NETSOL Technologies, Inc., a global business services and asset finance solutions provider, has announced the launch of Transcend AI Labs, an innovation hub designed to empower the automotive and equipment finance industries with cutting-edge artificial intelligence (AI) solutions.
Transcend AI Labs is set to drive AI-driven transformation for original equipment manufacturers (OEMs), dealerships, and financial institutions. By leveraging automation, advanced analytics, and AI consulting services, NETSOL aims to enhance operational efficiency and decision-making across the asset finance sector.
The launch introduces two key AI-driven solutions: an AI Assistant and Intelligent Document Processing (IDP). These tools are available as standalone products or as integrated components within the Transcend platform, seamlessly fitting into existing business workflows.
- AI Assistant: Designed to support the entire asset finance lifecycle, the AI Assistant provides instant responses, process guidance, and intelligent recommendations. This enhances operational efficiency and delivers a more intuitive, responsive customer experience.
- Intelligent Document Processing (IDP): IDP automates data extraction, classification, and validation from financial and legal documents. By leveraging advanced analytics, it offers insights into cash flow, credit history, and risk factors, streamlining credit underwriting and real-time decision-making.
One of the standout innovations emerging from Transcend AI Labs is RoleFit AI, an AI-powered recruitment tool. Originally developed for NETSOL’s Human Capital Division, RoleFit AI streamlines the hiring process by auto-generating job descriptions and grading resumes in bulk. Due to its success within NETSOL, the company has expanded the tool for public access at RoleFit AI, allowing businesses to optimise their hiring processes with AI.
In addition to product enhancements, Transcend AI Labs is committed to delivering advanced AI consulting services, helping organisations automate processes, improve efficiencies, and implement tailored AI solutions. The lab’s expertise spans multiple industries, including banking, fintech, insurance, auto finance, retail, and beyond.
NETSOL has signalled its commitment to ongoing AI research and development, with more independent AI solutions currently in progress.
Naeem Ghauri, Co-Founder and President of NETSOL Technologies Inc., said:
“With extensive expertise in artificial intelligence and machine learning, NETSOL is enabling companies not just limited to the financial services sector, but across industry verticals, to unlock new possibilities for their business that enhance efficiency, drive growth and foster innovation.”
“From automating complex processes that drive costs down materially to enhancing predictive analytics, our AI-driven solutions and services help businesses stay ahead of market trends, reduce risks and improve the customer experience.”
