‘Another regulatory change implemented seamlessly’ is Phoebus Software’s description of how they have managed the incorporation of the latest FSA MCOB changes into their fast-growing, finance house software system. Managing Director, Robert Lintonbon, said “Just as with the KFI issues back in November 2004, here at Phoebus we were significantly ahead of the market with the necessary changes. And, just like our KFI change solutions, which were met with tremendous enthusiasm from our clients, these latest Phoebus enhancements now meet all the statutory changes from the FSA; client feedback has been overwhelmingly positive.”
Phoebus has built its business at a remarkable rate in recent years, based on detailed market understanding, to a point where it was listed in the Deloitte Fast 50 and 500 Awards in the autumn of 2004. Future growth is planned on the basis that, in today’s increasingly fast-moving ‘direct’ market, its clients will need to provide an equally rapid response with seamless handling of all regulatory requirements.
As with the KFI programme, Phoebus clients participated closely in the development and testing of the product changes to meet the new FSA requirements. The result is a software solution that accurately meets their operational needs and has been proven in real-time environments in advance of the ‘go live’ date.
The Phoebus Software KFI system had already been warmly welcomed by brokers, and now, with the latest FSA MCOB requirements incorporated into the system, Phoebus is proving it has both the muscle and technological ability to deliver workable answers to developing legislation in good time for its customers.
