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.