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Pension regulator PFRDA has decided to fully digitise and automate its operations, which are now largely manual in nature.
Towards this end, the regulator has embarked on a Technology Architecture (TARCH) project, for which it has invited expression of interest (EoI) from IT vendors.
The TARCH project is envisioned to be a modular and Application Programming Interface-based platform.
The target technology architecture envisaged for PFRDA will comprise of four modules — website revamp and chatbot; PFRDA online intermediary supervision engine (POISE); PFRDA repository and information systems management: Data and Analytics Platform (PRISM) and PFRDA Intranet — internal digitalisation (PINTRA).
The EoI has been invited for design, development/customisation, implementation and maintenance services for PFRDA Technology Architecture (TARCH) project.
At present, the NIC cloud is being leveraged for hosting websites — pfrda.org.in and pensionsanchay.org.in and the e-office is hosted on NIC data centre. Also, PFRDA doesn’t store or have any digital access to the data of intermediaries.
Pension assets under management (AUM) currently stood at about ₹ 7.4-lakh crore and is on an average growing at 28-30 per cent every year.
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