SBI partners with Aurionpro for its transaction banking platform

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Aurionpro Solutions has clinched a significant deal with the State Bank of India (SBI) for the license, implementation, and support of its cutting-edge cash management and transaction banking platform, iCashpro+. Valued at nearly Rs 100 crore, this prestigious contract entails phased delivery of license and implementation over 12 months, followed by a 6-year maintenance and support period.

License and Implementation:

Valued at close to Rs 100 crore.
Delivery to be executed in phases over 12 months.
Implementation tailored to seamlessly integrate with SBI’s core banking systems, Payments Hub, and various internal and external platforms.

Maintenance and Support:

6-year period of maintenance and support following implementation.
Ensures ongoing reliability and functionality of the iCashpro+ platform.
Swift resolution of any issues or challenges that may arise during operation.

Technology and Architecture:

Built on modern cloud technology and a microservices-based architecture.
Incorporates the latest market features for enhanced functionality.
Highly configurable, parameterized, resilient, scalable, and agile.

Integration and Interoperability:

Seamless integration with SBI’s existing infrastructure.
Enables interoperability with leading ERP solutions, fintechs, and open banking platforms.
Empowers SBI to meet evolving customer expectations and industry standards.