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BFCSA: The Name of the Banking Cartel known as LIXI...Circa 2000.

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http://www.theage.com.au/articles/2002/05/10/1021002394603.html

...........Initial discussions in early 2000 led to LIXI's formation as a not-for-profit company and an invitation to all potentially interested parties - lenders, mortgage brokers and insurers, merchant bankers, technologists and others - to join in developing mutually beneficial technical standards.  The project demanded an open and collaborative development process, to which end PageSeeder, a tool that gives users the ability to cumulatively add comments to documents across the Web, was used on the group's website - www.lixi.com.au

The CAL pilot was delivered in November 2001. .........

 

 Australian Banks and Mortgage Brokers sell a deal to Govt. to get electronic access to title deeds

Posted on Saturday, 13 October 2012

 

http://www.bfcsa.com.au/index.php/entry/australian-banks-and-mortgage-brokers-sell-a-deal-to-govt-to-get-electronic-access-to-title-deeds

The existence of a national system to process electronic loan applications can now be directly linked to “done deals” by Banksters involving COAG and State and Federal Governments. A national electronic mortgage clearing house is about to be created at huge taxpayer cost in order to give Banks and mortgage brokers direct access to State and Federal government document depositories.

 

The finance industry will be given the ability add and modify existing and new electronic documents including land titles and registered mortgages and to settle loans and property purchases all remotely and electronically? And there is a lot more to discover. Not a mention of the Bank’s secret weapon called "LIXI" in the Senate Hearings by anyone - not a whisper. Probably because only a few know that LIXI is already in positioned in the Australian financial industry with deep connections into the Banking and Finance Industry.

 

We'll demonstrate the LIXI has already been widely implemented in the mortgage industry and yet document fraud is known to be rife.. doesn't appear to work too well as far as a voluntary standard goes...

Who owns and controls LIXI?

You guessed it …the Banks and Mortgage Brokers. Its membership consists of 80 per cent of Australia’s mortgage lenders, including all the major banks.

 

 


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