Phoebus Software Ltd has achieved 25% growth in portfolio size, reaching £120bn in assets under management.
This increase included a rise in specialist lending assets serviced on its platform in 2024, including equity release.
The growth reflected the firm’s investment in its digital servicing technology, which offers functionality across retail and commercial lending as well as deposits products.
Adam Oldfield, CEO at Phoebus, said: “These figures are representative of our position in the market as the servicing supplier of choice.
“We’ve been working in the financial services industry since 1989 and this maturity, coupled with our latest state-of-the-art digital offerings, means clients on both sides of the balance sheet can benefit from our vast experience and the best technology available in the market today.
“With a number of future announcements to come, we are expecting a very strong performance moving into 2025 and beyond.”
