Loxon is a trusted business solutions provider with more than 20 years of experience in the field of end-to-end credit management. We are offering comprehensive, integrated lending, collection and risk management solutions for the financial services industry.
Why choose Loxon?
Years on the market
History and milestones
A Star is born
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.
Picnic in hyde park
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.
So it begins
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.
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.
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.
From Budapest to the Danube delta
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.
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.
The big deal
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.
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.
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.
The rise of the machines
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.
Boarding the flying dutchman
This milestone reflects the strengthening of Loxon’s Western European orientation.
Our executive team
Chief Technology Officer
Alliances and Channels Director
Chief Financial Officer
Vice President of Engineering