NETSOL Secures $10M+ Transcend Finance Deal with Tier-One Auto Captive in China
NETSOL Technologies has activated its Transcend Finance platform for a tier-one U.S. auto captive finance company in China under a contract valued at over $10 million. The modular, AI-enabled platform supports complete finance lifecycle management and sets the stage for upcoming rollout phases in China.
1. Deal Details
NETSOL has activated Transcend Finance for a tier-one U.S. auto captive finance company in China through a contract exceeding $10 million, enabling the client to manage the complete finance lifecycle on an AI-driven platform.
2. Platform Features
Transcend Finance features a modular architecture and advanced automation capabilities, allowing lenders and captives to accelerate digital transformation, launch new business models and oversee end-to-end finance operations with precision.
3. Strategic Impact
This implementation reinforces NETSOL’s presence in China’s automotive finance market, leveraging its growing portfolio of global OEMs and captive clients and demonstrating its capacity to execute enterprise-scale deployments in a dynamic environment.
4. Next Phases
With the initial go-live complete, NETSOL will proceed with sequential rollout phases focused on enhanced functionality and deeper service integration, aiming to drive additional revenue and cement long-term partnerships in China’s auto finance sector.