Enterprise Fraud and Financial Crime Tooling

The British Business Bank Plc is seeking a mature, commercially established Fraud and Financial Crime (FFC) solution from a single supplier. The bank has a strong preference for a configurable Software as a Service (SaaS) model over bespoke development to support risk-based FFC operations for customers, suppliers, and related parties. The required capability must manage the full lifecycle of work—including creation, assignment, tracking, review, and closure—through controlled workflows while maintaining a defensible record of evidence and decisions. Key technical requirements include secure integration with internal identity-verification and reporting systems, as well as external specialist screening and company-data providers, ensuring strict data lineage and source-to-decision traceability. The contract is valued at 3,800,000 GBP excluding VAT, with an initial performance period from May 11, 2027, to May 10, 2035, and potential extensions through May 10, 2037. This procurement is particularly suitable for small and medium-sized enterprises and follows a competitive flexible procedure. Award evaluation is weighted across quality (50%), price (20%), demonstrations (20%), and social value (10%). Proposals must be submitted in English via the Delta E Sourcing Portal by December 17, 2026, and will be evaluated in two stages: a procurement-specific questionnaire and request for information, followed by system demonstrations.