SOURCE: AurionPro

March 03, 2009 09:00 ET

Development Credit Bank Partners With AurionPro to Implement Sophisticated Cash Management System

MUMBAI, INDIA--(Marketwire - March 3, 2009) - AurionPro Solutions Ltd., a leading service provider of financial solutions for banks and financial institutions, today announced that its cash management solutions are being deployed by Development Credit Bank (DCB), a leader in corporate banking.

DCB, headquartered in Mumbai, is using components of AurionPro's iCashPro, a Web-based, comprehensive corporate cash management solution, to enhance its competitiveness in the corporate banking arena.

"As a leading bank, DCB aims to provide best-of-the-breed technology products and services to its customers and to have a competitive edge over its competitors in the market," said Mohammed Ansari, Head of DCB's Cash Management Services, Corporate & Business Banking Group.

AurionPro's PayPro and DivPro products enable DCB to offer automated, flexible and scalable cash management services to its clients. PayPro is a payment processing system that handles all types of paper-based and electronic transactions, including SWIFT; DivPro provides high volume dividend and interest payment services.

"Customer acquisition and customer delight is our goal. DCB has selected AurionPro's iCashPro cash management system for its flexibility and customisation to fulfill our aim," said Pravin Batra, EVP and Head-Corporate Business Banking Group, DCB.

Utilizing AurionPro's cash management expertise, DCB is well positioned to develop unique and customized cash management services for its customers. AurionPro solutions are helping DCB to centralize its payments and dividend collections processing for its customers, including salary payments, invoice payments, dividend, warrant payments, etc.

About Development Credit Bank

DCB is a private sector bank providing its customers access to over 30,000 ATMs and 80 state-of-the-art branches spread over ten states and two union territories. The Bank has recently launched several value added initiatives and intends to become one of the country's preferred and profitable private sector banks, providing a comprehensive suite of "best in class" products for specific market segments in chosen geographies. DCB has initiated a liability and select asset product led strategy, through a mix of owned and outsourced products and multi-channel capabilities.

About AurionPro

AurionPro Solutions Ltd. (INDIA: AURIONPRO) (BOMBAY: 532668) is headquartered in Mumbai and delivers sophisticated solutions that help companies accelerate and automate their operations. Since 1997, the company has created and delivered comprehensive solutions to streamline corporate banking, treasury, risk management, governance and compliance, and more. In the U.S., the company provides offshore product development and outsourcing services, backed by a global workforce steeped in experience in the banking, payments and financial services markets. For more information, visit www.aurionpro.com.

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