Published date: 29 March 2019

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 14 September 2018

Contract summary

Industry

  • Software package and information systems - 48000000

Location of contract

London

Value of contract

£307,000

Procurement reference

tender_166472/735592

Published date

29 March 2019

Closing date

14 September 2018

Contract start date

1 March 2019

Contract end date

28 February 2022

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Provision of a screening service to perform sanction screening. The solution will batch screen a payment transaction listing prior to the payment being issued against a prescribed list of sanction lists inc US, UK and UN sanctions lists.

The solution will:

- batch screen a transaction listing, returning the results in a batch file to update our CRM system,

- be configurable to allow filtering of potential matches based on pre-defined criteria,

- deal with incomplete data eg no DOB or incomplete address,

- allow enhanced due diligence eg providing beneficial ownership information for corporate entities,

- use an efficient screening algorithm that produces a low false positive rate,

- be able to handle fluctuating volumes up to a maximum of 2m payment records within tight SLA.

There will also be an optional service which is the provision of the first stage review of potential matches identifying and eliminating the false positives.

More information

Links

Additional text

This contract includes the option to extend by up-to two years from the date of the expiry of the initial term.

Award information

Awarded date

7 December 2018

Contract start date

1 March 2019

Contract end date

28 February 2022

Total value of contract

£307,000

This contract was awarded to 1 supplier.

LexisNexis Risk Solution UK

Address

1st Floor, 80 Moorbridge Road, Maidenhead, Berkshire, SL6 8BW

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

10th Floor, Beaufort House, 15 St Botolph Street
London
EC3A 7QU
England

Telephone

2073758175

Email

Chris.Sutherland@fscs.org.uk