The Pension Fund Regulatory and Development Authority (PFRDA) has invited bids for the selection of a system integrator for the design, development, implementation and maintenance of the PFRDA-TRACE (Tracking Reporting Analytics & Compliance E-Platform) as part of a technology architecture project.
The last date for bid submission is March 11, 2024. PFRDA-TRACE will serve as a comprehensive tool for submitting regulatory and supervisory compliance reports by intermediaries, the national pension system regulator said.
The system will also help share reports and data with PFRDA, monitoring functions, facilitate a workflow for PFRDA departments to review and track submissions, enable communication of observations and remarks, and incorporate a validation process for reports and data submitted by intermediaries.
The system integrator will be responsible for studying the existing processes, proposing improved workflows, and providing design, development, customisation, implementation, and maintenance services for PFRDA-TRACE.