Aurionpro Solutions stock jumps 4% as firm expands transaction banking platform in Saudi Arabia

Aurionpro Solutions stock has risen 145 percent in the past year.

Shares of Aurionpro Solutions Ltd jumped over 4 percent to reach an intraday high of Rs 1,764 in the afternoon on the BSE after the company announced it is launching its transaction banking platform in Saudi Arabia.

A multi-million dollar deal with a prominent Saudi bank, the company in a regulatory filing said, "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."

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The platform, iCashpro+, caters to both conventional and Shariah-compliant banking systems. According to the company, iCashpro+ was chosen for its robust functionality, top-tier performance, and future-proof design.

Aurionpro highlighted that iCashpro+ enhances customer interactions through high levels of automation, leveraging Arya.ai for personalized, context-driven experiences. The collaboration will also involve boosting the bank's corporate offerings.

The platform is equipped with advanced tools such as AI-powered cash flow forecasting, virtual accounts, liquidity, and receivables management—aiming to increase operational efficiency and elevate the user experience.

"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," Ashish Rai, CEO of the company, said in a press release statement.

Previously, on October 4, Aurionpro informed the exchanges that its Board of Directors would meet on October 21 to review and approve the company’s financial results for the quarter and six-month period ending September 2024.

In May, its subsidiary, subsidiary Aurionpro Transit announced a strategic collaboration with Fime to explore opportunities in transit ticketing, payments, and fare collection projects worldwide. Fime is a leading provider of consulting and testing services for payment systems.

At about 1:40 pm, shares of the company were trading at Rs 1,740, higher by 3 percent from the last close on the NSE. Aurionpro Solutions stock has risen  145 percent in the past year.

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