Financial Institution Data Matching Services

The Florida Department of Revenue (FDOR) is issuing a Request for Proposals (RFP) for Financial Institution Data Matching Services in accordance with Section 213.0532 of the Florida Statutes. The FDOR is seeking a contractor with experience in implementing a Financial Institution (FI) Data Match Program to establish and maintain direct relationships with financial institutions doing business in Florida. The contractor will be responsible for implementing data matching procedures and securely transferring data between the contractor and the FDOR. The contract term is five (5) years with potential renewal options. The contractor will be compensated through a data match services fee paid by the FDOR and a handling fee for reimbursing financial institutions. Vendor questions are due by September 17, 2024 at 12:00 PM, and proposals are due by October 3, 2024 at 3:00 PM.

The RFP indicates that the current incumbent provider for these services is Informatix, Inc., who has been providing the services at an approximate annual cost of $75,787.50. There are no set-aside designations or restrictions on the types of organizations that can respond to the RFP. The RFP does include specific requirements, such as providing evidence of having executed at least 100 agreements for data matching services with financial institutions, preferably in Florida. The FDOR has stated that it will not waive this requirement or make changes to the Memorandum of Understanding (MOU) execution process or timeline penalties.