Loxon awarded Best Risk Management Solution Provider for the second time at the famous MEA Finance Banking Technology Summit & Awards 2022
Jul 5, 2022
Loxon – a leading end-to-end credit management Business Solution provider – was awarded Best Risk Management Solution Provider at the MEA Finance Banking Technology Summit & Awards 2022 in Dubai on 19th of May 2022. After 2021 this is the second time in a row that Loxon has received the award. This success reflects the continuous outstanding achievement of the company and represents further recognition for Loxon after the company improved eleven places in Chartis' RiskTech100® 2022. The award ceremony took place on 19th May in Dubai where Ahmed Giyab, Business Development Manager was able to receive the trophy and the accompanying professional recognition in person.
Loxon nominated for the award its IFRS9 Business Solution, which provides end-to-end compliance from accounting, risk and ECL perspectives in a way that both consolidates the financial and risk dimensions and fulfils the expectations of the bank and/or banking group’s top management, the bank’s external auditors and notably, the regulators. It is an advanced strategic product which facilitates dynamic adaptation to the changing economic and regulatory environments in areas such as stress testing, what-if and sensitivity analysis, macroeconomic regression and forecasting, and the recalibration of risk parameters.
Ahmed Giyab, Business Development Manager of Loxon said about the victory: “During development, our guiding principle is to serve our clients in the best possible way and deliver a positive impact on their business. The winning of the MEA Finance Banking Technology Award 2022 for the second time in a row is a great honour and an acknowledgement that our products really do benefit our customers, as well as confirming that we are on the right track."
“We are honoured to recognise Loxon for this prestigious award for the second year in a row," said Kenneth Mitchen, Executive Director & Publisher of MEA Finance Magazine. "Loxon offers an outstanding range of software solutions and consultancy services that deserve recognition. It’s a significant advantage that these exceptional risk management services - which include credit risk modelling, data management, economic forecasting, and consultancy - are available to Banks and Financial Institutions in the region. Once again, congratulations to Loxon.”
About MEA Finance
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Loxon is a trusted business solutions provider with more than 20 years of experience in the field of end-to-end credit management. Since 2000, we have offered comprehensive, integrated lending, collection, and risk management solutions for the financial services industry. The company was started by young banking experts with a desire to find a customer-centric way to help banks and financial institutions improve their lending and collection activities and risk assessment procedures, as well as to build efficient, risk-aware processes, and reduce credit losses.
Loxon’s vision from the start has been to make managing finances seamless for everyone. And as a trusted market expert, our extensive, in-depth knowledge of different business scenarios, coupled with our expert teams and a large partner network, empowers us to solve a range of credit management issues. Our core value resides in our ability to combine our extensive business knowledge with the latest technology, creating best-in-class business solutions.
Since the company’s inception, we have become one of the market leaders in end-to-end credit management business solutions, employing more than 200 people and successfully cooperating with 80+ financial brands and banking groups globally. This enables us continuously to gain a greater understanding of the global market’s changing needs. With our customer-centric mindset and client-centred support, we are dedicated to being a market leader by providing our customers with a reliable, competitive advantage, while at the same time maximising their business potential.
Dec 23, 2021
VCC Live, a leading cloud-based contact center software and telecommunications services provider, has announced a new strategic collaboration with Loxon, an international software company oﬀering integrated lending and risk management software solutions.
Recent statistics reveal that the Covid-19 pandemic has added $19.5 Trillion to global debt in 2020. As the demand for debt grows, so does the expectation for more effective collection techniques. In fact, using digital solutions in debt collection seems to be an increasingly in- demand customer requirement. Given the fast-paced business environment and these ever- growing expectations, it is vital that debt collection providers focus on adopting the latest digital trends.
For more than 10 years, VCC Live has been providing cloud contact center and telecommunication technologies to global contact centers and financial institutions relying on debt collection operations, including 4Finance, Provident, Ferratum, and UPC.Now, thanks to its integration with Loxon, VCC Live has extended its services and can offer advanced digital debt collection solutions, such as soft collections and debtor segmentation based on debt amounts, to all its customers. Benefiting from Loxon’s extensive industry expertise, VCC Live can also now provide comprehensive debt collection services on a global scale.
Loxon, on the other hand, can now benefit from VCC Live’s cloud-based contact center solutions. By combining their digital collection techniques with VCC Live’s advanced inbound and outbound calling tools, the company can further improve its debt collection efficiency, leveraging, amongst other features, VCC Live’s intelligent predictive dialer and IVR system, as well as VCC Live Pay, VCC Live’s real-time payment solution that is unique in the market.
Ákos Tájnel, Partnership Manager at VCC Live, commented: “Loxon not only provides us with digital debt collection solutions but also the know- how to meet our clients’ expectations all over the world. Thanks to Loxon’s solutions, our debt collection capabilities have increased, allowing us to add additional features to our porGolio and better serve our clients.”
