NEW YORK–(BUSINESS WIRE)–Algebrik AI Inc., a New York-based company pioneering the world’s first cloud-native and AI-powered digital era Loan Origination Platform (LOS), today announced the appointment of Jesse Frugé as Vice President of Product Management.
Founded by Pankaj Jain, a veteran in the industry, Algebrik is designed to address the challenges faced by mid-tier banks and credit unions struggling with high customer acquisition costs due to broken omnichannel journeys and manual processes. With its AI-first and cloud-native platform, Algebrik revolutionizes the loan origination process with cutting-edge, inclusive AI technology, delivering faster, more accurate, and personalized lending experiences.
“We are excited to welcome Jesse Frugé to Algebrik AI as we drive innovation through AI, cloud, digital, and automation in lending technology. With over 13 years of experience in financial services and fintech, Jesse has originated over $100 million in new loans. Previously a Product Manager at Fiserv, he brings a deep understanding of financial services and a strong track record in growth and transformation, making him an ideal fit to lead our product management. His contributions will be pivotal in expanding our reach and delivering cutting-edge solutions to our clients,” said Pankaj Jain, Founder & CEO of Algebrik.
Commenting on his new role, Jesse Frugé added, “To say I am excited to join Algebrik AI is an understatement. Getting the opportunity to be part of the first cloud-native and AI-powered digital-era Loan Origination Platform (LOS) will be a unique challenge. We will leverage our talent, industry knowledge and ability to deliver functionality in a way that makes applicants and loan officers happy.”
About Algebrik AI Inc.:
Algebrik AI, headquartered in New York City, is the world’s first cloud and AI native digital-era Loan Origination Platform (LOS), designed for the next generation of members/consumers. In an industry that hasn’t seen significant innovation in lending technology in over 25 years, Algebrik AI empowers credit unions, mid-tier banks and lenders of all sizes to attract, engage, grow, and retain next-gen members/consumers and stay competitive in today’s digital era by transforming loan originations end to end. Algebrik AI does all the heavy lifting so that lenders can focus on growing their business and margins.
