Phoebus Software Limited

Phoebus Software Limited is a financial technology company based in Solihull, United Kingdom. It develops software for banks, building societies and specialist lenders across the UK and Ireland, supporting the administration of mortgages, loans, deposits and savings accounts. Its platform serves residential and commercial lending, including equity release and specialist buy-to-let portfolios.

The business traces its foundations to 1989, when its core system was created as a multi-currency banking and treasury platform. That background underpins its support for different lending and savings products, alongside account servicing and financial administration. In June 2019, NorthEdge Capital backed a management buyout alongside existing senior leadership to support development of the platform’s architecture and accelerate cloud adoption.

Platform and capabilities

The modular Phoebus platform uses an API-led infrastructure and is hosted on Amazon Web Services. It supports financial institutions across the lending life cycle, from origination and portfolio migration through ongoing servicing, arrears management and recoveries. Dedicated originations and migrations APIs provide tools for automated data onboarding, while its self-service portal supports digital customer access.

Operational capabilities include automated workflow processing, exception handling, real-time balance calculations and transaction auditing. The platform also supports securitisation, syndicated debt tracking, treasury management and financial reporting. These functions bring lending and savings administration together with the controls and reporting required by financial institutions.

Implementation experience

Phoebus works with institutions on both platform implementation and the migration of existing portfolios. Supported engagements include account servicing and wholesale funding securitisation for Atom Bank, mortgage servicing and origination or migration APIs for Monmouthshire Building Society, and the migration and servicing of Aviva’s equity release portfolio. Its work also includes loan management, account administration and specialist mortgage servicing for other lenders and servicing businesses.