Lixi deliverance and deliverables

The board of Lixi has realised more pressure needs to be placed on delivery, with more pressure on engagement, and the first step they took was to hire a full-time chief executive officer, said Erik Fenna, the new Lixi CEO.

"One of the key things that I want to do, is that we have spent a substantial amount of effort over the last twelve months responding to one of the key questions that our members had, which is to do with providing to them the basis of a business case that they can use to get project approval for standards."

Fenna highlights the white paper issued yesterday as one of the most important achievements of Lixi in the past year.

"Which is to measure what people are saying: what standards bring to them in terms of efficiency gain.

"I particularly mean lenders, and those directly associated with lending, not the technology companies. They have an opportunity to provide the services, but they don't get any efficiency gains from the services.

"It is the lenders and their business partners, as almost all of the uses of Lixi standards are between these two, otherwise unrelated, parties."

Fenna highlights that other major achievements of Lixi to date would be delivering the application lodgement standard, a status messaging standard, valuation standards and providing the foundations for products, commissions and mortgage insurance.

"So that is where we have made it to today. So looking forward to the next six months from a standards perspective, I want to take the products standard and commissions standard and turn them into real-world demonstrable implementations".

Lixi currently has around 90 members.