LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

LIXI strategy and financials for 2007

In 2006 LIXI concentrated its efforts in establishing a governance framework to cater for growth and increased responsibilities in a challenging marketplace. In 2007, LIXI members can expect emphasis on the development of updated versions of the standards as well as new components of standards across the lending chain. Our member feedback has requested focus on implementation facilities which we are working on together with our research partner NICTA.

Growth of our membership through an updated license model is another target for 2007, and will help make LIXI standards available to all lending participants and create a unified “voice” which is representative of all sectors of the industry. The financial management of 2006 has positioned LIXI for a strong and healthier start in 2007, with adequate funding for all planned activities and the provision of support resources to ease the burden from the many Working Group volunteers.

Additional information on strategy and the 2006 financials are available in the AGM slide presentation on the LIXI website or by request from the CEO via email.

Socrates Vasiliadis
LIXI CEO