Phoebus Software achieves £70 billion of assets under management on servicing solution

By Megha Bhattacharya

Phoebus Software Limited announced that the balances of loans and savings serviced on the platform have now increased to over £70 billion. The company has made investments in its originations API which enables lenders to seamlessly onboard mortgages from any originations’ platform. Other major investments include the Phoebus’ self-service portal which allows borrowers to digitally self-serve their mortgage accounts, putting them in control and helping to stem the flow of calls and correspondence into client call centres.

Richard Pike, Sales and Marketing Director said, “We continue to grow both organically and in new business wins. The Phoebus product suite is renowned both in terms of functionality and stability and through our ecosystem and digital deliveries we can only see more successes in the future. Our continued investment in our products will ensure Phoebus remains at the forefront of market requirements and we look forward to announcing several new initiatives over the coming months.”

Recently, Phoebus Software Limited (PSL) today announced a strategic partnership with Financial Services Horizons, a provider of open banking capabilities across retail, SME, youth, and savings accounts. This partnership follows PSL’s recent contract with UK-based specialist mortgage lender Pure Retirement.

According to PSL, the collaboration will expand FSHorizons’ range of products and services to banks or building societies digitally. Services provided include providing advisory services to new entrants through to offering full banking capabilities including e-money license, scheme provider set up, card provisioning (digital or plastic), and full back-office support for account opening and compliance.

Phoebus Software, also, announced a new contract with UK-based specialist mortgage lender Pure Retirement. The companies have been in collaboration since 2014. Pure Retirement has leveraged Phoebus’ solutions for originating and servicing its later life lending products. Recently, the company entered into an agreement with contact center analytics provider Yabber in a bid to allow it to become a part of the Phoebus Digital Ecosystem.