Phoenix SoftNet Technologies: Offering Customized Fintech Solutions with Partnership Approach

CIO Vendor Industry segments that were hitherto being considered conventional and reluctant to change are now embracing new technologies to transform their operational procedures. Financial services is one such industry vertical. Reports suggest that close to 80 percent of financial institutions have either implemented fintech solutions within their organization or are planning to do so. However, with time a realization has dawned upon them that boxed solutions are not necessarily solving their problems and might as well be adding to their woes. Hence, financial institutions are now looking for solutions that can be customized to their specific business needs and more importantly they are inclined towards working with a partnership approach rather than going for one time implementations.

Phoenix SoftNet Technologies is providing them exactly that. Founded in the year 2001, with a commitment to providing professional software development, application support services including maintenance of application software and network management support to businesses that were looking towards technology to gain an edge in the market, Phoenix SoftNet Technologies, ISO 9001-2015 certified for Quality Software Development has carved a niche for itself as an efficient and committed technology implementer to financial companies.

“Un like other solution providers, our business is not limited to client-vendor relationships but immensely adds value to becoming or attaching itself as a part of the client organization. Such is our commitment to customer understanding that our development processes are driven by the value attached by customers to their businesses and our vision rests on shared goals. We act as a partner or as an extended arm of our clients in delivering real world business and IT solutions to help them overcome their business bottlenecks,” says Ravishekar K, Director, Phoenix SoftNet Technologies.
Loans and Mortgages industry expertise
The company has a deep understanding of the Loans and Mortgages industry in India, of both fresh and stressed loans, and with its range of Base solutions, it has a team with the talent and experience to customize the softwares further to match every process requirement. One of the flagship solutions provided by the company is LoansDrive – an enterprise mortgages and loans management solution which has been designed to cater to the needs of small and medium organizations in the business of Mortgages and Home Financing. The product supports completely centralized and decentralized business set ups and can handle high quantum of user base with a pay-per-user model of licensing. It can be integrated with third party software applications and is also available on Cloud.


Unlike other solution providers, our business is not limited to client-vendor relationships but immensely adds value to becoming or attaching itself as a part of the client organization

Phoenix SoftNet Technologies also provides a robust online auction and bidding platform – Auction Drive wherein the user can create both Retail and Wholesale assets auctions in advance, send out intimations to bidders, place advts in newspapers, collect EMDs from registered bidders, allow bidders to bid on multiple assets simultaneously and upon successful bidding go through the methods of collecting payment and issue a Sale certificate.

“We have added a few new solutions to our stable – an online investment (advisory) platform for HNIs, an online Loans appraisal platform, Stressed Assets Restructuring and Resolutions (for ARCDrive) and there are more to come. We at Phoenix Softnet know for sure that our role in the industry is only going to get bigger as we deploy our solutions across board,” signs off Ravishekar.