Aurionpro bags multi-year transaction banking deal from leading PSU bank

Aurionpro Solutions Ltd

has secured a multi-year transaction banking deal from a leading public sector bank, strengthening its position in the fast-growing digital cash management and corporate banking technology space, the company announced on Wednesday, December 17.

In an exchange filing, Aurionpro said the PSU bank has selected its iCashpro platform as the preferred transaction banking solution. The deal includes software licensing, implementation and a long-term annual maintenance contract (AMC), though the company did not disclose the financial value of the order.

Under the mandate, Aurionpro will help the PSU bank modernise its cash management infrastructure, covering payments, collections, liquidity management, virtual accounts, reconciliation, mandates and real-time reporting. The platform will also integrate escrow management capabilities through Fintra, a business added following Aurionpro’s recent acquisition.

The solution is powered by AurionAI, the company’s enterprise AI platform for banking, which provides analytics on transaction flows, customer behaviour, product usage and cash-flow forecasting. The system is designed to integrate with the bank’s core banking infrastructure and offer AI-driven recommendations based on transaction patterns and balances.

Industry watchers say such large PSU bank wins are major for mid-sized banking technology firms, as public sector lenders continue to invest in upgrading legacy systems amid rising competition from private banks and fintech-led platforms.

Ashish Rai, Group CEO of Aurionpro Solutions, said the deal reflects continued trust from large banks in the company’s AI-native transaction banking platforms and its ability to execute large-scale transformation programmes.

"We are pleased to work with one of the country’s oldest and most respected public sector banks," as India continues to shape the future of digital banking, he added.

Aurionpro Solutions operates across banking, payments, mobility and government technology segments and has been expanding its banking software footprint through a mix of organic development and acquisitions. In November, Rai had claimed that the company expects to sustain its strong growth momentum of about 32–33% CAGR since FY21, adding that this pace could help them reach ₹5,000 crore in revenue by FY30, which aligns with its long-term expansion and product development plans.

Shares of Aurionpro were trading 0.22% down at ₹1,114.80 on the NSE as of 10:45 am, down from its intraday highs of ₹1,157.80. The stock has gained 2.06% in the last one month.