Gender (In)equality At FinTech Boards

Gender (In)equality At FinTech Boards

Gender equality at workplaces has been a point of discussion for quite some time now in many organizations and industries as a whole. One such working

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Gender equality at workplaces has been a point of discussion for quite some time now in many organizations and industries as a whole. One such working segment is FinTech. Boasting a major take over in the banking world with its technological financial services, FinTech may be on to alter the course of history in the commercial world. However, as per the research by headhunters DHR International, FinTech has fewer women in their board of directors compared to other major banks.

Eight Percent

The Financial Giant is reported to have only eight percent of its board members comprising of women which is a far cry to the 22 percent at the other major banks globally. In an interview with the Financial Times, Gert Sturzebecher, who’s a partner at DHR based in Frankfurt, said that it was surprising to see fewer women sitting on the board of directors at FinTech yet the financial industry can improve on the past culture of equality.

Reports from Key FinTech Branches

FinTech has its tentacles well spread across the globe with 268 branches set-up across 19 countries. Of these, the Netherland headquarter falls in the last place with only three percent women board members as compared to eleven percent in Nordic countries and nine percent in the U.S.

The offices in France and Germany boast of a four percent women membership in the boards as compared to the eight percent in the U.K.

On a More Positive Note

As much as there are fewer women in their boards, FinTech is continually putting in more effort to include more female CEOs, organizers and other leadership positions in the mega-industry.

A good example of an exceptionally female CEO is Blythe Masters. The current most prominent figure at Digital Asset Holdings, was able to help raise $54 million, silencing all the cynics and showing the importance of the feminine touch in business.

There is Room For Improvement

In an interview, Masters was heard saying that in a majority of conference meetings, the presence of women is hardly noticeable.

She proceeded to advise that a lot can be done to bridge this gap of gender imbalance through programs that will encourage more young girls to take up technical subjects in school. This will, in turn, ensure they have a bright future in the world of entrepreneurs.

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