Development Credit Bank Partners with Aurionpro to Implement Sophisticated Cash Management System

PRLog (Press Release) - Jan 20, 2009 -
Mumbai, India,  -
Aurionpro Solutions, a leading service provider of financial solutions for banks and financial institutions, today announced that it has acquired the esteemed partnership of Development Credit Bank (DCB), a leader in corporate banking solutions, to empower DCB in its cash management system. DCB has gone live with two of Aurionpro’s products, payPro, and divPro to offer automated, flexible yet scalable cash management system to its clients.

Aurionpro’s cash management system has many significant enhancements attached to it; its web-based, corporate cash management solution is a comprehensive solution which will provide DCB with all the indispensable features that are needed to effectively compete in the corporate banking arena. It helps DCB to centralize its payments and dividend collections processing for its customers, including salary payments, invoice payments, dividend, warrant payments, etc.
DCB with the help of Aurionpro is well positioned to develop unique and diverse cash management services for its customers. "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.
Aurionpro’s cash management services are most advanced in terms of technology. Its tech-savvy nature reflects what a bank needs most to compete in the changing market times of today. DCB with the help of Aurionpro’s cash management solution and its  functionalities will be able to offer unique and customized solutions to customers.

“Customer acquisition and customer delight is our goal. DCB has selected Aurionpro’s iCashPro-cash management system for its flexibility and customisation to fulfil our aim” said Mr. Pravin Batra, EVP and Head -Corporate Business Banking Group, Development Credit Bank (DCB).

About AurionPro

AurionPro Solutions Ltd. (NSE: AURIONPRO, BSE: 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.

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.