Three major initiatives are underway at present. The Settlements
Working Group is working hard to extend the LIXI/Settlements
standard to support more settlement-related transactions. The
Products Working Group has met several times now to establish
requirements for a standard way for lenders to describe their
loan products, and these draft requirements have now been moved
into “online” form to allow WG participants to contribute
whenever they have time – and hopefully this will lead
to shorter requirements gathering phases for new LIXI standards
in future. Finally a working group has been established as a
joint venture between LIXI and the National ICT Australia (nicta.com.au)
to develop a reference model for loan processing and to build
a modeling tool kit LIXI members can use to compare their own
processes to the reference model.
MIS Innovation Award
As Socrates has mentioned earlier in this newsletter, LIXI
has been recognised as the “Best Business Enabler”
in this year’s MIS Innovation Awards. A range of candidates
were assessed by a committee of IT experts and LIXI came out
on top. This constitutes our first formal recognition from the
wider IT world that what we are doing in the mortgage lending
space is truly innovative, ground-breaking stuff, so we are
pretty excited. Watch out for LIXI’s appearance in the
September issue of MIS Magazine.
Chair – LIXI Technical Sub-committee
The Lending Industry XML Initiative
LIXI is a trade mark of LIXI Limited
ABN 53 095 299 835
