LIXI watchers will be aware that one way we've been trying to help members successfully implement LIXI-compliant systems is by providing "reference implementations" - i.e. working examples that show how the standards can work in practice. We're not trying to deliver production-ready systems, just assets that demonstrate practical implementation approaches to guide or assist member's own IT teams.
The first real example of this strategy was the Valuations Reference Implementation developed for us by our friends at NICTA. Another initiative that's underway now is the Visible Loans Project, again with NICTA, that is aimed at demonstrating how a Publish/Subscribe model of data dissemination can be faster, simpler and cheaper than traditional point-to-point connections.
Now we have a third initiative underway and I reckon it's a really juicy one. LIXI has teemed up with Microsoft to demonstrate that a practical and useful implementation of the LIXI Commissions standard can be rapidly achieved with absolutely minimal disruption to existing tools and processes. The key word here is "rapidly". We aim to complete the project by Christmas, and fervently hope that this will then enable some major lender and broker groups to have the Commissions standard in production use early in 2008. By past standards this is wildly ambitious, but on paper it looks eminently do-able...and you never know if you don't have a go.
BTW, while we are partnering with Microsoft on this the project will most definitely NOT be Microsoft-specific. In fact a key project goal for the Microsofties is to demonstrate just how well they function in a standards-based world. Personally I've long viewed Microsoft as the Evil Empire but I have to admit I've been impressed with what I've seen so far.
Anyhow, project kick-off is next Wednesday. If you're interested but somehow missed the meeting announcement feel free to send me an email and I'll pass on the meeting details.
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