Industry body FinTech Australia has appointed six new members to its board, hailing the move as a win for diversity in both gender and state representation.
The six new directors — AgriDigital’s Emma Weston, Tyro’s Natalie Dinsdale, Airwallex’s Lucy Liu, Hyperbank’s David Ball, The Week in Bitcoin’s Alan Tsen and Proviso’s Luke Howes — were elected last week from a pool of nine candidates to the nine-person board.
“We have undergone some important constitutional changes, to promote representation from states right across Australia and also to guarantee that at least 30 per cent of board members are women,” said Reinventure co-founder and FinTech Australia chair Simon Cant.
“The gender diversity change in particular represents a leadership action by FinTech Australia to help drive improved female representation across our industry, following the finding last year that just 13 per cent of senior fintech positions were held by women.”
Current members Cant, CrowdfundUp’s Jack Quigley and MoneyPlace’s Stuart Stoyan remain on the board, which now boast directors from all the mainland states.
The incoming board members, who will each serve a one-year term, replace the retiring trio of Stone & Chalk’s Alex Scandurra, Timelio’s Charlotte Petris and On-Market BookBuilds’ Nicholas Motteram. Cant thanked the outgoing directors for their “expertise, thought leadership and support” in leading the organisation in its first year of existence.
The new-look leadership team will have plenty to do in the next 12 months. Cant told Business Insider last month that regulatory and market reforms must take place urgently before foreign giants like Apple, Google, Facebook and Alibaba have a chance to kill local players.
“These companies have the resources and expertise to use their existing platforms and large customer base to deliver entirely new payments and other fintech solutions to Australian consumers,” he said at the time.
With near real-time payments coming in October and an open data regime due next year, Cant called on traditional banks and startups to start collaborating.
“To this end, incentives from governments at the Australian and state levels to encourage collaboration would be highly valuable.”
FinTech Australia was formed last year and runs on membership fees from the startup community. The organisation last month hosted the first-ever industry awards, The Finnies, which saw “buy now, pay later” provider Afterpay crowned fintech company of the year.