When you hear the name Phoebus Software , it is generally associated with reliability , robustness and experience . This is because for over 30 years , Phoebus Software Limited ( PSL ) has been at the heart of supporting the banking and lending sectors by providing mission critical platforms , on which today are serviced over £ 50 billion of varying asset types in Sterling and Euros .

Today , we continue to see the immergence of varying digital solutions especially in the challenger bank and lending sectors . The launch of an array of new Fintech providers has created real diversification in the marketplace with suppliers looking for their own specific USPs , especially in the area of the user interface ( UI ). Users today are labelled in many ways whether they be either Generations X or Z , the iGeneration or Millennials , but they have one thing in common – they expect digitised efficiencies with a look and feel they can relate through their personal online interactions in areas such as gaming .

Open Banking is now a major driver in the banking sector and software providers are required to deliver to the requirements of this exciting opportunity . So how does Phoebus fit in with providing such solutions in this new digitised age ?

The balance the industry needs to find is in the area of innovation verses the requirements of a highly regulated environment . For a software supplier such as Phoebus Software Limited , this provides opportunity as through implementing Phoebus , banks can build their foundations on a proven , compliant and scalable platform , and then opt to use whatever technologies they require ( whether Phoebus or otherwise ) to deliver the customer experience they want using compliant Phoebus APIs .

Take Hampshire Trust Bank ( HTB ) as an example . Proving PSL ’ s partnership approach to client delivery , the relationship between the two organisations actually dates back over thirty years when the Phoebus solution was developed and implemented to run Heritable Bank ’ s full banking operations . Heritable Bank was a multi-currency , multi-product merchant bank and key individuals within its management team became the management team that took over Hampshire Trust Bank in 2014 using PE backing . As a previously trusted partner that supported all of HTB ’ s day 1 product and distribution requirements , it was a natural choice for Phoebus to be selected as the platform to provide HTB ’ s functionality in these areas .

Neil Dyke , CTO at Phoebus Software comments , “ we have various specialist banking clients and HTB in particular is one with evolving , forward thinking requirements that means that Phoebus needs to be able to support various digital solutions for them . Working with HTB allows us to ensure that our core solution supports the digital requirements of a modern bank such as HTB , whilst supporting mission critical areas such as financial and regulatory requirements which are core to the Phoebus platform ”.

“ What we have delivered to many clients now is a range of APIs allowing the 2-way movement of data between Phoebus and other solutions required as part of a technology stack , whether that be mobile applications , Phoebus developed , or 3rd party digital originations platforms or more specialist solutions such as treasury providers , valuation companies , etc . This approach fits in with HTB ’ s and other clients future strategies which we regularly review with them ”.

Richard Pike , sales and marketing director at Phoebus Software adds , “ the market requires flexibility and we have built our digital strategy around this . There are highly aspirational innovative banks out there that have launched having gone down the full system development build route that will undoubtedly come to the conclusion , probably driven at a point of scale , that a more robust core engine such as Phoebus should be used to ensure financial integrity and compliant activities . Customer facing innovation can continue to be developed in areas such as UI and UX by these organisations which can easily be integrated via Phoebus APIs . Our experience of working with such institutions in critical areas such as migration means PSL is very well placed to assist such businesses ”.