Keystone’s portfolio contains around 2,000 accounts with a value of £296m and was migrated to Phoebus’ platform over the weekend.

Keystone’s servicing team was able to work on the accounts immediately upon its return to work.

The migration used a migrations application programming interface (API) that Phoebus has made a significant investment in and means the process is as automated as possible.

The move comes after Keystone recently completed a Hops Hill No.4 securitisation of £566m, which is the largest in the firm’s history. This is also hosted on Phoebus’ servicing platform.

Adam Oldfield (pictured), Phoebus Software’s chief revenue officer, said: “We have worked with Keystone for a number of years now, and we have a very good way of working together. To assist them in successfully delivering two such high-profile projects in short order proves the effectiveness of our working relationship, which is something we strive for across all of our client relationships.

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“Keystone is one of many clients that utilise our migrations expertise and technology. We continually achieve migrations in record time under a robust system that we are very proud to say has never failed.”

David Whittaker, CEO at Keystone, added: “Phoebus have been on the ball since day one. They knew our longer-term strategic objectives and have been there every step of the way for us. The challenges have been fully mitigated through working with a servicing software partner that actually knows what they are doing”.