Aurionpro Solutions announces strategic win with a leading UK-based financial institution
Aurionpro Solutions has announced its European market expansion through a strategic win with a leading UK-based financial institution. The partnership signifies a key milestone in Aurionpro's global expansion strategy, introducing its cutting-edge AI-native solutions from Arya.ai, to transform lending operations across Europe's competitive financial landscape.
This marks the first in a series of strategic Enterprise AI-native implementations Aurionpro is bringing to market through its Integro Lending Suite and Arya.ai capabilities. Aurionpro will deploy Arya.ai's intelligent credit assessment capabilities, thus replacing the institution's traditional systems with an AI-native solution. This implementation aims to simplify underwriting processes, reduce operational risk, and enable the institution to scale efficiently.
The institution operates in a highly competitive market and sought to leverage technology to accelerate its speed to market. Aurionpro addresses this by automating statement analysis, offering AI-generated credit summaries, and integrating fraud detection and assisted AI capabilities. The platform flags potential tampering in financial documents, thus enabling accurate, real-time decision-making.
The platform is designed to be extensible across multiple use cases in financial services, including trade finance, cash management, and underwriting, making it a future-ready investment. This deployment is especially significant as European financial institutions face mounting pressure to adopt straight-through processing (STP) and gain competitive edge through intelligent automation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
29 minutes ago
- Time of India
CK Hutchison's Panama Port subsidiary seeks legal protection amid contract dispute
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. A subsidiary of a Hong Kong conglomerate entangled in US-China tensions appealed on Friday for legal protection for businesses in Panama after the company's contract over its Panama Canal port assets has been faced with lawsuits in the Central American for the rule of law is essential to assure businesses that Panama is a safe place to invest in, Panama Ports Company , under Hong Kong-based CK Hutchison Holdings , said in a Comptroller General filed two lawsuits on Wednesday, seeking to declare unconstitutional a contract that granted the operation of ports at both ends of the canal to the Hong Kong subsidiary, and to nullify its renewal four years ago, saying it was "abusive" of Panama's turn, Panama Ports Company said its operations have had a positive impact, from building world-class ports to creating more than 25,000 direct and indirect jobs and contributing billions of balboas - Panama's currency - to the country's said it wants to work with the government in Panama for a better future."Regarding the ongoing legal actions, we firmly believe that respect for legal protection and the rule of law are essential in order to provide businesses and investors with the certainty that Panama is a safe country to invest in," it company operates the ports of Balboa, in the Pacific, and Cristobal, in the Atlantic, under a concession contract approved in 1997 and renewed in 2021 for 25 more years. CK Hutchison is controlled by the family of Li Ka-shing , the southern Chinese city's richest comptroller authority in April said that an audit of Panama Ports Company found irregularities in the renewal of the concession. But the company denied allegations that it had failed to pay about $1.2 billion to the Central American President Jose Raul Mulino said during his weekly news conference on Thursday that he fully supported the comptroller's case and would await the court's verdict."We have all seen what that contract has costed the Panamanian nation over time," Mulino said without elaborating. He alluded to some sort of public-private partnership for the ports, saying there was a lot of interest from private companies, but that it was in the early stages and provided no Hutchison Holdings' initial plan, announced in March, to sell its port assets in dozens of countries to a group that includes the US investment firm BlackRock Inc., also got caught up in tensions between Beijing and President Donald Trump, who has alleged that China interferes with the canal, initially welcomed that plan. However, it apparently angered Beijing and drew a review by Chinese anti-monopoly months of uncertainty, Hutchison said on Monday that it may seek a Chinese investor to join a consortium of buyers, which also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping initial deal, valued at nearly $23 billion, including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the two at the Panama Ports Company said Friday it would communicate with the Panamanian government "at the appropriate time," affirming that it believes engaging with the government "is vital to discuss the way forward for" the government maintains it has full control over the canal and that the operation of the ports by Hutchison does not mean Chinese control of it.
