NetSol Technologies signed an agreement for its mobile origination (point of sale) system with PT Mizuho Balimor Finance (MBF) in Indonesia.

NetSol was named MBF’s preferred vendor in the region. The contract includes product license, a five-year maintenance agreement and agreed customizations rates for both applications.

MBF is an Indonesian multi-finance companies specializing in the auto financing domain.

The application being deployed will be used by field teams (salesman/dealers) to initiate credit applications and provide quick approval and turnaround to customers seeking finance and lease products from MBF.

“Our solution will increase operational efficiencies for PT. Mizuho Balimor Finance and bring concrete results in terms of costs and reduced contract conversion times. Mizuho Balimor is a pioneering company which turned towards the latest, next-generation technologies for future growth and progression. We are glad to work with them and implement our ground-breaking solution,” said Najeeb Ghauri, founder, chairman and CEO of NetSol Technologies. “We look forward to further creating business value for them and fostering this relationship in the coming years.”

NetSol Technologies is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and financing industry.