SBI partners with Aurionpro for its transaction banking platform [Current Affairs]
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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.
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