Tier-one US auto captive goes live in China on NETSOL platform

NETSOL Technologies has announced that a tier-one US-based auto captive finance company has gone live with its Transcend Finance platform in China under a contract valued at more than $10m.

The implementation places the platform into production to support the client’s automotive finance operations in the Chinese market. NETSOL said the system will enable the company to manage the full finance lifecycle on a modern, modular platform.

Najeeb Ghauri, founder and chief executive of NETSOL Technologies, said the go-live marked an important milestone in the project.

“This $10m+ go-live puts Transcend Finance into production for a tier-one auto captive in China. It gives the client a modern, modular platform to run the full finance lifecycle and scale with the market. We’re now focused on the next phases of rollout,” he said.

He added that the deployment reflected the company’s continued work with global OEM captives operating in China.

“This go-live reflects strong execution by our China team and a long-running relationship with global OEM captives in the market,” Ghauri said.

Omar Ghauri, chief operating officer and head of global delivery at NETSOL Technologies, said the deployment demonstrated the company’s ability to deliver large-scale technology projects in the Chinese automotive finance sector.

“This deployment shows we can execute at enterprise scale while meeting the needs of China’s auto finance market,” he said.