We would like to thank you for this amazing 20 years…

2020 is extra special for us. Loxon is celebrating 20 years of providing top-notch risk lending and collection business solutions.  It’s incredible where we’ve come from in two decades: from a single client small business, we’ve grown into an international company employing 250+ staff cooperating with more than 80 financial brands and banking groups. Since our inception in March 1995, we’ve strived to keep abreast of the world’s changing economic climate, whilst pioneering innovation in the goods we offer. This constant pursuit of excellence has led us to become one of the market leaders in lending, risk management and collection business services. Our focus is on solving the needs of our customers; to this end, we strive to apply and provide the latest technologies in our products.

We’re extremely proud that Loxon’s market position has allowed us to maintain our stable operation in the midst of the current pandemic, and we celebrate our anniversary with our head held high.

We’d like to take this opportunity to thank our customers, partners, colleagues, alumni and all the organizations we’ve worked with for making this possible, and to invite you all to celebrate with us.

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Our history and milestones

The Foundation of Loxon

 

The company starts as a single-customer company, delivering bespoke solutions for Raiffeisen Bank Hungary. Loxon is the first to work with thin client Java™ technology at the bank. Also, within an order, our first product, Loxon Retail Lending system is designed.

2000 A Star Is Born
2003 Picnic in Hyde Park

Defining the company’s strategy

 

Reflecting on our initial successes, it becomes clear that there is a long-term demand for our business solutions; thus, it’s worth focusing on our core competences and considering a product portfolio. Whilst attending the Oracle Openworld Europe conference in London in order to introduce our Basel II Calculation Engine, the two executives of Loxon take a rest in Hyde Park and lay the foundations of a strategy that will define the business in the years to come. Loxon starts to develop business solutions in the areas of lending, risk management and collection.

Contracting with CIB Hungary

 

Taking the first step on the way of expansion, Loxon wins its second customer. The third company product, Loxon Collection System, is designed within the order.

2003 So it begins
2019 International Opening

Alliance with Banca Comercială Română, acquiring the first foreign customer

 

The Loxon Basel II Calculation Engine is implemented in Romania’s market leader bank, Banca Comercială Română for market risk management with the strong support of our international partner, Oracle. The cooperation will further evolve in the following year with the delivery of Loxon’s Corporate Lending System.

Our first MEA customer

 

The Loxon Basel II system is implemented in Egyptian Arab Land Bank, Jordan. It’s a strategically important milestone, as one of the company’s expansion targets is this market.

2007 Unstoppable conquest
2007 From Budapest to the Danube Delta

Opening our Bucharest Office

 

Our Romanian office opens in the capital, and becomes the OFSAA and business intelligence competence centre of the company. The local team works on implementing the Oracle BI and OFSAA systems first, and later the operation also includes enterprise data warehouse and advanced analytics implementations.

Exceeding 100 experts

2011 Sustained growth
2011 Open Sesame

Opening our Dubai Office

 

Due to the growing number of Middle Eastern customers, Loxon decides to open an office in Dubai, the centre of the MEA region. The goal is to provide an increased presence for local customers, and to build sales support.

First group standard implementation

 

Czech Home Credit International chooses Loxon Collection System as group standard. The solution is implemented in all 7 countries where Home Credit operates, including the Czech Republic, India, Indonesia, the Philippines, Kazakhstan, Vietnam and China. 

2012 The big deal
2019 Innovation • Impemented

Opening our Debrecen Office

 

Loxon opens an innovation centre and sets up an independent team in Debrecen in order to place more emphasis on the implementation of the latest technologies. The focus is on artificial intelligence and its use in the financial sector, and on building a low-code platform for the sake of flexibility and quick implementations.

Exceeding a 200 headcount

 

The expansion of the company and the number of new projects requires the recruitment of large numbers of new colleagues. Our crew has doubled in six years, from 100 to 200.

2017 Hiring spree
2018 The Rise of The machines

First ML/AI based projects

 

The first projects in which artificial intelligence is applied as the basis for a smart and extremely sensitive early warning solution are implemented in two banks, one in Europe and one in the Middle East.

Winning Customer Satisfactory category at RiskTech 100® 2018

 

Loxon, the only ranked provider from Central and Eastern Europe, finishes 61st overall in Chartis RiskTech 100® 2018, and wins the 'Customer Satisfaction' category. The company moves up 27 rankings from the previous year, which is the most significant improvement among all suppliers.

