Aurionpro Solutions shares rose as much as 4.4 percent, reaching an intraday high of Rs 1,763.8 per share on the BSE. The shares were bought after the company obtained a multimillion-dollar deal to deliver its next-generation transaction banking technology to a major Saudi bank.
At 9:59 a.m., Aurionpro shares were up 3.78 percent to Rs 1,751.95 per share. In comparison, the BSE Sensex was down 0.03 percent at 81,583.73 at the same time. Aurionpro's market capitalisation stood at Rs 9,673.13 crore at the time.
According to the company's exchange registration, the transaction has been inked with a top bank in Saudi Arabia. The company did not reveal the name of the bank that awarded the deal, but stated that it is the bank's first order with Aurionpro. Aurionpro's cutting-edge transaction banking platform, iCashpro+, will meet the requirements of the client's business clientele.
"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," stated the business's application. According to the company, iCashpro+ provides personalized and context-driven interactions, ensuring that each engagement is suited to the individual demands and personas of its customers.
As a strategic partner, Aurionpro will work with the bank to expand its corporate business solutions. The company added that iCashpro+ has capabilities including AI-powered cash flow forecasting, virtual accounts, liquidity management, and receivables management. According to the company, these skills are intended to improve operational efficiency and provide a better client experience.
Aurionpro Solutions is an advanced technology solutions supplier specializing in banking, mobility, payments, and government. The company's integrated approach, known as Advanced and Accelerated Platform-led Transformation (ADAPT), combines multiple technology solutions to enable global enterprise transformation.
Aurionpro Solutions specializes in offering new products that improve operational efficiency and customer experience. The company frequently emphasizes topics such as digital transformation, cybersecurity, and cloud solutions. Aurionpro shares have increased by 143% over the last year, compared to a 23% increase in the BSE Sensex.
