Shares of Aurionpro Solutions Ltd. gained more than 3% in morning trade on Thursday, October 24, after the company announced it had won a major multi-million-dollar contract from a leading bank for corporate banking services in South Asia.
In a filing to the stock exchanges, Aurionpro said that it will deliver its advanced transaction banking solution, iCashpro+, to a leading bank operating in multiple South Asian countries.
This deal, following Aurionpro’s recent successes in the Asian market, further strengthens the company’s position as a preferred technology provider for advanced digital banking platforms.
Aurionpro Solutions informed the bourses that the implementation of iCashpro+ will enhance corporate banking services by streamlining digital payments, virtual accounts, and liquidity management for the bank’s clients.
The iCashpro+ platform, equipped with AI-powered analytics and real-time insights, aims to simplify complex cash management processes, providing the bank with enhanced visibility and operational efficiency, Aurionpro Solutions said in a release.
Aurionpro’s innovative solutions align with the evolving needs of corporate clients, helping banks maintain leadership in the competitive financial services landscape.
“We are thrilled to announce this significant win, which reaffirms the strength and sophistication of our cutting-edge solutions. This achievement strengthens our standing as a trusted partner for banks and underscores our commitment to driving innovation and excellence for our clients,” said Poonam Puthran, EVP and Global Practice Head (Banking) at Aurionpro.
The deal marks another milestone for Aurionpro as it continues to consolidate its presence across Asian markets with a focus on advanced fintech solutions.
Aurionpro Solutions specialises in banking, mobility, payments, insurance, and government technology solutions. With over 2,500 professionals, the company leverages enterprise AI to deliver tailored services that help clients achieve their strategic goals.
Earlier this week, Group CEO Ashish Rai in an interview with CNBC-TV18 said that Aurionpro Solutions is eyeing Europe as its next expansion target. Rai added that the company’s banking business has been expanding at a rate of over 50%, driven by strong momentum in the Middle East and Southeast Asia.
He highlighted several recent order wins, including key projects in Saudi Arabia, and noted that Aurionpro continues to experience robust growth across the Middle East, Africa, and Southeast Asia.
Shares of Aurionpro Solutions rallied as much as 3.11% to hit an intraday high of ₹1,660 apiece on the BSE in morning trade on Thursday. However, the stock pared some of early gains to trade 0.75% higher at ₹1,621.85 apiece at 11:32 am.
Content retrieved from: https://www.cnbctv18.com/market/aurionpro-gains-3-pc-on-securing-multi-million-dollar-deal-for-corporate-banking-services-in-south-asia-19498228.htm.
