LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

Membership and Licensing Update

It is now 0 months into the LIXI membership year and a good time to review the impact of the membership and licensing changes that were implemented in March 2007.

I am happy to report that it is all good news. I must admit there was a time after the release of the new model that the queries on the intention and impact of the model consumed quite a bit of our time. The feedback on the end result though has made it a worthy endeavour.

So what is the impact? On the strategic front it opens participation to entities that can contribute towards standards without necessarily needing to license LIXI for their operations. On the short term operational level it lowers the entry level fees to make LIXI standards palatable to smaller players in the industry.

Proof of the above are the number of members on our register that exceed 00 and growing every day. It is true that a well represented and diverse membership group makes for better and more usable standards.

All members were also given a choice of engagement models with LIXI in terms of membership, licensing or both choices. This resulted in a more tailored fit with the operations of members and directly coupled fees with capacity to pay and value gained from the use of standards.

As quite a few members put it,  It s a fairer model all round  everyone wins .