Description
The State Treasurer’s Office is seeking a qualified consulting firm to conduct a comprehensive CalAccount Implementation Study that builds on the 2024 “Banking the Unbanked” report. The contractor will refine target‑population estimates, analyze barriers, design outreach and account‑feature strategies, update cost models, evaluate bank participation and compliance issues, and deliver a roadmap with recommendations for phased implementation.
• Deliver eight‑task study covering population sizing, barrier analysis, program design, cost modeling, bank‑partner models, KYC/compliance, next‑step recommendations, and guardrails.
• Provide a final report and supporting data by the contract end date (Nov 25 2026) with optional focus‑group and survey work as approved by the State.
• Must meet strict qualification criteria (≥5 years experience, key personnel in project management, banking regulation, financial transactions, market analysis, and research) and adhere to a $500,000 ceiling.