LIXI

What LIXI does

LIXI is a member-based, not-for-profit data standards body founded in 2000 and headquartered in Sydney, Australia. It develops and maintains LIXI2, a comprehensive suite of XML and JSON data standards enabling efficient B2B data exchange across the lending industry in Australia and New Zealand. The standards cover the entire lending lifecycle including credit applications (CAL for Australia, CNZ for New Zealand), credit decisioning, serviceability, mortgage insurance, valuations, document preparation and settlements, account creation, fraud detection, and customer management. LIXI supports these standards with a developer tooling ecosystem including the LIXI Python Package on PyPI, XML/JSON/Schematron validators, auto code generators for C#/Java/Python, a Customisable Forms Framework, Open API Specification, and the LIXILab collaborative platform.

LIXI operates a community-governed model with 100+ paid licensees and members drawn from across the lending ecosystem, including major Australian banks (Commonwealth Bank, ING DIRECT, NAB, Westpac), aggregators (Choice Aggregation Services), brokers (Connective), and service/software providers (LeadPoint DMS). Revenue is generated through annual membership fees and licensing fees for development and production use of the standards. The organization is led by CEO Shane Rigby (appointed 2017, previously CTO) and Chief Customer Officer James Pitt (joined 2023), with a lean staff of 1-10 employees. Governance is provided by a Board of Directors elected from member organizations, with Mike Thanos serving as Chairman since December 2021.

Name

LIXI

Legal name

LIXI Limited ABN 53 095 299 835

Website

https://lixi.org.au

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

LIXI is a member-based, not-for-profit data standards body developing XML and JSON standards (LIXI2) for B2B data exchange across the Australian and New Zealand lending industry, serving 100+ paid licensees including major banks, aggregators, brokers, and software providers.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: LIXI operates as a not-for-profit member-based organization. Members pay annual membership fees to access standards, participate in working groups, and receive benefits including premium tools, training, and networking opportunities through conversation series and annual forums.
2. Licensing Fees: Organizations license the LIXI standards for use in their products and services. Licenses are available for development and production use, with pricing based on organization type (lender comprehensive, etc.).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

LIXI develops and maintains the industry-owned LIXI2 XML and JSON data standards used for B2B data exchange across the lending lifecycle in Australia and New Zealand. The standards cover credit applications, credit decisioning, serviceability calculations, mortgage insurance, valuations, document preparation, settlements, and account creation. LIXI also distributes a portfolio of supporting developer tools (validators, code generators, Open API specifications, a Python package, customisable forms framework) and provides training, events, and the LIXILab collaboration platform to its members and licensees.

Product overview

LIXI is a member-based, not-for-profit data standards body for the lending industry, providing the LIXI2 Data Standards as its core product - a comprehensive suite of XML and JSON standards enabling efficient B2B data exchange across the lending ecosystem. The portfolio includes transaction standards for credit applications (CAL, CNZ), credit decisioning (CDA), serviceability (SVC), document preparation and settlements (DAS), mortgage insurance (LMI), valuations (VAL), account management (ACC, ALA), policy search (PSA), and fraud detection (AFD). Supporting the standards are developer tools including the LIXI Python Package, XML/JSON/Schematron validators, code generators for C#/Java/Python, the Customisable Forms Framework, Open API Specification, and Postman collections. Additional offerings include training programs, the LIXILab collaboration platform, and sample message repositories available to members and licensees.

Differentiator

Problem solved

Functional benefit

Brands

• LIXI2: Next generation XML and JSON data standards for the lending industry, successor to LIXI1.
• LIXILab

