NETSOL Unveils the Transcend Platform to Provide Customers with a Unified Digital Retail and Asset Finance Solution
NETSOL Technologies, Inc. (Nasdaq: NTWK) has unveiled its new Transcend Platform, an AI-powered digital retail and asset finance solution for the automotive and equipment finance industry. This unified platform offers a comprehensive set of products and solutions, showcasing NETSOL's commitment to AI integration.
The Transcend Platform includes key features such as Transcend Retail for digital omnichannel customer journeys, Transcend Finance for streamlined finance operations, Transcend Marketplace for modular API-first solutions, Transcend Consultancy for expert guidance, and Transcend AI Labs for AI-driven innovation.
MINI USA, a subsidiary of BMW, has reported a 23% increase in average conversion rate from lead to sales over three years using the platform. The new solution aims to transform the auto and equipment buying, leasing, and financing experience for various industry players.
NETSOL Technologies, Inc. (Nasdaq: NTWK) ha presentato la sua nuova Transcend Platform, una soluzione digitale per il retail e il finanziamento degli asset, potenziata dall'IA, per l'industria automobilistica e il finanziamento delle attrezzature. Questa piattaforma unificata offre un'ampia gamma di prodotti e soluzioni, dimostrando l'impegno di NETSOL nell'integrazione dell'IA.
La Transcend Platform include caratteristiche chiave come Transcend Retail per percorsi cliente digitali omnicanale, Transcend Finance per operazioni finanziarie semplificate, Transcend Marketplace per soluzioni modulari basate su API, Transcend Consultancy per consulenza esperta, e Transcend AI Labs per l'innovazione guidata dall'IA.
MINI USA, una sussidiaria di BMW, ha riportato un aumento del 23% nel tasso di conversione medio da lead a vendite in tre anni grazie all'uso della piattaforma. La nuova soluzione mira a trasformare l'esperienza di acquisto, leasing e finanziamento di auto e attrezzature per vari attori del settore.
NETSOL Technologies, Inc. (Nasdaq: NTWK) ha presentado su nueva Transcend Platform, una solución de financiamiento digital y retail impulsada por IA para la industria automotriz y de financiamiento de equipos. Esta plataforma unificada ofrece un conjunto integral de productos y soluciones, demostrando el compromiso de NETSOL con la integración de IA.
La Transcend Platform incluye características clave como Transcend Retail para recorridos de clientes digitales omnicanal, Transcend Finance para operaciones financieras simplificadas, Transcend Marketplace para soluciones modulares basadas en API, Transcend Consultancy para asesoramiento experto, y Transcend AI Labs para innovación impulsada por IA.
MINI USA, una subsidiaria de BMW, ha informado un aumento del 23% en la tasa de conversión promedio de leads a ventas a lo largo de tres años utilizando la plataforma. La nueva solución tiene como objetivo transformar la experiencia de compra, arrendamiento y financiamiento de autos y equipos para varios actores de la industria.
NETSOL Technologies, Inc. (Nasdaq: NTWK)는 자동차 및 장비 금융 산업을 위한 AI 기반의 디지털 리테일 및 자산 금융 솔루션인 Transcend Platform을 공개했습니다. 이 통합 플랫폼은 NETSOL의 AI 통합에 대한 헌신을 보여주는 포괄적인 제품 및 솔루션 세트를 제공합니다.
Transcend Platform은 디지털 옴니채널 고객 여정을 위한 Transcend Retail, 간소화된 금융 운영을 위한 Transcend Finance, 모듈화된 API 우선 솔루션을 위한 Transcend Marketplace, 전문적인 지침을 제공하는 Transcend Consultancy, AI 중심의 혁신을 위한 Transcend AI Labs와 같은 주요 기능을 포함합니다.
BMW의 자회사인 MINI USA는 이 플랫폼을 사용하여 3년 동안 리드에서 판매로의 평균 전환율이 23% 증가했다고 보고했습니다. 이 새로운 솔루션은 다양한 산업 종사자를 위한 자동차 및 장비 구매, 임대 및 금융 경험을 혁신하는 것을 목표로 하고 있습니다.
