Aurionpro Solutions launches transaction banking platform in Saudi Arabia

11 Oct 2024 , 02:47 PM

Aurionpro Solutions Ltd shares rose over 4% to an intraday high of ₹1,763.8 on the BSE after the firm announced the launch of its transaction banking platform in Saudi Arabia.

Aurionpro Solutions informed the markets in a filing on October 11 that it secured a multi-million dollar transaction with a large Saudi bank. According to the firm, the new contract reinforces Aurionpro’s leadership in the digital banking sector with its iCashpro platform.

According to the company, the iCashpro platform is designed to suit the needs of both conventional and Shariah-compliant banking institutions. Aurionpro Solutions chose iCashpro+ for its reliable functionality, excellent performance, and future-proof architecture.

The business claims that iCashpro+ improves the client experience by utilising a high level of automation with Arya.ai. The platform provides customised and context-driven interactions.

As part of the collaboration, Aurionpro will work with the bank to expand its corporate business products.

Aurionpro’s iCashpro+ platform includes advanced capabilities like AI-powered cash flow forecasting, virtual accounts, liquidity management, and receivable management. These sophisticated capabilities are intended to improve operational efficiency while providing a superior client experience.

At around 2.25 PM, Aurionpro Solutions was trading 3.12% higher at ₹1,739.20, against the previous close of ₹1,686.35 on NSE. The counter touched an intraday high and low of ₹1,763.65, and ₹1,652.05, respectively.

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