NETSOL Technologies Inc. (NASDAQ: NTWK) announced the renewal of a multi-million-dollar agreement with a multinational bank in the United Kingdom. The contract extends the bank's use of NETSOL's finance and leasing platform for retail and wholesale finance operations.

The renewal continues a business relationship that has spanned more than 15 years between the California-based technology company and the unnamed financial institution. NETSOL provides AI-enabled solutions and services for original equipment manufacturers, dealerships and financial institutions.

Under the agreement, the bank will continue using NETSOL's platform to support its finance operations in the UK market. The company did not disclose the specific financial terms or duration of the renewed contract.

"Our continued partnership with this leading multinational bank reflects the role of our technology and the enduring trust we have built over the years," said Naeem Ghauri, Co-Founder and President at NETSOL Technologies Inc.

NETSOL Technologies serves clients across more than 30 countries, providing asset finance and leasing solutions to automotive and equipment manufacturers, auto captives and financial institutions. The company was founded in 1996 and is based in Encino, California.