NetSol Technologies, a technology provider for the asset finance and leasing sector, has introduced an AI-powered digital retail and asset finance platform targeting automotive and equipment original equipment manufacturers (OEMs), auto captives, commercial lenders, dealers, brokers, and financial institutions.
The Transcend Platform integrates a comprehensive suite of products and solutions, reinforcing NETSOL’s commitment to leveraging the capabilities of artificial intelligence.
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Najeeb Ghauri, Founder and CEO of NETSOL Technologies, emphasised the necessity of adapting their product offerings in light of advancing technology. “As we have transitioned into the next era of technology with AI at the forefront, it was imperative for NETSOL to redefine our product suite to better meet the evolving demands of our clients,” he stated.
Ghauri noted that the platform represents a significant milestone for the company, aiming for a more interconnected and user-friendly approach within the global financial services industry.
The Transcend Platform marks NETSOL’s ongoing transformation and integration of AI technologies for asset finance companies and OEMs. The platform addresses a variety of use cases, ranging from asset, auto, and equipment finance to innovative digital retail solutions that enhance complex purchasing processes. Notably, MINI USA, a subsidiary of BMW, reported a 23% increase in its average conversion rate from leads to sales over three years since implementing the platform.
Key features of the platform:
Transcend AI Labs: Integrates AI services to solve industry challenges for BFSI, equipment, and auto OEMs, ensuring competitiveness.
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By GlobalDataTranscend Retail: A digital platform that enhances the customer journey in auto and equipment retail, covering purchasing, financing, and servicing with advanced retail and self-service solutions.
Transcend Finance: A solution for finance and leasing operations, offering end-to-end control over originations, servicing, and wholesale finance, streamlining workflows for financial institutions.
Transcend Marketplace: A modular platform with API-based solutions for calculations, loan originations, and document generation, integrating easily with existing systems.
Transcend Consultancy: Provides tailored consulting in areas like security and cloud services to drive innovation and growth.
