Ikano Bank Digitalizes with NETSOL’s NFS Ascent & Digital Platforms
May 16 2023 - 8:30AM
NETSOL Technologies, Inc. (Nasdaq: NTWK), a global
business services and enterprise application solutions provider,
announced the go-live of its next-generation solution NFS Ascent
for Ikano Bank – a Swedish bank operating across the Nordic and
European regions. NETSOL’s NFS Ascent and suite of digital
solutions are being implemented on the Cloud to support Ikano
Bank’s lending to businesses.
“The partnership with Ikano Bank is a significant project for
NETSOL Europe representing the largest multi-country roll-out of
our premier platform NFS Ascent. This engagement contributes to a
multi-million-euro partnership for the Nordic region and
beyond,” said Asad Ghauri, President Asia-Pacific and
Group MD Europe, NETSOL Technologies, Inc. “This has been
a very exciting journey with more milestones to achieve as Ikano
Bank expands into the wider European Economic Area (EEA).”
“This is a pure SaaS service model with subscription-based
pricing on Agile Scrum,” Mr. Ghauri continued. “I would like to
thank the entire team at Ikano Bank and those at NETSOL involved in
this project. I am very confident that this implementation will
result in further opportunities for both parties across the
European region.”
“We are pleased to be working with NETSOL as our strategic
platform partner,” said Henrik Staulund, Chief Commercial Officer
at Ikano Bank. “NETSOL’s smart technology solutions are
well-recognized in the finance and leasing space and deploying
their premier platform NFS Ascent enables us to maintain a
competitive edge in today’s highly dynamic marketplace. With its
powerful configuration engines, Ascent will streamline our
processes, enabling faster on-boarding of new partners and speed up
new product introductions across markets. By opting for Ascent on
the Cloud, we further benefit from a swift deployment process and
flexible, subscription-based pricing. Alongside Ascent, we also
deployed NETSOL’s digital touchpoints to further enhance our
digital transformation journey and optimize productivity and
decision-making.”
About Ikano Bank AB (publ)Ikano Bank creates
possibilities for better living by offering simple, fair and
affordable services, enabling a healthy economy for people. The
bank provides savings and loan products for consumers, sales
support services for retailers and leasing and factoring solutions
for businesses. It conducts business in Sweden, Denmark, Finland,
Norway, the UK, Poland, Germany and Austria. Ikano Bank is a part
of the Ikano Group who owns 51% of Ikano Bank. Ingka Group, the
largest IKEA retailer representing about 90% of IKEA retail sales
and operates IKEA sales channels under franchise agreements with
Inter IKEA Systems B.V., owns the remaining 49% of the Bank. Ikano
Bank’s head office is located in Malmö, Sweden and the company is
registered in Älmhult, Sweden where the business was once
founded.
About NETSOL TechnologiesNETSOL Technologies,
Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise
software solutions primarily serving the global leasing and finance
industry. The Company’s suite of applications is backed by 40 years
of domain expertise and supported by a committed team of more than
1750 professionals placed in eight strategically located support
and delivery centers throughout the world. NFS, LeasePak, LeaseSoft
or NFS Ascent – help companies transform their Finance and Leasing
operations, providing a fully automated asset-based finance
solution covering the complete leasing and finance lifecycle.
Forward-Looking StatementsThis press release
may contain forward-looking statements relating to the development
of the Company's products and services and future operation
results, including statements regarding the Company that are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those projected. The words
“expects,” “anticipates,” variations of such words, and similar
expressions, identify forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, but their
absence does not mean that the statement is not forward-looking.
These statements are not guarantees of future performance and are
subject to certain risks, uncertainties, and assumptions that are
difficult to predict. Factors that could affect the Company's
actual results include the progress and costs of the development of
products and services and the timing of the market acceptance. The
subject Companies expressly disclaim any obligation or undertaking
to update or revise any forward-looking statement contained herein
to reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon
which any statement is based.
Investor Relations Contact:
Investor Relations(818) 222-9195investors@netsoltech.com
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