The multi-million dollar contract lately clinched by Aurionpro Solutions, an Indian ominicompetent IT services and consulting firm, is with a prominent Saudi bank to launch an innovative transaction banking system in Saudi Arabia.
To enhance its corporate banking services, the bank has opted for Aurionpro’s state of the art cash management and transaction banking platform, ichashpro+. Well known for its rich functional content, high performance, and ability to be protected from timeless design failure, ichashpro+ is strategically incubated to offer operational agility, enabling swift account opening as well as a shortened time for product development and release while broadening the scope of delivery channels in the transaction banking industry.
With sophisticated automation abilities provided by Arya.ai, iCashpro+ is highly contextual to each corporate client offering a unique experience. The use of AI tools fosters better engagement with corporate clients, as service delivery is made more individualized. This partnership will enhance the bank’s corporate business line, which includes AI-driven cash forecasting, virtual account, liquidity management and receivables management.
Aurionpro’s chief executive officer, Ashish Rai was glad regarding the agreement emphasising that ‘the bank will be able to offer to its corporate clients one of the most advanced iCashpro+ … the platform will work using the AI features and bring a new experience to the clients.’
This agreement comes soon after another important acquisition for Aurionpro in Malaysia. On July 31, the company announced winning about $3 million contract with a Malaysian bank to enhance its operational functions such as loan transactions and credit risk evaluation over the next 15 months.
Apart from organic growth, Aurionpro is also in the acquisition mode. Last month, the organization successfully acquired the majority stake of a Mumbai based Banking and Insurance focus Platform as a service (PaaS) start up Arya.ai for $16.5 million deal. Such an acquisition however threatens to put more pressure on Aurionpro’s growth through aggressive marketing of its products within the areas of banking and insurance.