Financial Services Horizons (FSH) offers a cloud-based third generation digital banking platform which provides full open banking capabilities across retail SME, youth and savings accounts.
Services 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.
For Phoebus, this partnership means FSH becomes the latest addition to its growing digital ecosystem, which has been designed to offer additional value to both new and existing clients.
PSL has 26 clients in the UK and Ireland many of which are regulated entities. There is over £65 billion in assets under management running on Phoebus servicing in the UK and Ireland and its client base consists of banks, building societies, third party administrators and residential and commercial lenders, including Equity Release.
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, said: “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”.
