NETSOL Technologies, Inc., a global business services and enterprise application solutions provider, has signed an agreement with a consumer finance bank of Swedish origin. The multi-million-dollar contract is for the deployment of NETSOL’s premier platform Ascent (Retail) on the Cloud alongside NFS Digital.

This is set out to be a multi-country implementation on a single instance using multi-tenancy options available in Ascent. The agreement scope for this signing covers the European Economic Area to be followed by the UK.

“I am pleased to announce this multi-million-dollar signing with a new client that works with approximately 1500 partners in Northern Europe providing leasing, factoring and invoice to pay services covering a range of asset categories,” said Asad Ghauri, President Asia Pacific and Group MD Europe, NETSOL Technologies, Inc.

“The agreement scope initially covered the discovery phase and first country implementations with plans to move into implementations into other European countries. The countries currently included in this contract are Sweden, Norway, Denmark and Finland.

“As the client has opted for Ascent Retail via the Cloud, they will benefit by a swift deployment process and flexible, volume-based subscription pricing,” he added.