Aurionpro forays into Open Banking Space, acquires majority stake in Neo.Bnk, Singapore.

Deepthi | Myequity news | Date : 03-10-2018 11:00:00 IST

Aurionpro Solutions Pte Ltd., a wholly owned subsidiary of Aurionpro, has entered into an agreement for an all cash deal for the acquisition of majority stake (51 %) In Neo.Bnk Pte. Ltd., a Singapore based technology firm focused on developing micro services based open banking platform.

Commenting on the acquisition, Mr. Amit Sheth, Co-Chairman of Aurionpro said, "Neo.Bnk platform will allow Aurionpro to offer next generation platform to its customers based in over 25 countries as also help evolve the Aurionpro's loan, transaction banking and ACE platform into a next generation digital banking platform.”

He further added, "With open banking and Fintech-Bank collaboration becoming a reality, with regulatory mandate to banks to share their customer data not only In Europe/UK but in Asia and Australia and soon In North America, the open-banking platform is the technology which is starting to revolutionize banking, providing means for non-banking players to enter the realm of banking and enabling banks to create an innovative eco-system to collaborate and evolve to face the challenge of neo-challenger banks and fintechs."

About Aurionpro:

Aurionpro Solutions is a global technology solutions leader that helps enterprises accelerate their digital Innovation, securely and efficiently. It combines core domain expertise, thought leadership in Innovation, security and leverages industry leading IP to deliver tangible business results for global corporations. Employing more than 1,200 domain and technology experts across North America, Asia and Europe, Aurionpro caters to a host of clients across BFSI, Telecom and Logistics industry

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