Pension regulator invites bids for tech transformation project
- July 14, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Pension regulator invites bids for tech transformation project
Subject :Economy
Section: Capital market
In News: Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) has invited bids from technology firms to participate in the tendering process for PINTRA, the PFRDA intranet system.
Key Points:
- PINTRA is the first phase of the Authority’s Technology Architecture (TARCH) project, and the pension regulator is in the process of selecting a Systems Integrator (SI) vendor for this module.
- Going forward, PFRDA also proposes to roll out more technology modules under the TARCH project, including Website Revamp and Chat-bot; PFRDA Online Intermediary Supervision Engine (POISE), and the PFRDA Repository & Information Systems Management: Data and Analytics Platform (PRISM).
- India’s pension assets (NPS and APY) have been growing at a compounded annual growth of over 20 per cent in recent years, and its assets under management touched ₹9.8 lakh crore as of end-June 2023.
Pension Fund Regulatory and Development Authority
|