NETSOL Technologies, Inc. (Nasdaq: NTWK) a dévoilé sa nouvelle Transcend Platform, une solution de vente au détail numérique et de financement d'actifs alimentée par l'IA pour l'industrie automobile et le financement d'équipements. Cette plateforme unifiée propose un ensemble complet de produits et de solutions, mettant en avant l'engagement de NETSOL envers l'intégration de l'IA.
La Transcend Platform comprend des fonctionnalités clés telles que Transcend Retail pour les parcours clients numériques omnicanaux, Transcend Finance pour des opérations financières simplifiées, Transcend Marketplace pour des solutions modulaires basées sur des API, Transcend Consultancy pour des conseils d'experts, et Transcend AI Labs pour l'innovation pilotée par l'IA.
MINI USA, une filiale de BMW, a signalé une augmentation de 23 % du taux de conversion moyen de prospects en ventes sur trois ans grâce à l'utilisation de la plateforme. La nouvelle solution vise à transformer l'expérience d'achat, de leasing et de financement des automobiles et des équipements pour divers acteurs de l'industrie.
NETSOL Technologies, Inc. (Nasdaq: NTWK) hat seine neue Transcend Platform vorgestellt, eine KI-gestützte digitale Einzelhandels- und Vermögensfinanzierungslösung für die Automobil- und Equipment-Finanzierungsbranche. Diese einheitliche Plattform bietet ein umfassendes Set an Produkten und Lösungen und demonstriert NETSOLs Engagement für die KI-Integration.
Die Transcend Platform umfasst wichtige Funktionen wie Transcend Retail für digitale Omnichannel-Kundenreisen, Transcend Finance für optimierte Finanzoperations, Transcend Marketplace für modulare API-gesteuerte Lösungen, Transcend Consultancy für fachkundige Beratung und Transcend AI Labs für KI-gestützte Innovation.
MINI USA, eine Tochtergesellschaft von BMW, hat einen Anstieg der durchschnittlichen Konversionsrate von Leads zu Verkäufen um 23 % über drei Jahre berichtet, die mit der Plattform erzielt wurde. Die neue Lösung zielt darauf ab, das Kauf-, Leasing- und Finanzierungserlebnis von Autos und Geräten für verschiedene Akteure der Branche zu transformieren.
- Launch of AI-powered Transcend Platform for digital retail and asset finance
- MINI USA reported 23% increase in lead-to-sales conversion rate over 3 years
- Comprehensive solution covering retail, finance, marketplace, consultancy, and AI innovation
- None.
Insights
NETSOL Technologies' unveiling of the Transcend Platform marks a significant strategic shift, positioning the company at the forefront of AI-powered solutions in the asset finance and leasing industry. The platform's comprehensive suite, addressing various aspects from digital retail to finance operations, demonstrates NETSOL's commitment to innovation and market leadership.
Key financial implications include:
- Potential for increased market share and revenue growth, as evidenced by MINI USA's
23% increase in conversion rates - Enhanced competitive positioning against industry leaders
- Diversification of revenue streams through multiple platform components
- Possible increase in recurring revenue from subscription-based services
While the platform shows promise, investors should monitor adoption rates, implementation costs and the impact on NETSOL's financials in upcoming quarters. The company's relatively small market cap of
The Transcend Platform represents a technological leap for NETSOL, integrating cutting-edge AI capabilities across its product suite. This holistic approach addresses critical industry pain points:
- Omnichannel Integration: Seamlessly connecting the entire customer journey from purchase to end-of-term
- AI-Driven Innovation: Tailored AI solutions for BFSI, equipment and auto sectors
- Modular Architecture: API-first design allowing flexible integration and scalability
- Comprehensive Scope: Covering retail, finance, marketplace and consultancy services
The platform's AI Labs and consultancy services demonstrate NETSOL's commitment to staying ahead of technological curves. This positions the company well against larger competitors and could attract partnerships with major OEMs and financial institutions seeking digital transformation. However, the success will hinge on NETSOL's ability to deliver seamless implementation and measurable ROI for clients.
