Changing of the guard at FinTech Australia as industry faces tough challenges

Lobby group FinTech Australia has a new chairman and relatively new CEO, a refreshed leadership team to represent its 243 fintech start-up members in the corridors of political power.

At its annual general meeting last Wednesday, Alan Tsen was elected new chairman of the group, which was founded in 2016 to help drive pro-competition, technology policy, such as the government’s open banking regime.

A former corporate lawyer, Tsen has his finger on the pulse, given his day job is general manager of Stone & Chalk’s new operations in Melbourne. The hub is backed by 24 corporate partners including the Melbourne-based major banks ANZ Banking Group and National Australia Bank.

Tsen replaces Stuart Stoyan, the founder of marketplace lender MoneyPlace, who has relinquished the role after a six-month stint in the chair.

He stepped in to replace inaugural chairman and FinTech Australia founder Simon Cant, co-founder of Reinventure Group.

At the meeting last week, three FinTech Australia board members also stood down. The new board – comprising five men and four women – is Tsen, Tim Dean, Emma Weston, Luke Howes, Paul Kang, Melissa Mack, Niels Maartens, Lauren Capelin and Carla Harris.

The board changes come hot on the heels of the appointment of FinTech Australia’s new CEO, Brad Kitschke. He’s been in the role for a month and joined after four years as head of public policy and government relations at Uber.

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Source: Changing of the guard at FinTech Australia as industry faces tough challenges | afr.com