Entity information database

The objective is to procure an entity information database in order to comply entity identification requirements set in the anti-money laundering regulations. We seek to purchase a database containing solely information from reliable sources in order to identify entity customer and its ownership (incl. beneficial owners). The entity information database to be acquired must not use data from Dun & Bradstreet as its background data source, because we already have a database in use that is based on Dun & Bradstreet. At Finnvera, we have recognized the need to identify companies from two separate data sources by cross-checking data. Therefore, we are in this invitation to tender purchasing separate database to enhance our data resources. The procured database is used internally to process and utilize data in support of organizational decision-making. Entity information volume will be approximately 2000 company searches per year. The procured database must be an externally provided, license-based service.Main features of the procedureThe procurement follows the Act on Public Procurement and Concession Contracts (1397/2016, Procurement Act). An open procedure is used in this procurement. All suppliers who are interested and meet the requirements can participate by submitting an offer. 1. Publication of the procurement announcement: An announcement is published about the object of the procurement, the requirements, the eligibility conditions and the time limits related to the submission of the offer. 2. Offer according to the request for tenders: Tenderers must submit their offers in accordance with the instructions given in the request for tenders. 3. Opening of tenders and evaluation of eligibility: After the deadline, the procurement unit opens the tenders and checks whether the tenderers meet the requirements. 4. Comparison of offers: The comparison of offers that meet the eligibility criteria is performed based on the selection criteria defined in the request for tenders. 5. Procurement decision: After evaluating and comparing the offers, the procurement unit makes a procurement decision. 6. Notification of the procurement decision: All participating tenderers will be notified of the procurement decision in writing. 7. Conclusion of the contract: After the procurement decision has become legally binding, the procurement unit enters into a contract with the selected supplier. Tenderers are not compensated for making, presenting, or otherwise participating in the procedure.