NetSol Launches Point-of-Sale Finance System in China

NetSol Technologies Inc. has launched a point-of-sale system in China for client FCA Automotive Finance Co., the company announced Wednesday The Calabasas firm, which makes software for vehicle and equipment leasing, said the system is part of NetSol’s Ascent Digital suite, which consists of modules that digitize and automate finance and leasing operations. It handles all auto loan origination tasks, including credit check, deals and promotions, and reporting. “We are continuing to push the boundaries with new, innovative and forward-looking technology solutions that enable global companies like FCA to better engage with their audiences,” Najeeb Ghauri, NetSol’s chief executive, said in a statement. “With this launch in China, FCA’s dealerships are now one step closer to being the digital brick-and-click outlets of the future, making the overall consumer experience more seamless and efficient.” Shares of NetSol (NTWK) closed Wednesday up 30 cents or 5.9 percent to $5.35 on the Nasdaq.