Aurionpro Solutions bags prestigious order from a leading bank in Singapore; stock up 1%

The Order is valued in excess of Rs20cr, the implementation will be completed in various milestones upto February 2020.

Mar 22, 2019 09:03 IST India Infoline News Service

Aurionpro Solutions
Aurionpro Solutions Ltd, leading global IT solutions provider has announced that its subsidiary in Singapore has won a prestigious project, in Banking and Fintech space, from one of the largest banks in Singapore, having significant operations in Southeast Asia including in key markets of Malaysia and China.
 
lntegro Technologies Pte Ltd (a wholly owned subsidiary of Aurionpro Solutions Ltd) has been awarded a contract by the said bank for the extension of REACH CUMS platform, its Loan Origination System Product Suite, to its network across more than 10 countries including Malaysia and China. The Order is valued in excess of Rs20cr, the implementation will be completed in various milestones up to February 2020.
 
Shekhar Mullatti, EVP, Head- Banking, announcing the order win said that "We are delighted to be the chosen partner for such a prestigious and globally respected bank. This solution will expand and strengthen the bank's Collateral and Risk Management processes across their sizeable network in ASEAN countries and even beyond. We are confident that this will accelerate the digital journey of our customers & will further consolidate our leadership position in Asia".

Aurionpro Solutions Ltd is currently trading at Rs144.05 up by Rs1.9 or 1.34% from its previous closing of Rs142.15 on the BSE.
The scrip opened at Rs142.60 and has touched a high and low of Rs147.70 and Rs142 respectively. So far 46,510 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs335.99cr.

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