Initiative to Increase Women in FinTechs Kicks off.

538
1300

Story by Daily Monitor.

An initiative aimed at having more women involved in the Financial Technology (FinTech) ecosystem has been unveiled.

This development comes at a time when there is negligible women involvement in FinTech; a fact that according to Louise Brett, the head of FinTech at Deloitte UK somewhat makes FinTech “an industry founded for men, run by men, and making products for men.”

Codenamed Women in FinTech Hackathon, this activity will have female developers convening to develop financial inclusion solutions that address their communities’ needs, aided by Level One Project principles and the latest payment technologies such as Mojaloop open source software from 12th to 17th September.

Organized by HiPipo under its Include EveryOne program in partnership with Crosslake Tech, ModusBox and Mojaloop Foundation, this women focused hackathon will culminate in to the Women in FinTech summit on Friday 18th September.

While announcing these two activities, Innocent Kawooya, the CEO of HiPipo noted that it is important to have more women involved in financial technology as this will ensure that products and services on the market are well-tailored to serve women, who are less included.

“In line with Bank of Uganda, the United Nations and Level One Project’s Financial Inclusion principles, the Women in FinTech hackathon and summit will promote the adoption of ICT-based financial services because they deliver affordable and innovative financial solutions to the poor, vulnerable and least included groups such as women,” Innocent Kawooya, said.

The women in fintech hackathon and summit are part of concentrated global efforts geared towards addressing glaring gender disparities in the FinTech Industry.

The 2017 WOMEN in FINTECH POWERFUL LIST revealed that less than 17 per cent of those occupying senior FinTech roles in the UK were women. Further, gender analyses for the companies shortlisted for the 2017 FINTECH 50 revealed that just about 5 per cent of the founders were female.

The same is observed in Africa and Uganda particularly. For example, only 4 (10 per cent) of the 40 companies that took part in the just concluded 40 Days 40 Fintechs Initiative and FinTech Landscape Exhibition had women co-founders or women in their senior management teams.

According to Damali Ssali, a Trade Development Expert, the lack of representation of women in the fintech space means that financial technology solutions are being developed without the full understanding of the needs of those that are the majority and most affected.

“It is important that the existing fintechs take deliberate steps to have more women in their senior leadership positions so that they are inclusive and address the diversity issue. I believe that activities such as the upcoming Women in Fintech hackathon and summit are certainly a good start as there is need to take deliberate steps to support this segment.” Damali Ssali advises.

Ends.

538 COMMENTS

  1. Woah! I’m really digging the template/theme of this site. It’s simple, yet effective. A lot of times it’s very difficult to get that “perfect balance” between superb usability and appearance. I must say you have done a very good job with this. Additionally, the blog loads very quick for me on Internet explorer. Excellent Blog!

  2. Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    This is my first time go to see at here and i am actually happy to read all
    at one place.

  3. Its such as you read my thoughts! You seem to understand so much approximately this, like you wrote the guide in it or something. I think that you simply can do with some percent to force the message home a little bit, however instead of that, this is excellent blog. A fantastic read. I will certainly be back.|

  4. Thanks on your marvelous posting! I quite enjoyed reading it, you are a great author.I will ensure that I bookmark your blog and will eventually come back in the foreseeable future. I want to encourage you to definitely continue your great job, have a nice weekend!|

  5. Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say wonderful blog!

  6. fantastic issues altogether, you simply won a brand new reader. What might you suggest in regards to your publish that you just made some days ago? Any positive?

  7. Heya i’m for the first time here. I found this board and I in finding It truly helpful & it helped me out
    much. I am hoping to offer something back and aid others like you helped me.

  8. Hey there, I think your site might be having browser compatibility issues.
    When I look at your website in Chrome, it looks fine but when opening in Internet Explorer, it
    has some overlapping. I just wanted to give you a quick heads up!
    Other then that, wonderful blog!

  9. With havin so much content and articles do you ever run into any problems
    of plagorism or copyright violation? My site has a lot of exclusive content I’ve either authored myself or
    outsourced but it seems a lot of it is popping it up all over the
    web without my permission. Do you know any techniques to help
    protect against content from being stolen? I’d definitely
    appreciate it.

