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Friday, March 12, 2021

findexable launches diversity survey, platform

As fintechs celebrated International Women's Day and Women's History Month, findexable launched a new global platform on March 9, 2021, designed to measure global diversity and inclusion initiatives. The Fintech Diversity Radar is gathering real-time data to demonstrate that diverse workforces are better at meeting customer needs and outperform companies with homogeneous staffing, according to Denise Gee, founder and managing director at findexable.

"Gender diversity makes business sense – a more diverse workforce equals more success and improvement is predicated on the ability to measure and track performance," Gee said in a statement. "For fintech's benefits to spread evenly across societies, we need data that is relevant, up-to-date, and validated, which is why we have launched the Diversity Radar."

While diversity has been a rallying cry in the fintech community, Gee noted that fintechs frequently lack the resources to invest in diversity initiatives and metrics to identify disparities. The Fintech Diversity Radar addresses these challenges by helping companies track performance, compare themselves with others and develop achievable objectives, she stated.

Global support

Gee thanked supporters for their advocacy, including sponsors Global Processing Services, Chargebacks 911, Fi911 and founding partners Center for Financial Inclusion at Accion, Financial Alliance for Women, Fintech4Good, Northeastern University, Fintech Mundi, University of Illinois Urbana-Champaign, SkyParlour and Systemic Logic Group. Fintechs are driving economic recovery and increasing access to marginalized communities, she stated, adding that contributions from across the payments ecosystem are effecting meaningful change.

"It is in fintech where we can finally make a difference—borne from a desire to level the playing field by using digital innovation to create cheaper, more transparent and accessible financial services for all," Gee said.

Monica Eaton-Cardone, chief operating officer at Chargebacks911 and Fi911, agreed, stating that offering STEM subjects to young women is an important step toward achieving gender parity.

"It is with great pride that I join such strong and trailblazing women sitting on the Fintech Diversity Radar," Eaton-Cardone said. "For too long women have been unrepresented in the progressive and disruptive sector that is fintech and it is the work of platforms like this that will pave the way for the future generations of talented and empowered women to take their rightful seats at top tables at businesses all over the world."

Near-term goals

Gee petitioned privately owned fintechs around the world to participate in findexable's anonymized survey, adding that responses will help shape a data-led report, set to launch in August 2021, that tracks progress continuously and in real time via the following metrics:

  • Map the global fintech landscape to identify how and where women are employed and assess progress.

  • Advance the employment of women in fintech by identifying practical actions to improve gender balance.

  • Build a roadmap for the advancement of female entrepreneurship in advanced and high growth markets.

  • Identify the cause and effect of success in serving female customers.

  • Highlight which countries, regions and firms are outperforming and analyse the reasons for their success.
  Gee additionally noted that everyone in the industry can participate in the survey, regardless of gender, by visiting illinoisaces.co1.qualtrics.com/jfe/form/SV_b73LNNlKrp7nfqC . Additional details about the survey and initiative are available at findexable.com/ end of article

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