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Arab Bank for Investment and Foreign Trade, UAE selects Aurionpro's iCashpro+ to revamp its existing Corporate Internet Banking and Cash management platform

Posted On: 2020-11-24 22:48:11 (Time Zone: Arizona, USA)


Aurionpro Solutions Ltd (NSE: AURIONPRO) (BSE: 532668) today announced that Arab Bank for Investment & Foreign Trade ("Al Masraf") in UAE, has signed up with them to implement their iCashpro+ Corporate Internet banking & Cash Management suite to enhance Al Masraf's Corporate Banking services in the region. The scope of this implementation covers a robust Digital Corporate portal, Mobile app and other Cash & Trade modules for payments, Direct debit, Virtual Accounts, Trade initiation and Receivable Management services.

Aurionpro's Digital Corporate Internet Banking platform iCashpro+ will empower Al Masraf with a robust Corporate Banking platform which can not only facilitate the bank in creating personalized products for their Corporate & SME customers in quick turnaround time but also provide an intuitive & segment wise personalised portal for their customers to remotely monitor, transact and control their banking relationship across various services.

Mr. Charles Doghlass, Chief Business Officer, Al Masraf UAE said: "The selection of AURIONPRO for Transaction Banking / Cash Management is an important part of Al Masraf's Corporate digital transformation journey. With AURIONPRO, Al Masraf will be able to offer innovative and value-added services and solutions to our corporate clients. Considering the fact that a revamped Cash Management offering is a key part of our strategy, we evaluated multiple solutions and found iCashpro+ from AURIONPRO to be our solution of choice. The company's understanding of our strategic goals and their solution which meets our key objectives of flexibility, Straight-Through-Processing and user friendly digital offering helped in taking the decision."

Commenting on to this win Shekhar Mullatti, Global Head - Banking, AURIONPRO, said: "Al Masraf is one of the UAE's premier banking institution and their choice of iCashpro+ Corporate Digital Banking platform is yet another testimony of our rich expertise and experience in the Corporate banking solution space. Given the current situation, with limitation of onsite presence but over the last 8 months team AURIONPRO has been successfully delivering all the projects through remote execution model with support provided from the off-shore via various collaboration tool. We look forward to great synergy and superior outcomes."

Shares of AURIONPRO SOLUTIONS LTD. was last trading in BSE at Rs.75 as compared to the previous close of Rs. 73.3. The total number of shares traded during the day was 14751 in over 285 trades.

The stock hit an intraday high of Rs. 75 and intraday low of 70.05. The net turnover during the day was Rs. 1073011.


Source: Equity Bulls

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