--- title: "Invitation to Tender for Fraud and Financial Crime Tooling" ocid: "ocds-h6vhtk-04c21f" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c21f" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c21f.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c21f.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "BRITISH BUSINESS BANK PLC" published: "2024-12-04" --- # Invitation to Tender for Fraud and Financial Crime Tooling Buyer: BRITISH BUSINESS BANK PLC Current stage: Tender OCID: ocds-h6vhtk-04c21f [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c21f) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04c21f.json) ## Summary The British Business Bank Plc (BBB), a public body headquartered in Sheffield, UK, has initiated a tender process for acquiring a Fraud and Financial Crime Tooling solution. This procurement falls under the 'services' category in the financial sector, specifically targeting 'Fraud audit services' and 'financial analysis software packages'. The tender, titled "Invitation to Tender for Fraud and Financial Crime Tooling", is currently active, with a submission deadline set for 8th January 2025. The process involves four lots: Onboarding and IDV, Workflow and CRA, Data, and Screening, each of which has specific quality, social value, and cost criteria for selection. The procurement method is an open procedure adhering to the legal basis 32014L0024, with a total contract value estimated at £1,800,000 GBP. The selected contract will span 1440 days with potential renewals as indicated in the tender documentation. This tender presents significant growth opportunities for small and medium enterprises (SMEs) specializing in fraud audit services and fraud and financial crime technology. Companies with expertise in financial analysis software and compliance technology solutions are well-suited to compete. Participation in this tender offers the chance to collaborate with a leading UK government-backed financial institution, enhancing reputation and expanding service portfolios. The focus on quality, social value, and cost emphasizes the importance of submissions that not only meet technical specifications but also contribute to broader economic and social goals. Interested bidders are encouraged to review the detailed selection criteria and prepare comprehensive proposals that highlight their capabilities in delivering cutting-edge fraud prevention and financial crime management solutions. ## Notice British Business Bank plc (British Business Bank or BBB) is seeking to appoint a provider of Fraud & Financial Crime Technology solution as described in the specification. ### Lot Information Lot 1 - Onboarding and IDV The full details for this Lot can be found within the tender documentation Renewal: will be re-procured close to end of contract term Lot 2 - Workflow and CRA The full details for this Lot can be found within the tender documentation Renewal: This will be re-procured close to the end of the contract term Lot - 3 Data The full details for this Lot can be found within the tender documentation Renewal: Will be re-procured close to the end of the contract Lot 4 Screening The full details for this Lot can be found within the tender documentation Renewal: Will be re-procured close to end of contract term ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/039042-2024 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 4 Dec 2024 | | Submission deadline | 8 Jan 2025 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Will be re-procured near the end of contract term | ## Values | Field | Value | | --- | --- | | Tender value | £1,800,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | BRITISH BUSINESS BANK PLC | | Locality | SHEFFIELD | | Post town | Sheffield | | Postcode | S1 2GQ | | Country | England | | ITL 1 | TLE Yorkshire and The Humber | | ITL 2 | TLE3 South Yorkshire | | ITL 3 | TLE32 Sheffield | | Local authority | Sheffield | | Electoral ward | City | | Westminster constituency | Sheffield Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 48 - Software package and information systems - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 48441000 - Financial analysis software package - 79212400 - Fraud audit services ## Release History - 4 Dec 2024 at 12:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/039042-2024 ## Notice URLs - http://british-business-bank.co.uk/ - https://www.british-business-bank.co.uk/ - https://www.delta-esourcing.com/respond/3454AH2X68 - https://www.delta-esourcing.com/tenders - https://www.delta-esourcing.com/tenders/UK-UK-Sheffield:-Fraud-audit-services./3454AH2X68 ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c21f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c21f.json.