Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

Empowering women to Rise Up in Financial Services across the globe
Empowering women to Rise Up in Financial Services across the globe

Published : , on

Tracey Davies, President of Money 20/20, and founder of the Rise Up initiative, outlines the five ways the program empowers women at work as the initiative comes to Singapore.

Empowering women to Rise Up in Financial Services across the globe

I have always been a hopeful optimist about the trajectory of women, but as the number of women reaching the top just hasn’t made the progress I expected, I have become much less accepting of the status quo. How can it be that we still aren’t seeing faster progress for women across the world and in every industry?

And yet, in the past 12 months it does feel like we are finally seeing an attitude shift, even if it is not yet the big change needed to truly unlock the talent the financial services industry needs. We have seen new laws on female board representation and governments and regions legislating that companies must publish detailed comparisons of gender pay data. And I am delighted to see many organizations – including PayPal and Accenture – publishing clear targets for inclusivity- not just guidelines or goals but tangible targets to be hit.

The facts are simple and clear. Report after report from esteemed and respected sources globally has confirmed that diverse businesses are happier, more profitable and more successful, yet we still see a substantial gap in all forms of diversity.

In 2018, I launched Rise Up at Money 20/20 in Las Vegas. Rise Up is a curated leadership academy for aspirant female talent in our industry. It is a4-day program in personal leadership and development. It tackles, briefs and equips women in a world where getting  seat at the table in some companies remains challenging, and it helps women who,more than ever, want to be connected to women just like them to form supportive, connected networks.

In the U.S., only 27.8 percent of senior level positions in the financial services industry are held by women, according to Mash& McLennan Companies. The figure drops to 19.8 percent when analysing board positions and plummets to 1.4 percent for female CEOs.

In Asia, there are huge disparities on gender inclusivity. The recent INSEAD study of 1557 of the largest listed companies across 20 Asian countries highlighted that women occupy just 12.8 % of board seats across Asia. There are substantial differences across the region – Australia and New Zealand lead with 24.7% and 21.7% respectively – whereas Taiwan, Japan and South Korea range between 2% to 7%.

The global financial service industry is undeniably undergoing massive change. There really is a money revolution, with many predicting that the next 5 years will unleash more seismic shifts than the previous 5. The industry’s needs are changing rapidly and it is thirstier than ever for innovation, creativity and leadership talent. This is whyit is so vital that we unlock all available talent to support the incredible growth opportunities in the sector.

It’s for these reasons that I am extending our highly successful programme Rise Up to Money20/20 Asia. Rise Up is not simply facilitating another conversation on gender imbalance, but rather providing a solution and steps to real-world action. We do this in five ways:

  1. We empower future female leaders by providing hands on advice from experienced leaders, of all descriptions.
  2. We outline the obstacles that women face and provide practical solutions for over-coming them.
  3. We help women to build and leverage strong personal networks that help open opportunities and provide support and resilience.
  4. We connect up-and-coming talent with experienced leaders in powerful combinations that are highly valued by both partners.
  5. And we deliver cutting edge thought leadership on where the industry is headed through Money20/20’s privileged position at the heart of fintech.

I am excited and eagerly looking forward to welcoming our first 2019 Asia Rise Up cohort to Singapore.

May they go far.

The article is written by Tracey Davies, Managing Director at Money20/20. Money20/20 is where the world’s decision-makers from across the Financial Services, Payments and Commerce community unite to grow their business, learn about the latest commercial models disrupting their value chains, create new partnerships and discover the future of money.

On 19-21 March 2019, Money 20/20 Asia will take place at Marina Bay Sands in Singapore. You’ll get access to real-life case studies, insights, stories of successes and failures, workshops and more that will enable you to understand the ways in which you can evolve your business to grow across Asia and beyond.

Find out more on https://asia.money2020.com/

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post