Aurionpro Solutions, a Mumbai-based tech and solutions company saw its fortunes surge at Dalal Street in the intraday trade on Wednesday, December 11. This came to pass after the company managed to bag a major contract in Saudi Arabia.
Aurionpro Bags Major Deal
The company informed investors about the development through an exchange filing published on December 11.
AurionPro announced an order win with one of the largest banks in the Saudi Arabia (KSA). As per the exchange filing, this contract has been signed with the Indian company to modernize corporate banking technology using Aurionpro’s global transaction banking platform “iCashpro+”.
In addition, the company added that this collaboration aims to streamline the bank's operations and elevate its digital offerings, thereby driving innovation and strengthening customer relationships.
The company did not however, mention the name of the bank in question.
Aurionpro Shares Jump
When we look at the company shares, they prospered in the trading day on Wedneday. The company shares started the day's trade on Rs 1,715.45 per share, after closing at Rs 1,707.85 per share.
After hovering at the low of Rs 1,715.45 per share, it zoomed to Rs 1,808.05 per share after a cumulative rise of 5.87 per cent or Rs 100.30. In fact, over the past 5 trading sessions, teh company shares have jumped by over 4 per cent in value.
Innovation In Focus
Commenting on the deal, the company's EVP Sales, Sandeep Chiber said, "We are thrilled to partner with this prestigious bank in the KSA, reinforcing our intent to become a key player in the region’s financial technology landscape. Our cutting-edge transaction banking platform, iCashpro+ delivers the most advanced functionality available today, including AI-driven automation, thereby enabling banks to offer a superior experience to their customers."
Sandeep Chiber |
Chiber further added, "Aurionpro stands at the forefront of innovation, where software, products, platforms, and hardware converge to deliver comprehensive solutions. This distinction sets us apart as a global leader in products and platforms, with a singular mission to empower our customers with end-to-end excellence.”
