Oct 01, 2008 (LBO) – E-Wis, a Sri Lankan information technology firm which has been picked to automate a pension fund of a state-managed private sector workers’ fund, says the new system will trim frauds and delays in processing member information.
Sri Lanka’s Employees Provident Fund (EPF), which is managed by a unit of the country’s central bank, is automating its documents and introducing a membership number based on the country’s national identity card (NIC) number.
Nirmal Pieris, general manager of the enterprise solutions division of E-WIS, says the new system uses a finger print identification programmed to pair with the NIC number similar to the social security system in developed countries.
Biometric systems can cut down frauds as fingertips cannot be duplicated.
Earlier the EPF office used a cumbersome filing system which could not track employee job changes automatically. This left some members with more than one account.
Pieris said the new system uses a person’s NIC number as the EPF member number which eliminates multiple accounts for one individual.
Though the EPF’s active accounts are