Mr Tsen, who leads fintech co-working community Stone & Chalk Melbourne, replaces the retiring chair, MoneyPlace CEO Stuart Stoyan, who had taken on the role at the start of the year following the departure of FinTech Australia founder Simon Cant.
Along with Mr Stoyan, FinTech Australia said that Natalie Dinsdale, Lucy Lui and Jack Quigley are also departing.
The board of directors now include Mr Tsen, Tim Dean, Emma Weston, Luke Howes, Paul King, Melissa Mack, Niels Maartens, Lauren Capelin and Carla Harris.
The lobby group claims that, with a ratio of four women to five men on the board, it has “exceeded” its gender diversity requirements.
FinTech Australia last month announced the appointment of Uber’s former head of public policy and government relations, Brad Kitschke, who replaced Danielle Szetho.
At the time, the organisation said that one of Mr Kitschke’s priorities as CEO will be to drive FinTech Australia’s advocacy to introduce an open banking regime, which will require banks to provide customers and third parties with access to customer data where permitted.
The new CEO also said in May that he will be promoting the nation’s fintechs, which have grown from 100 companies in 2014 to nearly 700 by the middle of 2017, as “genuine” alternatives to major industry players, especially after damning revelations of inappropriate conduct during the financial services royal commission.
[Related: AFCA appoints new chief ombudsman and CEO]