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

BANK OF ENGLAND

This public procurement record has 2 releases in its history.

PlanningUpdate

04 Sep 2026 at 09:29

UK2 - Preliminary Market Engagement Notice
Planning

17 Aug 2026 at 12:43

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Bank of England is reviewing technology for financial crime transaction screening and monitoring. The requirement covers fraud prevention, sanctions screening, anti-money laundering and counter-terrorist financing controls across high-value domestic and cross-border transactions moving through multiple payment and messaging channels. The Bank is seeking information about current and emerging software solutions, together with possible deployment approaches, to identify unusual or anomalous customer activity and support the investigation and management of financial crime risks. This is a technology and IT services requirement, including software packages, information systems, consulting, software development, internet and support services (CPV 48000000 and 72000000). Delivery is expected across the United Kingdom. The buying organisation is the Bank of England, a central government public authority.

This procurement is at the planning stage and is currently a pre-market engagement exercise, not an invitation to tender. The Bank expects to use the information gathered to consider its future requirements, but has not committed to starting a competitive tender. The indicative total value is £5,000,000 excluding VAT and £6,000,000 including VAT. The planned contract period is 1 January 2029 to 31 December 2034. The Bank’s scheduled engagement milestone is 30 October 2026. Interested service providers were asked to send an expression of interest by email, including company and parent-company details, contact information and Cyber Essentials certificates. Providers passing this initial qualification are expected to receive a non-disclosure agreement before being invited to the engagement event.

This will suit suppliers that develop, implement or support financial crime transaction monitoring and screening systems for complex banking environments. Relevant capability includes monitoring customer activity across payment and messaging channels, detecting anomalous behaviour, supporting fraud prevention, sanctions screening and AML/CTF compliance, and providing investigation and case-management functions. Suppliers should be able to explain both established and emerging solutions and the deployment approaches available to a central bank serving domestic and international customers, government entities and systemically important financial institutions. The engagement requires company and UK parent-company details, contact information and evidence of Cyber Essentials certification before further participation. Successful pre-qualification is expected to lead to an NDA and then an invitation to the market engagement event, allowing suppliers to shape and prepare for a possible future procurement.

How relevant is this notice?

Notice Information

Notice Title

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

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.

Planning Information

The Bank of England (Authority) would like Service Providers to express their interest in premarket engagement before 3pm on 01 Sep 2026 by sending an email to Technology.contracts@bankofengland.co.uk . Please title your e--mail " Financial Crime Transaction Monitoring Systems Market Engagement Request for Information (CD2430)". Please include the following detail in your message: - - Quoting Reference - Financial Crime Transaction Monitoring Systems Market Engagement Request for Information (CD2430) - - Full name - Company/organisation name/ parent company detail - Contact details (E-mail and phone number) - Cyber essential certificates Please also state you Organisation ID if you have an existing Oracle account with the Bank of England. The Authority is entitled to exclude you from consideration if you fail to provide information on any of the following: - Company/organisation name/ UK parent company detail - Cyber essential certificate The information provided will be taken into account by the Authority in considering whether or not you will be able to proceed any further in respect of this procurement exercise. Once you pass the pre-defined qualification (company details and cyber essential certificate), we will release a Non-Disclosure Agreement (NDA) to sign. Once fully completed, an invitation to the premarket engagement event will be released. This Notice is for information only. The information contained in this notice, including information relating to the nature and scope of the requirements, the estimated value, the service classification of this requirement and the list of CPV codes, is only indicative of current thinking and is neither exhaustive nor binding and the Authority reserves the right at its absolute discretion to amend it at the time of issue of any further notices or at any other time. The publication of this notice in no way obliges the Authority to commence any competitive tender process. The Authority is not and shall not be liable for any costs incurred by those expressing an interest in participating in this premarket engagement exercise.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e595
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/083738-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

CPV Codes

48000000 - Software package and information systems

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

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Sep 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2029 - 31 Dec 2034 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
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
EC2R 8AH
Postcode Area
Central 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
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

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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