---
title: "2526-0056 Financial Risk Management Solution"
ocid: "ocds-h6vhtk-050e5e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-050e5e"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-050e5e.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-050e5e.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON BOROUGH OF ISLINGTON"
published: "2025-05-08"
---

# 2526-0056 Financial Risk Management Solution

Buyer: LONDON BOROUGH OF ISLINGTON  
Current stage: Award  
OCID: ocds-h6vhtk-050e5e

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-050e5e.json)

## Summary

The London Borough of Islington has successfully completed the procurement process for the contract titled "2526-0056 Financial Risk Management Solution." This procurement falls under the industry category of computer-related services, utilising AI and machine learning to scrutinise supplier and payment data before transactions. The contract was awarded to FISCAL TECHNOLOGIES LTD., based in Reading, UK, and covers various regions across the United Kingdom. As a direct procurement method below the threshold, the process was carried out without competition and is currently in the award stage. The contract commenced on 29th April 2025 and is set to complete on 29th April 2028, with a potential extension opportunity for up to one year.

This tender presents growth opportunities for businesses specialising in providing sophisticated technological solutions for financial risk management. Organisations proficient in data analytics, AI, and machine learning technologies would be well-positioned to compete in similar initiatives. Small to medium enterprises (SMEs) like FISCAL TECHNOLOGIES LTD. can harness such opportunities to expand their client base and contribute innovative solutions tailored to public sector needs. The project offers a gross contract value of £90,288, providing a significant revenue stream for the successful supplier. Furthermore, the possibility of contract renewal allows for continued partnership and service provision, reinforcing long-term business growth.

## Notice

Utilising AI and Machine Learning to forensically analyse payment and supplier data prior to payment

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/019575-2025 |
| 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 | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 May 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 28 Apr 2025 |
| Contract period | 28 Apr 2025 - 29 Apr 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £75,240 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF ISLINGTON |
| Locality | LONDON |
| Post town | North London |
| Postcode | N1 2UD |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | St Mary's & St James' |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | FISCAL TECHNOLOGIES |

## CPV Codes

### Divisions

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

### Codes

- 72500000 - Computer-related services

## Release History

- 8 May 2025 at 08:47 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/019575-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/019575-2025
  8th May 2025 - Contract details notice on Find a Tender

## Notice URLs

- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-050e5e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-050e5e.json.