Phoebus Software teams up with Financial Services Horizon

By Megha Bhattacharya

Phoebus Software Limited (PSL) has 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.

David Spencer, Business Development Director at FSHorizons, added, “In choosing a partner to work with, Phoebus was an obvious choice both in terms of the quality of the software but also in terms of the company’s capabilities in the banking and lending industries. We believe this partnership will only be beneficial to all of our clients moving forward”.

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.

Adam Oldfield, PSL’s head of sales and account management commented, “We continue to undertake research on market requirements and how we can integrate with specially chosen partners to add real value to both existing and new clients. FSH is an entrepreneurial business offering innovative solutions that enable financial institutions to provide its customers with real value-add.”

“FSH provides a range of services that will be integrated with Phoebus, including allowing existing and future clients to take advantage of open banking. It will also enable them to differentiate their traditional lending and savings products in a more digital way which the consumers of today and tomorrow undoubtedly expect.”