Enterprise Fraud Risk Management Solution Implementation and Maintenance for Kerala State Cooperative Bank

Work Description - Rfp For Proposals For The Supply, Implementation And Maintenance Of A Centralized Enterprise Fraud Risk Management (efrm) Solution On Opex (saas) Model

The Kerala State Cooperative Bank Ltd., represented by the Chief Executive Officer at Head Office, Cobank Tower, Palayam, Thiruvananthapuram, is pleased to invite proposals through an open tender process for the Supply, Implementation, and Maintenance of a centralized Enterprise Fraud Risk Management (EFRM) Solution on an OPEX (SaaS) model. This Request for Proposal (RFP) represents a significant opportunity for experienced vendors to partner with a leading state government cooperative bank. The tender, identified by Reference Number KBIT/PMU/EFRM/088/2025-26 and Tender ID 2026_KSCB_842568_1, falls under the "Services" category, specifically "Miscellaneous Services." Key critical dates for participation include the commencement of document download and clarification on March 2, 2026, at 4:00 PM. Bids can be submitted starting April 30, 2026, at 9:00 AM, with the final submission deadline on August 19, 2026, at 4:00 PM. The bid opening is scheduled for August 21, 2026, at 4:00 PM. A mandatory pre-bid meeting will be held online on March 24, 2026, at 11:00 AM. The EFRM solution is sought to enhance the bank's risk management capabilities and will be procured on a 60-day work period, with a bid validity of 180 days. Prospective bidders are required to submit a three-cover bid, encompassing pre-qualification, technical, and financial proposals. An Earnest Money Deposit (EMD) of ₹25,00,000 is mandated, with a Tender Fee of ₹25,295 (including 18% GST) payable online. The form of contract is Item Rate, and withdrawals are permitted. Further details, including functional and technical requirements, compliance sheets, and financial proformas, are available within the tender documents, which can be downloaded from March 2, 2026, up to August 19, 2026, at 4:00 PM.