NETSOL and BMO Sign Transcend Finance Agreement
NETSOL CEO Najeeb Ghauri At BMO Office
ENCINO, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) — NETSOL Technologies, Inc. (Nasdaq: NTWK), a provider of AI-enabled solutions and services powering OEMs, dealerships and financial institutions to sell, finance and lease assets, has signed a contract with BMO in the United States to use NETSOL’s Transcend Finance platform for its equipment finance portfolio.
In moving to NETSOL’s solution, BMO will manage equipment financing assets through the advanced capabilities of Transcend Finance, setting a new standard for efficiency, customer experience, and digital transformation in the financial services sector. This contract marks BMO’s transition from NETSOL’s legacy LeasePak platform to Transcend Finance.
Built on NETSOL’s global experience, Transcend Finance is a next-generation, AI-powered platform that unifies originations, servicing, and wholesale finance. Designed for scalability and flexibility, it enables lenders, captives and commercial financiers to accelerate digital transformation, launch new business models, and manage the complete finance lifecycle with intelligence and precision. This upgrade will position BMO at the forefront of digital asset finance solutions, driving agility and growth in a competitive marketplace.
“This upgrade with BMO is a testament to the enduring strength of our partnership and the unparalleled value NETSOL brings to one of the leading banks in North America,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies, Inc. “For over 30 years, NETSOL has been privileged to support BMO’s growth and innovation, delivering robust, reliable solutions. With the transition to our Transcend Finance platform, BMO is poised to unlock new levels of operational efficiency, risk management and customer engagement.”
“This deal embodies our commitment to continuous innovation and client success,” he added. “We are proud to support BMO as they lead the industry forward with a modern, flexible platform that empowers them to adapt quickly in an evolving market and deliver exceptional value to their customers.”
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.
