{"success":true,"data":{"pressRelease":{"id":"143795","rtpr_id":"nGNX7LKNF5-20260915","ticker":"NTWK","exchange":"NASDAQ","all_tickers":["NTWK"],"title":"BMO Equipment Finance Selects NETSOL’s Transcend Finance Platform","author":"Globe Newswire","published_at":"2026-09-15T12:03:00.117Z","article_body":"ENCINO, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc.\n(Nasdaq: NTWK), a provider of AI-enabled solutions and services powering OEMs,\ndealerships and financial institutions to sell, finance and lease assets, has\nsigned a contract with BMO in the United States to use NETSOL’s Transcend\nFinance platform for its equipment finance portfolio.\n\nIn moving to NETSOL’s solution, BMO will manage equipment financing assets\nthrough the advanced capabilities of Transcend Finance, setting a new standard\nfor efficiency, customer experience, and digital transformation in the\nfinancial services sector. This contract marks BMO’s transition from\nNETSOL’s legacy LeasePak platform to Transcend Finance.\n\nBuilt on NETSOL’s global experience, Transcend Finance is a next-generation,\nAI-powered platform that unifies originations, servicing, and wholesale\nfinance. Designed for scalability and flexibility, it enables lenders,\ncaptives and commercial financiers to accelerate digital transformation,\nlaunch new business models, and manage the complete finance lifecycle with\nintelligence and precision. This upgrade will position BMO at the forefront of\ndigital asset finance solutions, driving agility and growth in a competitive\nmarketplace.\n\n“This upgrade with BMO is a testament to the enduring strength of our\npartnership and the unparalleled value NETSOL brings to one of the leading\nbanks in North America,” said Najeeb Ghauri, Founder and CEO of NETSOL\nTechnologies, Inc. “For over 30 years, NETSOL has been privileged to support\nBMO’s growth and innovation, delivering robust, reliable solutions. With the\ntransition to our Transcend Finance platform, BMO is poised to unlock new\nlevels of operational efficiency, risk management and customer engagement.”\n\n“This deal embodies our commitment to continuous innovation and client\nsuccess,” he added. “We are proud to support BMO as they lead the industry\nforward with a modern, flexible platform that empowers them to adapt quickly\nin an evolving market and deliver exceptional value to their customers.”\n\nAbout BMO Financial Group\nBMO Financial Group is the eighth largest bank in North America by assets,\nwith total assets of $1.5 trillion as of July 31, 2026. Serving clients for\nmore than 200 years, BMO provides a broad range of personal and commercial\nbanking, wealth management, global markets and investment banking products and\nservices across Canada, the United States, and select markets globally. BMO is\ninnovating for business value, by deploying and integrating human, digital and\nartificial intelligence to personalize client experiences, augment teams, and\nautomate its business responsibly. Driven by its purpose, to Boldly Grow the\nGood in business and life, BMO is committed to driving positive change in the\nworld, and making progress for a thriving economy, sustainable future, and\nstronger communities.\n\nAbout NETSOL Technologies \nNETSOL Technologies delivers state-of-the-art solutions for the asset finance\nand leasing industry, serving automotive and equipment OEMs, auto captives and\nfinancial institutions across over 30 countries. Since its inception in 1997,\nNETSOL has been at the cutting edge of technology, pioneering innovations with\nits asset finance solutions and leveraging advanced AI and cloud services to\nmeet the complex needs of the global market. Renowned for its deep industry\nexpertise, customer-centric approach and commitment to excellence, NETSOL\nfosters strong partnerships with its clients, ensuring their success in an\never-evolving landscape. With a rich history of innovation, ethical business\npractices and a focus on sustainability, NETSOL is dedicated to empowering\nbusinesses worldwide, securing its position as the trusted partner for leading\nfirms around the globe. \n\nForward-Looking Statements\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995 regarding the company's\nproducts and services, expectations for future operations, and other\nstatements that are not historical facts. These forward-looking statements may\nbe identified by terminology such as \"expects,\" \"anticipates,\" \"believes,\"\n\"intends,\" \"plans,\" \"projects,\" \"targets,\" and similar expressions. These\nstatements are not guarantees of future performance and are subject to a\nnumber of risks, uncertainties, and assumptions that are difficult to predict.