30 Interviews Following The Evaluation Under The Technical Criteria From A To C Inclusive Above Up To Five Firms With A Combined Score Of 70 Or Above Will Be Invited To Interviews The Interviews Must Be Attended By The Key Expert Ebrd Will Advise The Consultant Regarding The Format E G Skype Call Meeting In Person Conference Call Etc And Date Of The Interviews At The Time Of The Invitation Please Note That All And Any Costs Incurred By The Consultant In Connection With Attendance To Interviews Shall Be Borne By The Consultant Combined Technical And Interviews Evaluation And Ranking The Weights Given To The Technical T And Interview I Evaluation Are T 65 AndI 35Submissions Will Be Ranked According To Their Combined Technical St And Interview Si Scores Using The Weights T The Weight Given To The Technical I The Weight Given To The Interview T I 1 As Following S St X T Si X I 2 Opening Of Financial ProposalsAfter The Technical Evaluation As Defined Above Is Completed Only The Submissions Which Score70 Or Above Of The Total Marks Available For The Technical Criteria Will Be Eligible To Have Their Financial Proposals Opened 3 Combined Technical And Financial EvaluationThe Lowest Evaluated Financial Proposal Fm Is Given The Maximum Financial Score Sf Of 100 The Formula For Determining The Financial Scores Sf Of All Other Proposals Is Calculated As Follows Sf 100 X Fm F In Which Sf Is The Financial Score Fm Is The Lowest Evaluated Financial Proposal And F The Price Of The Proposal Under Consideration Proposa

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