News18
an hour ago
- News18
'Only Thing Dead Is...': BJP Shares Growth Stats After Trump's Barb, Rahul Gandhi's Endorsement
Last Updated: The IMF's World Economic Outlook for July ranked India second only to China among developing economies, projecting a growth rate of 6.7 per cent in 2025 and 6.4 per cent for 2026. The BJP on Sunday offered a subtle rebuttal to US President Donald Trump's 'dead economy" remark by sharing India's strong economic growth, supported by data from the US-based International Monetary Fund (IMF). The IMF's World Economic Outlook ranked India second only to China among developing economies, projecting a robust growth rate of 6.7 per cent in 2025 and 6.4 per cent for 2026. Sharing the IMF data on X, BJP IT cell chief Amit Malviya took a pointed jab at Donald Trump over his 'dead economy" remark on India and mocked Rahul Gandhi for endorsing the claim. 'India continues to be the fastest-growing economy in the world, confirmed yet again by the IMF's World Economic Outlook update for July 2025," said Malviya. 'The only thing dead is Rahul Gandhi's self-respect and, if it exists, his brain," he added. India continues to be the fastest growing economy in the world, confirmed yet again by the IMF's World Economic Outlook update for July only thing dead is Rahul Gandhi's self-respect and, if it exists, his brain. — Amit Malviya (@amitmalviya) August 3, 2025 Announcing the tariff hike on Indian goods and an unspecified penalty over India's purchase of Russian crude and arms, Trump posted on Truth Social: 'I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their tariffs are too high, among the highest in the world." Reacting to the claim, Congress MP Rahul Gandhi on Thursday agreed with Trump's remarks that the Indian economy is 'dead" and said he is 'glad" that the US President stated a fact. Speaking to reporters outside Parliament, Rahul Gandhi remarked that everyone around the world acknowledges the Indian economy is 'dead"—except for the Prime Minister and the Finance Minister. 'Yes, he is right. Everybody knows this except the Prime Minister and the Finance Minister. Everybody knows that the Indian economy is a dead economy. I am glad that President Trump has stated a fact. The entire world knows that the Indian economy is a dead economy," Gandhi said. However, Congress MP Shashi Tharoor appeared to distance himself from Rahul Gandhi's remarks, stating that the Leader of Opposition in the Lok Sabha may have had his 'own reasons" for making such a statement. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
an hour ago
- Hindustan Times
India-UK trade deal: How will it benefit luxury car buyers in India? Explained in detail
The Indian government has signed a comprehensive Free Trade Agreement (FTA) with the United Kingdom, which is being considered as one of the landmark trade deals between the two major global economies. When it comes to the auto industry, the India-UK FTA is expected to boost the luxury car market in India, as the deal will reduce the import costs on CBU (Completely Built Unit) luxury cars and electric vehicles that are manufactured in the UK. The FTA introduced a detailed Tariff Rate Quota (TRQ) system, which allows for a progressive quota-based customs duty reduction system, which will be effective over a span of 15 years. This could significantly lower the prices of luxury cars made in the UK, including Rolls-Royce, Bentley, Jaguar, Land Rover, Aston Martin, and McLaren, for Indian buyers. While the luxury car market in India is currently dominated by German auto majors like Mercedes-Benz, Audi, and BMW, the market share of the British brands may increase in the country owing to the benefits arising from the FTA. Also check these Cars Find more Cars Aston Martin DB11 5198 cc 5198 cc Petrol Petrol ₹ 3.29 Cr Compare View Offers Bentley Bentayga 3996 cc 3996 cc Petrol Petrol ₹ 4.10 Cr Compare View Offers UPCOMING Jaguar Epace 1999 cc 1999 cc Diesel Diesel ₹ 50 - 60 Lakhs Alert Me When Launched Land Rover Discovery Sport 1997 cc 1997 cc Multiple Multiple ₹ 67.90 Lakhs Compare View Offers Lamborghini Huracan Evo Spyder 5204 cc 5204 cc Petrol Petrol ₹ 3.54 Cr Compare View Offers Lotus Emira 1998 cc 1998 cc Petrol Petrol ₹ 3.22 Cr Compare View Offers India-UK FTA to further propel India's luxury car sales growth The luxury car market in India, despite still holding a minuscule market share in the overall industry pie, is witnessing fast growth. In FY25, while the rising food inflation and falling wages prompted the urban consumers to hold back their car purchase plans, the wealthy class continued their luxury car shopping spree. This resulted in the luxury cars registering strong demand throughout the last fiscal, while