Following its multi-million-pound investment, Phoebus has launched its next generation cloud-native Software-as-a-Service (SaaS) mortgage servicing platform.

The new technology adds an additional level of authentication and security, and more open microservice application programme interfaces (APIs).

As a result, Phoebus says its clients can expect increased business efficiency through agility and scalability. Other benefits include reduced infrastructure and operational expenditure, greater system availability and resilience against downtime.

Neil Dyke (pictured), chief technology officer at Phoebus, said: “We have invested heavily in both technology and human resources – our exceptionally strong team has been working hard on developing this next-generation servicing platform.

“We’ve started moving our clients over to the new system, and this will continue over the coming months.”