Breaking Property News – 23/05/24
Daily bite-sized proptech and property news in partnership with Proptech-X.
Phoebus exceeds £110 billion assets managed in UK and Europe
Following several new client wins, assets managed in the UK and Europe on the Phoebus servicing platform have topped £110 billion. This follows major investment in the Phoebus servicing product and API ecosystem that allow clients to use Phoebus seamlessly alongside any other applications required to service their customers. Products serviced include all major property finance products, deposits and savings.
Commenting on this achievement, Richard Pike, chief sales and marketing officer said: “The Phoebus solution has a pedigree unlike any other. For more than 30 years, we have been delivering high automation and financial integrity to specialist lenders, banks and building societies that require lending and savings capabilities.
“With our ongoing investment programme, today we continue to be a hugely attractive proposition for anyone wishing to service loans or savings. Unrivalled capabilities in mission critical areas of migrations and securitisation, that are highly relevant in today’s market, underpin all of the product’s rich functionality.
“We are finding that more and more institutions continue to de-risk implementations by working with experts like us rather than buying solutions that are unproven and end up needing huge development and take forever to implement.”
Phoebus Software Limited is a mortgages and savings technology provider founded in 1989. In 1997, Phoebus became fully independent, followed by a management buyout (MBO) in 2019, which was supported by Northedge Capital LLP.
The Phoebus technology platform services multi-channel, multi-product and multi-currency banking, lending and deposits. It features market-leading functionality encompassing originations, primary and specialist servicing, general ledger, treasury and securitisation. Phoebus offers high automation to organisations through an integrated workflow solution.
£6,800 raised for the Fine & Country Foundation
Trio triumph in epic charity challenge, raising over thousands for the Fine & Country Foundation, after a gruelling five-day journey, Jon Cooke, CEO of nurtur.group, Sean Newman of Fine & Country Midlands, and Craig Dyce, current age group World and European Duathlon Champion, have successfully completed their ambitious challenge along the Grand Union Canal Towpath. The trio undertook this monumental effort to raise funds for the Fine & Country Foundation, and they have triumphantly raised over £6,800.
Despite facing the physical toll of sore legs and strapped up ankles, Cooke, Newman, and Dyce persevered through 154 miles, beginning at Gas Street Basin in Birmingham and concluding at Fine & Country’s Park Lane office in London. Covering an ultra-marathon distance of approximately 30 miles per day, their journey spanned the picturesque countryside of Warwickshire, Northamptonshire, Buckinghamshire, and the Chilterns, showcasing both their endurance and commitment to the cause.
Cooke and Dyce took on the challenge as runners, while Newman opted to walk the route. Their dedication was matched by an outpouring of support from the community through donations and joining them on various legs of the journey, walking, running, or biking alongside them.
Commenting on their achievement, Cooke said, “Completing this challenge was incredibly demanding, but knowing that our efforts are helping those in need made every step worthwhile. We’re deeply grateful for the support we’ve received and thrilled to have raised over £6,800 for the Fine & Country Foundation.”
(Sean Newman, Craig Dyce, Jon Cooke L-R)
Newman added, “This journey was about more than just reaching London; it was about raising awareness and funds for homelessness and poverty. Seeing people along the way who were sleeping under some of the canal bridges, really brought home why we were doing this challenge. The support from everyone who joined us and donated is truly heartwarming.”
Dyce, whose athletic prowess was a source of inspiration throughout the challenge, stated, “It was an honour to be part of this initiative. The funds raised will make a significant difference, and I’m proud of what we’ve accomplished together.”
The Fine & Country Foundation, established in 2014 by Malcolm Lindley and Sean Newman, is dedicated to assisting those facing poverty and homelessness. With this latest fundraising effort, the Foundation is edging closer to its £1 million milestone, a fitting celebration of its 10th anniversary.
The trio’s challenge has not only raised significant funds but also increased awareness of the Foundation’s mission.
Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X
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