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  5. ›Identity Management - Member and Banking Verification

State Universities Retirement System·Illinois

Identity Management - Member and Banking Verification

Closes 1/23/2026$500k – $2MRequest for Proposal
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Description

The State Universities Retirement System (SURS) is seeking a vendor to enhance its current member and banking verification processes. The selected vendor will provide services to verify document authenticity, strengthen fraud-detection capabilities, and ensure that all account changes are made solely for the rightful member. The vendor will also validate contact information and financial information before making any changes. The project will focus on creating backend verification processes, data validation methods, and detailed documentation for internal users. • Verify document authenticity and strengthen fraud-detection capabilities • Ensure that all account changes are made solely for the rightful member • Validate contact information and financial information before making any changes • Provide backend verification processes, data validation methods, and detailed documentation for internal users

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Shauna Clayborn(Procurement Officer)

[email protected]

(217) 378-7504

Key dates

Opened
12/9/2025
Questions due
12/23/2025
Closes
1/23/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Information Technology and Software Development
NAICS
541513
Solicitation №
60-26-02

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is estimated to be between $500,000 and $2 million, based on the scope of work and the fact that SURS is a large public pension system with significant resources. The selected vendor will provide services for a minimum of three years, with the option to extend for two additional one-year terms. The cost of the services will depend on the complexity of the verification processes, the number of members and accounts to be verified, and the level of support required.

AI estimate from the solicitation

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