News

Loxon Held its Gala Webinar on the Occasion of its 20th Anniversary

Feb 16, 2021


Loxon held its 20th anniversary gala webinar last Thursday, February 4th. We had the honour of welcoming hundreds of guests to the event, enabling us to celebrate the shared successes of the last two decades together with our customers, partners, current and former colleagues. The webinar was opened by Robin Amlot, Editor-in-Chief of IBS Intelligence, whose address highlighted the importance of this milestone in the life of a company. He said that according to McKinsey, the average lifespan of companies is 18 years, an accomplishment which Loxon has more than exceeded: today the company continues to grow and prosper.

Referring back to the early years, Kristóf Farkas, company founder, and the first Loxon representative to speak at the event, reflected on the foundation of the company, the initial single-client period, and then the pivotal moment when the company’s strategy was determined during a 'picnic' in London’s Hyde Park, a story which has since become legendary in company circles. He emphasised his pride in the Loxon team, in both current and former colleagues who, with their expertise and personal commitment, have contributed to making Loxon one of the market leaders in the field of the risk management, lending and recovery business solutions.

Speaking next, Tamás Erni, CEO, summed up the last twenty years, highlighting the most important moments and milestones for the company, such as the acquisition of the first foreign client in 2004 or the first group-level implementation in 2012 at Home Credit International. He also touched on the consequences of the current pandemic and how Loxon has overcome the obstacles caused by this situation and has managed to keep on serving its customers to the highest levels of quality.

webinar-montázsBetween addresses from company executives, we had the pleasure of welcoming Brett King, the Australian futurist as our star guest, who inspired the audience with his visionary speech. As a prelude, he described the path taken by successive innovation trends during the last century, from the emergence of automobiles to space travel and the spread of smartphones and robotics. Extrapolating from this, the audience was then treated to a detailed picture of the projected effects of technological evolution and artificial intelligence in the field of lending over the next two decades.

Loxon's head of innovation and deputy CEO, Zoltán Nánai, was unable to attend the event, so Tamás Erni conveyed his thoughts to the guests. The CEO highlighted the factors that currently have the strongest impact on the financial sector, such as personalised services, instant loans, embedded and comprehensive risk management, open and no-touch banking. He then illustrated how the company is responding to these trends through Loxon’s new collection solution. Artificial intelligence, customer behaviour-based analysis, data-driven decision-making, omnichannel communication, and a revolutionary customer success-centric approach are all integral aspects of the new product.

Last to speak was Anita Vass, HR Director, who introduced the audience to the newly-launched Alumni programme. Fostering the office community and workplace relationships is of paramount importance to Loxon colleagues, so this initiative, launched on the occasion of the company’s 20th anniversary, aims to achieve active, two-way communication.

We would like to thank all our guests for their participation, and we hope that we will have the pleasure of celebrating the next 20 years together again.

 

Loxon Romania donated to charity to support the Romanian healthcare system

Jan 8, 2021


2020 was a tough year for the whole world; the current pandemic indiscriminately afflicted everyone. We believe that in such cases it is even more important to contribute to overall wellbeing to the extent we are able to. Thus, Loxon Romania continued its tradition of donating to charity last year.

The chosen organisation was Daruieste Viata, to which 50.000 RON (~ 10300 euros) was offered in order to support their projects, which aim to improve the Romanian healthcare system. Dauieste Viata was founded in 2012, and their efforts include building hospitals, ICU and transplant units, radiotherapy clinics and further attempts to provide sufficient healthcare for citizens. One of their major recent projects was the reconstruction of the Marie Curie Hospital in Bucharest, where they treat children with serious illnesses. The building will serve as the first Radiotherapy Department for Children in Romania. The organization also played an important role in the fight against coronavirus: they set up Modular Hospital 1 Elias and donated a significant amount of medical equipment to hospitals to facilitate the treatment of COVID-19 patients.

interior spital

Spitalul Modular 1 Elias – photo: Alex Rosieanu

At Loxon Romania we have a huge focus on social responsibility, as we are convinced that joint action is required to make the world a better place for everyone. We are determined to contribute on an ongoing basis to the efforts of various organizations in the future, thereby helping those in need.

 

Anunt initial pentru Masura ”Granturi pentru capital de lucru”

Dec 30, 2020


“SC LOXON SOLUTIONS SRL anunta lansarea proiectul cu titlul ”Granturi pentru capital de lucru acordate beneficiarilor IMM-uri cu activitate economica in unul din domeniile de activitate prevazute in anexa nr 2” proiect  nr RUE 2560 înscris în cadrul Măsurii ”Granturi pentru capital de lucru”, instituită prin OUG nr 130/2020”

Comunicat de presă

 

Loxon has improved 6 places in Chartis’ RiskTech100® 2021

Dec 15, 2020


Loxon, a market-leading business solution provider in the field of lending, collection and risk management, has finished a prestigious 64th place in Chartis’ RiskTech100® 2021.

