EPFO’s Unnecessary Obsession with CBS Raises Serious Concerns

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New Delhi [India], September 12: The Employees’ Provident Fund Organisation (EPFO) has raised eyebrows and serious concerns among experts by insisting on adopting Core Banking Solution (CBS)-based systems for upgrading its portal and overall operations, as stated in its recently released Expression of Interest (EoI). While EPFO’s primary goal is the effective management of social security schemes – including provident fund, pension, and deposit-linked insurance – the push for CBS…



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EPFO’s Unnecessary Obsession with CBS Raises Serious Concerns


New Delhi [India], September 12: The Employees’ Provident Fund Organisation (EPFO) has raised eyebrows and serious concerns among experts by insisting on adopting Core Banking Solution (CBS)-based systems for upgrading its portal and overall operations, as stated in its recently released Expression of Interest (EoI). While EPFO’s primary goal is the effective management of social security schemes – including provident fund, pension, and deposit-linked insurance – the push for CBS…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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