How Women Experts are Leading the Way in Fintech and Investment?

Roshni Khatri

7th Mar'24
How Women Experts are Leading the Way in Fintech and Investment? | OpenGrowth

Fintech has gained recognition as a vibrant and fascinating industry in recent years. Although experts frequently discuss the advantages of FinTech for women, few of them hold positions of decision-making in this quickly expanding sector. 

Given that women-funded firms increase capital twice as quickly as other startups, this figure is concerningly low. 

In the majority of sectors, women face more obstacles when starting their businesses. In any industry, the greatest obstacle facing women is overcoming gender prejudice. 

Women have a tonne of opportunities in FinTech, both for top management and for customers. According to studies, women make up 55% of the world's 1.7 billion unbanked individuals. FinTech can provide platforms for services that cater to the unique requirements of women and their families. Know here!

Why Have More Women in Fintech

As we all know,  women leaders can help drive effective solutions which can promote female ventureship. 

There are fewer of them in emerging markets. They still do better in the banking industry than in the technology sector, which is the other half of the equation.

Empowering girls and young women with a strong basis in science, technology, engineering, and math (STEM) is essential to increasing women's leadership and involvement in Fintech.

For girls and women to lead a role in the changing nature of work and the emergence of green employment, they must possess sufficient digital knowledge and abilities. 

Implementing Parental Leave and Flexible Work Schedules

Because work lives are changing, there has been a substantial increase in demand for childcare services in recent years. 

One of the best ways for leaders in the fintech industry to inspire the next generation of women in the industry is to provide flexible working arrangements and maternity leave initiatives. 

Flexible work schedules are vital for many women to balance the duties of parenting and a profession, which are becoming more and more important. 

 

Women Experts

 

When used in the fintech industry, remote work is a useful tool that helps many women work without sacrificing their professions or personal lives. 

Many companies have received recognition for having flexible and open work cultures, which has enabled them to rise to the top of their respective industries.

Establishing Online Networks for Women Working in Finance

For women who work in fintech, whether as founders or employees, digital communities must be established by fintech firms so that they may connect with other like-minded individuals. 

These networks can serve as a forum for employment openings, the posting of forthcoming positions. 

Fintech employees and founders may connect with other women in the industry by joining a variety of networking organizations. 

You can also read about the top factors influencing entrepreneurial potentials of women to build healthy relationships with other business owners

Women's Internships and Apprenticeship Courses

Women seeking to enter the fintech industry are often not given the opportunity by many fintech businesses. 

Through the implementation of traineeships or apprenticeship programmes, leaders may facilitate women's admission into the sector by establishing a model that other candidates can follow.

To benefit both sides, women in the fintech business should assertively volunteer their time to serve as mentors to newcomers. The mentee receives insightful guidance while having a person with insider contacts assist them in their job hunt. 

 In the meanwhile, this assists seasoned professionals in identifying issues that need to be resolved in terms of hiring fresh talent.

 

Women Experts

 

Gender-neutral Recruiting Procedures

Hiring women is, of course, one of the best ways to guarantee a more representative fintech workforce. 

But in addition to recruiting women, female founders and managers also need to actively search for female talent at all organizational levels, from entry-level positions to director-level positions. 

Fintech executives also need to address implicit prejudice in the sector head-on. 

Wind Up

The financial services sector is being disrupted by technology. These days, financial technology, or Fintech, is expanding access to banking services, generating new solutions and technologies, and providing investment possibilities. In short, financial technologies are providing investment opportunities to the females and it creates a great opportunity for the women entrepreneurs and capitalists. 

Even though the financial sector has seen a substantial increase in technology recently, more campaigning is still required to increase the number of women working in Fintech. 

Want to know more about women's entrepreneurial journey! Just connect with our experts-on-demand for instant support and guidance towards entrepreneurial ambitions!

A keen observer, who loves to spend time with nature. A fun loving person, enjoys to explore the new aspects of life. Passionate about reading and learning new things. Roshni is dedicated towards her work and has worked in different professions.

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