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News > Old Boy News > Digital Yet Human

Digital Yet Human

15 Mar 2024
Old Boy News
Old Boy Simon Beitz (1996) establishes a digital bank with a human focus.
Old Boy Simon Beitz (1996) establishes a digital bank with a human focus.


Class of 1996

After graduating from Churchie, Old Boy Simon Beitz (1996) went on to study Business/Commerce at Queensland University of Technology (QUT). He has since also completed corporate and managerial studies at the Australian Institute of Company Directors, Macquarie Business School, the National Institute of Dramatic Art (NIDA) and Stanford University Business School.

Throughout his career Simon has worked in consulting and payments businesses. In 2000 he co-founded the ASX-listed company EML Payments, who provide tailored payment solutions including the supply of gift cards and stored value cards. For 13 years at Suncorp he held several leadership roles overseeing various functions including Innovation, Strategic Partnerships, Lending, Business Banking, and Strategy advisory.

In 2018, as an experienced entrepreneur and banker, Simon noticed a gap in the market. With the existing banks poorly serving consumers and small businesses, he believed that Australians deserved a fairer and 100% digital banking experience. With this motivation and to challenge the status quo in Australia and having always been excited by bringing banking and payments into the digital age, Simon co-founded Alex Bank. To deliver a more human banking experience, by eliminating complicated paperwork, jargon and unnecessary fees, Simon and his co-founder even gave the bank a human name to bring back the ‘human-touch’ to banking and within weeks, not years, laid the technical foundations to deliver key capabilities. Alex Bank has received numerous awards both from consumer bodies and industry peers.

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