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Aurionpro Solutions said it has entered into a multi-million dollar deal in digital banking transformation with a leading bank in Saudi Arabia.
The Saudi bank has chosen Aurionpro’s next-generation cash management and transaction banking platform, to provide a seamless and contextual customer experience for its corporate clients.
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As a strategic partner, Aurionpro will work with the bank to improve its commercial offerings.
iCashpro+, Aurionpros’ cash management and transaction banking platform, is equipped with advanced features such as AI-based 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.
Ashish Rai, CEO of Aurionpro, said: “We are delighted to announce this victory which extends Aurionpro’s reach in the strategic Saudi Arabian market and further strengthens our position as the partner of choice for leading banks and financial institutions in the Middle East.
With iCashpro+, the bank will have access to one of the most advanced platforms on the market, which includes AI-driven automation to deliver a superior experience to its corporate clients.
Aurionpro Solutions is an advanced technology solutions company serving the needs of the banking, mobility, payments and government sectors.
The company’s consolidated net profit increased by 13.02 per cent to Rs 44.60 crore in Q1 FY25 compared to Rs 39.46 crore posted in Q4 FY24. rose 5.97% to Rs 261.62 crore, compared to Rs 246.87 crore posted in Q4FY24.
The scrip had advanced 3.09% to end at Rs 1740.30 on the BSE today.
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First publication: October 11, 2024 | 4:43 p.m. STI