Saudi Arabian bank selects Aurionpro for digital banking platform

Indian IT services and consulting firm Aurionpro Solutions has entered a multi-million-dollar deal with a Saudi Arabian bank to launch a transaction banking platform in Saudi Arabia.

The Saudi Arabian bank has chosen Aurionpro’s cash management and transaction banking platform, iCashpro+, to enhance its corporate banking services. The platform is expected to offer improved functionality, better performance, and future-proof architecture – enabling swift customer onboarding and faster product launches.

The platform, powered by advanced automation through Arya.ai, delivers a personalised and context-driven customer experience. By integrating artificial intelligence (AI)-driven solutions, iCashpro+ enhances corporate interactions, tailoring services to meet the unique needs and profiles of users. This collaboration is aimed at strengthening the bank’s corporate business offerings, with key features like AI-powered cash flow forecasting, virtual accounts, liquidity management, and receivables management.

Aurionpro's CEO, Ashish Rai, said, "With iCashpro+, the bank will gain access to one of the most advanced platforms in the market, offering AI-driven automation for a superior corporate client experience."

This deal comes after another collaboration by Aurionpro in Malaysia. On July 31, Aurionpro announced a $3 million contract with a Malaysian bank to modernise its corporate processes, including loan origination and credit risk management. The project will be implemented over a 15-month period.

In addition, Aurionpro is expanding its capabilities through acquisitions. In April, the company acquired Mumbai-based Banking and Insurance-focused Platform-as-a-Service (PaaS) startup Arya.ai for $16.5 million, gaining a majority stake in the company. This acquisition is expected to significantly enhance Aurionpro's portfolio, especially in AI-driven solutions for the banking and insurance sectors.