Toronto’s SAVVYY is working with three leading Canadian financial institutions to modernize their mortgage lending infrastructure, optimize workflow for underwriters and significantly speed up the mortgage application process for customers.
Established in 2018, SAVVYY announced this week that Duncan Hannay has joined its Board of Directors.
Hannay is currently President and CEO of Ontario Lottery and Gaming (OLG) and has previously held senior roles at Street Capital Bank of Canada, Finastra, Scotiabank and E*TRADE Financial.
The appointment marks a major step forward as SAVVYY brings next-generation digital lending capabilities to Canadian and international financial institutions.
“Joining SAVVYY’s Board is a rare opportunity to work with one of Canada’s most talented and experienced development teams as they modernize legacy lending platforms of the major banks,” shared Hannay.
“Having spent more than 20 years of my career at the intersection of technology and financial services, I can say with confidence that the manual, costly, and error-prone mortgage technologies that most lenders rely on are overdue for innovation. SAVVYY’s AI-capable lending infrastructure will save time, streamline workflow, and result in a dramatically improved customer experience.”
SAVVYY co-founders Salim Naran and Norm Cappell bring a wealth of knowledge, expertise, and connections to SAVVYY’s mission to transform Canada’s lending industry.
The SAVVYY executive leadership team consists of seasoned technology and financial services professionals with a proven track record of building enterprise lending systems through senior roles at Borrowell, Paradigm, Filogix, RBC, and Merrill Lynch.