News

In May Loxon took part in the Alpha One Middle East COO Conclave In Financial Services event as a golden sponsor. With around 140 participants it gave us many presentations wih high quality professional content and a rich opportunity for building relations.  Tamás Erni, Chairman of Loxon, held an exciting presentation about the new possibilities of lending and risk management supported with several case studies.

 

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.