News

We have participated in the IFINTEC Finance Technologies Conference in Istanbul, Turkey. The rise of Fintechs, the involvement of Big Techs in the financial sector and the upcoming new technologies open exciting new opportunities and pose a significant threat for the banking sector at the same time.

Technological disruption, financial tech solutions and innovation strategies deployed by the banks were the main subjects of discussion. Today’s financial institutions need to understand that innovation is the foundation of sustainable growth and it must be handled with the upmost importance. Frequent topics included the usage of AI and Big Data, Open banking, Blockchain based implementations, voice and visual recognition to advance the customer experience in banking.

Loxon’s regional sales director Gábor Győrfi has made a speech about the usage of AI in the lending life cycle. He emphasized the benefits of using AI controlled scoring and decision-making processes compared to standard model building techniques. He also presented two cases from the field of Early Warning and Collection where we believe that the application of AI would bring the most benefits.

What would be your ideas for creating a new bicycle brand?
The finalists of the Student Management Championship had to give a detailed answer to this question in front of the panel of judges. After hearing all excellent solutions the final result is:
I. Place: 'team' (Budapest Corvinus University)
II. Place: Csípős Leves (University if Szeged)
III. Place: Elit Consulting (Pannon University)

Congratulations to everyone and thanks for the creative ideas.

Our participation at Portfolio's Lending conference is never a question. This year, Gábor Győrfi represented Loxon and talked about the revolution in the field of lending. You can read a short summary of the presentation from Portfolio below.

Gábor Győrfi, the regional sales director of Loxon held a speech about the areas of application of artificial intelligence in the field of lending. This year and the last banks have spent the most on digital rejuvenation, both in the case of developing back end or front end processes.
What follows this is the structuring and the analisation of data: each company sits on untouched 'goldmines' of information.
Analysing these conglomerates of data makes it possible to carry out prompt profiling of each client. The automation of notifications, offers, ordering services becomes possible, they can then personalise services and the bank can reduce their risks.

(Source: Portfolio.hu, https://goo.gl/dwDhma )