LIXI brings the lending community closer to straight-through processing by enabling industry participants to collaborate on non-competitive issues related to efficiencies and customer service. This includes standardising transactions like loan applications, credit assessments and loan settlement. As an independent, non-profit organisation, LIXI holds a unique position facilitating collaborative efforts to identify and solve industry-wide issues. LIXI is not just technical standards – it’s about enabling all players within the lending industry to do business with each other more efficiently and cost effectively. This includes issues that can be addressed with standards and/or B2B exchange of information via industry events and online discussion groups.