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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

23 Jul 2026 at 11:29

UK7 - Contract Details Notice
Summary of the contracting process

The Financial Conduct Authority (FCA), a central government public authority located in London, has completed the contract award stage for a project titled "SREP (Supervisory Review and Evaluation Process) AI POC". This project falls under the services category and specifically relates to IT services such as consulting, software development, and support. The procurement method was direct, below threshold, and executed without competition. The contract commenced on 2nd April 2026 and is set to conclude on 31st July 2026. The total contract value is USD 48,000, with CAPITOL AI INC, based in Washington DC, serving as the supplier for this initiative.

This contract presents significant opportunities for businesses specialising in artificial intelligence and IT services, particularly those focused on financial-sector applications. The emphasis on AI for enhancing the Supervisory Review and Evaluation Process underscores a demand for advanced technological solutions in regulatory fields. Companies experienced in proof of concept development and capable of delivering innovative AI solutions without the need for competitive tendering would find similar opportunities to be well-suited for business growth in this space.

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Notice Information

Notice Title

SREP (Supervisory Review and Evaluation Process) AI POC

Notice Description

A proof of concept to see if AI can be used to support the SREPs (Supervisory Review and Evaluation Process) completed by FRD (Financial Resilience Department).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06d1c7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/069657-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£40,000 Under £100K

Notice Dates

Publication Date
23 Jul 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Apr 20264 months ago
Contract Period
1 Apr 2026 - 31 Jul 2026 1-6 months
Recurrence
Not specified

Notice Status

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

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
Post Town
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
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

CAPITOL AI

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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