LIXI Forum 2025 Recap

A central focus of the forum was the drive to create a more connected and efficient lending ecosystem. The LIXI2 Messaging Architecture, a key member-led initiative, was presented as a critical step toward standardising data transmission to reduce complexity and cost. This was complemented by the "Modern LIXI2 Integrations" panel, which provided practical examples of how modern frameworks and LIXI2 tooling can accelerate integrations and lower the total cost of ownership.

The "Survived & Thrived" startup panel offered an unvarnished and deeply valuable look at the realities of navigating the industry, with leaders sharing honest lessons on resilience and strategy. This session provided a rare and insightful perspective on the challenges and triumphs within the fintech space, resonating strongly with attendees.

Further reinforcing the theme of a dynamic ecosystem, the MFAA's update on the ongoing rise of broker-originated market share was another key takeaway. The presentation on Cognitive Risk and your Neural Network also drew interesting parallels with industry resilience, and it was a pleasure to welcome a past LIXI director back to the forum to share these unique insights.

Artificial Intelligence was a pervasive theme, appearing in nearly every presentation and demonstrating its growing impact on the industry. Elula delivered a powerful case study, showcasing impressive customer retention results achieved with their AI product, 'Sticky,' which helped a major lender retain billions in lending and significantly boost revenue. This provided a tangible example of AI delivering measurable business value.

The LIXI tech team contributed with practical demonstrations, showing how AI can be used to generate web forms directly from LIXI2 schemas and how to build local, secure AI chat engines using Retrieval-Augmented Generation (RAG). These sessions demonstrated how AI is becoming an accessible and powerful tool for developers to accelerate their work and enhance their products.

A key takeaway was the importance of the "two AIs." The industry is being driven forward not only by Artificial Intelligence but also by the Consumer Data Right's new 'Action Initiation' (AI) capability. It’s clear that both forms of AI are already delivering significant value back to our members, paving the way for a more automated and intelligent future.

Crucial context for the industry's future was provided by sessions focused on the interplay between regulation and standards. The regulatory update from Dentons shone a light on increasing scrutiny from bodies like ASIC and the OAIC, particularly around cybersecurity, hardship, and the use of personal information in automated decision-making. This underscored the critical need for robust, transparent data practices, for which LIXI standards provide an essential foundation.

The update on the Consumer Data Right's 'Action Initiation' from Dr. Ian Oppermann showed a clear path to a future where consumers can securely act on their own data. This 'write access' capability will allow consumers to initiate actions like loan applications directly, creating a powerful synergy with LIXI standards which structure the very data that will be acted upon.

Finally, the session on leading with BIAN to realise composable banking architectures demonstrated how global standards can accelerate innovation. By combining BIAN's global banking blueprint with LIXI's localised specifications, the industry can build more agile and interoperable systems. The promise of further LIXI/BIAN collaboration signals a strong commitment to this harmonised approach.