Rocket Companies Names Venmo Chief Technology Officer, Former PayPal Executive, Papanii Okai EVP of Product Engineering
Rocket Companies (NYSE: RKT) has appointed Papanii Okai as Executive Vice President of Product Engineering, effective October 7, 2024. Okai, former Chief Technology Officer at Venmo and PayPal executive, brings extensive tech leadership experience to Rocket. His role will focus on creating AI-driven products to revolutionize the homeownership journey.
Okai joins Rocket as the company is leveraging AI to modernize the homeownership experience. Rocket's AI-powered tools, including Rocket Logic and Rocket Logic – Synopsis, are projected to save over 700,000 hours this year. Okai's appointment aligns with Rocket's strategy to enhance efficiency and personalization in the home buying process.
With nearly 11 years at Venmo, most recently as CTO, Okai led teams that scaled products for 90 million users. His experience at PayPal, serving over 400 million accounts, further strengthens his expertise in building high-performing teams and driving strategic initiatives in fintech.
Rocket Companies (NYSE: RKT) ha nominato Papanii Okai come Vice Presidente Esecutivo per l'Ingegneria dei Prodotti, con effetto dal 7 ottobre 2024. Okai, ex Chief Technology Officer di Venmo ed ex dirigente di PayPal, porta con sé una vasta esperienza nella leadership tecnologica in Rocket. Il suo ruolo si concentrerà sulla creazione di prodotti basati sull'IA per rivoluzionare il percorso verso la proprietà della casa.
Okai si unisce a Rocket mentre l'azienda utilizza l'IA per modernizzare l'esperienza di acquisto della casa. Gli strumenti alimentati dall'IA di Rocket, inclusi Rocket Logic e Rocket Logic – Synopsis, si prevede che quest'anno faranno risparmiare oltre 700.000 ore. La nomina di Okai è in linea con la strategia di Rocket di migliorare l'efficienza e la personalizzazione nel processo di acquisto della casa.
Con quasi 11 anni trascorsi in Venmo, più recentemente come CTO, Okai ha guidato team che hanno scalato prodotti per 90 milioni di utenti. La sua esperienza in PayPal, al servizio di oltre 400 milioni di conti, rafforza ulteriormente la sua competenza nella costruzione di team ad alte prestazioni e nella guida di iniziative strategiche nel fintech.
Rocket Companies (NYSE: RKT) ha nombrado a Papanii Okai como Vicepresidente Ejecutivo de Ingeniería de Productos, con efecto a partir del 7 de octubre de 2024. Okai, ex Director de Tecnología de Venmo y ejecutivo de PayPal, aporta una amplia experiencia en liderazgo tecnológico a Rocket. Su función se centrará en crear productos impulsados por IA para revolucionar el proceso de adquisición de vivienda.
Okai se une a Rocket mientras la empresa aprovecha la IA para modernizar la experiencia de adquisición de vivienda. Los herramientas impulsados por IA de Rocket, incluyendo Rocket Logic y Rocket Logic – Synopsis, se proyecta que ahorrarán más de 700,000 horas este año. El nombramiento de Okai se alinea con la estrategia de Rocket para mejorar la eficiencia y la personalización en el proceso de compra de viviendas.
Con casi 11 años en Venmo, más recientemente como CTO, Okai lideró equipos que escalaron productos para 90 millones de usuarios. Su experiencia en PayPal, sirviendo a más de 400 millones de cuentas, refuerza aún más su experiencia en la creación de equipos de alto rendimiento y en la conducción de iniciativas estratégicas en fintech.
로켓 컴퍼니즈 (NYSE: RKT)는 파파니 오카이를 2024년 10월 7일부터 제품 엔지니어링의 부사장으로 임명했습니다. 전 Venmo의 최고 기술 책임자이자 PayPal의 임원이었던 오카이는 로켓에 폭넓은 기술 리더십 경험을 가져옵니다. 그의 역할은 주택 소유 여정을 혁신하기 위한 AI 기반 제품 개발에 집중될 것입니다.
오카이는 로켓이 AI를 활용하여 주택 소유 경험을 현대화하는 가운데 로켓에 합류했습니다. 로켓의 AI 기반 도구인 로켓 로직 및 로켓 로직 – 시놉시스는 올해 70만 시간 이상의 시간을 절약할 것으로 예상됩니다. 오카이의 임명은 주택 구매 과정에서 효율성과 개인화 개선이라는 로켓의 전략과 일치합니다.
Venmo에서 거의 11년을 보낸 오카이는 최근 CTO로서 9천만 사용자를 위한 제품을 확장하는 팀을 이끌었습니다. 4억 개 이상의 계정을 담당했던 PayPal에서의 경험은 고성능 팀을 구성하고 핀테크에서 전략적 이니셔티브를 추진하는 그의 전문성을 더욱 강화합니다.
Rocket Companies (NYSE: RKT) a nommé Papanii Okai au poste de vice-président exécutif de l'ingénierie produit, à compter du 7 octobre 2024. Ancien directeur de la technologie chez Venmo et cadre chez PayPal, Okai apporte une vaste expérience en leadership technologique à Rocket. Son rôle sera axé sur la création de produits basés sur l'IA pour révolutionner le parcours vers l'accession à la propriété.
