Phoebus Software Limited and Hampshire Trust Bank have confirmed that the pair have renewed their contract.

The deal will see the Phoebus solution continue to service the bank’s mortgage and development finance lending propositions.

Hampshire Trust Bank chose the Phoebus solution as its core banking platform when it launched in 2014. Since then, the two firms have worked together with Phoebus supporting the bank’s products and proposition designed for the specialist markets.

“We are obviously very pleased that our long-term partnership with Hampshire Trust Bank has enabled the signing of this new deal,” said Phoebus head of sales and account management, Adam Oldfield.

“Hampshire Trust Bank is a hugely innovative specialist bank which will continue to expand into new product lines as the market evolves. The new deal means that the bank can continue to utilise all of the functionality that Phoebus offers to underpin its business moving forward.”

Hampshire Trust Bank director of transformation, Robin Jeffery, added: “Phoebus is a valued delivery partner and we have a great track record of working together in developing their technology to support our product propositions.

“We are delighted that we have renewed our contract and look forward to continuing our partnership over the forthcoming years to continue to support the specialist markets.”

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