Former Barclays Investment Bank chief operating officer Mike Bagguley has invested in the mortgage switching tool Dashly.
Bagguley has spent 17 years in various senior roles and core divisions of the Barclays group, from Macro Products to FX and Commodities.
Bagguley said: “When I first came across Dashly I was fascinated by its ambition to use technology to identify mortgage savings in a way that’s never been done before, with huge financial benefits not just for consumers but also the intermediary at the heart of this sector.
“Dashly turns the way we think of mortgages on its head, from something you deal with every few years to a product that can be changed at any time, as its algorithm is calculating billions of pieces of data each day.
“It empowers brokers like never before while also eradicating that public enemy number one, consumer inertia.”
Dashly is running its broker-only pilot exclusively through Paradigm Mortgage Club until the New Year before making itself available to the wider broker community in January.
Ross Boyd, founder at Dashly, added: “Having someone of Mike’s calibre and experience onboard is clearly a massive win for everyone here at Dashly.
“The fact that he has bought into our vision and what we are trying to do is a sign we’re on the right track.
“Few people have Mike’s level of understanding of both technology and financial services and so his input in the months and years ahead will be invaluable.
“We have big goals for Dashly in 2020 as we roll out our technology to the UK adviser community and there’s no doubt that Mike will help us realise them.”