Aurionpro bags multi-year transaction banking deal from PSU bank

Mid-sized IT services firm Aurionpro Solutions on Wednesday said it has won a multi-year transaction banking contract from a leading public sector bank, bolstering its presence in the fast-growing digital cash management and corporate banking technology market. In a regulatory filing, the company, without disclosing the bank’s name, said the PSU bank has selected Aurionpro’s iCashpro platform as its preferred transaction banking solution. The deal covers software licensing, implementation and a long-term annual maintenance contract (AMC). Aurionpro did not disclose the financial value of the order.

As part of the mandate, Aurionpro will help modernise the bank’s cash management infrastructure, spanning payments, collections, liquidity management, virtual accounts, reconciliation, mandates and real-time reporting. The platform will also support escrow management through Fintra, a business Aurionpro added following a recent acquisition.

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

Industry executives say large PSU bank wins are significant for mid-sized banking technology firms, as public sector lenders accelerate investments to modernise legacy systems amid intensifying competition from private banks and fintech-led platforms.

Commenting on the deal, Ashish Rai, Group CEO of Aurionpro Solutions, said the win reflects growing confidence among large banks in the company’s AI-native transaction banking platforms and its ability to execute large-scale digital 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 said.

Aurionpro operates across banking, payments, mobility and government technology segments, and has been expanding its banking software portfolio through a mix of organic development and acquisitions. In November, Rai said the company expects to sustain a revenue growth trajectory of about 32–33% CAGR since FY21, adding that maintaining this pace could help it reach ₹5,000 crore in revenue by FY30, in line with its long-term expansion and product development strategy.