Loxon Risk Suite Loxon


Overview


Budapest-based Loxon was set up in 2000 by a couple of university graduates, Kristóf Farkas and Tamás Erni, who had worked for a time at Raiffeisen. Early work was with this bank, on bespoke development projects. Banks in central Europe often had western core systems but these were seldom tailored for the market so tended to be surrounded by satellite systems. The founders of Loxon felt there was a lack of strong risk management and lending offerings.


Summary history 2000


2004 2004 2010 2011 2014


Established in Hungary. Launches Basel II product.


Gains first takers outside Hungary.


Opens offices in Bucharest and Belgrade. Opens offices in Dubai and Moscow. Gains deals in Asia and Asia Pacific.


Risk Management Systems & Suppliers Report | www.ibsintelligence.com


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