Chartis Research is the market leader in risk technology research and analysis. Its flagship publication RiskTech100®, now in its fifteenth year, is still the most comprehensive independent study of the world’s major players in risk and compliance technology across all industries and all types of risk, and is globally acknowledged as the go-to resource for clear, accurate analysis of the risk technology marketplace. Vendors are evaluated in six different categories: Functionality, Core Technology, Strategy, Customer Satisfaction, Market Presence, and Innovation.

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tamas_erni"We’re extremely proud that we’re still the only ranked provider from Central and Eastern Europe in RiskTech100®,’ said Tamás Erni, CEO. ‘It's not easy to exceed the results of 2018, when we were the winners in the Customer Satisfaction category. However, we have continued to pursue improvement and innovation, and are strongly determined to achieve better rankings every year. I believe that improving six places,  finishing 64th from last year's 70th, is a great honour 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."

“As financial institutions adapt to evolving market dynamics around credit and operations”, said Sid Dash, Research Director at Chartis, “Loxon’s strength in credit risk, and its ability to continue a functional expansion while retaining high levels of customer satisfaction, are reflected in its six-point rise in the rankings."

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Loxon Celebrates 20th Anniversary of Premium Business Solutions

Nov 18, 2020


Loxon proudly celebrates its 20th anniversary this year. Over the past two decades, the company has become one of the market leaders in lending, collection and risk management business solutions, now providing its systems and implementation services to clients in more than 25 countries. Loxon was founded in 2000 by young banking experts, with a vision to assist banks and financial institutions to improve their lending and collection activities, risk assessment procedures, to build efficient, risk-aware processes, and to reduce credit losses.

1Commenting on the anniversary, company founder Kristóf Farkas said: “Our aim was not just to create software, but to provide a solution for the problems of our customers, with a dedicated focus on understanding the business’s operation and boosting its efficiency. This mindset has driven us through our 20 years of existence, and has contributed to the satisfaction and engagement of our clients, as well as the massive growth of the company. The other factor that has enabled this advancement is the outstanding individual performances and high-quality teamwork of our colleagues, which I am really proud of.”

Loxon now employs more than 250 people, and successfully cooperates with 80+ financial brands and banking groups covering the world’s four major markets (Europe, CIS, MEA, and APAC). This broad geographical presence and over twenty years of experience give a sound basis for keeping up with market trends and requirements, and for providing solutions that combine extensive, industry-specific knowledge.

Amidst the global pandemic, this year has been a challenging time for Loxon as well as other industry players. The company had to concentrate hard on designing a fully home-office work schedule, and on continuing to provide top quality service to its clients during this trying period.

2“I am proud to say that we successfully overcame the hurdles of the current situation and made a smooth transition to the new mode of operation. Our clients can continuously count on our unwavering support, and we do our absolute best to partner with them and provide ongoing and innovative solutions with which to thrive in this difficult time. Our flexible platform-embedded artificial intelligence capabilities and agile product development methods enabled us to launch, within weeks, new modules, supporting our clients in handling changing customer behaviours, as well as the impact of the debt payment moratorium. However, not only during the pandemic, but also in the past 20 years, we have been constantly committed to the continuous technological and business development of our products and services. This excessive pursuit of innovation is fostered by the respectful trust of our clients, and the commitment of our former and present colleagues. I would like to take the opportunity to thank everyone for the trust placed in us so far, and to express this gratitude by serving our clients to  an even higher standard in the future, as well as by providing a flourishing workplace for our employees.” stated Tamás Erni, chairman of the company.

In addition to the continuous improvement of the company’s solutions, Loxon has set itself the goal of moving to a SaaS model, and to working together with partners in order to make delivery faster and more efficient. Moreover, a complete agile transition is under way in order to react to the fast-changing environment even faster than before. An example of this is the new version of the market leader Collection System which recently came to market with wide ranging and novel concepts which help clients to bring their debt collection to the next level.

To celebrate its 20th anniversary, the company is organising a webinar for its clients and former and present colleagues at the end of the year, where the executives will also speak. Subject to the development of the pandemic, Loxon would also like to organise live events in 2021.

About us:

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 Romania (Bucharest), Russia (Moscow), Manama (Bahrain), Turkey (Istanbul) and the United Arab Emirates (Dubai).

Contact:

Web: https://loxon.eu/
Tel: (36)-1-789-0626
Email: office@loxon.eu

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