Mumbai: Tata Consultancy Services (TCS) has developed a new record keeping system for India's largest financial depository firm National Securities Depository (NSDL).
The new system will be the central record keeping agency for the central government's New Pension System (NPS), TCS said.
"In partnership with NSDL, we have built a pension record system in just six months that is capable of scaling up to meet the needs of this fast-growing economy," TCS CEO and Managing Director S Ramadorai said.
Referring to the new system, NSDL CEO Gagan Rai said that the new central records system for pensions was technologically advanced and will be able to meet the needs of users optimally.
TCS has undertaken the entire responsibility of the project as an end-to-end systems integrator, from conceptualisation of the solution to the development, implementation, deployment and administration of hardware and system software.
The company will also continue to support and maintain the central record keeping system as well as provide enhancements and ensure scalability as the number of records increases.
The new system has been built to ensure high availability with disaster recovery.
Security has been given primary importance in the system with role based access controls and public-key infrastructure-based solutions, TCS said.