Phoebus Software Limited (PSL) and Hampshire Trust Bank have renewed their contract which will see the Phoebus solution continue to service the bank’s specialist mortgage and development finance lending propositions.

Hampshire Trust Bank chose the Phoebus solution as its core banking platform when it launched in 2014. The two firms have worked together since then with PSL supporting the bank’s a products and proposition designed for the specialist markets.

Adam Oldfield, head of sales and account management at Phoebus Software Ltd, said: “We are obviously very pleased that our long-term partnership with Hampshire Trust Bank has enabled the signing of this new deal.

“Hampshire Trust is a hugely innovative specialist bank which will continue to expand into new product lines as the market evolves. The new deal means that the bank can continue to utilise all of the functionality that Phoebus offers to underpin its business moving forward.”

Robin Jeffery, director of transformation at Hampshire Trust Bank, added: “PSL is a valued delivery partner and we have a great track record of working together in developing their technology to support our product propositions.

“We are delighted that we have renewed our contract and look forward to continuing our partnership over the forthcoming years to continue to support the specialist markets.”