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SREP (Supervisory Review and Evaluation Process) AI POC

Financial Conduct Authority

This public procurement record has 1 release in its history.

Award

28 May 2026 at 10:26

Award Notice
Summary of the contracting process

The public procurement process for the Supervisory Review and Evaluation Process (SREP) AI Proof of Concept project has concluded with the contract awarded. The Financial Conduct Authority (FCA), the buying organisation based in London, led this procurement to integrate Generative AI into the SREP process. This project falls under the IT services industry category, specifically consulting, software development, Internet, and support. Procurement proceeded via a direct method, specifically a single tender action below the threshold, culminating in an active award dated 2nd April 2026, with the contract period running from 2nd April to 30th September 2026. The contract has a total value of £36,000.

This tender represents substantial growth opportunities for businesses specialising in IT services, particularly those with capabilities in AI technology. Although the tender has already been awarded to Capitol AI, INC, the demand showcases the FCA's interest in innovative AI solutions for regulatory processes, suggesting potential future prospects for similarly equipped firms. Businesses adept at navigating direct procurement processes and those capable of delivering specialised tech consultancy could benefit from monitoring similar opportunities with public bodies such as the FCA.

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Notice Information

Notice Title

SREP (Supervisory Review and Evaluation Process) AI POC

Notice Description

Services to run a proof of concept for integrating Generative AI into the SREP process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5b0f62b7-ea6c-4bb4-9822-cd01518459e1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/257e07e0-642c-4855-9610-5e8532a7c0e4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£36,000 Under £100K
Lots Value
Not specified
Awards Value
£36,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
28 May 20264 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
2 Apr 20266 months ago
Contract Period
2 Apr 2026 - 30 Sep 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Financial Conduct Authority
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

CAPITOL AI INC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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