Third Party Screening Solution

The Office of Inspector General, or a similar oversight entity designated as OIM, requires a comprehensive third-party screening solution to manage and monitor high volumes of entities and related parties. The agency is trying to solve the challenge of tracking continuous changes in sanctions, watchlists, regulatory or legal issues, adverse media, legal entity status, ownership, and financial distress. To address this, the requested solution must provide batch screening, continuous monitoring, and configurable alerts based on keywords, severity, and material risk events. The scope of work covers entity matching and deduplication to reduce false positives through name matching, alias handling, and record resolution. The agency requires dashboards for screening results, reporting and data export capabilities, and a case management workflow to document reviews, escalations, and audit trails. Additionally, the system must support API integration with Third Party Risk Management platforms, role-based access control, user training, implementation support, and ongoing technical support. Eligible bidders include global organizations worldwide, and the performance of the work will take place offsite. The agency is looking for budget proposals and has not signaled a specific funding limit. Bidders must submit their responses digitally via email or through an online portal, though the source does not specify key dates for the submission deadline.