The India International Financial Services Centres Authority (IFSCA) has issued a request for proposal to appoint an IT solution provider to deliver a Digital Regulatory Reporting (DRR) system, as part of a broader Supervisory Technology (SupTech) platform for its regulated entities. The selected provider will be responsible for designing, developing, implementing, operating and maintaining the DRR solution. The SupTech system is intended to support IFSCA’s administrative, compliance, supervision and enforcement framework, with the stated aims of improving ease of doing business and reducing compliance costs for supervised entities.
India International Financial Services Centres Authority 2025-06-09
India International Financial Services Centres Authority issues RFP to procure a Digital Regulatory Reporting SupTech system
The India International Financial Services Centres Authority (IFSCA) has issued a request for proposal to appoint an IT solution provider for a Digital Regulatory Reporting system as part of a broader Supervisory Technology platform. The system aims to enhance IFSCA's administrative, compliance, supervision, and enforcement framework, improving business ease and reducing compliance costs for regulated entities.