Business
NETSOL Technologies Signs Contract with UK Bank to Implement its NFS Ascent Retail Platform
CALABASAS, Calif., April 02, 2020 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application
About this update from Netsol Technologies Inc.
[{"type":"text","content":"CALABASAS, Calif., April 02, 2020 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has signed a contract with a bank in the United Kingdom for the implementation of the Retail platform for its next-generation solution NFS AscentTM in the cloud.\n This contract follows NETSOL's recent agreement with a large independent used vehicle finance company in the UK and covers implementation of NFS Ascent's Retail platform, including its Point of Sale solution and Contract Management System. Similar to the previous contract, implementation is expected in less than six months, enabling the bank to gain value from Ascent’s technology in the shortest possible timeframe and setting a new standard for time to deployment in the industry. \"This agreement not only validates increasing traction and demand for our next-gen platform NFS Ascent in the UK region, but also its European market readiness,” said Asad Ghauri, President, NETSOL Technologies, Asia Pacific & Group Managing Director, NETSOL Technologies Europe. “We look forward to a strong, long-term partnership as their asset finance business rapidly develops and evolves. This agreement is another major milestone in our pursuit of achieving deployments both rapidly and cost-effectively through our pre-configured European NFS Ascent platform.” “With the Ascent platform we provide pre-built standard interfaces, regulatory framework and many other important pre-set configurations that are available from the word ‘go,’” added Najeeb Ghauri, NETSOL Co-Founder, Chairman and Chief Executive Officer. “The end result: fast implementation, maximizing value and minimizing risk for our customers.” About NETSOL TechnologiesNETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and finance industry. The Company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1300 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent – help companies transform their Finance and Leasing operations, providing a fully automated asset-based finance solution covering the complete leasing and finance lifecyc...