\nFactors that could cause actual results to differ materially include, but are\nnot limited to, the timing of customer go-lives and contract renewals, the\nrate of adoption of AI-enabled product capabilities, foreign currency\nvolatility, and other factors discussed in NETSOL's most recent Annual Report\non Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the U.S.\nSecurities and Exchange Commission. Readers are cautioned not to place undue\nreliance on these forward-looking statements, which speak only as of the date\nhereof. NETSOL undertakes no obligation to publicly update or revise any\nforward-looking statement, whether as a result of new information, future\nevents, or otherwise.\n\nInvestor Relations Contact:\nInvestor Relations\n(818) 222-9195\ninvestors@netsoltech.com\n\nPhotos accompanying this announcement are available at:\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/091fd816-5449-4627-83c5-4bf1b983571b\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/eab45107-6b4f-488a-800b-e7c013c34f85\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8a9cd86b-b904-4a20-a55d-9bc05eaca7a6)\nNETSOL and BMO Sign Transcend Finance Agreement \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/091fd816-5449-4627-83c5-4bf1b983571b/en)\nNajeeb Ghauri, Founder and Chief Executive Officer of NETSOL Technologies\n(seated, left), and Tom Kritzer, Head, U.S. Equipment Finance at BMO (seated,\nright), sign the agreement bringing BMO Equipment Finance onto NETSOL's\nTranscend Finance platform, joined by David Abplanalp, Managing Director and\nChief Operating Officer, Equipment Finance at BMO (standing, left), and\nFaizaan Ghauri, President, Americas at NETSOL Technologies (standing,\nright).NETSOL CEO Najeeb Ghauri At BMO Office \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/eab45107-6b4f-488a-800b-e7c013c34f85/en)\nTom Kritzer, Head, U.S. Equipment Finance at BMO (left), and Najeeb Ghauri,\nFounder and Chief Executive Officer of NETSOL Technologies (right), at BMO's\noffices following the agreement signing.\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7LKNF5-20260915","title":"BMO Equipment Finance Selects NETSOL’s Transcend Finance Platform","author":"Globe Newswire","ticker":"NTWK","created":"2026-09-15T12:03:00.117Z","tickers":["NTWK"],"exchange":"NASDAQ","article_body":"ENCINO, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc.\n(Nasdaq: NTWK), a provider of AI-enabled solutions and services powering OEMs,\ndealerships and financial institutions to sell, finance and lease assets, has\nsigned a contract with BMO in the United States to use NETSOL’s Transcend\nFinance platform for its equipment finance portfolio.\n\nIn moving to NETSOL’s solution, BMO will manage equipment financing assets\nthrough the advanced capabilities of Transcend Finance, setting a new standard\nfor efficiency, customer experience, and digital transformation in the\nfinancial services sector. This contract marks BMO’s transition from\nNETSOL’s legacy LeasePak platform to Transcend Finance.\n\nBuilt on NETSOL’s global experience, Transcend Finance is a next-generation,\nAI-powered platform that unifies originations, servicing, and wholesale\nfinance. Designed for scalability and flexibility, it enables lenders,\ncaptives and commercial financiers to accelerate digital transformation,\nlaunch new business models, and manage the complete finance lifecycle with\nintelligence and precision. This upgrade will position BMO at the forefront of\ndigital asset finance solutions, driving agility and growth in a competitive\nmarketplace.\n\n“This upgrade with BMO is a testament to the enduring strength of our\npartnership and the unparalleled value NETSOL brings to one of the leading\nbanks in North America,” said Najeeb Ghauri, Founder and CEO of NETSOL\nTechnologies, Inc. “For over 30 years, NETSOL has been privileged to support\nBMO’s growth and innovation, delivering robust, reliable solutions. With the\ntransition to our Transcend Finance platform, BMO is poised to unlock new\nlevels of operational efficiency, risk management and customer engagement.”\n\n“This deal embodies our commitment to continuous innovation and client\nsuccess,” he added. “We are proud to support BMO as they lead the industry\nforward with a modern, flexible platform that empowers them to adapt quickly\nin an evolving market and deliver exceptional value to their customers.”