Products and services

• LIXI2 Data Standards Industry-owned XML and JSON data standards enabling efficient and agile use of technology across lending workflows. Used by lenders, aggregators, brokers, and service providers for B2B data exchange in Australia and New Zealand.
• Credit Applications for Australia (CAL) Standards for electronic lodgement of credit applications in Australia including mortgages, cards, personal finance, commercial and business lending. Used by lenders and aggregators to exchange application data.
• Credit Applications for NZ (CNZ) Standards for electronic credit applications for New Zealand including home loans, car loans, and deposit accounts.
• Credit Decisioning (CDA) Standards for interfacing credit origination systems with credit decision systems.
• Serviceability (SVC) Standards for interfacing with serviceability calculators used to assess borrower serviceability in lending decisions.
• Document Preparation & Settlements (DAS) Standards for generating documentation necessary to originate a credit product and for engaging with settlement process entities.
• Mortgage Insurance (LMI) Standards for interfacing between lenders and insurers for submission, approval, and return of policy information for mortgage insurance.
• Valuations (VAL) Standards for interfaces between lenders, valuers, and related service providers to order, execute, and return reports for real estate valuations.
• Account Creation (ACC) Enables electronic messaging between lenders and loan servicing organisations or lender core banking systems when creating a new loan account.
• Account Maintenance for Australia (ALA) Standards for account lookup and maintenance in Australia covering post-settlement account servicing activity.
• Policy Search for Australia (PSA) Standards for insurance policy search in Australia used by lenders and insurance providers to exchange policy data.
• Application Fraud Detection (AFD) Standard for electronic messaging between credit origination systems and fraud detection systems to support application fraud screening.
• Customer Management for Australia (CMA) New draft standard for customer management in Australia, currently in Request for Comment stage, covering customer onboarding and management data exchange.
• LIXI Python Package Python package available on PyPI for reading and validating LIXI2 messages in XML or JSON format, with features for schema customisation, message transformation, and documentation generation.
• LIXI2 Open API Specification Open API specification that simplifies third-party data integrations with LIXI2 standards, enabling rapid deployment of LIXI2-based APIs.
• LIXI2 Customisable Forms Framework Framework for rapid prototyping of forms to create, read, edit, validate, and submit LIXI2 messages, reducing form development time from weeks/months to hours.
• LIXILab Collaborative platform for developing and testing LIXI standards, accessing sample message repositories, and participating in working groups. Available to members and licensees.
• LIXI Training & Events Training programs including LIXI 2.0 Fundamentals technical training, Conversation Series networking events, Tech Talks webinars, and the annual LIXI Forum, available to employees of member organisations.

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered notable and core.

• LeadPoint DMSnotableTechnology or Integration · 7 September 2021LeadPoint Mortgage Services made an instance of their LIXI2 based WebMortgages service available to the LIXI Community - an industry first for LIXI2 Open API demonstration. This partnership showcases practical implementation of LIXI2 standards in a production environment.
• Financial Executive Women (FEW)notableStrategic or Co-development Partner · 3 June 2021LIXI CEO participated in a livestream with FEW discussing digital transformation and technology implementation opportunities in the lending industry. Represents collaboration on diversity and professional development topics.
• LTXcoreTechnology or Integration · 1 July 2014Partnership for provision of 'technical director' services including change request prioritisation and analysis, Data Dictionary updates, and CAL 2.0 standard package development. LTX assists LIXI with technical standards management.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MISMO: MISMO (Mortgage Industry Standards Maintenance Organization) is the US mortgage industry's data standards body, operating under a similar model to LIXI by developing and maintaining XML/JSON standards for mortgage lending workflows including credit applications, loan delivery, and servicing. LIXI is effectively MISMO's Australian/NZ counterpart.
• Origo: Origo is a UK-based not-for-profit organization providing standards and services for the financial services industry, including mortgage and protection messaging standards. Origo's role as a UK lending industry data exchange standards body is highly comparable to LIXI's role in AU/NZ.
• Real Estate Standards Organization (RESO): RESO is a US-based non-profit technology standards organization for the real estate industry, developing data standards and APIs. RESO's role in real estate data interchange, including mortgage-related workflows, parallels LIXI's lending industry standards work.
• Open Banking Implementation Entity (OBIE): OBIE is the UK implementation entity for Open Banking, developing and maintaining API standards for financial data sharing. Like LIXI, OBIE operates as a member-driven organization maintaining data standards that enable lender-fintech data exchange.
• Financial Data Exchange (FDX): FDX is a US/Canada-based non-profit standards body focused on financial data sharing APIs, with broad participation from banks, fintechs, and data aggregators. FDX develops and maintains API specifications similar in purpose and member-driven governance to LIXI2 standards.

Broad incumbents

• ISO 20022: ISO 20022 is the global standard for financial messaging, increasingly adopted across payments and securities. As a higher-level messaging standard, it overlaps with LIXI's XML/JSON messaging standards in financial services data exchange and represents a broader incumbent alternative.
• SWIFT: SWIFT is a global member-owned cooperative providing financial messaging standards and network services. While broader in scope than LIXI, SWIFT's role as a financial industry messaging standards body and member-driven governance model is conceptually similar.

Others

• Australian Payments Network (AusPayNet): AusPayNet is Australia's payments industry self-regulatory body, managing payments standards and infrastructure. While focused on payments rather than lending data exchange, AusPayNet operates as a similar not-for-profit, member-driven industry body in the adjacent Australian financial infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/lixi_ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LIXI