Award

2nd Screening Platform

UK EXPORT FINANCE

This public procurement record has 3 releases in its history.

Award

06 Mar 2025 at 10:24

Tender

14 Oct 2024 at 16:17

Planning

14 Mar 2024 at 08:22

Summary of the contracting process

UK Export Finance (UKEF) has concluded the procurement process for a "2nd Screening Platform" under the classification of subscription services. The primary mission of UKEF's Financial Crime Due Diligence Division (FCDD) is to assist business and risk owners in understanding financial crime risks to avoid supporting non-viable transactions. UKEF required a screening solution specializing in negative news/adverse media data related to regulatory, financial, and criminal activities, aimed at mitigating potential risks and meeting UKEF's financial crime policy requirements. The procurement method was an open procedure, and the contract was awarded to LexisNexis Risk Solutions UK Limited for a value of £213,500, with the contract signed on 24 February 2025. The contract covers services to be delivered in the UK with detailed electronic submission requirements specified in the tender documents.

This tender presents significant business growth opportunities for firms specializing in financial crime compliance, risk management, and data analytics. Companies with robust solutions capable of mitigating financial risks and complying with government policies are well-suited to compete. This process encourages large, well-established firms like LexisNexis Risk Solutions UK Limited but also offers opportunities for smaller, innovative firms with advanced capabilities in negative news screening and monitoring. Businesses that can provide comprehensive tools for identifying risk indicators in financial transactions will find substantial opportunities in engaging with UKEF's ongoing and future needs.

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Notice Title

2nd Screening Platform

Notice Description

The primary purpose of UKEF (UK Export Finance) Financial Crime Due Diligence Division's (FCDD) is to help Business and Risk Owners understand the financial crime risk and avoid supporting transactions that are not "viable" by their being unlawful or contrary to government/internal policy. A Financial Crime Screening Solution that specialises in negative news / adverse media data companies and individuals related to regulatory, financial, and criminal activities. The solution must mitigate potential risks that may arise, and adhere to the wider requirements of the UKEF financial crime policy by identifying significant risk indicators in transactions or related parties .

Lot Information

Lot 1

Financial screening software

Options: 1 x 12 months extension provision in the contract

Renewal: There is an extension option of a further 12 months within the opportunity.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044857
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008154-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£213,500 £100K-£500K

Notice Dates

Publication Date
6 Mar 202511 months ago
Submission Deadline
14 Nov 2024Expired
Future Notice Date
1 Nov 2024Expired
Award Date
24 Feb 202512 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
UK EXPORT FINANCE
Contact Name
Not specified
Contact Email
commercial@ukexportfinance.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2HQ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI32 Westminster

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LEXISNEXIS RISK SOLUTIONS

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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