Speaking on the announcement, Csilla Tarján, Alliances and Channels Director at Loxon, added: “Loxon believes in technology innovation that helps people gain a better quality of life. It’s a great honor and a real privilege to partner with VCC Live. Thanks to this partnership we will be able to reach wider audiences with our new generation, Cloud-ﬁrst, SaaS debt collection solution that makes customers’ lives easier and more convenient. This partnership will enable us to take the next step towards becoming a truly global business solution provider, while for their part, VCC Live can provide their customers with a customized, frictionless solution during implementation, simultaneously unlocking new potential and creating new value in debt collection services.”
About VCC Live
For more than 10 years, VCC Live has been providing contact center and telecommunication technologies globally for companies of all sizes. The company provides a comprehensive and high-quality business solution for companies who need to interact with their customers via phone and/or other channels and require high-level professional communication services.
Loxon is a business solutions provider, offering integrated lending, collection, and risk management software solutions for the financial services industry. It is also a dedicated vendor of software solutions which aim to serve banks and leasing companies, covering the entire lending, collection, and risk management lifecycle. Loxon has its Head Office in Budapest, Hungary, and has offices in the Netherlands (Amsterdam), Romania (Bucharest), Russia (Moscow), Bahrain (Manama) and the United Arab Emirates (Dubai).
Tel: (+36) 1 789 0626
Dec 7, 2021
Loxon is proud to announce that in the Chartis’s RiskTech100® report for 2022, out of the top 100 companies in the field of risk technology we were ranked 53rd. We were also the award winner in the Customer Satisfaction category.
As Chartis is a market leader in providing accurate analysis and research across various fields of risk and compliance technology, Loxon is extremely proud to have earned this prestigious ranking, improving 11 places since last year. It represents our best ranking since 2016, when Loxon was first included in Chartis’s annual list.
We are grateful to Chartis for recognising our tireless effort to improve ourselves and to serve the changing needs of the market by providing higher and higher value to our customers. This collaboration has, over time, given us the opportunity to introduce our services to a platform of industrial experts and to show our uniqueness in the risk management marketplace.
“Loxon’s robust growth in credit risk and its effective, logical synergies with related areas such as IFRS provision, demonstrate a strong understanding of the market,” said Phil Mackenzie, Research Principal at Chartis. “This, together with its ‘customer-first’ approach, has led to expansion in several geographies, and is reflected in its 11-point rise and award win this year.”
"Each year we are proud to be a part of Chartis’s ranking. But this year, as in 2018, we are particularly honoured to have won in the Customer Satisfaction category,' writes Tamás Erni, CEO. 'Thanks to our focus on customer intimacy, thought leadership, product support, the delivery of innovations, and the unwavering efforts of our colleagues, we were able to significantly exceed last 2021's ranking. This upward trend tells us that we are on the right track. Our strategy of combining highly flexible technology, strong and innovative business solutions, an end-to-end credit management lifecycle approach and an ethos of continuous product improvement is working to gain us more and more recognition. We can assure our customers that our core values are built around them, and we are dedicated to providing them with the service they deserve. We are also committed to maintaining and nurturing this relationship, as is reflected by our accolade in the Customer Satisfaction category.”
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
Loxon is a business solutions provider, offering integrated lending, collection, and risk management software solutions for the financial services industry.
We are also a dedicated vendor of software solutions which aim to serve banks and leasing companies, covering the entire lending, collection, and risk management lifecycle.
Loxon has its head office in Budapest, Hungary, and has offices in the Netherlands (Amsterdam), Romania (Bucharest), Russia (Moscow), Bahrain (Manama) and the United Arab Emirates (Dubai).
Tel.: +36 1 789 0626
Sep 13, 2021
European-based business solutions provider Loxon is proud to announce that it has been featured in the newly-constituted IBS Intelligence Sales League Table LeaderBoard 2021 for the categories of Risk & Compliance and Lending.
The IBS Intelligence Sales League Table (SLT) is a widely-accepted annual benchmarking exercise conducted by IBS Intelligence that ranks global banking technology supplier-systems across 20 system categories based on the number of new customer contracts signed in a given calendar year. It is an industry-acknowledged barometer of global banking technology supplier performance. The ranking is used by banks to help validate performance on a global scale. The IBS Intelligence SLT LeaderBoard provides a comparison of continuity of performance with that of the current year.
Loxon’s core competency lies in the implementation of business solutions covering the entire lending lifecycle and risk management activities of the financial services institutions (banks and leasing companies). Its Retail Lending and Corporate Lending Systems offer a state-of-the-art software and a process-managed approach that supports loan origination throughout decision and administration activities. The company also offers risk calculation methods for maximizing risk-adjusted performance, and has achieved full Basel II/III compliance for all types of risks. Loxon’s Collection System provides broad and flexible support for managing past due deals (bad credits), while Early Warning predicts the probability of default using a behavioral approach based on expert or statistical indicators.
