NETSOL Technologies Powers UK Financial Institutions with Cutting-Edge API Solutions

On November 9, 2023, from its headquarters in Encino, California, NETSOL Technologies, Inc. NTWK, a prominent global provider of business services and enterprise solutions, heralded a significant step forward within the financial services industry. The company has successfully brought two notable UK-based financial institutions, Bibby Financial Services and United Trust Bank (UTB), into the forefront of technological advancement by implementing NETSOL's API-based Calculation Engine known as Flex. This move marks a critical juncture in the quest for enhanced technological efficiency across the finance sector.

Seamless Integration and Enhanced Efficiency

Bibby Financial Services, serving over 8,500 small and medium-sized businesses across an array of sectors, along with UTB, which provides an array of secured financing options to SMEs, property developers, and consumers, have both adopted Flex. Flex is NETSOL's state-of-the-art instant API and cloud-based calculation engine. In addition, UTB has also embraced Dock, NETSOL's cloud-based parameter storage system developed to bolster core lending operations. These strategic moves are anticipated to propel operational efficiency and open new avenues for business growth.

NETSOL's Appex Now Market Breakthrough

Both Flex and Dock are integral components of NETSOL’s innovative Appex Now marketplace, a ground-breaking platform that serves as the world's first API-product marketplace dedicated to the global credit, finance, and leasing industry. Najeeb Ghauri, the founder and CEO of NETSOL, expressed his satisfaction with the newfound partnerships and reaffirmed the company’s commitment to advancing the financial services industry with robust API-based solutions through the Appex Now marketplace. Ghauri also highlighted the efficient functionality and increasing recognition of Flex within the industry.

A Reliable Provider in Financial IT Solutions

NETSOL Technologies, Inc. NTWK, with 40 years of expert industry know-how and a global team exceeding 1750 professionals, stands at the forefront of providing innovative IT and enterprise software solutions. Its product lineup, including NFS, LeasePak, LeaseSoft, and NFS Ascent, is designed to facilitate the digital transformation of finance and leasing operations through a comprehensive, automated asset-based finance solution encompassing the full lease and finance lifecycle.

Forward-Looking Statement Advisory

This announcement contains forward-looking statements regarding the company's future product and service developments, as well as potential operational outcomes. Certain risks and uncertainties could cause the actual results to diverge materially from these predictive statements. The company clarifies that these forward-looking statements are not absolute guarantees and are contingent upon various factors. The company asserts no obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Investor Relations Enquiries

For investors seeking more information about NETSOL Technologies, Inc. or financial matters, please contact Investor Relations at (818) 222-9195 or via email at [email protected].

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