FinTech Australia discovers Uber trick won't work on the Big Four banks

Uber rose to prominence and captured market share with a pugnacious style that revolved around flouting laws and picking fights. But financial services is not ride-hailing.

And it seems lobbying on behalf of the local fintech start-up scene carried very different expectations to lobbying on behalf of an aggressive, global, multinational disrupter.

Uber’s former director of public policy and government in Australia, Brad Kitschke, has only spent four months as CEO of FinTech Australia. At a meeting of its board last Thursday, he tendered his resignation, citing his health.

While the whole fintech scene would obviously wish him a speedy recovery, Kitschke’s departure from the high-pressure role is also being met with a sense of relief.

Some were speculating on Friday, after receiving an email from FinTech Australia chairman Alan Tsen announcing the departure, that Kitschke had possibly seen the writing on the wall. After all, it is said his brusque style had already alienated a fair chunk of the membership.

To read more, please click on the link below…

Source: FinTech Australia discovers Uber trick won’t work on the Big Four banks | afr.com