Aurionpro Solutions Ltd’s shares rose over 4% to reach an intraday high of Rs 1,763.65 on the NSE. The surge followed the company’s announcement of its transaction banking platform launch in Saudi Arabia.

In a filing on October 11, Aurionpro Solutions revealed that it secured a multi-million dollar deal with a leading bank in Saudi Arabia. The company emphasised that this new contract underscores its leadership in digital banking transformation through its iCashpro platform.

Aurionpro Solutions highlighted that the iCashpro platform is designed to cater to the requirements of both conventional and Shariah-compliant banking systems. The company stated that iCashpro+ was chosen for its robust functionality, superior performance, and future-proof architecture.

The company also mentioned that iCashpro+ enhances the customer experience through a high degree of automation using Arya.ai. The platform delivers personalised and context-driven interactions.

Aurionpro will collaborate with the bank to enhance its corporate business offerings as part of the partnership. The iCashpro+ platform offers advanced features such as AI-powered cash flow forecasting, virtual accounts, liquidity management, and receivables management to improve operational efficiency while delivering a superior customer experience.

In addition, on October 4, Aurionpro Solutions informed the exchanges that a meeting of the company’s Board of Directors will be held on Monday, October 21, to consider and approve the financial results for the quarter and six-month period ending September 2024.

Aurionpro Solutions Limited provides technology solutions for clients in the banking sector. The company serves a diverse clientele worldwide and has a team of over 2,400 professionals.

At 2:38 pm, shares of Aurionpro Solutions were trading 3% higher at Rs 1,734.60 on the NSE.

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