\n\nAbout BMO Financial Group\nBMO Financial Group is the eighth largest bank in North America by assets,\nwith total assets of $1.5 trillion as of July 31, 2026. Serving clients for\nmore than 200 years, BMO provides a broad range of personal and commercial\nbanking, wealth management, global markets and investment banking products and\nservices across Canada, the United States, and select markets globally. BMO is\ninnovating for business value, by deploying and integrating human, digital and\nartificial intelligence to personalize client experiences, augment teams, and\nautomate its business responsibly. Driven by its purpose, to Boldly Grow the\nGood in business and life, BMO is committed to driving positive change in the\nworld, and making progress for a thriving economy, sustainable future, and\nstronger communities.\n\nAbout NETSOL Technologies \nNETSOL Technologies delivers state-of-the-art solutions for the asset finance\nand leasing industry, serving automotive and equipment OEMs, auto captives and\nfinancial institutions across over 30 countries. Since its inception in 1997,\nNETSOL has been at the cutting edge of technology, pioneering innovations with\nits asset finance solutions and leveraging advanced AI and cloud services to\nmeet the complex needs of the global market. Renowned for its deep industry\nexpertise, customer-centric approach and commitment to excellence, NETSOL\nfosters strong partnerships with its clients, ensuring their success in an\never-evolving landscape. With a rich history of innovation, ethical business\npractices and a focus on sustainability, NETSOL is dedicated to empowering\nbusinesses worldwide, securing its position as the trusted partner for leading\nfirms around the globe. \n\nForward-Looking Statements\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995 regarding the company's\nproducts and services, expectations for future operations, and other\nstatements that are not historical facts. These forward-looking statements may\nbe identified by terminology such as \"expects,\" \"anticipates,\" \"believes,\"\n\"intends,\" \"plans,\" \"projects,\" \"targets,\" and similar expressions. These\nstatements are not guarantees of future performance and are subject to a\nnumber of risks, uncertainties, and assumptions that are difficult to predict.\nFactors that could cause actual results to differ materially include, but are\nnot limited to, the timing of customer go-lives and contract renewals, the\nrate of adoption of AI-enabled product capabilities, foreign currency\nvolatility, and other factors discussed in NETSOL's most recent Annual Report\non Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the U.S.\nSecurities and Exchange Commission. Readers are cautioned not to place undue\nreliance on these forward-looking statements, which speak only as of the date\nhereof. NETSOL undertakes no obligation to publicly update or revise any\nforward-looking statement, whether as a result of new information, future\nevents, or otherwise.\n\nInvestor Relations Contact:\nInvestor Relations\n(818) 222-9195\ninvestors@netsoltech.com\n\nPhotos accompanying this announcement are available at:\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/091fd816-5449-4627-83c5-4bf1b983571b\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/eab45107-6b4f-488a-800b-e7c013c34f85\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/8a9cd86b-b904-4a20-a55d-9bc05eaca7a6)\nNETSOL and BMO Sign Transcend Finance Agreement \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/091fd816-5449-4627-83c5-4bf1b983571b/en)\nNajeeb Ghauri, Founder and Chief Executive Officer of NETSOL Technologies\n(seated, left), and Tom Kritzer, Head, U.S. Equipment Finance at BMO (seated,\nright), sign the agreement bringing BMO Equipment Finance onto NETSOL's\nTranscend Finance platform, joined by David Abplanalp, Managing Director and\nChief Operating Officer, Equipment Finance at BMO (standing, left), and\nFaizaan Ghauri, President, Americas at NETSOL Technologies (standing,\nright).NETSOL CEO Najeeb Ghauri At BMO Office \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/eab45107-6b4f-488a-800b-e7c013c34f85/en)\nTom Kritzer, Head, U.S. Equipment Finance at BMO (left), and Najeeb Ghauri,\nFounder and Chief Executive Officer of NETSOL Technologies (right), at BMO's\noffices following the agreement signing.\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-15T12:03:00.169736334Z","server_sent_at_ms":1789473780169},"received_at":"2026-09-15T12:03:00.226Z","source_url":null},"analysis":{"id":"132632","press_release_id":"143795","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Contract value, duration, and revenue timing were not disclosed, limiting quantification of the win"],"eventType":"operations_update","narrative":"NETSOL Technologies (Nasdaq: NTWK) has signed a contract with BMO in the United States to run BMO's equipment finance portfolio on NETSOL's Transcend Finance platform.