Tamás Erni, CEO of Loxon, said about the achievement:
“We are very proud to once again appear in the iconic IBSI Sales League Table. This prestigious recognition rewards Loxon and its 20 years of existence and experience providing business solutions in the lending ecosystem. I think it's a great honor for us to be rated and to feature in the newly-constituted IBSI Leaderboard's Risk & Compliance and Lending categories, which recognize our consistent performance over the last few years, including the last pandemic-hit year. This accomplishment and the continuous development we put into our business solutions makes me confident that we can maintain this great performance in the future.”
Robin Amlôt, Managing Editor of IBS Intelligence, said:
“IBS Intelligence Sales League Table (SLT) 2021 which is the leading global barometer of supplier performance is pleased to recognize and feature Loxon in its newly-constituted IBSI LeaderBoard for Risk & Compliance and Lending categories for its consistent performance over the last five years. Many congratulations to the entire Loxon team. "
Loxon is a business solutions provider, offering integrated lending, collection, and risk management software solutions for the financial services industry throughout Europe, the Middle East, Africa, Asia and Australia. It is also a vendor of software solutions that aims to serve banks, leasing companies and other financial institutions covering the entire lending, collection, and risk management lifecycle. Loxon has its headquarters in Budapest, Hungary, and has offices in Romania (Bucharest), Russia (Moscow), Bahrain (Manama), Netherlands (Amsterdam) and the United Arab Emirates (Dubai).
About IBS Intelligence
Established in 1991, UK-headquartered IBS Intelligence is the leading global pure play Financial Technology research, news analysis, and advisory firm. IBSI’s Sales League Table is considered the global industry barometer, ranking the performance of leading banking technology suppliers. Its research reports provide comprehensive cover of global suppliers across all Banking Technology & Financial Technology systems, and are also distributed by Thomson Reuters, Bloomberg and S&P Capital IQ. Its Innovation Lab in Dubai brings banks and suppliers together with an opportunity to access the Middle East market and to test and experience global Financial Technology products within the region. The group company, Cedar, is a global management consulting firm with deep expertise in formulating & executing business strategy for financial services clients worldwide, with a significant focus on leading their technology and digital transformation.
Loxon has implemented its SaaS-based Soft Collection Business Solution at Porsche Versicherungs AG. Hungary.
Aug 2, 2021
With the Loxon self-service application, the insurance company has expanded its existing customer interfaces with a new digital channel. The platform allows customers to review their entire insurance portfolio, as well as make instant bank card payments to replace previous account-based settlements. Not only is this a great relief for insurees, as they can avoid a lot of unnecessary inconvenience, but it also saves a lot of resources for Porsche by greatly reducing paper-based processes.
The implementation is a significant milestone for Loxon, as besides representing the most recent extension of its business and technological knowledge, the company has also managed to take its operational capabilities to a new level. The white label application runs in AWS cloud, which enables a rapid implementation and provides additional benefits for the customer, which include cost and other resource savings.
Commenting on the milestone, Zoltán Nánai, Chief Product Officer at Loxon said: Our major goal is to be ambassadors for the digital transformation of financial institutions with our vision being to make finances easy for everyone. The new SaaS-based operation enables us to provide our solutions in a quick and cost-effective way to our customers and seamlessly extend them with new, future-proof enhancements. This implementation at Porsche Versicherungs AG. Hungary was a great experience for us and we are ready to expand our services in this direction.
Introducing Loxon’s application is a great step for us towards digitalisation. - said Krisztián Fülöp, Head of Branch Office at Porsche Versicherungs AG. Hungary. - Our aim is to make administration convenient for our customers, and this new platform offers a transparent and easily accessible interface for managing their portfolios. This not only saves a lot of time and simplifies the life of our customers, but also saves us significant costs by eliminating a lot of paperwork. Galvanised by the success of the implementation of Loxon’s tailored-to-brand application, we expect to extend our current cooperation in the future.
About Porsche Versischerungs AG. Hungary
Porsche Versicherungs AG. is an international insurance company of Porsche Bank AG. providing motor insurance services, based in Salzburg. Porsche Bank AG is currently present in thirteen European countries and has been operating in Hungary since 1994.
The Hungarian Branch of Porsche Versicherungs AG. started operations on 1 November 2006 as a branch of an insurance company in an EEA Member State. Its main task is to conclude CASCO insurance contracts in favorable condition for new and used vehicles sold by Volkswagen, Škoda, SEAT, Cupra, Audi and Porsche dealers in Hungary.
Amazon Web Services (AWS) is the world’s most comprehensive and broadly adopted cloud platform, offering over 200 fully featured services from data centers globally. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—are using AWS to lower costs, become more agile, and innovate faster.
Loxon is a business solutions provider, offering integrated lending, collection, and risk management software solutions for the financial services industry. It is also a dedicated vendor of software solutions which aims to serve banks and leasing companies, covering the entire lending, collection, and risk management lifecycle. Loxon has its head office in Budapest, Hungary, and has offices in the Netherlands (Amsterdam), Romania (Bucharest), Russia (Moscow), Bahrain (Manama) and the United Arab Emirates (Dubai).
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