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LIXI's Future Beyond 2010: Industry Collaboration & Evolution

Explore LIXI's shift from traditional reactive model to proactive industry solution provider, facilitating collaboration and enhancing efficiency in the lending industry. Learn about key initiatives, financial updates, and future outlook.

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LIXI's Future Beyond 2010: Industry Collaboration & Evolution

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  1. 2010 ANNUAL GENERAL MEETING John Hearne, Chairman Erik Fenna, CEO November 2010

  2. Agenda 8:15 Registration 8:30 Chairman’s Welcome Announcement of LIXI Directors for 2011 8:45 LIXI Financial Statements 8:50 Outlook for 2011 8:55 Q & A 9:00 Close of AGM 9:15 2010 Annual LIXI Forum

  3. LIXI – our traditional model. Traditional business model has served well for the first 10 years of our existence. The model does have limitations: Reactive model designed to deliver XML standards. Caters to member’s immediate “pain points” as identified by members. Only the most obvious opportunities / challenges surface. Bottom up approach allows inertia.

  4. LIXI – beyond 2010 (our traditional model needs to change) LIXI needs to deliver value beyond data standards. Support its members through thought leadership. Need to be proactive in identifying and solving inefficiencies that impact multiple stakeholders in the lending chain. Recognise that in facilitating industry solutions it may not necessarily follow that a traditional XML data standard is required.

  5. What is LIXI – beyond 2010 LIXI is a collaborative non-profit organisation that enables lending industry participants to work together to solve common industry wide problems, enhancing efficiency and customer service/satisfaction.

  6. LIXI – Beyond 2010(collaborative non-profit organisation) Facilitate industry collaboration in areas that are non competitive by naturewith a focus still being the ability for industry participants to communicate electronically and share common data. Provide forums (conferences, seminars, working groups) for our members to contribute to improved electronic communication by sharing their knowledge and experiences and the development of standards and/or solutions. Collaboration is not just about mortgage origination standards. Other examples of issues that may be solved faster and more efficiently through collaboration are: credit and arrears reporting; conveyancing; data migration; version control and compliance reporting.

  7. LIXI Directors for 2011 John Hearne Mike Thanos Phil Naylor Simon Libbis John de la Torre Curtis Brager Martyn Beer James Sheffield Jason Millett John McDonald

  8. Acknowledgements Current and outgoing board members Joanne Mather Simon Elwig Glen Lees

  9. FY 2010 Financials

  10. From the 2009 AGM “Outlook for 2010” • SBR • NECS • New Standards and Standardisation • Fast-Track Processes • High demand for technical resources

  11. PROFIT AND LOSS STATEMENTFOR THE YEAR ENDED 30 JUNE 2010

  12. BALANCE SHEETFOR THE YEAR ENDED 30 JUNE 2010

  13. CASH FLOW STATEMENTFOR THE YEAR ENDED 30 JUNE 2010

  14. Summary of Financials Maintaining a healthy bank balance even with strong demand for technical resources Operating to budget Delivering to plan

  15. Outlook for 2011 LIXI 2.0 – building on the 2010 standardisation work Standards and standardisation NICTA Data Dictionary National electronic conveyancing standards Continuing the relationship with Treasury Continued high demand for technical resources

  16. Any other business ?

  17. Q & A

  18. Close of AGM

  19. ANNUAL LIXI FORUM 2010 November 2010

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