NETSOL unveils AI-powered Transcend platform

NETSOL Technologies, Inc., a global provider of innovative solutions for the asset finance and leasing industry, has unveiled its unified platform, Transcend – an AI-powered digital retail and asset finance solution for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers, and financial institutions.

The Transcend platform brings together a wide array of products and solutions under one umbrella, reflecting NETSOL’s strategic commitment to harnessing the potential of artificial intelligence (AI) to streamline the increasingly complex finance and leasing processes. The platform caters to a broad spectrum of use cases, from asset, auto, and equipment financing and leasing to digital retail, and aims to simplify complex purchasing journeys.

“As we have transitioned into the next era of technology with AI at the forefront, it was imperative for NETSOL to redefine our product suite to better meet the evolving demands of our clients,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc.

“This transformative platform marks a significant milestone for the company and embodies our vision for a more interconnected, intelligent and user-friendly approach to technology for the global financial services industry.”

Among the early adopters of Transcend is MINI USA, a subsidiary of BMW, which has integrated the platform into its operations to enhance customer experiences, , achieving a 23% increase in average conversion rate from lead to sales over three years.

“At MINI, we decided it was time to create an end-to-end purchasing and finance journey for the consumer, and it was important to create something more than a lead generator to facilitate the complete transaction for any MINI customer, any place, any time,” said Mike Peyton, Chief Motorer and Vice-President of MINI of the Americas.

“Our partnership with NETSOL has enabled us not only to catch up with industry leaders but also to set new benchmarks in digital auto-retail, which the usual suspects in the industry could not provide.”

The Transcend platform is designed to meet the needs of businesses across multiple sectors, combining advanced digital retail capabilities with cutting-edge finance and leasing technology. Key features of the platform include:

Transcend Retail: A fully digital platform that simplifies the entire customer journey, from online purchasing to finance approval. This solution keeps dealerships and OEMs on the cutting edge of consumer expectations in both automotive and equipment retail.
Transcend Finance: A comprehensive suite of tools for originations, servicing, and wholesale finance. It gives businesses—ranging from auto captives to financial institutions—end-to-end visibility, control, and seamless workflows to accelerate business outcomes.
Transcend Marketplace: A modular, API-first platform offering flexible tools for loan originations, document generation, and lending configurations. These solutions integrate easily with existing infrastructure, enabling businesses to operate more efficiently.
Transcend Consultancy: A consulting service offering expertise across critical areas such as information security, data engineering, and cloud services, helping businesses design tailored solutions for innovation and growth.
Transcend AI Labs: NETSOL’s AI-driven innovation hub, providing a suite of advanced AI services for industries ranging from finance to manufacturing. The labs are dedicated to solving industry-specific challenges through data-driven insights and machine learning.

Naeem Ghauri, Co-Founder and President of NETSOL, added:

“Transcend has combined years of expertise in digital retail, asset finance, and advanced technologies such as AI to deliver a groundbreaking platform that revolutionises the customer acquisition journey and elevates the customer experience. We’re on an exciting path to completely transform the industry and take a quantum leap ahead of our peers.”