Fintech Diversity Scorecard launched to encourage progress

Each organisation’s results are anonymous, but the scorecard’s creators believe that the data should provide an overview of diversity in the fintech sector, as soon as later this year

A new scorecard has been launched to enable fintechs and financial services firms to track diversity in their organisations and benchmark themselves against their peers.  

The Fintech Diversity Scorecard requires the completion of an anonymised six-minute online survey that measures an organisation’s current position on internal gender diversity and outreach to women clients. 

It then provides an overall gender diversity result and recommendations for improvements. 

Each organisation’s results are anonymous, but the scorecard’s creators believe that the data should provide an overview of diversity in the fintech sector, as soon as later this year. 

The Fintech Diversity Scorecard is a collaboration between Women’s World Banking, Findexable and Money20/20. 

Their aim is “to achieve true diversity in financial services and fintech”, according to Denise Gee, founder and managing director of Findexable. 

“This is why we are building a global consortium to accelerate diversity in fintech and highlight the missed value creating opportunities of building products for women and customers from diverse backgrounds.” 

Tracey Davies, president of Money20/20, added: “Measurement of the current position of a company’s diversity position is critical. We all know progress is being made but we need to be clear of where we are now so we can accelerate that progress. 

“If we don’t measure and understand where we are we simply will not move forward fast enough.”  

Image: Canva  

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.