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March 10,2010
BANGALORE:
IT services provider Wipro Infotech today announced
that it has won a turnkey project from theMinistry of Finance,
Government of India.
As part of the project, Wipro would implement FINnet (Financial Intelligence Network) for FIU-IND. The scope of services includes development of Portal, Datawarehousing, Deduplication, Analytical Application and ERP implementation at the Data Centre and Disaster Recovery site.
The project is scheduled to be completed in 24 months in different phases with a further service period of 36 months, said a press release.
Project FINnet would greatly enhance the efficiency and effectiveness in the FIU-IND’s core function of collection, analysis and dissemination of financial information. IT enablement of key processes would ensure substantially higher productivity, faster turn-around-time and effective monitoring in all areas of FIU-IND’s work.
The project assumes significance in the light of growing economic crimes within the country and the government’s efforts to arrest it. with this project, the government intends to use technology for bringing efficiency into analysis of data.
Arun Goyal, director FIU India, said “Wipro has been selected through an open and stringent bidding process. We are keen on timely implementation of the Project as it will significantly enhance FIU-IND’s capabilities to collect financial information from various reporting entities, analyse it and disseminate actionable information to various law enforcement and intelligence agencies.”
Ranbir Singh, Head, Government Vertical, Wipro Infotech said, “This is a very prestigious project for us and we are delighted to have been selected for it. Wipro understands the unique requirements of the government sector, having been part of several big projects in the government space over the past two decades. Further, our vast technology expertise, process excellence and global delivery model puts us in a unique position to offer the best possible solution.”
He added that they are confident that this implementation would bring in more effective governance from both the economic and security point of view.
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