Loxon – a leading end-to-end credit management Business Solution provider – was awarded Best Risk Management Solution Provider at the MEA Finance Banking Technology Summit & Awards 2022 in Dubai. After 2021 this is the second time in a row that Loxon has received the award. This success reflects the continuous outstanding achievement of the company and represents further recognition for Loxon after the company improved eleven places in Chartis’ RiskTech100® 2022. The award ceremony took place on 19th May in Dubai where Ahmed Giyab, Business Development Manager was able to receive the trophy and the accompanying professional recognition in person.
Loxon nominated for the award its IFRS9 Business Solution, which provides end-to-end compliance from accounting, risk and ECL perspectives in a way that both consolidates the financial and risk dimensions and fulfils the expectations of the bank and/or banking group’s top management, the bank’s external auditors and notably, the regulators. It is an advanced strategic product which facilitates dynamic adaptation to the changing economic and regulatory environments in areas such as stress testing, what-if and sensitivity analysis, macroeconomic regression and forecasting, and the recalibration of risk parameters.
Ahmed Giyab, Business Development Manager of Loxon said about the victory: “During development, our guiding principle is to serve our clients in the best possible way and deliver a positive impact on their business. The winning of the MEA Finance Banking Technology Award 2022 for the second time in a row is a great honour and an acknowledgement that our products really do benefit our customers, as well as confirming that we are on the right track.”
“We are honoured to recognise Loxon for this prestigious award for the second year in a row,” said Kenneth Mitchen, Executive Director & Publisher of MEA Finance Magazine. “Loxon offers an outstanding range of software solutions and consultancy services that deserve recognition. It’s a significant advantage that these exceptional risk management services – which include credit risk modelling, data management, economic forecasting, and consultancy – are available to Banks and Financial Institutions in the region. Once again, congratulations to Loxon.”