News

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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Loxon has been shortlisted for 2020 Banking Tech Awards

Oct 22, 2020


Loxon is proud to announce that it has been shortlisted for the Fintech 2020 Banking Tech Awards in the Excellence in Tech category, for the Best Digital Banking Solution Provider and COVID-19 Response awards.

The company nominated its collection solution, which seeks to introduce a novel approach both in terms of technology and mindset to the problem of debt reclamation, enabling banks and financial institutions to provide fast and relevant responses to environmental changes—such as COVID-19—through artificial intelligence, outstanding flexibility and customer empowerment.

Commenting on the shortlisting, Tamás Erni, CEO of Loxon, said: ‘The Banking Tech Awards are highly respected, and recognise significant achievements in the financial field. I am extremely pleased that we have been shortlisted, and I’m very excited about the results.’

This year’s award ceremony will be digital, and will be streamed on December 3rd.

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).

 

Business as unusual hackathon

Jun 2, 2020


To deal with issues related to the coronavirus pandemic and to foster its internal culture of innovation, Loxon hosted its first-ever #hackathon last Friday. More than thirty colleagues in eight teams worked on project ideas, aided by a quick training session at the beginning that introduced novel business development methods and mentors who offered their expertise throughout the event. Congratulations for all who took part in this venture and especially to the finalists who can transpose their projects into fully-fledged prototypes in an upcoming second round!

 

New ISO Certification

May 14, 2020


Loxon has successfully obtained ISO 22301:2020 certification for its Business Continuity Management System in April 2020.
 
We are proud to announce that our company is the first to be certified in Hungary according to this international standard.
 
During the three-day integrated audit Loxon has also renewed the certification of its Information Security Management System. Our company has maintained certification under ISO/IEC 27001:2013 standard since April 2017.
 
We believe that in the current epidemic situation, Loxon has been able to demonstrate in practice that it can successfully maintain business continuity and information security even in case of an unexpected occurrence.

 

Lunch&Learn Business

Feb 5, 2020


We have started a new Lunch&Learn Business series aiming to learn about new business trends during lunch break. It includes eight sessions on Digital Competition in Financial Services. After watching a 20-30-minute video we discuss the topic in smaller groups and as a closure, we can test our newly acquired knowledge in a quiz game. In the first two sessions of the series we learnt about the forces shaping the new competitive dynamics while we had pizza for lunch.

 

 

 

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