Northridge Finance, a division of Bank of Ireland UK, has deployed NETSOL Technologies’ AI-driven Transcend Finance platform to streamline its wholesale finance operations. The platform automates and manages the entire wholesale finance lifecycle, providing increased efficiency, operational agility, and scalable growth for dealers and distributors.

“We are thrilled to announce that we have successfully implemented our Transcend Finance platform for Northridge Finance to underpin their growth strategy of their wholesale finance operations,” said Najeeb Ghauri, founder and chief executive officer of NETSOL Technologies Inc.

“Northridge have exciting plans and wanted differentiated and elevated capabilities in wholesale stocking. Transcend Finance gives them increased operational agility, automation, faster payments, robust risk management and a richer dealer experience they can use to grow their portfolio. We are excited to partner with them as they embrace the future of wholesale finance with our cutting-edge technology,” Ghauri added.

Jason Hurwitz, sales director at NETSOL Technologies Europe, added: “We’re immensely proud to partner with Northridge on their digital transformation journey. Our expertise in wholesale finance coupled with our innovative technology offers a comprehensive wholesale finance platform that drives business growth, adds material value to dealers and enhances the lender-dealer relationship.”

Spencer Halil, Managing Director of Northridge Finance, said: “We were impressed with NETSOL’s innovative platform and approach which will enable us to strengthen our proposition to our dealers who will now be better connected through a platform which offers the flexibility and instant access, including a mobile app.”

“At Northridge, premium dealer experiences are fundamental and aligned to Northridge’s values and proposition and we will continue to invest in innovation, including AI technology as we enhance our dealer offerings,” he added.

Read more on how digital transformation is reshaping wholesale finance in the UK with Northridge Finance.