FinTech Australia appoints interim chief executive

The association representing Australia's burgeoning fintech industry is searching for a new leader following the resignation of its chief executive on Friday.

As the search begins to replace Danielle Szetho, FinTech Australia has appointed Sarah Worboys as interim chief executive.

Worboys was most recently the head of strategy and operations at Melbourne-based peer-to-peer invoice financier Timelio. She is a chartered accountant by profession.

FinTech Australia said Worboys has been a key player driving increased female participation in the Victorian start-up community. She built a community of more than 1000 women entrepreneurs through Ladies of York (launched originally from the York Butter Factory), which merged with the Startup Victoria Female Founders committee.

In a social media post the departing Szetho said her resignation was catalysed by her partner's study visa running out this month and hinted at an ambition to further her career in Asia. She departs after about two years in the role.

In a media release Szetho said: "With the support of the board, our team and our incredible community, we have turned FinTech Australia from being little more than an ambitious idea to an industry association that has successfully driven the fintech agenda across the nation, resulting in real, positive change in areas such as crowdfunding, digital currency regulation and open data."

"We started with 52 founding members - today we have well over 200, with strong connections across a broad range of regulators and policy makers. We've also built a strong international network to support our fintech community's expansion and growth," she said.

"I have enjoyed every minute I've spent understanding our members' challenges and arguing our case to government, and I'm proud of what our tiny team has delivered to promote and connect the fintech community through our Intersekt fintech festival and the Finnie awards."

Under Szetho's leadership the association dealt with policy outcomes which included:

  • The creation of an Australian Securities and Investments Commission (ASIC) regulatory sandbox;
  • Bringing equity crowdfunding to Australia;
  • Removing the double-taxing of goods and services tax for digital currencies, and bringing digital currency exchanges under Australia's anti-money laundering regime;
  • Reducing the barriers to entry for the establishment of new digital challenger banks;
  • Establishing the consumer data right which paves the way for an open banking regime in Australia; and
  • Establishing steps toward a self-regulatory framework for the unsecured small business fintech lending industry
Applications for the position of FinTech Australia chief executive are open until Friday, 23 March.

Read more: FinTech AustraliaAsiaASICDanielle SzethoFinnieIntersektLadies of YorkSarah WorboysStartup VictoriaTimelio
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