Phoebus Software Limited (PSL) has increased its clients’ lending and savings balances serviced on the Phoebus solution to over £50 billion, an increase of around £10bn in the second half of 2018.

New client wins and implementations in 2018, alongside existing clients migrating new books onto the Phoebus servicing platform, are main contributors to this growth, as well as PSL clients that originate new business organically growing their books.

PSL’s multi-currency system, services a broad range of products for banks, lenders and third-party servicers.

Richard Pike (pictured), sales and marketing director of PSL, said: “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.”