Products Distribution Advisory Panel

LIXI held an Advisory Panel discussion on 25 November, kindly hosted by the Pisces Group at their new head office. The panelists included Ganesh Radhakrishnan (Smartline), Vincent Turner (Pisces), Eric Handbury (IRESS), Tim Hibberd (Smart Services CRC), Joanne Reid (Solution4) and Jim McVey (NAB). Aggregators and industry service providers were well represented, however the lenders were rather under-represented. St George Bank and NABbroker were present and provided valuable contributions to a lively discussion.

The panel and audience discussed various factors around the distribution of lending product rates and fees to recipients – aggregators and application service providers. Debate revolved around the potential for a third party intermediary versus the support of lenders to provide this information themselves.

The aggregators universally agreed that there will be real and realizable benefits with products data distribution, particularly in the areas of accuracy and timeliness to market, in the light of imminent regulation. Cost efficiencies would be available in the current context, with potential for more efficiencies as the standard expands to cover the complete product information set.

All LIXI members are welcome to participate in the Products Distribution discussions, for further information contact admin@lixi.org.au