A strategic review will see the chief executive of an ASX-listed payments and superannuation fintech step down from the lead role.
Effective today, Robin Beauchamp will vacate the role of chief executive at InPayTech.
Beauchamp will take on the role of chief technical officer, under his current contract terms, while the InPayTech board searches for a suitable chief executive.
The company said the move is the result of a recent strategic review of its product development, business focus and financial and human resources.
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The review identified key objectives, InPayTech said, including the generation of greater income streams from ClickSuper and its Single Touch Payroll products and services.
It is also looking to release SME payment service PayVu this month. The service aims to bridge the gap between accounting/payroll systems and internet banking.
The board is also reviewing the need for additional capital beyond June 2019 as a result of having reviewed staffing and resources, InPayTech said.
InPayTech is the parent company of PayVu, ClickSuper and Payment Adviser.
Beauchamp co-founded Payment Adviser in 2006, which was acquired by InPayTech in 2016.