PFRDA Seeks Bids for System Integrator for TRACE

Pension Fund Regulatory and Development Authority (PFRDA) Initiates Bidding Process for System Integrator for PFRDA-TRACE

The Pension Fund Regulatory and Development Authority (PFRDA) has opened the bidding process for selecting a System Integrator (SI) as part of the Technology Architecture (TARCH) project, specifically for the PFRDA-TRACE module.

PFRDA-TRACE, an acronym for Tracking Reporting Analytics & Compliance e-platform, is poised to become a comprehensive tool facilitating the submission of regulatory and supervisory compliance reports by intermediaries. It will also serve the purpose of sharing reports and data with PFRDA, monitoring functions, establishing a workflow for PFRDA departments to review and track submissions, facilitating communication of observations and remarks, and incorporating a validation process for reports and data submitted by intermediaries.

This initiative represents the second phase of the TARCH project, with PFRDA actively seeking an SI vendor exclusively for the PFRDA-TRACE module. The chosen System Integrator will undertake the responsibility of studying existing processes, proposing enhanced workflows, and providing design, development, customization, implementation, and maintenance services for PFRDA-TRACE.

The successful bidder is expected to play a pivotal role in PFRDA's ongoing digital transformation journey. The deadline for the submission of bids is set for March 11, indicating the authority's commitment to advancing its technological infrastructure and capabilities.

HBL