Netsol Pakistan to benefit from contract with global automotive financial services

MG News | December 10, 2020 at 10:34 AM GMT+05:00

0:00

December 10, 2020 (MLN): Netsol’s sister concern in China has signed an agreement with a global automotive financial services company to upgrade from the Company’s legacy NFS system to its premier, next-generation Ascent platform.

This multi-million-dollar agreement includes licensing, implementation and support services including comprehensive data migration from the old system to the new platform.

The longtime Company customer provides automotive installment loans, credit loans, interest subsidies and other services and mainly conducts business domestically in China. NETSOL's NFS Ascent platform was chosen for its unrivaled capabilities and proven track record for success both in Asia-Pacific and globally.

NETSOL Technologies Pakistan will directly benefit from this contract through provisioning of both license as well as major services to the sister concern for implementation of NFS Ascent at the client site. This will result in generating additional revenues for the Company which will be recognized over the life of the contract.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,657.50 254.92M	1.56% 2473.55
ALLSHR	97,208.72 796.11M	1.22% 1169.03
KSE30	48,725.95 154.32M	1.74% 835.38
KMI30	229,755.09 115.58M	2.00% 4494.89
KMIALLSHR	63,315.99 290.41M	1.59% 988.16
BKTi	44,068.57 45.85M	0.50% 220.43
OGTi	30,790.66 8.05M	1.67% 507.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	100,590.00	104,305.00 100,250.00	-1145.00 -1.13%
BRENT CRUDE	63.15	63.45 62.34	0.44 0.70%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.15 0.18%
ROTTERDAM COAL MONTHLY	95.50	96.20 95.50	-0.05 -0.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.87	59.21 58.12	0.38 0.65%
SUGAR #11 WORLD	14.52	14.77 14.37	0.00 0.00%