2018 We are the champions
2019 Boarding the Flying Dutchman

Opening our Amsterdam Office

 

This milestone reflects the strengthening of Loxon’s Western European orientation.

Our history and milestones

2000 A Star Is Born

The Foundation of Loxon

 

The company starts as a single-customer company, delivering bespoke solutions for Raiffeisen Bank Hungary. Loxon is the first to work with thin client Java™ technology at the bank. Also, within an order, our first product, Loxon Retail Lending system is designed.

2003 Picnic in Hyde Park

Defining the company’s strategy

 

Reflecting on our initial successes, it becomes clear that there is a long-term demand for our business solutions; thus, it’s worth focusing on our core competences and considering a product portfolio. Whilst attending the Oracle Openworld Europe conference in London in order to introduce our Basel II Calculation Engine, the two executives of Loxon take a rest in Hyde Park and lay the foundations of a strategy that will define the business in the years to come. Loxon starts to develop business solutions in the areas of lending, risk management and collection.

2003 So it begins

Contracting with CIB Hungary

 

Taking the first step on the way of expansion, Loxon wins its second customer. The third company product, Loxon Collection System, is designed within the order.

2019 International Opening

Alliance with Banca Comercială Română, acquiring the first foreign customer

 

The Loxon Basel II Calculation Engine is implemented in Romania’s market leader bank, Banca Comercială Română for market risk management with the strong support of our international partner, Oracle. The cooperation will further evolve in the following year with the delivery of Loxon’s Corporate Lending System.

2007 Unstoppable conquest

Our first MEA customer

 

The Loxon Basel II system is implemented in Egyptian Arab Land Bank, Jordan. It’s a strategically important milestone, as one of the company’s expansion targets is this market.

2007 From Budapest to the Danube Delta

Opening our Bucharest Office

 

Our Romanian office opens in the capital, and becomes the OFSAA and business intelligence competence centre of the company. The local team works on implementing the Oracle BI and OFSAA systems first, and later the operation also includes enterprise data warehouse and advanced analytics implementations.

2011 Sustained growth

Exceeding 100 experts

2011 Open Sesame

Opening our Dubai Office

 

Due to the growing number of Middle Eastern customers, Loxon decides to open an office in Dubai, the centre of the MEA region. The goal is to provide an increased presence for local customers, and to build sales support.

2012 The big deal

First group standard implementation

 

Czech Home Credit International chooses Loxon Collection System as group standard. The solution is implemented in all 7 countries where Home Credit operates, including the Czech Republic, India, Indonesia, the Philippines, Kazakhstan, Vietnam and China. 

2019 Innovation • Impemented

Opening our Debrecen Office

 

Loxon opens an innovation centre and sets up an independent team in Debrecen in order to place more emphasis on the implementation of the latest technologies. The focus is on artificial intelligence and its use in the financial sector, and on building a low-code platform for the sake of flexibility and quick implementations.

2017 Hiring spree

Exceeding a 200 headcount

 

The expansion of the company and the number of new projects requires the recruitment of large numbers of new colleagues. Our crew has doubled in six years, from 100 to 200.

2018 The Rise of The machines

First ML/AI based projects

 

The first projects in which artificial intelligence is applied as the basis for a smart and extremely sensitive early warning solution are implemented in two banks, one in Europe and one in the Middle East.

2018 We are the champions

Winning Customer Satisfactory category at RiskTech 100® 2018

 

Loxon, the only ranked provider from Central and Eastern Europe, finishes 61st overall in Chartis RiskTech 100® 2018, and wins the 'Customer Satisfaction' category. The company moves up 27 rankings from the previous year, which is the most significant improvement among all suppliers.

2019 Boarding the Flying Dutchman

Opening our Amsterdam Office

 

This milestone reflects the strengthening of Loxon’s Western European orientation.

30 countries covered by Loxon projects

Our honorable achievement

Loxon, the only ranked provider from Central and Eastern Europe, finished 61st  overall in the Chartis’ RiskTech 100® 2018 report, and won in the Customer Satisfaction category. We moved up 27 rankings from the previous year, which was the most significant improvement among all suppliers. This result was a great honour for us and a strong reflection of our core values: to provide our customers with the highest quality service, continuous support, and answers to their problems using our innovative solutions.

This year, being still the only representative of the region, we managed to improve six places, from last year's 70th place to 64th in 2020.

We look forward to next year’s competition, and we’ll do our best to achieve an even more outstanding position.

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