New client wins and implementations, as well as existing clients migrating new books on to the platform, were the main contributors to its growth, in addition to clients that originated new business and organically grew their books.
Phoebus – which offers a multi-channel, multi-product and multi-currency banking, lending and deposits solution – is set to continue investment into research and development into its product in 2019.
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Richard Pike, sales and marketing director at Phoebus Software, claimed: “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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