Official UK procurement notice
Financial Crime Transaction Monitoring Systems Market Engagement Request for Information (CD2430)
Authority: BANK OF ENGLAND
What is being bought
Published requirement descriptionThe 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.
CPV: IT services: consulting, software development, Internet and support · Software package and information systems
The lotProcurement structure
single lot · no lot value publishedPipeline intelligence · planning stage: how this market runs before the tender is published
How BANK OF ENGLAND buys Software package and information systems (CPV 48), and who usually turns up
BANK OF ENGLAND’s published record next to the market for the same work. Frameworks and DPS are left out: they draw different bid counts. Whole-market view: Software package and information systems (CPV 48) →
How the contest usually goes
Winner shares use published awards; bid and price charts use contested lots.
i
How often small and medium firms win.
Share of awards where the winner’s size is known.
The counts under this question show how many awards have a known supplier size.
Small firms have won here. Neither number says whether you qualify; it describes who has been winning.
i
How often local firms win similar work.
Winners with a registered address in the delivery region, out of awards with a known address.
Local means the winner is registered in the region where that award was delivered.
A local branch does not count if the registered address is elsewhere.
Most of this buyer’s recorded winners were registered in the region where that award was delivered. More of this buyer’s work stays local than in this market: 83% against 28%, n=6.
i
How long buyers here take to decide after bids close.
Middle value in days from the bid deadline to the award date, on competitions that published both.
Only decided tenders count, so slow ones still waiting are not in.
Half of these awards have an award date within 62 days of the bid deadline.
i
How often work is awarded with no recorded rival.
Direct awards and tenders where every published lot count shows one bid.
Both shares are minimums: some awards have no bid count.
Thin markets produce this too; it is not proof of a tailored specification.
Direct awards or one recorded bid are common here. Check the route before spending time on a bid.
How many bids did past lots attract?
i
How many bids past lots received.
Each colour is a bid-count range. Only competed lots with a published count are included.
Past bids do not predict this tender.
1 bid20% / 15%
2–30% / 31%
4–660% / 32%
7+20% / 22%
How did awards compare with estimates?
i
Where winning prices landed against estimates.
Each colour shows awards below, close to or above the published estimate, one lot at a time.
Past prices are a guide, not a bid price.
Below estimate55%
Within ±2%25%
Above estimate20%
Assess each lot i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
Open a lot for its forecast, this buyer’s previous supplier and possible competitors, from published award history, not a bid list
Lot #1CPV 48Published estimate£5.0m
This lot lists more than one class in CPV 48. The comparison uses that group.
i
How many bids this lot may attract.
The forecast uses similar past competitions. The bar shows either that forecast or past bid counts; the line below says which.
Each lot shows its own forecast based on its own category; forecasts for different lots of the same notice are not comparative. The bar shows 379 past lots.
A forecast, not a list of bidders.
1 bid15%
2–331%
4–632%
7+22%
i
Where the award price may land.
The forecast uses similar awards and the buyer’s estimate. The band covers the middle half of likely prices.
No comparable awards for this lot yet.
A statistical guide from past awards, not a price to bid.
Who has supplied this buyer on similar work? i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
No earlier contract of this buyer matches this lot on the published record.
Who could compete for this lot? i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
Candidate suppliers for this notice have not been worked out yet, so this is not a verdict that nobody fits.
About this data
- Source. Official UK public procurement notices (Find a Tender), reused under the Open Government Licence v3.0. New notices arrive through the day; the figures are rebuilt nightly.
- Two views, kept apart. The authority’s own track record and the wider market for the same kind of work sit side by side and are never mixed. Where the local picture is too thin, a figure widens to a broader market and says which one it used.
- Forecasts are labelled. The price forecast and its range, possible competitors and the earlier-work matches are our estimates from past awards: not published facts, not win chances and not price advice. Official notices do not say who is bidding.
- Every figure shows what it rests on. Not every notice publishes a bid count, a value or a delivery region, so each figure carries the number of records behind it, and one built on few records is marked as such. The on a figure explains it; the counting rules are in the methodology. Spotted something wrong? Tell us.
Procedure terms & legal framework
From the official record- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Planned procurement
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 17 Aug 2026, 12:43 BST
- Last source update
- 15 Oct 2026, 09:34 BST
- FTS notice number
2026/S 000-097288- Latest notice
- Preliminary market engagement notice (UK2)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06e595Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
17 Aug 2026 → 1 Jan 2029 · 4 dates- Planning notice published70 days ago17 Aug 2026, 12:43 BST
- Market engagement32 days ago23 Sept 2026, 23:59 BST
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 [email protected] . 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. You will require to register to the Bank e-portal for this process.
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.
- Latest notice published11 days ago15 Oct 2026, 09:34 BST
- Today26 Oct 2026
- Contract starts1 Jan 2029
Notice history
3 events · 3 releases on Find a Tender · since 17 Aug 2026- Preliminary market engagement notice published17 Aug 2026, 12:43 BSTUK2
- Preliminary market engagement notice published4 Sept 2026, 09:29 BSTUK2
- Preliminary market engagement notice published15 Oct 2026, 09:34 BSTUK2
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications (3)
Official links; attachments are not copiedNotices published for this procedure
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender