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

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Mumbai : Aunonpro 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.

Started by Amit Sethi, Neo.Bnk has been working on futuristic platform that will help banks to transform their traditional technology architecture to an agile fintech-like architecture through a non-coding based, UI driven API management and orchestration platform. It is focused on making technology be driven by business teams/non-IT teams without having to go-through end-less IT team driven technology change management cycles. This wlll also migrate banks to microservices container framework and AI driven automation and security layer.

Neo.Bnk offers a single open banking platform which helps banks form an ecosystem with Fintechs and other partners at a rapid pace to harness new business models.

 

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