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MoF's turnkey project goes to Wipro

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CIOL Bureau
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BANGALORE, INDIA:  Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a lprovider of IT and business transformation services announced that it has won a turnkey project from the Financial Intelligence Unit - India (FIU-IND), Ministry of Finance, Government of India. 

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As part of the project, Wipro will 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.

A press release claims that 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. We are confident that this implementation will bring in more effective governance from both the economic and security point of view.”