PEXA, the world leader behind the first digital property exchange process, today announces the appointment of Nitesh Thadani to the role of UK Chief Technology Officer to drive the ongoing development and rollout of its technology platform in 2025.
Thadani, a long-time advocate of a digitised property transaction process, brings more than 20 years of experience in his field. He combines a deep expertise in fintech and SaaS businesses with extensive knowledge of the UK’s mortgage industry, having worked with and delivered integrations with some of the UK’s largest lenders, such as NatWest and Nationwide.
Thadani joins PEXA from Mojo Mortgages, where he was the Interim Director of Engineering. Previously, he has worked for and consulted with global organisations across the UK, US, India, and Australia, including ThoughtWorks, Barclays, McKinsey, British Gas, and recently, Smartr365.
Reporting into UK Chief Executive Officer Joe Pepper as part of the UK Executive Leadership Team, Thadani will join the business towards the end of January.
Joe Pepper, UK Chief Executive Officer of PEXA, commented: “It is with great pleasure that I welcome Nitesh to PEXA. 2024 was a momentous year for the UK business, and Nitesh will play a critical role in our ongoing success this year. He will lead on our technology roadmap as we continue to onboard and integrate lenders to the PEXA platform, develop our proposition, and work towards rolling out our Sale and Purchase offering. His expertise, skillset and track record of leading data-driven transformation will be invaluable.”
Nitesh Thadani added: “From open banking to embedded finance, I have had the privilege of witnessing the transformative impact technology can have for businesses and the sectors they operate in first hand, and PEXA has taken great strides to unlock its potential for the mortgage market. I am excited to play a role in delivering the technology that will enable it to streamline the UK’s remortgaging and homebuying process.”
The addition of Thadani to the UK Executive Leadership Team caps a year of significant progress for PEXA. In October, Metro Bank announced plans to work with PEXA to help improve its customers’ remortgage journey, with a strategic partnership with NatWest announced earlier in the year. This follows the prior onboarding of Hinckley and Rugby Building Society and Shawbrook Bank onto the PEXA platform. 2024 also saw PEXA launch the Future Property Transactions Group, a new pilot working group to drive collaboration between key property market stakeholders.