Dilly Labs helps regulated financial institutions choose vendors and document why they chose them. Buyers define their requirements, find vendors, request proposals (RFPs), and compare the responses. Vendors use the same platform to submit their answers.
What we built
- Tools to compare vendors against business, technical, compliance, and budget requirements
- RFP forms that collect vendor answers in a consistent format
- AI assistance with gathering requirements, matching vendors, and making recommendations
- A marketplace and directory of fintech vendors
- Automation from defining requirements and finding vendors through to evaluating proposals and recording decisions
Comparing vendors
Financial institutions gather requirements from their teams and match them against a selected vendor catalog. They send RFP questions based on those requirements and score the responses using the same criteria.
The platform keeps a record of each decision and its reasons. Teams can refer to it when answering questions from colleagues, the board, or regulators.
Responding to proposals
Vendors can see what buyers need and answer their questions in a structured form. This helps buyers compare proposals and gives vendors a clear way to explain how they meet the requirements.
