Phoebus, a fintech company based in the UK, has recently unveiled the launch of a new cloud-native SaaS mortgage servicing platform. This move follows substantial investments in advanced technology, aimed at elevating the standards of mortgage servicing.
The latest investment has introduced a host of new capabilities to the company’s technology, revolutionizing the way the system handles various types of lending, savings, and deposit-taking. With an increased focus on security, integration, and competitive advantage, Phoebus is committed to delivering a more efficient and user-friendly experience for its clients.
A key feature of the new technology is the additional level of authentication and security, designed to enhance the already accurate, scalable, and robust calculation engine for which Phoebus is renowned. Furthermore, the new technology offers more open microservice application program interfaces (APIs), enabling clients to benefit from services offered by other innovative technology firms.
Through its extensive partnership program, Phoebus aims to integrate with other suppliers within a broader ecosystem, ultimately providing its clients with significant competitive advantages, improved business efficiency, and reduced infrastructure and operational costs. Additionally, the new platform promises greater system availability and resilience against downtime, ultimately enhancing the overall user experience.
The company has also prioritized the user interface of the new platform. The modern design is tailored to support the diverse business processes of lenders and deposit-takers, with a particular focus on ease of use and increased business productivity. With the goal of reducing training requirements, the new design aims to streamline the onboarding process for new employees and application users.
Officials at Phoebus have emphasized the significant investment in both technology and human resources that went into developing this next-generation servicing platform. They have already commenced the process of transitioning their clients to the new system, with plans to continue this migration in the near future.
Phoebus has a track record of successful partnerships, such as the five-year collaboration with Atom Bank in 2016 to work on servicing Atom’s secured business lending operations. Through this partnership, the two companies were able to develop Atom’s business lending platform within a remarkably short timeframe, providing Atom’s internal team with a robust platform for originating loans through intermediary lending.
In conclusion, the introduction of Phoebus’ new mortgage servicing technology represents a significant milestone for the company and its clients. With a strong emphasis on security, integration, and user-friendliness, Phoebus aims to provide a cutting-edge platform that not only meets the needs of its clients but also exceeds their expectations in an ever-evolving market.
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