the mass-market segment recorded muted sales. The luxury car manufacturers sold 51,406 units in FY25, marking a three per cent year-on-year (YoY) growth compared to 49,862 units in FY24, and setting a record for the highest sales in any financial year. This growth came even as the Indian economy struggled. Mercedes-Benz led the market with 18,928 units sold, marking its best-ever fiscal performance. BMW, on the other hand, secured the second position with 15,810 units sold, recording a five per cent rise from 14,562 units sold in FY24. Jaguar Land Rover (JLR) experienced a 40 per cent YoY growth, selling 6,183 units in the last financial year. Among others, Lexus, the luxury vehicle brand of Japanese automaker Toyota, reported a 19 per cent YoY growth in FY25. While this growth momentum is expected to continue in this financial year, the recently signed India-UK FTA is expected to further fuel this story. Speaking about this, Arun Surendra, Chairman and Group Managing Director at VST Group, a multi-brand luxury car seller, said that the luxury segment is still a small part of India's overall car market, around one to two per cent, but it's growing faster than the mass segment. 'What's interesting is how wide the base is getting. It's no longer just metros. We are seeing solid traction from Tier-2 cities, especially in the SUV and EV space. The aspiration is real, and it's backed by buying power," he said, while also adding, 'There's a clear rise in affluence, especially in South India. We are seeing more HNIs (High Net-Worth Individuals) choosing cars that reflect their lifestyle and values. It's not just about performance anymore. Design, technology, and brand experience are equally important." India-UK FTA: How ICE cars will benefit Under the India-UK FTA, internal combustion engine (ICE) powered cars are classified in three segments for duty relief. These are - entry-level vehicles under 1500 cc, mid-segment vehicles between 1500 cc and 3000 cc for petrol or up to 2500 cc for diesel and vehicles with engines larger than 3000 cc for petrol and 2500 cc for diesel. In the first year of FTA, cars in the mid and lower engine segments, which faced a pre-FTA base duty of 66 per cent, will be taxed at 50 per cent in the first year and 10 per cent by the fifth year. Cars in the highest engine capacity segment that attracted a base customs duty of 110 per cent in the pre-FTA regime will see the in-quota duty drop to 30 per cent. By the fifth year, this customs duty rate will come down further to just 10 per cent. There is a clear volume cap for each year under this FTA that will ensure the concessional tariffs apply to a fixed number of cars. In the first year, a total of 20,000 ICE cars from the UK will be allowed into India at discounted rates. This will comprise 5,000 each in the entry-level and mid-level segments, and 10,000 high-end models. These numbers will gradually increase, peaking at 37,000 units in the fifth year, before slowly tapering to 15,000 units annually from the 15th year onward. Any car imports beyond these volumes will still attract reduced out-of-quota tariffs compared to the pre-FTA base rates, but the benefits will be less pronounced. The out-of-quota duties on low-engine and mid-engine cars will stabilise at around 45 per cent and 55 per cent, respectively, by the 10th year. The out-of-quota duties on large-engine cars will reduce from 95 per cent in the first year to 50 per cent by the 10th year. India-UK FTA: How EVs, hybrids and hydrogen cars will benefit Under the India-UK FTA, electric cars, hybrids, and hydrogen fuel-cell cars are also included, under a separate TRQ (Tariff Rate Quota) structure. However, only cars with a CIF (Cost, Insurance, and Freight) value above 40,000 pounds will receive preferential treatment. Electric cars priced below 40,000 pounds are excluded entirely from any customs duty relief. For cars priced between 40,000 pounds and 80,000 pounds, the duty will drop sharply from the base 110 per cent to 50 per cent in the sixth year of implementation, and further to 10 per cent by the 10th year. The high-end electric cars priced above 80,000 pounds will benefit even more, with the duty reduced to 40 per cent in the sixth year and then to 10 per cent by the tenth year. Starting from the sixth year, 4,400 electric and hybrid cars will be allowed annually at the reduced rates. The quota expands over time, reaching 13,200 units by the 10th year and stabilising at 22,000 units annually from the 15th year. Interestingly, unlike the ICE models, there is no preferential duty on electric cars imported beyond the quota. This means high duties will apply to surplus shipments. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