\n\nThe deal migrates BMO — the eighth-largest bank in North America with $1.5 trillion in total assets — off NETSOL's legacy LeasePak platform after a relationship spanning more than 30 years.\n\nNo contract value or term was disclosed, but the win is a marquee U.S. validation of the AI-powered Transcend Finance platform and locks a top-tier financial institution into NETSOL's next-generation stack.\n\nManagement framed the upgrade as proof of the partnership's durability and a driver of future operational efficiency and customer engagement for BMO.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Marquee BMO migration from legacy LeasePak to Transcend Finance validates NETSOL's next-gen platform in U.S. equipment finance."},"keyFigures":{"customDimensions":{"client_total_assets":"$1.5 trillion","client_rank_na_banks":"8th largest bank in North America by assets","partnership_duration":"over 30 years","existing_client_upsell":true,"contract_value_disclosed":false}},"quotedText":"This upgrade with BMO is a testament to the enduring\nstrength of our partnership and the unparalleled value NETSOL brings to one of the leading\nbanks in North America","namedEntities":{"people":[{"name":"Najeeb Ghauri","role":"Founder and CEO of NETSOL Technologies"},{"name":"Tom Kritzer","role":"Head, U.S. Equipment Finance at BMO"},{"name":"David Abplanalp","role":"Managing Director and Chief Operating Officer, Equipment Finance at BMO"},{"name":"Faizaan Ghauri","role":"President, Americas at NETSOL Technologies"}],"products":["Transcend Finance","LeasePak"],"companies":[{"name":"NETSOL Technologies, Inc.","ticker":"NTWK","relationship":"filer / platform vendor"},{"name":"BMO Financial Group","relationship":"customer (contract signed for its BMO Equipment Finance division in the United States)"}],"dollarAmounts":[{"amount":"$1.5 trillion","context":"BMO Financial Group total assets as of July 31, 2026"}]},"materialImpact":{"score":3,"reasoning":"A marquee contract win: BMO, the eighth-largest bank in North America and a 30-year NETSOL client, will migrate its U.S. equipment finance portfolio from the legacy LeasePak platform to the flagship Transcend Finance platform. No contract value, term, or revenue timing was disclosed, which caps the score below 4."},"tickerRelevance":{"others":[],"primary":"NTWK"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"clientTier":"top-10 North American bank ($1.5T assets)","tickerTier":"small-cap","eventGravity":"enterprise-contract-win","sectorWeight":"niche fintech software","existingClientUpsell":true,"financialTermsDisclosed":false}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"NETSOL Technologies (Nasdaq: NTWK) has signed a contract with BMO in the United States to run BMO's equipment finance portfolio on NETSOL's Transcend Finance platform.\n\nThe deal migrates BMO — the eighth-largest bank in North America with $1.5 trillion in total assets — off NETSOL's legacy LeasePak platform after a relationship spanning more than 30 years.\n\nNo contract value or term was disclosed, but the win is a marquee U.S. validation of the AI-powered Transcend Finance platform and locks a top-tier financial institution into NETSOL's next-generation stack.\n\nManagement framed the upgrade as proof of the partnership's durability and a driver of future operational efficiency and customer engagement for BMO.","key_figures":{"customDimensions":{"client_total_assets":"$1.5 trillion","client_rank_na_banks":"8th largest bank in North America by assets","partnership_duration":"over 30 years","existing_client_upsell":true,"contract_value_disclosed":false}},"named_entities":{"people":[{"name":"Najeeb Ghauri","role":"Founder and CEO of NETSOL Technologies"},{"name":"Tom Kritzer","role":"Head, U.S. Equipment Finance at BMO"},{"name":"David Abplanalp","role":"Managing Director and Chief Operating Officer, Equipment Finance at BMO"},{"name":"Faizaan Ghauri","role":"President, Americas at NETSOL Technologies"}],"products":["Transcend Finance","LeasePak"],"companies":[{"name":"NETSOL Technologies, Inc.","ticker":"NTWK","relationship":"filer / platform vendor"},{"name":"BMO Financial Group","relationship":"customer (contract signed for its BMO Equipment Finance division in the United States)"}],"dollarAmounts":[{"amount":"$1.5 trillion","context":"BMO Financial Group total assets as of July 31, 2026"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-15T12:05:28.385Z","global_importance":25,"audience_relevance":20,"importance_components":{"clientTier":"top-10 North American bank ($1.5T assets)","tickerTier":"small-cap","eventGravity":"enterprise-contract-win","sectorWeight":"niche fintech software","existingClientUpsell":true,"financialTermsDisclosed":false}},"durationMs":64584,"modelName":"glm-5.3-flash"}}