NETSOL Technologies secured an agreement with a multi-finance company in Indonesia to deploy its mobile origination (point of sale) system. The new contract includes a product license, five-year maintenance agreement and agreed upon rates for any additional customization of the application.
The client will be leveraging NETSOL’s system to originate credit applications and provide quick turnaround to customers seeking finance and leasing products, with the mobile application (mPOS) enabling processing of more applications in a shorter amount of time. NETSOL’s digital footprint includes a complete Ascent mobility suite, which the client will deploy across its dealer and sales network.
“This new contract complements our existing customer’s ecosystem and also marks the second implementation of our Mobile Point of Sale in Indonesia in less than a year,” said Najeeb Ghauri, NETSOL chairman and CEO. “What this win also demonstrates is the value that our innovative technology provides clients as well as our optimized turnaround time. We believe innovative mobile solutions like mPOS will reshape business models, empower workers, improve collaboration and drive consumer loyalty, all of which will not only continue yielding encouraging results for NETSOL in the Indonesian market but in the global market as well.”
Various common types of transactions in our industry result in equipment leasing and finance companies acquiring interests in transactions that are outside the primary states in which they are located. Some examples include the very active market pursuant to which... read more
Industry behemoths are losing market share and some have even declared bankruptcy as they’ve been reluctant to accept technological change. According to the 2017 Deloitte Global Human Capital Trends Report, only 12% of fortune 500 companies present in 1955 are... read more