Australia’s biggest financial comparison site, Canstar, has announced the appointment of Angelo Demasi (main photo) as its new chief product and technology officer.
Demasi will now lead Canstar’s digital innovation strategy, advancing the company’s technology capabilities, and improving customer and client experiences online.
The new role adds to Demasi’s already extensive resume, which includes serving as partner and managing director of global consulting firm, BCG Digital Ventures, as well as holding executive and senior leadership roles in digital teams at Westpac and NAB.
He is also a board member for several companies across the tech, energy, health and fitness sectors.
Canstar managing director and CEO, Andrew Spicer, said Demasi had an “impressive” track record in digital transformations and product development.
“His deep digital experience will be paramount to leading our talented team in building the next generation of digital solutions for our customers,” he said.
“Canstar has been investing heavily in its technology platform, using leading edge Google, Facebook and AWS technologies. We now have over 80 product and technology specialists working on the business.
“Angelo’s remit will also see him take executive responsibility for Canstar Labs, which has been developing machine learning solutions to help consumers understand the likelihood of acceptance by lenders for a loan or credit facility.”
Commenting on his remit, Demasi said, “Australian consumers trust Canstar to help them in making better financial decisions. There is an incredible opportunity to leverage emerging technologies such as AI and ML together with the consumer data right for open banking and energy, and credit reporting to deepen this trust.”
“Canstar is the best positioned Australian business to replicate the success of leading US firms such as Credit Karma – to become Australia’s most trusted digital platform empowering more people to take control of their financial life.”
Demasi’s appointment follows Canstar announcing a batch of new alliances including partnering with Frollo in the Personal Finance Management (PFM) and open banking spaces, and the implementation of Tealium as a Customer Data Platform (CDP).
