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SBI selects ‘iCashpro+’ Aurionpro’s Cash Management & Transaction Banking Platform

By Gloria Mathias

March 13, 2024

  • Aurionpro
  • Banking technology
  • Cash Management
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Aurionpro, iCashpro+, Cash Management , Transaction Banking Platform, Fintech News, Fintech update, State Bank of   India, Banking Technology, India News, Fintech News, Fintech India, Aurionpro Solutions has announced a significant order win from the State Bank of India (SBI), India’s commercial bank, for the license, implementation, and support of iCashpro+, its next-gen cash management and transaction banking platform.

This highly prestigious win valued at close to INR 100 crore includes license and implementation, to be delivered in phases over 12 months, followed by maintenance and support for 6 years.

This win further reinforces iCashpro+’s industry position as the solution of choice for global banks looking to invest in a future-ready, transaction banking solution. Aurionpro’s iCashpro+ solution is built on modern cloud technology and a microservices-based architecture which incorporates the market features, rendering it highly configurable, parameterized, resilient, scalable, and agile.

This will seamlessly integrate with SBI’s core banking systems, Payments Hub, and a myriad of internal and external platforms. This integration will enable interoperability with ERP solutions, FinTechs, and open banking platforms, empowering SBI to meet evolving customer expectations and industry standards.

This pivotal collaboration with SBI highlights Aurionpro’s growing footprint in the Indian banking space and reinforces its commitment to empowering financial institutions with technology for a cognitive banking future.

Seeking to stay ahead of the curve in the rapidly changing financial landscape, the bank strategically selected iCashpro+ to upgrade its current Cash Management Product (CMP) platform and meet the changing needs of its business.

Commenting on this win, Ashish Rai, CEO of Aurionpro, said, “We take pride in being the technology partner of choice for the State Bank of India in their quest for digital transformation. Our state-of-the-art technology solutions combined with SBI’s vision will pave the way for a seamless and future-ready cash management system, delivering unparalleled value and convenience to customers.”

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments, and government sectors. It converges multiple technology solutions under a single umbrella, Advanced and Accelerated Platform-led Transformation (ADAPT) to the ‘New Digital World’.

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