Phoebus will provide an end-to-end commercial solution for lending and deposits with a fully integrated eDeposit solution being provided through PSL’s strategic partner QTS.
Mike Kirsopp, Cambridge & Counties Bank’s chief operating officer, said: “We are confident that Phoebus shares our customer centric approach which will enable us to deliver the level of service customers are looking for, including the ability to open accounts online in a simple and straightforward manner.
“We believe Phoebus offers the expertise and flexibility to grow and develop our system with us as our bank and product offering expands, ensuring we can respond more quickly to customer needs than the traditional high street banks.”
Phoebus Software’s managing director, Paul Hunt, said: “It is vital for the health of the commercial market that new banking entrants are at the forefront of technology and product development.
“I’m pleased to say that yet again, Phoebus Software has beaten some well-known suppliers to win this significant client. Cambridge & Counties Bank is a notable new player in the UK banking market and we look forward to working with them over the next five years.”