Close Brothers goes live with NETSOL’s calculation engine Flex

NETSOL Technologies, Inc. has announced that Close Brothers, a UK merchant banking group providing lending, deposit taking, wealth management services and securities trading, has signed-up for and, subsequently, gone live with NETSOL’s cloud-based calculation engine Flex.

The Flex cloud-based calculation engine enables affordability checks, reverse calculations and accurate contract lifecycle calculations with seamless integration into a financial institution’s ecosystem.

The calculation engine is part of NETSOL’s Appex Now suite of API-first products for the global finance and leasing industry.

“Appex Now’s APIs are pushing the finance and leasing industry forward. These powerful, yet simple APIs are a reflection of our dedication to innovation,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc.

“Close Brothers joins other financial institutions in the United Kingdom that have gone live with our API-first calculation engine,” he added. “The customer has integrated Flex’s APIs with Salesforce as part of a new initiative to enhance the pricing process for a key broker.”

“The UK market’s response to our API-first offerings reaffirms the power of a customer-centric approach and we’re excited to continue spearheading innovation in this dynamic landscape,” said Darryll Lewis (pictured), Managing Director of NETSOL Europe. “We’re proud to lead this charge, delivering not just products, but solutions that redefine efficiency and ease of use.”

“We have found that the Flex API integration with the Salesforce CRM is a great way to kickstart this new initiative,” said Michael Townsend, Head of Change at Close Brothers. “We look forward to building this capability out.”