<h1>Experts slam provident fund RFP for demanding 100 million-account CBS experience, calling requirement excessive and exclusionary</h1> A national provident fund's tender requiring Core Banking Solution (CBS) experience for portal modernization has drawn expert criticism for being excessive and misaligned with the fund's needs: the RFP demands vendors with experience managing 100 million deposit accounts despite the fund serving roughly 30 million consolidated accounts. Experts argue CBS features (loans, ATM/card networks, interbank messaging) are irrelevant, will raise costs and technical dependency, and exclude capable vendors; they recommend a modular ledger-based pension administration system integrated with government APIs instead. Participants at a pre-bid meeting flagged the exclusionary requirement, which the fund nonetheless retained.