Key Points:
• Rocket Companies appoints Papanii Okai as Executive Vice President of Product Engineering
• Okai brings experience from leading tech companies like PayPal and Venmo, focused on building high-performing teams and creating AI-driven products
• Okai’s role is to work with senior technology leaders to create innovative, AI-driven products for Rocket Companies
Rocket Companies, a Detroit-based fintech platform, has appointed Papanii Okai as the Executive Vice President (EVP) of Product Engineering, effective October 7. Okai, a seasoned tech executive, will lead the company’s product engineering team to create AI-driven products at an accelerated pace.
As the founder and CTO of Venmo, Okai was instrumental in transforming the digital payment company into a leading mobile payment service. Prior to his tenure at Venmo, he held various technology leadership roles at PayPal, leveraging his technical expertise to spearhead the development of innovative products.
"I’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 hands-on keyboard engineer all the way to 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 an exceptional fit for this role."
Okai’s appointment underscores Rocket Companies’ commitment to leveraging cutting-edge technology to transform the financial services industry. As EVP of Product Engineering, he will work closely with senior technology leaders to design and develop innovative, AI-driven products that streamline the mortgage, real estate, and other financial services.
Rocket Companies’ recent moves demonstrate the company’s continued emphasis on innovation and raising the bar for industry standards. As Okai assumes his new role, he will draw upon his extensive experience in leading high-performing teams and creating game-changing products to drive Rocket Companies’ growth and success.
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