Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) has secured a significant contract from the State Bank of India (SBI), India’s largest commercial bank, to license, implement, and support iCashpro+. This next-gen cash management and transaction banking platform, valued at nearly INR 100 Crores, will be delivered in phases over 12 months, with maintenance and support for 6 years. This achievement underscores iCashpro+’s leading position as the preferred choice for global banks seeking a future-ready transaction banking solution.
Built on modern cloud technology and a microservices-based architecture, Aurionpro’s iCashpro+ is highly configurable, parameterized, resilient, scalable, and agile. It will seamlessly integrate with SBI’s core banking systems, Payments Hub, and various internal and external platforms, enabling interoperability with leading ERP solutions, fintechs, and open banking platforms. This collaboration with SBI highlights Aurionpro’s growing presence in the Indian banking sector and its commitment to providing cutting-edge technology for a cognitive banking future.
In response to the rapidly changing financial landscape, SBI strategically selected iCashpro+ to upgrade its current Cash Management Product (CMP) platform and meet evolving business needs. Ashish Rai, CEO of Aurionpro, expressed pride in being SBI’s technology partner of choice for their digital transformation journey. He emphasized that their state-of-the-art technology solutions, combined with SBI’s vision, will pave the way for a seamless and future-ready Cash Management System, delivering unparalleled value and convenience to customers.