Aurionpro bags multi-million-dollar deal with Saudi Arabian bank

By Gloria Methri

Indian technology firm Aurionpro Solutions has secured a multi-million-dollar deal with a leading bank in Saudi Arabia. In its announcement, the company did not disclose the name of the bank but added that this is the bank’s first order for Aurionpro.

Following the announcement, Aurionpro Solutions shares climbed as much as 4.4% and logged an intraday high of INR 1,763.8 per share on the Bombay Stock Exchange. The company’s market capitalisation stood at INR 9,673 crore at the time.

“This win reinforces Aurionpro’s position in digital banking transformation with the iCashpro platform, designed to meet the needs of both conventional and Shariah-compliant banking systems,’ the announcement read. The bank chose Aurionpro’s next-generation cash management and transaction banking platform to deliver a seamless and contextual customer experience to its corporate clients.

The company said iCashpro+ was selected for its robust functionality, performance, and future-proof architecture. The platform boasts unparalleled flexibility, which facilitates swift customer onboarding and accelerates product launches. Enhanced by a high degree of automation through Arya.ai, iCashpro+ aims to elevate the customer experience. It delivers highly personalised and context-driven interactions, ensuring that each engagement is tailored to meet the specific needs and personas of its users.

As a strategic partner, Aurionpro will collaborate with the bank to enhance its corporate business offerings. iCashpro+ is equipped with advanced features such as AI-powered cash flow forecasting, virtual accounts, liquidity management, and receivables management. These advanced capabilities are designed to improve operational efficiency while delivering a superior customer experience.

Commenting on the win, Ashish Rai, CEO of Aurionpro, said, “We are thrilled to announce this win that extends Aurionpro’s reach in the strategic Saudi Arabian market, and further solidifies our position as the partner of choice for leading banks and financial institutions in the Middle East. With iCashpro+, the bank will gain access to one of the most advanced platforms in the market that includes AI-driven automation to offer a superior experience to its corporate clients.”