Aurionpro Solutions secures $3 million contract from Malaysian bank

In a filing to the stock exchanges, the technology solutions provider for the banking sector said that it has secured a major deal from a leading bank in Malaysia to modernise the lender’s corporate processes.

The company informed the bourses that the deal is valued at nearly $3 million and will be implemented over 15 months.

The bank has chosen Integro Technologies, a subsidiary of Aurionpro, to revamp its loan origination system using SmartLender, an advanced commercial loan origination solution.

After the announcement, shares of Aurionpro Solutions gained 3.06% on the NSE to hit an intraday high of ₹1,704 apiece. However, the stock pared its early gains and closed 2.61% lower at ₹1,610 apiece.

In the filing, Aurionpro Solutions informed the stock exchanges that the commercial credit risk platform, used by major banks in Asia, has earned Integro Technologies recognition as a category leader in the Chartis RiskTech Quadrant. The bank chose Aurionpro as its digital transformation partner because of the company’s strong local presence and expertise in commercial lending.

The bank hopes to speed processing times, streamline processes and automate all aspects of corporate loan origination with the deployment of the SmartLender service, the company said in a release.

In accordance with international sustainability guidelines, the SmartLender ESG module will incorporate environmental, social and governance factors into the financing process. For a smooth transition, the SmartCapture module will enable effective data capture and seamlessly integrate with existing systems.

Shekhar Mullatti, global head and president of the banking solution group at Aurionpro Solutions, said, “We are thrilled to collaborate with this leading Malaysian bank and propel their digital lending journey. Our SmartLender suite offers a holistic solution to automate workflows, enhance decision making, and achieve operational excellence.”