Phoebus Software and Sandstone Technology have teamed up to provide a complete solution for internet based savings and deposit accounts.
With low start up costs and proven internet banking and back office technology, it includes 'best of breed' on-line savings functionality and caters for all savings accounts including ISAs, bonds and notice accounts.
The site can be operational in weeks. It is secure, fully compliant and available 24x7.
Screens are intuitive and there is a high degree of self serve functionality (ideally suited to the profile of internet savers). The application process is entirely automated. Savers can see an account overview and transaction history as well as make balance enquiries and transfers to nominated accounts. They can access .pdf statements 'on demand' and secure messaging is included. This self serve philosophy not only meets the high expectations of internet users, it realises important savings by minimising the support and back office resource required making eSave a very effective low cost solution.
"This is an ideal strategic partnership," explained Mark Aldred, General Manager of Sandstone Technology UK. “Phoebus is a well established provider of administration and servicing systems and we are a leading provider of internet based solutions for all types of current & savings accounts. We tested the market recently and were delighted by the response from both societies and licensed deposit takers" he said.
"In the current climate, there is a lot of interest in low cost and quick to market solutions for internet based savings accounts” says Robert Lintonbon, CEO of Phoebus Software. “Not only is this fast implementation and quick to market – the ongoing monthly cost is variable according to deposit book size. When you are busy (and the level of investment increases) the monthly service charge increases accordingly. If the book value decreases, so the service charges decrease. Of course if you are new to internet savings, your initial costs based on a small book size will be minimal. You can completely outsource to a Phoebus approved servicing company. If you are looking for a long or short term solution we can structure a highly competitive arrangement and get you up and running quickly".
The eSave solution can be accessed via a link on your existing web site – or can be a completely separate entity or outsourced solution. For more details, contact:
Robert Lintonbon @ Phoebus Software rjl@phoebussoftware.com
Mark Aldred @ Sandstone Technology markaldred@sandstone-tech.com
Note: Whilst eSave is a packaged proposition for internet retail savings, the same underlying solution is proven and used for other types of account |
