SBI partners with Aurionpro for its transaction banking platform

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.