Phoebus has announced that the balances of loans and savings on its servicing platform has increased to over £100bn assets under management.
It increased by 25% in just one year from £80bn to over £100bn AUM.
Since 2011, balances on the solution have increased from circa £5bn to today’s milestone.
Phoebus said this is testament to the support provided not only to its clients’ own growth aspirations but continuing to enhance the offering to new entrants to market and new clients alike.
Phoebus has been servicing accounts since 1989 on behalf of third-party administrators, lenders, specialist banks and building societies across a range of consumer and commercial products in the UK and Europe.
Phoebus CEO Paul Hunt said: “We are hugely proud of what we have achieved and 2023 is looking like being another year of significant growth. We will continue to differentiate ourselves through a transparent and pragmatic relationship with existing and new clients, as well as our strategic partners.
“This transparency coupled with our proven delivery track record will continue to be a key focus as we seek to continue in our evolution and growth moving forward.”
