EBANX’s Post

In Brazil, Pix has brought millions of people into the financial system; in India, UPI has given millions of women more autonomy and access to the labor market; in Kenya, Mobile Money has helped lift entire families out of poverty. These are just a few examples of how technology is an essential driver of financial and digital inclusion and in reducing gender inequality. Creating a social and economic environment favorable to women so they can develop and thrive is a central pillar of the discussions that have been taking place in the B20’s Women, Diversity and Inclusion in Business Action Council, a business forum created to propose public policies for G20 countries, which I co-lead. We want women not only to benefit from technology but to be able to take an active part in its development. That's why we believe it's important for companies to create initiatives that contribute to equitable access to quality education and technological training. At EBANX, for example, we have a program called Codes of Tomorrow (Códigos do Amanhã), which offers free technological education to young people living in social vulnerability. In the last class, 63% of those enrolled were women. Promoting gender equality is our duty as entrepreneurs. I had the opportunity to publish an article at Valor Econômico S/A newspaper about the impact of technology in promoting gender inclusion, highlighting many inspiring stories around the world. I'm happy to see so many great examples being put into practice. That's what we need : action!

International Women's Day: 7 FinTech companies with women founders In celebration of International Women’s Day, FinTech Global is shining a spotlight on seven FinTech companies with woman founders. Despite initiatives focused on greater gender equality in all walks of life, there is still a major gap. FinTech might be at the forefront of innovation and change, but it is still lacking behind in terms of gender equality. A study from Findexable in 2021 found that just 30% of the total FinTech workforce were women. Even more shocking is the fact that just 19% of executives in FinTech companies are executives, 11% are board members and only 1.5% of FinTech founders are women. Progress is being made, but much more work is still needed. In celebration of International Women’s Day, here are seven FinTech companies with women founders. Read the full list here: https://lnkd.in/g9rUb2eS #FinTech #iwd2024 #Founders   Velexa Red Oak Compliance Solutions Air Doctor Ellevest Muinmos KYND TAINA Technology Limited Tamara Kostova Maria Scott Melanie Hayes Cathy Vasilev Jenny Cohen Derfler Efrat Sagi-Ofir Sallie Krawcheck

📢Here's a report, just out, on why it's hard to climb in fintech - if you're a woman. IWD #investinher This article investigates gender disparities within the #fintech industry, highlighting a "triple glass ceiling" that impedes women's advancement in Fintech. 💥Underrepresentation in leadership roles in finance. Women are significantly underrepresented in leadership positions in finance. 💥In technology it's even worse with very small numbers of women in C level roles in fintech. 💥Entrepreneurship and VCs - a boys club, Male dominance leads to a tendency to invest in male-led ventures in a show of homophily, Addressing these barriers is crucial for promoting gender equality in fintech and fostering innovation within the sector. Lot's of stats that, I'd like to say make for interesting reading but really it's just rather sad. Women of FinTech #fintech The Fintech Marketing Hub CIC #MentorHer #DigitalHer #womenoftech #regtech Fintech B2B Marketing Community FinTech North Full article here https://lnkd.in/ebwSMRtp Chloe Fox-Robertson & Dariusz Wojcik FAcSS Cambridge University Press & Assessment

The fintech sector stands at the forefront of innovation and financial inclusivity, with Europe leading the charge in #gender #diversity. As we reflect on the progress and the road ahead in 2023, it's essential to highlight the contributions and positions of female specialists within the #European #fintech landscape. Percentage of Female Specialists: In 2023, women have made remarkable strides, now representing 35% of the fintech workforce in Europe. This number, while promising, underscores the need for continued efforts to achieve full gender parity. Leadership Roles: Europe has shown a progressive trend in women occupying leadership positions within fintech. Approximately 20% of C-level roles in European fintech companies are held by women, including CFOs, CTOs, and even CEOs. This is a clear indicator of the shifting dynamics and the breaking of glass ceilings in the industry. Technical and Non-Technical Positions: The distribution of female professionals across various roles in fintech has been notably diverse. In Europe, women account for 25% of technical roles, such as software engineers and data analysts, and 45% in non-technical positions, including marketing, HR, and operations. This diversity not only enriches the fintech ecosystem but also promotes a #balanced and #inclusive work #environment. Innovation and #Entrepreneurship: Female-led fintech startups have surged, with 30% of new fintech ventures in Europe being founded by women. These startups are not just contributing to the industry's growth but are also instrumental in driving financial inclusion and innovation. The European fintech sector's journey towards gender diversity is commendable, yet there's still a significant path to tread. It's imperative for organizations to foster a culture that promotes gender equality, supports professional development, and recognizes the unique contributions of female professionals. #WomenInFintech #GenderDiversity #FintechEurope #InclusiveFinance #Empowerment

