Gender inequality remains undeniable across much of the business world, and is particularly visible at leadership level. Having worked in the banking and finance sector for over two decades, I have seen and been part of attempts to address this issue. It's clear there is growing commitment to programmes and investments that develop more women into industry leaders.
Few CEOs and senior executives will be unaware of the various initiatives and targets to increase diversity at board level and senior management. Early this year the Department for Business, Innovation and Skills1 announced a new independent review on increasing the representation of women in corporate leadership positions. Similarly, there is an increased awareness of the need to address ethnicity in leadership roles. Whilst ethnic minority board members lag behind their female counterparts, efforts are being made by many companies to redress the white, male bias.
Earlier this month saw the launch of Innovate Finance which has been created to "accelerate the UK's leading position in the global financial services sector, by directly supporting the next era of technology-led financial services innovators." ... The government has shifted focus and has its sights firmly set on FinTech.
Starting with our own experience, we have taken meaningful steps at InterQuest, appointing three female directors to our operational management team in the last 2-years. Gender equality is at the forefront of what we do, and though we have yet to appoint a woman to our public company board of directors, the task of representation is certainly a challenge we are consciously addressing.
It's important to build time for creative thinking into communications rather than getting bogged down in bureaucracy. While creativity for creativity's sake can backfire, firms that fail to bring new ideas to the table will become less relevant. The key is devising a strategy that allows room for creative thinking, while ensuring that any ideas are clearly aligned with business goals.
Although I agree that Banks and Financial technology firms should be looking to partner and work together where possible to improve the proposition for customers, I don't necessarily believe that this strategy will make banks more innovative and provide better services for you, I and our businesses...
For many in the technology sector, one of the most discussed topics in recent months has been digital fraud and online security. This is an area in which I have a great deal of interest, as it continues to play a significant role in the demand for specialist skills in the Financial Services & Banking Sectors.
Executives must realize that the previous era of financial capitalism ended with the global crisis in 2008. Clients, asset owners, and the general public are looking for the industry to return to its core purpose of serving the greater good, providing value to society so that economies and communities' thrive.