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Financial Crime Transaction Monitoring Systems Market Engagement Request for Information (CD2430)

BANK OF ENGLAND

Planned

Key facts

Closing date
Not stated by the buyer
Buyer's estimated value
£5,000,000 (excl. VAT) The buyer's own estimate, not income to you.
Contract period
1 Jan 2029 to 31 Dec 2034
Procedure
Not stated
Notice type
Preliminary market engagement notice (UK2)

Decision brief

Taken from the buyer's published notice (shown as written, shortened where long). Tenderpatch has not added to or interpreted it. Always read the official documents before bidding.

How bids will be scored
Not stated in the notice.
Conditions of participation (what you must show)
None published in the notice. They may be in the tender documents.
Contract length and extensions
1 Jan 2029 to 31 Dec 2034.
How to submit
Not stated in the notice.
Tender documents
No document links in the notice. Use the official notice link.
New to public tenders? Plain-English guide to this page
Framework
An agreement that sets terms for work the buyer may order later, often from several suppliers. The value shown usually covers the whole agreement, not one job.
Open for bids / closing date
You must submit by the closing date and time, normally through the buyer's own online portal. Late bids are normally refused.
Clarification questions
A deadline for asking the buyer questions about the tender. It is earlier than the closing date.
Conditions of participation
What the buyer asks suppliers to show before they can be considered, such as experience, insurance or accreditations.
Bids are scored on
How the buyer will compare bids, usually a split between price and quality. A 60/40 split in favour of quality means the cheapest bid will not necessarily win.
Lots
A tender can be split into parts. You can often bid for only the lots that suit you.
Area (ITL)
The buyer names an official statistical area for where the work is, not a street address. Check the tender documents for the actual sites.
UK4 and other notice codes
Official codes for the type of notice. A "tender notice" means bids are being invited.

General explanations written by Tenderpatch, not part of this notice.

Description

The Bank of England provides banking, payments and custodial services to a range of domestic and international customers, including central banks, government entities and systemically important financial institutions. These activities support the Bank's mission to maintain monetary and financial stability and involve the movement of high-value domestic and cross-border transactions through a range of payment and messaging channels. The Bank maintains a robust financial crime control framework and is committed to complying with all applicable sanctions, anti-money laundering (AML), counter-terrorist financing (CTF) and fraud prevention requirements. Technology plays a critical role in this framework by monitoring customer activity, identifying unusual or anomalous behaviour, supporting sanctions screening, and enabling the investigation and management of financial crime risks. The Bank is reviewing its technology capability across transaction screening and monitoring for financial crime, covering fraud, sanctions and AML/CTF. Through this market engagement exercise, the Bank is seeking information on current and emerging solutions, as well as deployment approaches.