LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

Chairman's welcome

What a difference a year makes. At last years MIAA conference in Melbourne you could count the LIXI members around the exhibition booths using just one hand. This year you would be hard pressed to find a booth without the LIXI Member logo proudly displayed. Admittedly, success in LIXI based eCommerce is not measured by the number of members but by the actual use of the standard. Our last General Meeting in Sydney showed that the adoption of the standard in production systems is on the increase and the market is actively seeking standards based solutions for the whole lending chain.

The story at the MIAA conference and the LIXI June General Meeting was one of capitalising on the developments to date and pushing the standard in new areas of the lending chain. This was also the message from the recent LIXI survey, which showed an overall satisfaction with the way LIXI was run and an appetite to speed development.

Being driven by member requirements, the LIXI technical groups were quick to respond with a restructure of the standard and the creation of specific ontologies to cover each key area of transactions in the lending chain. Mike Thanos explained the changes to CAL and the roadmap so eloquently that even the least technical members felt comfortable with the direction development was headed.

One thing I encounter from time to time is the labelling of people and concepts as either technical or business. I’d like to take some of your time to stress that for quite a while now this distinction has been quite invalid. Business needs technology and technology needs business. The two should be so closely intertwined that no amount of skill should be able to distinguish where one starts or the other ends.

Is LIXI a technical standard or a business standard? Are the LIXI members technical or business people? The correct and only answer is that LIXI and its members are both. We cannot afford to be one or the other for we will fail. This is why we all need to be onboard and committed to make LIXI succeed. Otherwise we’ll just allow IT history to repeat.

I can’t let this welcome end on a sad note for LIXI breaks with old traditions and is successful. There are many examples in LIXI of “business” people driving technical working groups and vice versa. I can see business and technology driving us together and I am sure so can you. Why else would you be part of LIXI?


LIXI Chairman

 


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