Aurionpro hopes to expedite the deployment of accurate, accountable, and auditable AI solutions across a range of financial industries with this purchase.

The company will make an all-cash acquisition of a 67% share in Arya.ai. The purchase of shares owned by current shareholders and the subscription of fresh equity capital in Arya.ai are the two components of the transaction.

Including the secondary acquisition and funding infusion, the entire investment comes to about $16.5 million.

An industry-leading Enterprise AI platform that is suited to the requirements of financial institutions globally will be developed as a result of the integration of Arya.ai's AI cloud platform with Aurionpro's range of products.

Companies and their clients stand to gain a great deal from this strategic alignment.

Ashish Rai, CEO of Aurionpro Solutions, expressed excitement about the acquisition and the partnership in a statement that read, "Arya.ai's acquisition unites Aurionpro's portfolio of industry-leading enterprise software with one of the most advanced Enterprise AI platforms focused on Banks and Insurers." Working with Arya.ai and our other ecosystem partners to develop the top enterprise artificial intelligence platform for the global financial sector excites us much.

Arya.ai, which was founded in 2013 by Vinay Kumar and Deekshith Marla, has led the way in utilizing AI and deep learning technology in the banking and insurance industries.

Arya API, Libra, and AryaXAI are some of the cutting-edge PaaS products offered by the firm; they are designed to improve AI governance and facilitate autonomous transactions.

This purchase represents a major turning point for the FinTech and AI industries, highlighting the increasing significance of AI-powered solutions in fostering efficiency and innovation in the financial services sector.

"Our ten years of experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance," said Vinay Kumar, CEO and founder of Arya.ai. We are going to develop a new generation of enterprise AI software for banks and insurers in partnership with Aurionpro. This software will really incorporate AI, enhancing tasks or allowing Autonomous Agents to handle complete transactions.