New AI-powered platform to transform the auto and equipment buying, leasing and financing experience
ENCINO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), the global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, announced today its new unified Transcend Platform – an AI-powered digital retail and asset finance solution for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers and financial institutions. The new NETSOL Transcend Platform offers a robust set of products and solutions under one umbrella, showcasing the company's commitment to harnessing the transformative potential of Artificial Intelligence (AI).
“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,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc. “This transformative platform marks a significant milestone for the company and embodies our vision for a more interconnected, intelligent and user-friendly approach to technology for the global financial services industry.”
The Transcend Platform signifies NETSOL’s transformation and adoption of AI technologies for asset finance companies and OEMs. This comprehensive platform addresses various use cases, from asset, auto and equipment finance and leasing technology to innovative digital retail solutions facilitating complex purchasing journeys. NETSOL customers like MINI USA—a subsidiary of BMW—have had significant success with the platform, achieving a
"At MINI, we decided it was time to create an end-to-end purchasing and finance journey for the consumer and it was important to create something more than a lead generator to facilitate the complete transaction for any MINI customer, any place, any time," said Mike Peyton, Chief Motorer and Vice-President of MINI of the Americas. “Our partnership with NETSOL has enabled us not only to catch up with industry leaders but also to set new benchmarks in digital auto-retail, which the usual suspects in the industry could not provide.”
Key features of the Transcend Platform:
Transcend Retail
Revolutionize auto and equipment retail with a fully digital, omnichannel, and seamlessly integrated platform that powers the entire customer journey and lifecycle. From purchasing, financing, and originations to servicing, end-of-term, and remarketing, Transcend Retail offers advanced retail, mobility, and self-service solutions that keep OEMs and dealerships at the cutting edge of consumer expectations.
Transcend Finance
Streamlines finance and leasing operations with a comprehensive solution for originations, servicing and wholesale finance. Transcend Finance empowers finance and leasing companies alongside various financial institutions with end-to-end visibility and control, ensuring seamless workflows and accelerated business outcomes.
Transcend Marketplace
The go-to platform for modular, API-first solutions that address every aspect of finance and leasing. Whether a customer needs tools for calculations, document generation, loan originations or lending configurations, Transcend Marketplace offers a suite of flexible, component-based solutions that integrate seamlessly with your existing infrastructure.
Transcend Consultancy
Empowering businesses with Transcend Consulting Services, we offer expert guidance across critical areas like information security, data engineering and cloud services—our team partners with your business to create tailored solutions that drive innovation, efficiency and growth.
Transcend AI Labs
We are leading AI-driven innovation with our Transcend AI Labs, integrating advanced AI services into our product suite to solve the unique challenges of BFSI, equipment and auto OEMs and dealerships. Our tailored solutions drive industry-specific advancements, helping you stay ahead in a competitive market.
Naeem Ghauri, Co-Founder and President of NETSOL, added, "Transcend has combined years of expertise in digital retail, asset finance and advanced technologies such as AI to deliver a groundbreaking platform that revolutionizes the customer acquisition journey and elevates the customer experience. We're on an exciting path to completely transform the industry and take a quantum leap ahead of our peers."
About NETSOL Technologies
NETSOL Technologies is a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, serving automotive and equipment OEMs, auto captives and financial institutions across over 30 countries. Since its inception in 1996, NETSOL has been at the cutting edge of technology, pioneering innovations with its asset finance solutions and leveraging advanced AI and cloud services to meet the complex needs of the global market. Renowned for its deep industry expertise, customer-centric approach and commitment to excellence, NETSOL fosters strong partnerships with its clients, ensuring their success in an ever-evolving landscape. With a rich history of innovation, ethical business practices and a focus on sustainability, NETSOL is dedicated to empowering businesses worldwide, securing its position as the trusted partner for leading firms around the globe.
Forward-Looking Statements
This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words “expects,” “anticipates,” variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
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