March 9th, 2015, London, UK: Innovate Finance – the independent membership organisation that represents the voice of Britain’s global fintech sector – has published a list of over 100 women in fintech in honour of International Women’s Day and in recognition of the role they’ve played within the financial services industry in the UK.
The list includes women of different backgrounds, ranging from CEOs of major banks and startups to educators, policy makers, thought leaders and media professionals. Some are well known in the industry while many others are the unsung heroes that operate behind the scenes and make significant contributions to the future of the sectors.
Claire Cockerton, founding CEO of Innovate Finance, said: ‘We regularly hear from our members about how we need to do more to encourage diversity, and help to attract suitable talent to grow their businesses.’ ‘We must do more to encourage diversity, given the higher returns that diversification it is expected to bring. We hope that our Women in Fintech supplement will raise awareness of how much women have done in this industry and help foster a more diverse workspace.’
Despite the positive impact of gender diversity on the business growth of the financial services and technology sectors, women remain largely unrepresented in the workforce. Research firm Gartner recently published a report showing the number of CIOs has remained stagnant at 14% for the past decade. The number of female entrepreneurs in fintech accelerators, on good years reaches 17%. The same problems also prevail. Pay gaps, the paucity of women on boards, the challenging experiences of women in leadership positions and the lack of flexible working options.
Nick Hungerford, chief executive and founder of Nutmeg, comments: “As in any sector, diversity is crucial within fintech if the industry is to maintain momentum and stay at the cutting edge of innovation. There is lots of work still to be done here in the UK, not only to encourage diversity in the workplace but also to nurture entrepreneurial spirit from an early age.