European Women Payments Network (EWPN)’s Post

"Our theme is 'Make It Last,' and that's exactly what we're doing—creating lasting change by breaking down barriers to participation." In the latest edition of The Financial Technologist, Helen Owen, UK Country Ambassador of European Women Payments Network (EWPN), highlights the EWPN innovative multi-city event, "Make It Last," which reimagined traditional conferences to drive sustainable DE&I in fintech. Through a focus on accessibility, neuroinclusion, and fostering resilience with practical insights and recorded sessions, EWPN demonstrates how to inspire action and ensure lasting change across the financial services industry. Download your free copy of The Financial Technologist to read the full article 👇 https://lnkd.in/ecSRfu46 #TheFinancialTechnologist #T1WAwards #FinTechMagazine

One week to go until Intersekt 2024! 🚀 As sponsors of this year’s event, we're excited to have five AP+ experts leading the charge in key discussions shaping the future of payments and identity in Australia. Here's a taste of what to expect: ➡️ PayTo: Delivering on the Promise: Timothy Fagan will explore the transformative power of PayTo, highlighting the opportunities and challenges that lie ahead as this game-changing payment method continues to gain traction. 🔮 Navigating the Future of Identity: Andrew Black will examine the implications of Australia’s new Digital ID law, offering insights into how digital identity will evolve and what it means for businesses and consumers alike. ⚡ NPP Roundtable: Tim Fagan, Marnie Ryan, and Katrina Stuart will provide an in-depth progress update on the NPP, discussing how its services are aligning with the future of payments as we move towards the decommissioning of BECS. 📈 Women in Fintech: May Lam 林希文 will dive into how inclusion in the workplace creates better business results. Come say hello in Melbourne and let’s talk about driving innovation in Australia’s fintech landscape. We’ll see you there! #Intersekt2024 #Fintech #Innovation #Payments #DigitalIdentity #NPP

Counting down to #Intersekt2024! Looking forward to catching up with all the #fintechs enthusiasts and getting ready to be inspired by all the thought provoking discussions, especially on how the sustainability of #payments systems and #digitialidentity can help to build #trust and enable #innovation in the fintech ecosystem and the #digitaleconomy in Australia. Australian Payments Plus FinTech Australia Andrew Black Timothy Fagan Katrina Stuart Marnie Ryan Rehan Mark D'Almeida

In a world defined by fragmentation and uncertainty, financial inclusion has become more than just an economic priority—it’s a social imperative. Case studies from China, India, and the USA provide compelling evidence of how collaborative efforts between governments, private sectors, and technology are transforming access to financial services. 1️⃣ 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐏𝐌𝐉𝐃𝐘 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞: A Model for Inclusive Growth •Opened 500 million bank accounts since 2014, with 42 million new accounts during COVID-19—25 million for women. •Leveraged biometric identity and mobile tech to enable swift relief distribution and long-term financial engagement. Beyond immediate relief, PMJDY is driving long-term engagement with the financial system, especially among women, creating new pathways for empowerment and economic participation. 2️⃣ 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐘𝐮𝐚𝐧: •Created 29M+ digital wallets, enabling ¥2T+ transactions across 24 industries by 2023. •Features like offline functionality and incentives like “red packets” have enhanced adoption among underserved populations. 3️⃣ 𝐏𝐫𝐢𝐯𝐚𝐭𝐞-𝐒𝐞𝐜𝐭𝐨𝐫 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧: Empowering SMEs and Individual Investors •China’s digital banking delivered ¥29T in SME loans in 2023, using AI and big data for tailored solutions. •Robo-advisors like Ant Fund democratized investments, improving access and financial literacy for low-income individuals. •In the USA, addressing racial disparities in mortgage costs is crucial for equitable financial inclusion. Barriers like the digital divide, privacy concerns, and complex financial tools persist. Solutions include: •Investing in digital infrastructure and education. •Developing simplified, secure financial tools. •Strengthening public-private collaboration for inclusive growth. 𝐓𝐡𝐞 𝐖𝐚𝐲 𝐅𝐨𝐫𝐰𝐚𝐫𝐝 To unlock the full potential of financial inclusion, a holistic approach is needed: •Governments must invest in digital infrastructure and create inclusive regulatory frameworks. •The private sector should develop simplified financial tools tailored to underserved demographics while ensuring data protection. •Educational initiatives are critical to empowering individuals with the skills to navigate digital finance confidently. Financial inclusion is more than an economic tool—it’s a gateway to resilience, equity, and opportunity. By bringing everyone into the financial fold, we can build a world where economic stability and social equity go hand in hand. How can technology and collaboration accelerate financial inclusion? Share your thoughts below! World Economic Forum #FinancialInclusion #DigitalTransformation #InclusiveFinance #SMEs #DigitalEconomy #CBDC

