From the Wires
Federal Bank Selects Aurionpro's Financial Supply Chain Management Platform to Provide Channel Financing Services to Their Corporate Customers
By: Marketwired .
Feb. 25, 2013 11:30 PM
MUMBAI, INDIA -- (Marketwire) -- 02/25/13 -- Aurionpro is proud to announce that Federal Bank has chosen its Financial Supply Chain Management system, fscmPro, after an exhaustive software selection process. Federal Bank is a leading private sector bank in India that is investing in technology solutions to provide leading edge services to its customers. fscmPro, a functional module of Aurionpro's iCashPro internet banking suite, will enable Federal Bank to offer online financing programs to their corporate customers' business partners.
Commenting on the product selection, Mr. Sunny KP, Federal Bank's Deputy General Manager, IT, commented, "We are very pleased to be associated with Aurionpro. Based on our evaluation of competitive solutions, we are anticipating that the fscmPro platform will enhance Federal Bank's services offered to our corporate customers." Mr. Antu Joseph, Deputy General Manager, National Head, SME Business, added, "Our team has plans to significantly scale up channel financing and we are confident that Aurionpro's system will fulfill our objectives in this area."
Ms. Kashmira Bhayani, President of Aurionpro's Banking and Financial Technologies business in South Asia, commented, "We are thrilled that our fscmPro solution has been selected by Federal Bank and we are looking forward to a close partnership that will help their team achieve their business goals."
Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a publicly-traded technology company that helps Fortune 1000 companies to be more efficient through domain-driven software and consulting offerings. Employing more than 1250 individuals across North America, Asia, and Europe, the company has been recognized by Deloitte, Forbes, and the 2011 FinTech 100 as one of the world's fastest growing technology companies. For more information, visit www.aurionpro.com.
About Federal Bank
Federal Bank is a leading private sector bank in India that offers a network of more than 1,000 branches and 1,100 ATMs across the country. Based in Kerala, the bank also has a representative office in Abu Dhabi that serves as a nerve center for NRI customers in the UAE. Federal Bank employs more than 10,000 employees and is one of the strongest and most stable banks in India, adopting best practices and cutting-edge technologies to provide industry-leading products and service levels to its customers. For more information, visit http://www.federalbank.co.in.
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