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First State-Owned Auto Finance Company in West China to Offer Leasing Goes Live With Entire NetSol Financial Suite
CALABASAS, Calif., Sept. 18, 2012 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a provider of global IT and enterprise application solutions, today announced that Chongqing Auto Finance Co., Ltd. (CQAFC)—West China's first non-captive China Banking Regulatory Commission-approved auto finance company to conduct leasing of various auto brands and models—has gone live with the entire NetSol Finance Suite (NFS™).
The agreement includes the license, full implementation and maintenance of NFS™, including the Credit Application Processing System, Contract Management System and Wholesale Finance System. NetSol completed the implementation on schedule in four months.
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