206154 - Notice of Intent - Contract Extension

In June 2023, BCFSA issued a competition notice for an Azure Data Development consultant for it’s CUDIC PAID Project.

The CUDIC PAID ( Payment  Assessment and  Insurance  Determination) application is BCFSA's proprietary payments technology solution that facilitates a timely and accurate deposit payout to ensure members of a failed credit union have prompt access to their deposits and meet their financial obligations. The solution enables CUDIC to fulfill its mandate to protect depositors by guaranteeing all eligible deposits of provincially regulated credit unions, in accordance with the Financial Institutions Act (“FIA”).