Phoebus Software Limited (PSL) and Financial Services Horizons (FSH) have agreed an exclusive strategic partnership agreement.
PSL has 26 clients in the UK and Ireland, with over £65 billion in assets under management running on Phoebus servicing in the UK and Ireland. Its client base consists of banks, building societies, third party administrators and residential and commercial lenders.
FSHorizons (FSH) offers a cloud based, third generation digital banking platform providing full open banking capabilities across retail, SME, youth and savings accounts. The partnership with PSL means FSHorizons’ range of products and services can be provided to any banks or building societies digitally.
Services provided include providing advisory services to new entrants through to offering full banking capabilities including e-money license, scheme provider set up, card provisioning (digital or plastic) and full back office support for account opening and compliance.
Adam Oldfield, PSL’s head of sales and account management who has responsibility for strategic partnerships, said: “We continue to undertake research on market requirements and how we can integrate with specially chosen partners to add real value to both existing and new clients. FSH is an entrepreneurial business offering innovative solutions that enable financial institutions to provide its customers with real value-add.
“FSH provides a range of services that will be integrated with Phoebus, including allowing existing and future clients to take advantage of open banking. It will also enable them to differentiate their traditional lending and savings products in a more digital way which the consumers of today and tomorrow undoubtedly expect.”
David Spencer, business development director at FSHorizons, added: “In choosing a partner to work with, Phoebus was an obvious choice both in terms of the quality of the software but also in terms of the company’s capabilities in the banking and lending industries. We believe this partnership will only be beneficial to all of our clients moving forward.”