Although Women form the integral part of the global finance arena, Women are often at present, been underrepresented for the most senior roles. Powered by the Dubai International Financial Centre’s FinTech Hive, which is also the nation’s initial as well as the largest Financial Technology Accelerator, has already begun it’s second edition of the career mentorship module primarily designed for the empowerment of the women across the Financial Service Arena.
The DIFC stated this in a statement on Saturday that “Dubbed as AccelerateHer Programme, this all female-centred accelerator module, will all train young female entrepreneurs with necessary tools as well as provide lifetime experience that will support them in enhancement of their overall knowledge as well as play the supportive responsibility for shaping Finance sector.”
As per the report by the consultancy Oliver Wyman, “Across the Financial arena, the Women are at present under-represented across most senior official roles as they form just part of 20 percent of the executive committees as well as just 23 percent amongst the board members in pioneered financial firms during 2019. Investors are thronging and have a watchful eye over Gender diversity metrics that have at present become progressively vital for governing the establishments’ environmental, social and governance (ESG) impact.”
The DIFC FinTech Hive has collaborated with the support of Standard Chartered Bank on AccelerateHer module.
Raja Al Mazrouei, executive vice president of DIFC FinTech Hive stated further that “this collaborated module AccelerateHer would support the young as well as the ambitious women for establishing up of an illustrious career in financial services as well as for setting up perfect platform to play a persuasive part for powering the financial arena future.”
As according to the statement “the DIFC authority stated that they have powerful representation of the Women on their Management team. It boasts of in excess of 60 percent of the DIFC Expert workforce as well as 33 percent of the workforce that operates across financial free zones are female.”
The accelerator programme presents 14 participants one-on-one mentorship beyond executives, whilst associates desiring to participate into workshops as well as other such activities in imitation of constructing their network, skills as well as knowledge.
Rola Abu Manneh, Chief executive regarding Standard Chartered Bank UAE, stated that “This programme acts as an excellent platform for the distinct women into the UAE’s economic functions to gain an appearance of insights on the working world and, more vitally, construct their networks, skills as well as the knowledge.”
Earlier it month, Dubai rolled outdoors the “She Leads” programme, an incubator as well as accelerator meant in accordance with assist improve UAE start-ups so that are all led by women.
Gender diversity as well as its inclusion is even more critical in the course of the Covid-19 pandemic. Participants within the programme will shadow components concerning the DIFC FinTech Accelerator Programme as well as attend 20 workshops furnished by means of partners among areas such namely legal, tech, HR, agreement and marketing, among others.
The second version on AccelerateHer started out on August 24 and ends over November 30.
The crisis has had a “disproportionate” impact about ladies then threatens in conformity with embark back their economic empowerment and widen the effect gaps so persist, the International Monetary Fund acknowledged within July. The Washington lender advised policymakers after undertake measures as would government the pandemic’s “scarring effects” regarding women as well as lift criminal obstacles in conformity with their empowerment.