Day 2 ✔️ What an amazing conference led by PayTech Women, formerly Wnet , in my fintech era. Until next time! 🟧 #womeninleadership #fintech #Atlanta #payments #leadershipsummit #media #marketer #fisvproud #PayTechwomen

💭 "Women are more loyal, less risky, and more valuable customers than men" Okay... it's 'more or equally valuable' customers than men. But I like to think of myself as the MVP in every market. 💃💃 IFC - International Finance Corporation and Dalberg collaborated on a report for Inclusive Growth, and it suggests that traditional financial services often overlook women customers in emerging markets, leaving a massive opportunity for FinTech firms to step in and make a difference. 🌟 "59% of FinTech firms collect sex disaggregated data, but few use it; less than a third tailor their products and services toward women." By offering tailored solutions like flexible payment options and financial education, fintech companies can not only tap into an underserved market but also contribute to women's empowerment and financial inclusion. I've included the link to the article and report in the comments below because it's definitely worth a read! Do you have any insights or experiences with FinTech solutions targeting women in emerging markets? Share them below 👇 #EmergingMarkets #FinancialInclusion #FinTech

Amazing to see Wendy Stewart from Bank of America top the chart at No.1 in the Top 100 Women in FinTech. Amazing report from our Editor-in-Chief Louis Thompsett and FinTech Magazine ⭐️🎉 #fintech #banking #womeninfintech #iwd24

📊 NEW DATA: IFC and Dalberg conducted a survey of 114 fintech firms across 17 countries, looking at how they reach women customers in emerging markets. Our new report “Her Fintech Edge” sheds light on the challenges and opportunities faced by fintech firms and reveals that firms that intentionally target women customers can boost financial inclusion while benefitting their bottom line.   Swipe to learn four key findings and download the report for more: http://wrld.bg/Oayj50QSOW6 #BankingOnWomen #WomensDay

#Storm7Consulting #IFC #fintech #women #emergingmarkets #financialinclusion It has been recognised that although technology can advance women's financial inclusion, women around the world still face barriers to accessing and using digital financial services (DFS). The International Finance Corporation (IFC) carried out a study to provide deeper insights into financial technology (FinTech) firms driving financial inclusion for women in emerging markets (EMs). The study was based on quantitative and qualitative survey data obtained from 114 FinTech firms from 17 countries serving banking, insurance, lending, and payment sectors, and interviews with leaders from 25 FinTech firms. KEY POINTS • The IFC observed that DFS "have been considered a game changer for women's financial inclusion and economic empowerment" (p.6). • Women from EMs face unique and intertwined barriers, such as low access to DFS, low digital literacy, and prevailing sociocultural norms (e.g., gender gaps in education, role of women in households). • Many FinTech firms reported that women constituted less than 25% of their customers. • 59% of FinTech firms reported collecting 'sex-disaggregated data' (SDD) (data collected and tabulated separately for women and men), but few firms actually used it. • FinTech firms who tailored products/services towards women reported higher lifetime value. • The study provided evidence that favoured FinTech firms adopting strategies to intentionally serve women via business strategies informed by analysis of SDD. FinTech firms could circumvent challenges faced by traditional financial institutions. • This meant there was significant potential for FinTech firms to contribute to women's financial inclusion in EMs, as well as being able to capture a vast, as yet under-tapped, women's market (p.45). The women's market was characterised by greater loyalty, lower default rates, and higher lifetime value (p.45). • In order to do this, FinTech firms would have to offer differentiated solutions uniquely tailored to women (because of distinct gendered behavioural differences of women, and their unique needs and barriers) (p.45). • The IFC stated "Fintech firms must deepen their understanding of women's needs, cultivate market-specific knowledge and leverage best practices to create value propositions that resonate with women." (p.45). REPORT IFC (2024). 'Her Fintech Edge, Market Insights for Inclusive Growth' (International Finance Corporation). ARTICLES Finextra: https://lnkd.in/eKdHCNsP TNGlobal: https://lnkd.in/gStM3vP7 IFC: https://lnkd.in/ezj6gJPR If you find our posts interesting please feel free to follow Storm-7 Consulting on LinkedIn: https://lnkd.in/e7wEZwBn. Thanks.

New Report Urges Fintech Firms to Target Women Customers in Emerging Markets for ...: Fintech and digital financial services have been considered a game-changer for women's financial inclusion and economic empowerment. Until now, there ...