Revolutionizing Banking and Mortgages: Neo Financial’s Vision with Wayne Kainu

In this episode, Len Lane, founder of Brokers for Life Inc., chats with Wayne Kainu from Neo Financial about Neo’s impressive journey and innovative approach to financial services. Wayne shares his personal story, moving to Calgary in the 1990s as a speed skater, and how he eventually joined Neo Financial, founded by the creators of Skip the Dishes.

Neo has seen incredible growth, expanding from 100 to 800 employees in just three years. With cutting-edge technology, including a credit card application process that boasts 12-second approvals, Neo is reshaping banking and mortgage experiences in Canada. The company is focused on insured mortgages, offering competitive rates and a six-month term product, while setting its sights on the uninsured mortgage market using its deposits to improve efficiency and rates for brokers.

Wayne highlights Neo’s plans to build proprietary mortgage technology by 2025 and their commitment to integrating platforms like Velocity to streamline processes further. He also discusses industry trends, including the need for professional advice, the evolving broker mindset, and Neo’s dedication to supporting brokers through innovative tools like a trailer model to build equity in their business. Tune in for an insightful discussion on how Neo Financial is transforming Canadian banking and what’s next in its mission to enhance broker and client experiences.

About Wayne Kainu:

As the Head of Mortgages for Neo Financial, Wayne Kainu is an accomplished finance professional with extensive experience in the mortgage and lending sectors. Currently serving as the Head of Mortgages at Neo Financial since November 2021, Wayne previously founded and led Finevo Lending Group as President & CEO from February 2008 to November 2021. Prior to this, Wayne held managerial responsibilities in real estate secured lending at TD Bank from January 2003 to February 2008 and worked as a financial advisor at Scotiabank between May 1997 and January 2003. Wayne Kainu is also a graduate of the University of Calgary and holds a PFP® designation from the Canadian Securities Institute.

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Contact Len Lane | Brokers for Life:

Contact Wayne Kainu | Neo Financial: