Stuart Stoyan is FinTech Australia’s new chair

Mark Kolbe/Getty Images

Stuart Stoyan, the founder and CEO of Melbourne-based fintech MoneyPlace, which in 2015 became Australia’s second fully licensed marketplace lending platform, has become FinTech Australia’s new chair.

He replaces founding chair Simon Cant who has led the the industry group since November 2015.

“It’s been an honour to lead the launch of FinTech Australia and, with the support of a committed team led by (CEO) Danielle Szetho and a dedicated group of fintech founders as my board colleagues, guide its rapid growth over the last two years,” says Cant.

Stoyan, a member of the Federal Treasurer’s Fintech Advisory Group and was also founder of the Fintech Census, has agreed to be acting chair until June 2018 when new board elections are due.

“I’d like to be the first to thank Simon (Cant) for his leadership of FinTech Australia,” he said. “He has been pivotal in helping guide the organisation from being little more than an idea to the strong organisation that it is today.”

Stuart Stoyan. Image: Supplied

Cant says FinTech Australia had advanced the fintech agenda significantly in the last two years with the majority of its reform priorities either enacted or the subject of major policy development initiatives.

These include a fintech regulatory sandbox, retail crowdfunding, the removal of goods and services taxation from digital currencies and bringing digital currency exchanges within the oversight of the Australian Transaction Reports and Analysis Centre, reform of venture capital legislation to improve fintech access to VC, and a major policy review around open data and open banking.

“At the same time we’ve grown our membership base, to just under 200 members, and have delivered major programs including the national Finnies awards and the EY Fintech Australia Census,” he says.

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