Company Milestones
1989

PSL launchs bank software covering savings, current accounts, retail loans, dev finance, treasury and GL
1990

Residential mortgages module implemented
1992

Asset finance module developed and implemented
1996

PSL’s first external sale to The Bank of England
1997

GE Capital become PSL’s first client since becoming independent
1997

Phoebus redeveloped as a platform & database independent JAVA application
2000

Crown Mortgages becomes a client. subsequently acquired by Capita which is now Link Asset Services
2002

Developed commercial mortgage module
2002

Automated intelligent workflow launched to control arrears and asset management
2004

High volume web and back office mortgage originations module implemented in time for “Mortgage Day”
2007

Sub-participation and syndication module built. Pension Deficit module launched.
2007

Launched origination and servicing of Equity Release mortgages
2010

PSL achieves Investors in People accreditation which has been maintained since
2011

Launch of hosting proposition.
2011

Migration of 350,000 accounts from Target’s Centrac system on to the Phoebus Client @ GE Home Lending
2012

PSL is recognised with an industry award by Mortgage Finance Gazette for migration functionality
2012

Savings module upgraded for high volume of accounts. High volume web unsecured loan module implemented
2012

Major upgrade to Securitisation module
2014

First instance in Ireland
2018

Client mortgage migrations self-service capability developed and launched
2019

Innovation Hub “No. 43” launched
2019

Mortgage originations and migrations API launched
2020

Digital Mortgages Self-Service launched for PSL clients