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LIXI Limited (LIXI) has appointed Simpology representative Mark Lim and LBH Partners representative Brian Steele to the LIXI board, effective immediately.
Mr Lim and Mr Steele join Mike Thanos (Domain), Peter Harvey (CommBank), Martin Lam (Allette), Mirella Gallace (Westpac), Abhish Saha (Sandstone), Shelley Cotter (ANZ), Phil Quin-Conroy (AMP Bank) and Stephen Moore (LTX) as LIXI directors.
Mr Thanos welcomed the duo to the board of directors, stating that each of them brings “new perspectives, based on a diverse range of industry experience and a passion to see our industry benefit from standardisation” to the board.
On his appointment, Mr Lim stated: “I’m excited to join to the LIXI Board at this time, with so much recent growth in LIXI2 adoption.
“The opportunities ahead, if well executed, will have a tremendous impact on the lending industry.
“Standardisation and simplification go hand in hand and LIXI has a key role in the industry’s future. I am looking forward to bringing my perspective and adding value to LIXI’s journey.”
Adding to this, Mr Steele said: “I am passionate about the commercial and asset finance industry and the opportunities presented by the LIXI2 standards in this space have largely been untapped. I am keen to bring my experience to help the industry capitalise on this opportunity.”
Major bank adopts LIXI2 data standards
Earlier this year, major bank Commonwealth Bank of Australia (CBA) committed to adopting the growing suite of LIXI2 data standards.
LIXI2’s suite of standards offers JSON and XML options, as well as a range of tools to enable software to automate substantial components in a modern software development cycle.
Commenting at the time of the adoption, CBA executive general manager of home buying Michael Baumann said: “We will be adopting the Banking Industry Architecture Network (BIAN) standards to align our service domains and the LIXI2 standards for our APIs and data schemas.”
“Updating our approach to these standards will help us meet our current and future needs and deliver sustainable value.”
LIXI chief executive Shane Rigby stated that having the largest major bank commit to adopting the LIXI2 standards was a positive move for consumers, banks, LIXI2 user, and the industry at large.
“One reason home lending systems are complex is that they have evolved over decades without adherence to an industry-wide data standard,” Mr Rigby said.
“The LIXI2 data standards allow participants to simplify processes and increase their capacity to adapt to market changes, improving approval times and lowering cost.”
[RELATED: CBA adopts LIXI2 data standards]
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