As a company operating in the fields of #entrepreneurship and #financial technology we strongly believe that women should have a more prominent presence and take on leadership roles in this ecosystem. We are aware of the tremendous contributions that women professionals at every level bring to organizations, both in our industry and within our own community. However, due to persistent cultural biases that still exist, the representation of women in the business world is not at an adequate level. According to Findexable's 2021 report, women make up 19% of executives, 11% of board members, and 1.5% of founders in fintech companies, receiving only 1% of the total #fintech #venture funding. While achieving absolute gender equality requires more effort, time, and commitment, we have reasons to be optimistic. A study by the IMF suggests a positive relationship between the presence of women in leadership roles and the increased revenues of fintech companies in recent years. Women continue to make steady gains in professional opportunities, salaries, status, and decision-making positions in every field. A more just and inclusive fintech world is possible, so yes you can. 👩🏻💼👩🏼💼👩🏽💼👩🏾💼👩🏿💼👩💼 #InternationalWomensDay #GenderEquality #Fintech #8thmarch

UNDERSTANDING UNCONSCIOUS BIAS IN FINTECH: GENDER GAP IN ACCESSING FINANCIAL PRODUCTS AND SERVICES Let's delve into a topic that's both crucial and often overlooked: unconscious bias in FinTech and its impact on gender equality in accessing financial products and services. So, what is unconscious bias? Essentially, it's those hidden, automatic attitudes or stereotypes that influence our understanding, actions, and decisions without us even realizing it. In the world of FinTech, these biases can manifest in various ways, often leading to disparities in who gets access to financial opportunities. Now, when we talk about the gender gap in accessing financial products and services, it's essential to recognize that it's not just about numbers. It's about the underlying biases in algorithms, product designs, and decision-making processes that perpetuate inequalities. Women, for instance, might face higher interest rates or lower credit limits compared to men with similar financial profiles. Why? Because algorithms might unknowingly favour certain demographic characteristics associated with traditional notions of financial stability, which often align more closely with male profiles. This unconscious bias can have profound implications, widening the already-existing gender wealth gap. Women might be steered towards less favourable financial products or even excluded from certain opportunities altogether, simply due to biased algorithms or outdated stereotypes. So, what can we do about it? Awareness is key. By shedding light on these unconscious biases and actively working to dismantle them, we can pave the way for a more inclusive FinTech landscape. This means holding companies and institutions accountable for their algorithms, advocating for diverse representation in decision-making roles, and continuously auditing systems for bias. Ultimately, achieving gender equality in FinTech isn't just about fairness—it's also about maximizing economic potential. When we break down barriers and ensure everyone has equal access to financial resources and opportunities, we create a more prosperous and just society for all.  Let's keep pushing for progress together! #GenderEquality #FinTechInclusion #UnconsciousBiasAwareness.

💜 Celebrating the brilliance and strength of the remarkable women in my network this International Women's Day! 💪✨ As we celebrate this important day, I urge you to take a moment to reflect on the strides we've made and the work that still lies ahead. This year's United Nations theme, "Invest in Women: Accelerate Progress," underscores the vital role technology plays in advancing gender equality. I've been fortunate to immerse myself in technology throughout my career and have witnessed firsthand the crucial role it plays in empowering women. From breaking barriers in education to empowering women entrepreneurs and closing the gender pay gap, technology is a catalyst for change. I put down my thoughts in TechDay Australia. Check out the article that sheds light on how technology is helping accelerate women's progress. From Grameen Bank in Bangladesh, to the largest career community for women, Fairygodboss, Seva Mandir in Rajasthan to Africa's CAMFED - Campaign for Female Education - technology is helping empower women and girls all over the world. But the work is not done. It is vitally important to keep prioritising investments in technology infrastructure, digital skills training, and innovative solutions to empower women and girls, in an increasingly digital world. Read on here in CMO Tech: https://lnkd.in/gA7hMB2T #IWD2024 #InvestInWomen #GenderEquality #education #empoweringwomen #twilio Twilio #internationalwomensday

