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New CTO for Lendi group as AI transition ramps up

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The Adviser

Fintech platform Lendi Group has a new chief technology officer as it continues its transition to an “AI-native” operating model.

Former general manager of technology Devesh Maheshwari will take charge of Lendi Group’s technology strategy across the Aussie and Lendi brands, overseeing the group’s artificial intelligence (AI) platform, engineering, architecture and cyber security functions.

He will also lead the ongoing development of Lendi Group’s end-to-end property and home loan platform as the business continues to scale.

“I'm honoured to step into the CTO role at such a transformative time for Lendi Group, Maheshwari said.

 
 

“Our vision to become AI-native by mid-2026 isn't just about adopting new technology, it's about fundamentally reimagining how we create value for brokers, partners and customers.”

The Aussie and Lendi parent company aims to have AI extend into all areas of the business by June 2026, with over 1,350 brokers across 220 stores to use AI in the home loan process.

The ambition is to see agentic AI implemented in every decision made at the company, supported by an AI team.

Maheshwari said: “We're building an intelligent platform that anticipates needs, streamlines complexity, and empowers everyone in the property and home loan journey. I'm excited to work alongside our talented teams to turn this vision into reality, while maintaining the security and reliability our customers depend on.”

Maheshwari brings experience as both a chief information officer and chief technology officer, with a background in executive leadership, technology strategy and innovation.

He has overseen major cultural and technology transformations across highly regulated sectors, with a strong record of leading teams that deliver measurable business outcomes. Most recently, he served as general manager of technology.

Last month, Lendi also confirmed a major leadership change with the appointment of executive Sebastian Watkins as CEO, effective 1 January 2026. He will succeed David Hyman, who will remain as a director on the Lendi group board and as a special advisor.

Incoming CEO Sebastian Watkins said: “Devesh has deep technical knowledge and is a natural connector of people, product and strategy. He’s been a champion for the group, driving innovation, and we’re proud to see that technical strength represented in our executive leadership team.”

“Technology has always been at the core of our business, and more so now than ever, as we transition to become an AI-native business. Devesh has played a pivotal role in that journey so far and will continue to be a key influencer inside and outside the business as we build the next generation of our platform for brokers, partners and customers.”

Lendi Group listed some of the new tools that are coming to the company soon:

  • Contract analyser will allow brokers to offer unlimited, free reviews of contracts of sale while customers are still property shopping – helping flag key risks, unusual clauses, and material inclusions or exclusions. When ready to buy, brokers will connect customers with a licensed Aussie conveyancer.

  • Property analyser will generate instant reports based on public data – including local infrastructure, noise, school zones, and indicative property values – to help brokers provide deeper insights earlier in the customer journey.

  • A series of agents that will automate parts of the application process for brokers, including pricing, valuations, follow-ups, and more information requests (MIRs).

[Related: Broker associations push back on $47m CSLR special levy]

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