Family D · Running the organisation
MeshFin Procure
Procurement and third-party management
Sourcing and contracts run to policy; every material service provider assessed against the resilience and security requirements on schedule and from evidence; performance watched against the contract; and exits planned before they are needed.
MeshFin Procure (MF-24), the service for procurement and third-party management, is one of the twenty-four MeshFin services, in the "Running the organisation" family, which follows the BIAN Business Support business area. It covers the BIAN service domains Procurement, Partner Agreement, Partner Management, Partner Administration and Security Assurance in whole or in part. Sourcing and contracts run to policy; every material service provider assessed against the resilience and security requirements on schedule and from evidence; performance watched against the contract; and exits planned before they are needed. It replaces procurement tool, third-party register, service level spreadsheets and assessments by questionnaire. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Business Support business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Procure covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Procurement
- Partner Agreement
- Partner Management
- Partner Administration
- Security Assurance
What it replaces
- Procurement tool
- Third-party register
- Service level spreadsheets
- Assessments by questionnaire
What it reacts to
- Need raised
- Contract renewal approaching
- Supplier incident
- Material provider assessment due
- Concentration threshold reached
- Exit triggered
The agents that carry it
Sourcing agent
Runs the sourcing to policy, drafts the evaluation with the evidence and prepares the recommendation.
Contract agent
Drafts and tracks the contract, its obligations and its renewal dates, and raises each before it falls due.
Third-party risk agent
Assesses each material provider against the resilience and security requirements on the schedule, from evidence rather than questionnaires.
Performance agent
Monitors service levels against the contract and raises every breach with the remedy available.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Procure, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Award and material contract | Procurement delegate | Commits the institution |
| Classification as a material service provider | Accountable executive | Regulatory obligation |
| Exit of a material provider | Executive | Resilience |
Records it writes
Sourcing record · Contract · Provider assessment · Performance log
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Material providers
92
Assessed on schedule
71%
today, by questionnaire
Contracts renewed late
18%
today
Exit plans tested
none
today
Institutions: core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ●.
Questions banks ask about MeshFin Procure
- What does MeshFin Procure do?
- MeshFin Procure is the MeshFin service for procurement and third-party management. Sourcing and contracts run to policy; every material service provider assessed against the resilience and security requirements on schedule and from evidence; performance watched against the contract; and exits planned before they are needed. It reacts to events such as need raised, contract renewal approaching and supplier incident, and writes sourcing record, contract, provider assessment and performance log as records.
- Which BIAN service domains does MeshFin Procure cover?
- Procurement, Partner Agreement, Partner Management, Partner Administration and Security Assurance, in the BIAN Business Support business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Procure replace?
- Procurement tool, Third-party register, Service level spreadsheets and Assessments by questionnaire. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in procurement and third-party management?
- The sourcing agent runs the sourcing to policy, drafts the evaluation with the evidence and prepares the recommendation. The contract agent drafts and tracks the contract, its obligations and its renewal dates, and raises each before it falls due. The third-party risk agent assesses each material provider against the resilience and security requirements on the schedule, from evidence rather than questionnaires. The performance agent monitors service levels against the contract and raises every breach with the remedy available.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Procure, a person decides award and material contract (procurement delegate), classification as a material service provider (accountable executive) and exit of a material provider (executive). The record shows who decided, why, on what evidence and under which delegation.