New York based Aurigin (formerly BankerBay), the largest M&A platform in the 
world with over USD 250 billion of live, curated deals, is rolling out a 
business solution that no bank can afford to ignore.

Aurigin is announcing "AiB," an enterprise solution designed to address the 
increasing needs of investment banks and their clients by digitizing the 
end-to-end process, from deal origination all the way to deal execution, in an 
integrated platform. Since its inception in 2014, Aurigin has been at the 
forefront of digital transformation in the investment banking industry and 
cites current global conditions as a table-thumping call to action.

"Investment banking has been ripe for modernization for decades, but 
long-standing traditions and a stubborn resistance to change have kept those 
brick-and-mortar forts intact during a tsunami of industrial digitization. Now 
due to Covid, banks simply have to act," says Romesh Jayawickrama, Aurigin's 
CEO and Founder. 

Historically, investment banks have tended to tackle operational problems by 
adding or taking away people. These are neither long term nor scalable 
solutions. Aurigin's core principle is that high-cost human capital should only 
be used for high-value tasks, and technology should handle all the 
time-consuming heavy lifting. Although an obvious philosophy to adhere to, very 
few banks seem to live by this. The company estimates adoption of their 
technology can reduce man-hours in key areas by as much as 80%, reduce the time 
to market by 50% and reduce costs by 70%.

How it works – Aurigin's existing business model uses a proprietary algo-engine 
to rapidly and precisely connect companies seeking capital with institutions 
providing capital anywhere around the world. This technology has been extended 
further to deliver an enterprise solution for banks that digitizes the entire 
process, from the first loan a bank deploys to a company, to any equity capital 
raise and M&A, all the way to an IPO. AiB bridges the gaps between relevant 
divisions of a bank, whereby either clients or automated analyses will notify 
the most appropriate division of a bank of potential capital requirements. The 
platform then triggers the relevant process chain. This includes building 
marketing material, populating data rooms and matching the capital requirement 
with internal or external sources of funds via Aurigin's global ecosystem of 
investors. AiB provides digitized solutions for the clients, the banks and for 
any external investors.

"Banks' operating models are just too heavy. They are having to turn away 
billions of dollars of business because the unit costs of execution are too 
high. The need of the hour is to use technology to streamline processes, 
minimising those unit costs, increasing scalability and adding revenue streams 
to existing business lines," Jayawickrama says.

Covid has magnified existing problems for investment banks, to such a level 
that digital transformation is a strategic imperative across front, middle and 
back offices. Aurigin brings a long-term and scalable solution that will help 
transform the industry. 

Logo - https://mma.prnewswire.com/media/1229457/Aurigin_Logo.jpg

To find out more, reach Aurigin at: 
enterprise@aurigininc.com 
+1 (347) 468-8088 
+91-9725458785

Source: Aurigin (formerly BankerBay)