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Anti-Money Laundering KYC Tooling

British Business Bank

This public procurement record has 1 release in its history.

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23 Sep 2026 at 16:53

Award Notice
Summary of the contracting process

British Business Bank plc procured an anti-money-laundering and know-your-customer compliance service: a configurable third-party risk management platform for screening and onboarding suppliers, automating risk assessments and monitoring suppliers throughout their lifecycle. It uses business intelligence and corporate ownership data to help manage regulatory, financial and operational risks across the organisation’s supplier portfolio. The service also includes business continuity and disaster recovery, with separate production and recovery environments and resilient data replication to protect customer data and limit disruption. This is a software-enabled service for compliance and supplier-risk management, delivered in the United Kingdom. The buyer is based in Sheffield.

The procurement is complete and awarded. Moody’s Analytics UK Limited was selected, with an award dated 24 June 2026. The awarded value is £653,950. The contract runs from 1 July 2026 to 30 June 2028. The requirement was procured through a selective call-off from a framework agreement. The stated tender submission deadline was 24 June 2026. The process identifies the service as unsuitable for SMEs and voluntary, community or social enterprises. The published information gives no specific scoring or evaluation criteria, so the basis on which competing offers were assessed cannot be characterised further.

This award demonstrates demand from British Business Bank for a supplier-risk and anti-money-laundering platform covering supplier screening, onboarding, automated assessment and ongoing monitoring. A credible competitor would need to combine configurable compliance workflows with extensive business intelligence and corporate ownership data, and support risk oversight across the full supplier lifecycle. The service must address regulatory, financial and operational risks, rather than provide screening alone. Resilience is also central to the requirement: suppliers need a robust continuity and disaster recovery capability, separate production and recovery environments, and resilient data replication that protects customer data and limits service interruption. The buyer’s stated SME and VCSE suitability positions the requirement towards larger providers with the capacity and established platform infrastructure to deliver this breadth of service.

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Notice Information

Notice Title

Anti-Money Laundering KYC Tooling

Notice Description

The service provides a configurable third-party risk management and compliance platform that supports supplier screening, onboarding, automated risk assessment, and continuous monitoring activities across an organisation's portfolio. Leveraging extensive business intelligence and corporate ownership data, the service enables buyers to manage regulatory, financial, and operational risks throughout the supplier lifecycle. The service is supported by a robust business continuity and disaster recovery framework designed to maintain service availability and protect customer data. Critical applications are hosted across separate production and recovery environments with resilient data replication, minimising downtime and preventing data loss in the event of a disruption.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b6f554bb-dccd-4404-aaab-1d5f725e4bbd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0de83efa-9417-45b5-b7a9-8e8970bf166a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48170000 - Compliance software package

Notice Value(s)

Tender Value
£653,950 £500K-£1M
Lots Value
Not specified
Awards Value
£653,950 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Jun 20263 months ago
Contract Period
1 Jul 2026 - 30 Jun 2028 2-3 years
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
British Business Bank
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S3 8NH
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Moody's Analytics UK Limited

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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