Aurionpro Solutions Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Aurionpro Solutions announced a significant multi-million-dollar win, following its recent success in the Asian market. This new project entails delivering iCashpro+, its comprehensive Transaction Banking Solution, for a leading bank across multiple countries in South Asia. This is set to enhance the overall customer experience for the bank's corporate clients, further solidifying Aurionpro's leadership in providing innovative and robust digital banking platforms.

By delivering iCashpro+ to another prominent bank in the Asian markets, Aurionpro consolidates its position in the market as a preferred technology provider with capabilities to deliver advanced fintech innovations such as AI-powered analytics and sophisticated digital banking solutions.

Aurionpro's iCashpro+ offers advanced cash management features such as digital payments, virtual accounts, and liquidity management, enabling transaction efficiency and providing real-time insights into liquidity and payment flows. By implementing an innovative cash management system, the bank simplifies complex transactions while gaining instant visibility, keeping it at the forefront of digital banking innovation to meet its corporate clients' evolving needs.

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Net profit of Aurionpro Solutions rose 36.04% to Rs 45.07 crore in the quarter ended September 2024 as against Rs 33.13 crore during the previous quarter ended September 2023. Sales rose 31.79% to Rs 278.28 crore in the quarter ended September 2024 as against Rs 211.15 crore during the previous quarter ended September 2023.

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The Saudi Arabian bank has chosen Aurionpro's next-generation cash management and transaction banking platform, to deliver a seamless and contextual customer experience to its corporate clients.

As a strategic partner, Aurionpro will collaborate with the bank to enhance their corporate business offerings.

iCashpro+, Aurionpro’s cash management and transaction banking platform, is equipped with advanced features such as AI-powered 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 thrilled to announce this win that extends Aurionpro's reach in the strategic Saudi Arabian market and further solidifies our position as the partner of choice for leading banks and financial institutions in the Middle East.

With iCashpro+, the bank will gain access to one of the most advanced platforms in the market that includes AI-driven automation to offer a superior experience to its corporate clients.”

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.

The company’s consolidated net profit increased 13.02% to Rs 44.60 crore in Q1 FY25 as compared with Rs 39.46 crore posted in Q4 FY24. Revenue from operations rose 5.97% to Rs 261.62 crore as compared with Rs 246.87 crore posted in Q4 FY24.

The scrip had advanced 3.09% to end at Rs 1740.30 on the BSE today.

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Aurionpro Solutions announced a multi-million dollar deal with a leading bank in Saudi Arabia. This win reinforces Aurionpro's leadership in digital banking transformation with the cutting-edge iCashpro platform, designed to meet the needs of both conventional and Shariah-compliant banking systems. The bank has chosen Aurionpro's next-generation cash management and transaction banking platform, to deliver a seamless and contextual customer experience to its corporate clients.

iCashpro+ was selected for its robust functionality, superior performance, and future-proof architecture. The platform stands out for its unparalleled flexibility, which facilitates swift customer onboarding and accelerates product launches. Enhanced by a high degree of automation through Arya.ai, iCashpro+ significantly elevates the customer experience. It delivers highly personalized and context-driven interactions, ensuring that each engagement is tailored to meet the specific needs and personas of its users.

As a strategic partner, Aurionpro will collaborate with the bank to enhance their corporate business offerings. iCashpro+ is equipped with advanced features such as AI-powered 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.

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