How Technology is Helping Drive Gender Inclusivity and Economic Empowerment: In recent years, technology has been a game-changer for gender inclusivity. From remote work to online learning, tech has opened doors that were once closed to many women. For example, according to McKinsey, advancing gender equality could add $12 trillion to global GDP by 2025! That’s an economic boost we can’t afford to ignore. The rise of digital platforms has allowed women, especially in developing countries, to start businesses with minimal overhead. Mobile banking, e-commerce, and micro-financing apps are empowering women to become entrepreneurs, driving both local economies and personal empowerment. In fact, a study by the International Finance Corporation found that 70% of women-owned SMEs in developing countries are underserved financially, but digital tools are starting to change that. But there's still a lot to be done. While technology is helping break down barriers, it’s not enough on its own. We need to ensure women have access to these digital tools and the training to use them effectively. Businesses can do more by prioritizing gender-inclusive hiring and promoting women in leadership roles, especially in tech sectors where they are underrepresented. The future is promising, but we need to keep pushing for progress. What role do you think technology should play in closing the gender gap? Let’s talk about it. #GenderEquality #DigitalEmpowerment #EconomicGrowth #WomenInTech #TechForGood #InclusiveWorkplace #LeadershipMatters

earlier this year, I started a campaign to shine a light on the incredible women in my network. i believe showcasing the talent and grit of trailblazing women is an important step in uplifting each other and fostering a greater sense of empowerment for female professionals everywhere. this month, I’m happy to spotlight my friend, Nicole Casperson.   i had the pleasure of speaking with Nicole during one of SignatureFD’s recent LinkedIn Live discussions. our conversation explored the hurdles many women face in the workplace and the importance of prioritizing gender diversity, particularly in finance. a timely topic that served as a canvas for her experience, intelligence and humor to shine. as the Founder of Fintech Is Femme, a growing media brand and community of more than 50,000 members that promotes gender equality in the fintech industry, Nicole knows better than anyone why we must advocate for women to have a seat at the table and treat business as a team sport. i was honored to share this discussion with her and learn from her experiences as a female entrepreneur in a field that men have long dominated. her leadership and entrepreneurial spirit are contagious and inspiring. it’s no wonder Nicole was named a Top Inspiring Female in Fintech by NYC Fintech Women and her insights on community-building and diversity have been featured in the LA Times and Nasdaq TradeTalks. prior to founding Fintech is Femme, Nicole was an award-winning journalist reporting on B2B companies. despite juggling the busy schedule that comes with the turf of running her own company, she contributes regularly to Forbes, sharing bold views on the intersection of finance, technology, and gender diversity. most recently, she authored the inspiring work “Fintech Feminists: Increasing Inclusion, Redefining Innovation, and Changing the Future for Women Around the World” on virtual shelves for pre-order now: https://lnkd.in/eSkdQdkG Nicole is a role model, not just to women pursuing a career in fintech or journalism, but to female professionals and entrepreneurs everywhere.   #womeninfintech #empowerment #femaleCEO #womeninleadership #womeninfinance

Financial empowerment and literacy are more than just tools for economic growth - they are the foundation upon which gender equality is built. However, in today's world, women are all too often left out of opportunities to create wealth that aligns with their personal aspirations and life design. On International Women's Day 2024, let's not just celebrate the progress we've made. Let's also recognize the need for a more inclusive approach to wealth management. We need to constantly challenge and question the status quo: - Whenever you find a room where women are absent, make it your responsibility to ask "why?" - When you see women's needs being overlooked or underserved, step up and ask, "How can I contribute to a better design of products and services?" I chose to answer these questions by supporting WealthiHer in their endeavor to dismantle the complex barriers that have historically kept women out of wealth-building conversations. Leveraging AI technology, WealthiHer delivers personalized financial education and investment opportunities designed specifically for women. So, I pose the question to you - how are you working to #InspireInclusion #everyday? #future | #technology | #IWD2024 | #InspireInclusion | #reinvent2024 __________________________ 🙏 Many thanks for taking the time to read this post. I am Maria Jose Perea Marquez, and this narrative was fueled by the unmatched power of human intelligence 🧠 . If you found this post insightful, I encourage you to explore my other posts and articles on LinkedIn. I regularly post on a range of topics, including: The interplay of 🎓 learning and 🦾 technology, focusing on financial and digital literacy 🦸🏻♀️ leadership and its multi-faceted aspects, the world of 📱 digital business, 🪞 weekly reflections & key learnings, encapsulated under #elevateweekly, and 🎧 podcast recommendations, which you can find under #walknlisten🚶♀️. I welcome you to like 👍, share 📢, comment ✍️, and turn on notifications 🔔 for my profile to stay updated with valuable insights and the latest content!