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AwardedFind a Tender · award

CON-21-141 Cryptoasset Blockchain Analysis Platform

Buyer: Financial Conduct Authority →

BuyerFinancial Conduct Authority
StatusAwarded
DeadlineNot published
ValueValue not published
Published18 Jul 2022

What is being bought

On 10th January 2020 the FCA became the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for firms carrying out certain in scope cryptoasset activity in the UK. The FCA is required under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) to approve and register firms conducting in scope cryptoasset activities and ensure that these firms are effectively monitored to secure compliance with these regulations. As the supervisor of in scope cryptoasset activity in the UK, the FCA requires access to specialist services to support the analysis of cryptoasset blockchain data. The FCA is seeking the services of a third-party firm specializing in this area who can provide access to a platform that can support the robust and efficient analysis of cryptoasset blockchain data and provide training and ongoing support in the use of this platform.

Delivery location

UKI4

Categories

Financial information systems 48812000

Lot details

Lot 1

On 10th January 2020 the FCA became the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for firms carrying out certain in scope cryptoasset activity in the UK. The FCA is required under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) to approve and register firms conducting in scope cryptoasset activities and ensure that these firms are effectively monitored to secure compliance with these regulations. Under these regulations in scope cryptoasset firms are required to establish and maintain policies, controls and procedures to mitigate and manage effectively the risks of money laundering and terrorist financing. The FCA is required to secure that any application for registration meets the relevant requirements of the MLRs and effectively monitor firms for which it is the supervisory authority. The FCA must take necessary measures for the purpose of securing compliance by firms with the requirements of the regulations. Relevant persons who contravene the requirements of the MLRs may be guilty of an offence under regulation 86 and liable to summary conviction or indictment. A cryptoasset is a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically. One application of this distributed ledger technology is seen in the use of public blockchains which underpin popular cryptoassets such as bitcoin. For the purpose of this document the term cryptoasset blockchain data will refer to data that is recorded on the public distributed ledgers of cryptoassets. As the supervisor of in scope cryptoasset activity in the UK, the FCA requires access to specialist services to support the analysis of cryptoasset blockchain data. The FCA is seeking the services of a third-party firm specializing in this area who can provide access to a platform that can support the robust and efficient analysis of cryptoasset blockchain data and provide training and ongoing support in the use of this platform. The analysis of cryptoasset blockchain data is an essential aspect of the FCA toolkit when approaching its duties as supervisor of firms carrying out certain cryptoasset activity in the UK. The development of this capability is closely aligned with operational objectives of the FCA and has applications in the prevention of harm to consumers, in enhancing the integrity of the UK financial system and in promoting competition. The FCA seeks a blockchain analysis solution which enhances our capability to: - Perform analysis of cryptoasset blockchain data associated with in scope cryptoasset activity. - Identify and respond to risks identified through the analysis of cryptoasset blockchain data. - Use cryptoasset blockchain data to support the effective supervision of in scope cryptoasset activity, to support the development of intelligence and enforcement investigations as required. The scope of this procurement exercise is to secure a platform that provides: - The capability to visualize, review and export cryptoasset blockchain data to support FCA functions. - Applies robust analytical techniques to support the efficient review of cryptoasset blockchain data including clustering and the aggregation of blockchain data. - Provides data on attribution of cryptoasset addresses across a wide range of cryptoassets and blockchains. - Supports users of the platform with training and specialist support on an ongoing basis. Additional information: To respond to this opportunity please click here: https://fca.delta-esourcing.com/respond/35HK868YD8 This contract may be subject to extensions up to a further 24 months

Statuscancelled

Award criteria
Technical - Functional — 70
Non-Functional (Business related) — 5
Non-Functional (Technical) — 5
Total Cost of Ownership — 20

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 48. The category anchor is Financial information systems (48812000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 486,8371 median · 9.6 average (2,487 of 6,837 with a bid count)1.8 average (2,927 of 6,837 with named award suppliers)Not published
Same buyer206 median · 43.1 average (16 of 20 with a bid count)4.6 average (17 of 20 with named award suppliers)Not published
Delivery region: UKI41110 median · 19.3 average (7 of 11 with a bid count)8.7 average (7 of 11 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Cryptoasset Blockchain Analysis Platform

Statusactive

Contracts

Cryptoasset Blockchain Analysis Platform

Statusactive
Value£339,204

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-02f6c1
Latest release ID019505-2022
Latest release timestampMon Jul 18 2022 09:05:14 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categorygoods
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release2

Notice history

DateEventReference
18 Jul 2022award, contract019505-2022
15 Nov 2021tender028498-2021

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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Complete JSON history (2 releases)
18 Jul 2022 · 019505-2022 · award, contract
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15 Nov 2021 · 028498-2021 · tender
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      }
    ],
    "title": "CON-21-141 Cryptoasset Blockchain Analysis Platform",
    "value": {
      "amount": 500000,
      "currency": "GBP"
    },
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "bidOpening": {
      "date": "2021-12-16T12:00:00Z"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2021-12-16T12:00:00Z"
    },
    "description": "On 10th January 2020 the FCA became the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for firms carrying out certain in scope cryptoasset activity in the UK. The FCA is required under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) to approve and register firms conducting in scope cryptoasset activities and ensure that these firms are effectively monitored to secure compliance with these regulations.  \nAs the supervisor of in scope cryptoasset activity in the UK, the FCA requires access to specialist services to support the analysis of cryptoasset blockchain data. The FCA is seeking the services of a third-party firm specializing in this area who can provide access to a platform that can support the robust and efficient analysis of cryptoasset blockchain data and provide training and ongoing support in the use of this platform.",
    "tenderPeriod": {
      "endDate": "2021-12-16T12:00:00Z"
    },
    "hasRecurrence": false,
    "classification": {
      "id": "48812000",
      "scheme": "CPV",
      "description": "Financial information systems"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 120
      }
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "procurementMethod": "open",
    "mainProcurementCategory": "goods",
    "submissionMethodDetails": "https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-information-systems./35HK868YD8",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-3518",
      "name": "Financial Conduct Authority",
      "roles": [
        "buyer",
        "reviewBody"
      ],
      "address": {
        "region": "UKI4",
        "locality": "London",
        "postalCode": "E20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "12 Endeavour Square"
      },
      "details": {
        "url": "http://www.fca.org.uk",
        "classifications": [
          {
            "scheme": "TED_CA_TYPE",
            "description": "Financial Regulator"
          },
          {
            "scheme": "COFOG",
            "description": "Financial Regulation"
          }
        ]
      },
      "identifier": {
        "legalName": "Financial Conduct Authority"
      },
      "contactPoint": {
        "url": "https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-information-systems./35HK868YD8",
        "name": "Tim Mitchell",
        "email": "isprocurement@fca.org.uk",
        "telephone": "+44 2070661000"
      }
    }
  ],
  "language": "en",
  "description": "The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.\nFor more information about this opportunity, please visit the Delta eSourcing portal at: \nhttps://fca.delta-esourcing.com/tenders/UK-UK-London:-Financial-information-systems./35HK868YD8\nTo respond to this opportunity, please click here: \nhttps://fca.delta-esourcing.com/respond/35HK868YD8\n GO Reference: GO-20211115-PRO-19234921",
  "initiationType": "tender"
}