Pension regulator invites bids for PINTRA, its intranet system

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Pensions regulator PFRDA has invited bids from technology companies to participate in the bidding process for PINTRA, and PFRDA Intranet system.

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) supplier for this unit.

The Pension Fund Regulatory and Development Authority (PFRDA) said the SI supplier will be responsible for studying existing processes, proposing workflow improvements, and providing design, development, customization, implementation and maintenance services for PINTRA.

According to the pension regulator, the winning bidder will play a pivotal role in the Authority’s digital transformation journey.

The deadline for submission of bids for SI selection is August 16, 2023.

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Going forward, PFRDA also proposes to roll out more technology modules under the TARCH project, including Website Revamp and Chat-bot; PFRDA Online Broker Stewardship Engine (POISE), PFRDA Repository and Management Information Systems: Data and Analytics Platform (PRISM).

These units will be dealt with for bidding at a later stage, and the Authority will announce separate tender processes for each unit.

India’s pension assets (NPS and APY) have grown at a compound annual growth rate of more than 20 percent in recent years and its assets under management stood at INR 9.8 crore as of the end of June 2023.