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Tiimely’s chief technology officer and the CitoPlus co-founder have both been appointed to the LIXI board of directors.
LIXI Limited (LIXI), the member-owned not-for-profit that develops data message transaction standards for the Australian lending industry, has announced the appointment of Tiimely chief technology officer, Shantell Williams, and CitoPlus co-founder Richard Winkett to its board, effective immediately.
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The not-for-profit’s board includes a diverse range of industry experience with representatives from major lenders and fintechs.
In addition to Williams and Winkett, the board comprises:
- Mike Thanos, Domain Group general manager and LIXI chair
- Shelley Cotter, ANZ head of retail business execution
- Mirella Gallace, Westpac head of product manager
- Peter Harvey, Commonwealth Bank of Australia (CBA) general manager retail technology home buying
- Mark Lim, Simpology CEO
- Stephen Moore, representing LTX
- Phil Quin-Conroy, AMP Bank general manager – debt & cash flow solutions
- Abhish Saha, Sandstone Technology CEO
LIXI chair Thanos said he was pleased to welcome Williams and Winkett to the board.
“The high calibre of directors that LIXI attracts reflects the value of LIXI to the industry,” Thanos said.
“The diverse range of industry experience on the board and their collective passion to see our industry benefit from standardisation adds real value to LIXI and the industry as a whole.”
Williams said she was looking forward to the new role representing LIXI’s community of more than 150 organisations, including lenders, broker groups, lawyers, valuers, mortgage insurers, service providers, software providers, and industry associations.
“By aligning the needs of businesses, customers, and the industry, we can create standards that integrate seamlessly into infrastructure and deliver real value,” Williams said.
“I look forward to working with the board to advance LIXI’s mission of driving innovation and efficiency across the ecosystem.”
Winkett also commented on his firsthand experience of LIXI implementation and working across the industry to champion the LIXI2 data schema.
“I am incredibly excited to join the LIXI board,” Winkett said.
“LIXI2 has been front and centre for me over the last few years as I have been working closely with LIXI, commercial aggregators, and lenders to uplift the role of LIXI2 in commercial lending and look forward to bringing my experience and perspective to support the continued growth of LIXI.”
Established in 2001, LIXI publishes a data dictionary to enable efficient data transfer among all the participants involved in delivering a loan.
By standardising communication paths, the group enables any systems used in the digital processing of a loan to “talk” to each other from the point of application through to credit decisioning, provisioning, and servicing.
The group believes that standardised electronic messages allow organisations, vendors, and departments to communicate consistently, helping prevent data errors and simplifying integration projects.
By bringing about simpler data ecosystems and API integrations, the cost of change and speed to market are also increased, encouraging innovation, according to the group.
[Related: Mark Haron joins LIXI board]
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