  10. Thanks for your suggestions. One thing I’ve noticed is the fact that banks as well as financial institutions really know the spending routines of consumers as well as understand that many people max away their own credit cards around the vacations. They sensibly take advantage of this particular fact and begin flooding your own inbox as well as snail-mail box along with hundreds of Zero APR credit card offers right after the holiday season finishes. Knowing that if you’re like 98% of all American open public, you’ll leap at the opportunity to consolidate credit debt and move balances to 0 annual percentage rates credit cards. eeeddfj https://headachemedi.com – best Headache drugs

  11. Thanks for your suggestions. One thing I’ve noticed is the fact that banks as well as financial institutions really know the spending routines of consumers as well as understand that many people max away their own credit cards around the vacations. They sensibly take advantage of this particular fact and begin flooding your own inbox as well as snail-mail box along with hundreds of Zero APR credit card offers right after the holiday season finishes. Knowing that if you’re like 98% of all American open public, you’ll leap at the opportunity to consolidate credit debt and move balances to 0 annual percentage rates credit cards. eeeedgj https://thyroidmedi.com – best thyroid meds

  12. Thanks for your thoughts. One thing I’ve got noticed is the fact banks in addition to financial institutions understand the spending behaviors of consumers and as well understand that the majority of people max outside their cards around the breaks. They smartly take advantage of that fact and then start flooding ones inbox in addition to snail-mail box having hundreds of no interest APR credit cards offers shortly after the holiday season closes. Knowing that for anyone who is like 98% in the American general public, you’ll soar at the one opportunity to consolidate consumer credit card debt and switch balances towards 0 interest rate credit cards. nmmlkno https://stomachmedi.com – stomach meds for acid reflux

  13. Thanks for your suggestions. One thing I’ve noticed is the fact that banks as well as financial institutions really know the spending routines of consumers as well as understand that many people max away their own credit cards around the vacations. They sensibly take advantage of this particular fact and begin flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season concludes. Knowing that should you be like 98% of American community, you’ll rush at the possible opportunity to consolidate card debt and shift balances for 0 apr interest rates credit cards. kjjjilm https://pancreasmedi.com – generic stomach medicine

  14. Hello just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the problem fixed soon. Many thanks

  15. Hey There. I found your blog using msn. This is a really well written article. I will be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will certainly return.

  16. I have been absent for some time, but now I remember why I used to love this web site. Thank you, I will try and check back more often. How frequently you update your site?

  17. Excellent blog! Do you have any suggestions for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused .. Any ideas? Appreciate it!

  18. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too excellent. I actually like what you have acquired here, really like what you are stating and the way in which you say it. You make it enjoyable and you still care for to keep it smart. I cant wait to read much more from you. This is really a great web site.

  19. What i don’t understood is in truth how you’re no longer actually a lot more smartly-favored than you might be now. You’re very intelligent. You understand thus considerably in terms of this topic, made me in my view believe it from a lot of various angles. Its like women and men are not involved except it is one thing to do with Woman gaga! Your personal stuffs outstanding. Always take care of it up!

  20. Hiya, I’m really glad I’ve found this information. Today bloggers publish only about gossips and internet and this is really irritating. A good web site with interesting content, this is what I need. Thanks for keeping this web-site, I’ll be visiting it. Do you do newsletters? Can’t find it.

  21. hi!,I really like your writing very so much! percentage we be in contact extra approximately your post on AOL? I need an expert in this area to solve my problem. May be that is you! Taking a look ahead to look you.

  22. I was just searching for this information for some time. After six hours of continuous Googleing, finally I got it in your website. I wonder what’s the lack of Google strategy that don’t rank this kind of informative websites in top of the list. Normally the top sites are full of garbage.

  23. Thanks , I’ve recently been looking for information approximately this subject for ages and yours is the best I’ve found out so far. However, what in regards to the conclusion? Are you sure in regards to the source?

LEAVE A REPLY

Please enter your comment!
Please enter your name here