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Wipro Infotech, the India and Middle East IT Business of Wipro Ltd , has won a turnkey project from the Financial Intelligence Unit - India, Ministry of Finance.As part of the project, Wipro will implement FINnet (Financial Intelligence Network) for the Financial Intelligence Unit.The scope of services includes development of portal, data warehousing, de-duplication, 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.
According to a press release, IT enablement of key processes would ensure substantially higher productivity, faster turn-around-time and effective monitoring in all areas of the units work.
The project assumes significance in light of growing economic crimes within the country and the Governments efforts to arrest it.
With this project, the Government intends to use technology to bring efficiency into analysis of data, added the release.
Mr Arun Goyal, Director, Financial Intelligence Unit 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 the units capabilities to collect financial information from various reporting entities, analyse it and disseminate actionable information to various law enforcement and intelligence agencies.”
Mr 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. We are confident this implementation will bring in more effective governance from both the economic and security point of view.”
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