Two UK Financial Institutions Implement NETSOL’s Innovative SaaS-based Calculation Engine Flex

On November 9, 2023, NETSOL Technologies, Inc. NTWK, a global services and enterprise software solutions provider, heralded a significant advancement for the finance and leasing sector. Bibby Financial Services and United Trust Bank (UTB), two prominent UK-based financial institutions, have successfully implemented Flex, NETSOL's API and cloud-enabled calculation engine. This marks a crucial stride in the evolution of financial services technology.

Revolutionizing Financial Services through SaaS Offerings

Flex, part of NETSOL's Appex Now marketplace, exemplifies the industry's transition towards seamless, API-driven solutions, ensuring efficiency and innovation in the credit, finance, and leasing arena. NETSOL's Appex Now serves as the first global marketplace of its kind, featuring API-based products explicitly crafted for the aforementioned industries. UTB has not only adopted Flex but also embraced Dock, a sophisticated, cloud-based parameter storage tool designed to streamline essential lending operations.

Strengthening Industry Partnerships

Najeeb Ghauri, the CEO and founder of NETSOL, expressed enthusiasm over the collaborations with the UK institutions. The adoption of NETSOL's technologies paves the way for heightened efficiency and the potential for future alliances as more entities recognize the value offered by Appex Now's suite of products. Ghauri's commentary underscores the pioneering vision of NETSOL as it continues to foster advancements in its tailored market offerings.

About NETSOL Technologies

With 40 years of domain expertise, NTWK has established itself as a leader in providing comprehensive IT and enterprise software solutions, predominantly serving the leasing and finance industry. Their commitment is supported by a robust team of over 1750 professionals strategically stationed across eight global support and delivery centers. The company's flagship products, like NFS Ascent, have been integral in digitally transforming finance and leasing operations across the globe, setting new benchmarks for automation and efficiency.

Prospects for NETSOL and APi Group Corporation

As NETSOL forges ahead with its innovative products, APi Group Corporation APG, another key player in security, specialty, and industrial services in North America, could potentially benefit from similar technological advancements in efficiencies and operational management through products like NETSOL's. The spotlight on SaaS-based business models by companies like NETSOL underlines a broader market trend towards digital transformation and cloud integration across various industries.

This article contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from projected ones. The forward-looking statements rely on assumptions that may not materialize, and the companies involved have no obligation to update these statements in the wake of new information or future events.

NETSOL, API, SaaS