Okai rejoint Rocket alors que l'entreprise utilise l'IA pour moderniser l'expérience d'accession à la propriété. Les outils alimentés par l'IA de Rocket, y compris Rocket Logic et Rocket Logic – Synopsis, devraient permettre d'économiser plus de 700 000 heures cette année. La nomination d'Okai s'inscrit dans la stratégie de Rocket visant à améliorer l'efficacité et la personnalisation dans le processus d'achat de maison.
Avec près de 11 ans chez Venmo, dernièrement en tant que CTO, Okai a dirigé des équipes qui ont développé des produits pour 90 millions d'utilisateurs. Son expérience chez PayPal, en service pour plus de 400 millions de comptes, renforce encore son expertise dans la création d'équipes performantes et la conduite d'initiatives stratégiques dans le secteur de la fintech.
Rocket Companies (NYSE: RKT) hat Papanii Okai zum Executive Vice President für Produktengineering ernannt, ab dem 7. Oktober 2024. Okai, ehemaliger Chief Technology Officer bei Venmo und PayPal-Exec, bringt umfangreiche Erfahrungen in der technischen Leitung zu Rocket. Seine Aufgabe wird es sein, KI-gesteuerte Produkte zu entwickeln, um den Weg zum Eigenheim zu revolutionieren.
Okai tritt Rocket bei, während das Unternehmen KI nutzt, um das Erlebnis des Eigenheimkaufs zu modernisieren. Die KI-gesteuerten Werkzeuge von Rocket, darunter Rocket Logic und Rocket Logic – Synopsis, sollen in diesem Jahr über 700.000 Stunden einsparen. Okais Ernennung passt zur Strategie von Rocket, Effizienz und Personalisierung im Kaufprozess von Immobilien zu verbessern.
Mit fast 11 Jahren bei Venmo, zuletzt als CTO, leitete Okai Teams, die Produkte für 90 Millionen Nutzer skalierten. Seine Erfahrung bei PayPal, wo er über 400 Millionen Konten betreute, stärkt zusätzlich seine Expertise beim Aufbau von Hochleistungsteams und der Umsetzung strategischer Initiativen im Fintech-Bereich.
- Appointment of experienced tech leader Papanii Okai as EVP of Product Engineering
- Focus on creating AI-driven products to improve homeownership journey
- AI-powered tools projected to save over 700,000 hours this year
- Okai's experience in scaling products for 90 million Venmo users and 400 million PayPal accounts
- None.
Okai brings years of tech leadership to Rocket as the company continues its strategy of AI-fueled homeownership
"We've all experienced technology that drives real impact in the world through Papanii's work with Paypal and Venmo. Now, he will be using that skill to help revolutionize the homeownership journey," said Shawn Malhotra, Chief Technology Officer of Rocket Companies. "After serving in roles from a hands-on-keyboard engineer all the way to a CTO at both startups and large international tech companies, Papanii's technical depth and track record for building high-performing and highly engaged teams makes him a valuable asset for us at Rocket. I'm looking forward to working closely with him as he helps us continue to evolve and elevate our technology teams."
Okai joins Rocket at a time when the company is modernizing the homeownership experience for clients and partners by harnessing AI to create the most personalized, efficient and accurate process possible. The company created its own loan origination system – called Rocket Logic – that uses AI to identify and automatically extract data from the documents Rocket clients submit. A related tool, Rocket Logic – Synopsis, presents team members with searchable transcripts from calls, chats, relevant documents and data from Rocket Logic. With the company's AI-powered tools, Rocket is projected to save more than 700,000 hours of time this year.
"Homeownership is one of the most impactful things that can happen in someone's life. It brings security, stability and can build generational wealth – which is exactly why I jumped on this opportunity," said Okai. "The best way we can use technology is to make the path to homeownership easier, faster and more accessible. I'm looking forward to bridging the gap between technology and human experience, so people across the country, no matter where they are from, feel confident taking this life changing step."
Okai spent nearly 11 years in technology leadership roles at Venmo, most recently as Chief Technology Officer and Vice President of Engineering. He led the technology and engineering teams who built and scaled products used by Venmo's 90 million users, while driving strategic initiatives that solidified Venmo as a leader in peer-to-peer payments.
Okai also led the engineering teams at PayPal, the global payments company serving more than 400 million accounts, holding many roles ranging from platform engineer to Chief Technology Officer for Branded Checkout and Vice President of Engineering for PayPal Giving. He oversaw the engineers, developers and product managers worldwide who powered PayPal's payments platform used by both customers and merchants.
Okai will collaborate closely with engineers, product managers and design teams to build upon Rocket's AI-powered products. His leadership will ensure that Rocket continues to deliver technically advanced, client-focused solutions that drive innovation and efficiency at every stage of the home buying process.
About Rocket Companies
Founded in 1985, Rocket Companies (NYSE: RKT) is a
With more than 65 million call logs each year, 10 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership. Known for providing exceptional client experiences, J.D. Power has ranked Rocket Mortgage #1 in client satisfaction for primary mortgage origination and mortgage servicing a total of 22 times – the most of any mortgage lender.
For more information, please visit our Corporate Website or Investor Relations Website.
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SOURCE Rocket Companies, Inc.
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