-18.30 (-1.64%) Aurionpro Solutions has acquired Fintra Software to enhance its Transaction Banking offerings. The proposed transaction includes acquisition of 100% stake in Fintra including all the intellectual property rights and resources. This acquisition promises to deliver an integrated front-to-back solution for cash and trade management, strengthening the company’s transaction banking capabilities in the market.
The company's expertise in transaction banking solutions, combined with Fintra's strong backend capabilities in trade finance, creates a synergy that caters to the evolving needs of corporate banks. Fintra Software, an existing partner of Aurionpro, has its Trade Finance backend platform already integrated with the Aurionpro trade platform. This solution is being utilized by leading banks in India, Southeast Asia, and the Middle East.
This acquisition will help create the next generation of transaction banking platform by incorporating cutting-edge trade automation that leverages the Enterprise AI framework developed by Arya.ai, the AI focused subsidiary of Aurionpro Solutions.
Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.