NETSOL Technologies, Inc., a provider of technology and software for the global asset finance and leasing industry, has launched Transcend AI Labs, a hub focused on AI-driven automation, consulting, and product development.
In a statement, NETSOL said the initiative is designed to empower automotive and equipment original equipment manufacturers (OEMs), dealerships, and financiers with advanced AI solutions to enhance efficiency and competitiveness.
Go deeper with GlobalData
As part of the launch, Transcend AI Labs introduces an interactive AI Assistant and Intelligent Document Processing (IDP) technology, available as standalone solutions or integrated within the Transcend platform. These tools are aimed at streamlining workflows and improving decision-making processes.
The AI Assistant provides real-time support throughout the asset finance lifecycle, assisting both customers and internal teams with instant responses, process guidance, and intelligent recommendations. The tool is designed to improve operational efficiency and enhance user experience.
The IDP system automates the extraction, classification, and validation of data from financial and legal documents. By accelerating workflows and improving accuracy, it enables businesses to make informed decisions based on real-time insights. The system also integrates advanced analytics to assess cash flows, credit histories, and risk factors, enhancing credit underwriting processes.
Additionally, Transcend AI Labs has developed RoleFit AI, an AI-powered resume grader that automates job description generation and bulk resume evaluation. Originally designed for NETSOL’s Human Capital Division, RoleFit AI has been refined and made publicly accessible at https://rolefit.ai, allowing businesses to streamline recruitment processes.
NETSOL has expanded its team to offer advanced AI consulting services through Transcend AI Labs, helping organisations across industries — including finance, banking, fintech, insurance, auto finance, and retail — adopt AI-driven solutions tailored to their specific needs. The company is also developing additional AI tools aimed at delivering further automation and business intelligence capabilities.
“With extensive expertise in artificial intelligence and machine learning, NETSOL is enabling companies across multiple sectors to unlock new efficiencies, drive growth, and foster innovation,” said Naeem Ghauri, Co-Founder and President of NETSOL Technologies Inc. “Our AI-driven solutions help businesses stay ahead of market trends, reduce risks, and enhance customer experiences.”
