FinTech Australia puts more women on its board

By David Tuckwell on Monday 5 June 2017


Where are the women in Aussie fintech?

In an industry criticised for its lack of women, FinTech Australia has chosen to lead by example.

Australia’s peak fintech industry group, FinTech Australia, has reshuffled its board in order to diversity its leadership.

The newly-elected board will have representatives from every state except Tasmania and is 30 percent female.

Simon Cant, a director of SocietyOne and MD of Westpac’s Reinventure Group, will stay on as president after running for reelection unopposed.

“We are very happy we have reached this gender diversity target with our new board and that nearly half of the nominees were women,” said Mr 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.

“It is also exciting to now see board representation from every mainland Australian State, which reflects that we have strong and growing fintech hubs across all our capital cities - not just in Sydney and Melbourne."

FinTech Australia was founded in 2015 by fintech startups to lobby for a more favourable policy climate. 

The Turnbull government’s 2017 budget, handed down last month, was seen as a major victory for the group.

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.