back Back

Phoebus Software reaches £80b assets under management

By Leandra Monteiro

March 31, 2022

  • Assets Under Management
  • Credit Management
  • Digital Lending
Share

Phoebus Software Following a hugely successful year of growth for Phoebus Software Limited (PSL), the balances of loans and savings serviced on the Phoebus servicing platform have now increased to over £80 billion.

This growth has been achieved during a significant period of investment in the strategies both for Phoebus digital and Phoebus ecosystem. PSL has made an investment in its originations and migrations API which enables lenders to seamlessly onboard mortgages from any origination or servicing platforms. This means PSL clients can choose to make a true ‘best of breed’ choice for both their origination and servicing end-user experience.

Other major investments include enabling lenders to provide their borrowers with the functionality to digitally self-serve their mortgage accounts, putting them in control and helping to reduce the flow of calls and correspondence into client contact centres. In addition, a new suite of AI-powered, call-centre user screens have been developed with benefits including the prediction of the next likely screen to be required during a conversation. All of this, backed by working with carefully selected strategic partners to deliver value-add solutions, has assisted in significant growth.

Commenting on this milestone for the PSL business, 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 this has been reflected in the demand we have seen from significant new and existing clients. Our investment in digital technology will ensure the Phoebus system is both state-of-the-art now and remains so in the future.”

Previous Article

March 31, 2022

Thunes partners with Clearpay to enable BNPL options for its merchants

Read More
Next Article

March 31, 2022

Yonder announced a £20m seed round ahead of its launch in the UK

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Assets Under Management

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Aven raises $142m in Series D to bring home equity-backed credit card

Read More

July 18, 2024

Systems Limited & Formpipe team to drive digitalisation for MEA banks

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024