Stryd, the flagship model of Perth-based open banking fintech Moneycatcha, has recruited Cheok Lee as Head of Product, because it continues to spice up its digital data-led options for mortgage brokers, aggregators and lenders.
Lee is a devoted product chief with over a decade of expertise in banking, funds and fintech, together with senior roles at NAB and Visa. He has additionally labored within the UK for fintech scale-ups Freetrade and Moneybox, each utilising open banking.
On this newly created place, Lee might be based mostly in Melbourne and can work carefully with Moneycatcha’s founder, Ruth Hatherley, to spice up the enterprise’s product roadmap.
“Stryd is dedicated to delivering nice fintech options for the Australian mortgage market,” Ms Hatherley stated.
“The current charge reduce implies that each borrower has rates of interest high of thoughts and lenders are sharpening their pricing. For mortgage brokers, the path e book is much more in danger to a competitor refinancing than earlier than.
“We’re excited to have Cheok filling this newly created place at Stryd. Along with his sturdy background in open banking and fintech, and keenness for product, he’s an incredible match for our staff,” Hatherley added.
Lee will even work carefully with Travis Hurst, Stryd’s Head of Supply, who joined the fintech final 12 months from digital house mortgage platform Tiimely.
“With the assistance of Travis within the supply position, I’m trying ahead to getting extra nice options and fintech capabilities into the fingers of mortgage brokers, aggregators and lenders,” Lee stated.
In August final 12 months, Moneycatcha secured $1.5 million in recent funds to focus on alternatives within the mortgage market arising below the Client Knowledge Proper (CDR) reset. This consists of strategic hires and accelerated progress plans.
“With additional rate of interest cuts predicted later within the 12 months, and CDR ramping up, 2025 goes to be a giant 12 months for Stryd,” Ms Hatherley concluded.
