Phoebus Tops £50bn Assets Under Management

24 January 2019

Following a strong 2018 performance, Phoebus Software Limited (PSL) has increased its client’s lending and savings balances serviced on the Phoebus solution to over £50 billion, an increase of circa £10bn in the second half of the year.  

New client wins and implementations in 2018, alongside existing clients migrating new books onto the Phoebus servicing platform, are main contributors to this rapid growth, as well as PSL clients that originate new business organically growing their books. 

PSL’s multi-currency system, services a broad range of products for banks, lenders and third-party servicers. The company has invested a large amount in research and development in product development over many years, particularly since the last credit crisis. This investment will continue in 2019.

Commenting on this latest milestone for the PSL business, Richard Pike, sales and marketing director of PSL says, “Phoebus is generally recognised as the most robust and accurate servicing platform in the market.  Add to this the process automation achieved via the integrated workflow, and the additional modules available such as securitisation which is now becoming very relevant again in the market, we expect growth increasing in 2019 at the same pace moving forward”.  

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For further information please contact:

Name:                  Debbie Staveley, bClear Communications

Telephone:         0771 896 8434 (m) or 01275 542511 (d)

E-mail:                  debbie.staveley@bclear.co.uk

Media contact

Debbie Staveley
Director and Owner,
bClear Communications

Telephone
+44 (0)1275 542 511

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