NETSOL Technologies, Inc. announced the launch of its new unified Transcend Platform on October 8, 2024. This AI-powered digital retail and asset finance solution is designed for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers, and financial institutions.
The Transcend Platform encompasses several key components, including Transcend Retail for digital customer journeys, Transcend Finance for streamlining finance and leasing operations, and Transcend Marketplace for modular, API-first solutions. It also features Transcend AI Labs, an innovation hub for AI-driven enhancements.
MINI USA, a subsidiary of BMW, has already experienced significant success with the platform, achieving a 23% increase in average conversion rate from lead to sales over three years. This demonstrates the platform's capability to enhance operational efficiency and customer experience for clients.
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