Kerala Cooperative Bank Centralized EFRM SaaS Solution Implementation

The Kerala State Cooperative Bank Ltd, a leading State Government and UT organization, invites proposals through an Open Tender process for the Supply, Implementation, and Maintenance of a centralized Enterprise Fraud Risk Management (EFRM) Solution. This crucial system is sought on an OPEX (SaaS) model to bolster the bank's fraud detection and prevention mechanisms. The Request for Proposal (RFP), identified by Reference Number KBIT/PMU/EFRM/088/2025-26 and Tender ID 2026_KSCB_842568_1, was e-published and made available for download from March 2nd, 2026, at 04:00 PM. A pre-bid meeting will be held online on March 24th, 2026, at 11:00 AM to address queries. Prospective bidders can commence submitting their proposals from April 30th, 2026, at 09:00 AM. The deadline for document download and bid submission is July 17th, 2026, at 04:00 PM, with the bid opening scheduled for July 20th, 2026, at 04:00 PM in Thiruvananthapuram. A Tender Fee of ₹25,295 (inclusive of processing fees) and an Earnest Money Deposit (EMD) of ₹25,00,000 are mandated. This tender, categorized under Services and utilizing an Item Rate contract form, requires a three-cover submission comprising Pre-Qualification, Technical, and Financial bids. The successful bidder will be expected to complete the work within 60 days, with all bids remaining valid for 180 days from the opening date. The Bank seeks highly qualified and experienced service providers based in Kerala to deliver an effective EFRM solution.