Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Fintech chiefs debate diversity crisis in Parliament

by June 20, 2023
June 20, 2023
Fintech chiefs debate diversity crisis in Parliament

Fintech leaders gathered in Parliament last night to discuss the impact a lack of diversity, increased regulation, and limited access to funding will have on the future of the industry.

Speaking at the Parliament Street think tank’s fintech summit on Monday night, which was hosted by Dean Russell MP for Watford and chaired by Steven George-Hilley of Centropy PR, a panel of fintech experts debated the role businesses should play in recruiting and building a more diverse fintech workforce along with the threat posed by AI to job creation.

“Educating young people on fintech and financial literacy is key. As the compliance space grows, not only the business but individuals themselves should be mindful of actions,” said Caroline Ruto, Head of Compliance at DKK Partners.

Fintech entrepreneur Aaron Carter, Managing Director, Showpiece added, “Education is paramount in the financial sector. For example, developing an understanding of what sits behind an asset and knowing who the true owner is can be incredibly valuable.”

“Diversity is challenging in finance and technology. We all know that diverse organisations perform better but it’s about taking action to solve it,” added Steve Hadaway, CRO, Encompass Corporation.

Leading academic Dr Iwa Salami, Director, Centre of Fintech, of the University of East London said, “Giving students the opportunities to learn about financial technology is becoming more important and can help drive diversity inclusion.”

Attendees also discussed the future of the fintech industry in the face of funding shortfalls.

“Fintechs across the globe are experiencing turbulence within the regulatory landscape. The funding environment can also be difficult to achieve growth where some areas are oversaturated, but fintech is not dead,” added Jim McCarthy, EVP, Thredd.

“We tend to judge things in tech and innovation as they are now. If we look at the change of the past 10 years, we can expect to see that in the next 10 to help put developments in perspective”, said Laimonas Noreika, co-founder and CEO, HeavyFinance.

Read more:
Fintech chiefs debate diversity crisis in Parliament

0
FacebookTwitterGoogle +Pinterest
previous post
FundMyPitch raises £5.7m to fuel SME growth
next post
Banks prejudiced against SMEs new research finds

You may also like

Revolut’s attempts to secure banking licence thrown into...

May 19, 2023

Fuel Ventures backs PlanningHub’s AI-powered solution to modernise...

February 17, 2025

Carpetright’s collapse leaves creditors facing £213m loss

July 31, 2024

Could Your Office Be Wasting Thousands Due to...

April 28, 2025

You’re not ‘working people’, Keir Starmer tells landlords...

October 25, 2024

Warm weather boosts UK retail sales in July,...

August 6, 2024

Nostalgia Marketing: How to Implement Emotion into Your...

August 3, 2023

Tories Explore Abolishing Non-Dom Tax Status

February 29, 2024

UK government pledges up to £4.5bn to fund...

December 22, 2022

Impact of Increasing Interest Rates on the Rental...

August 15, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Disabling Trump’s “Tariff Button”

      June 5, 2025
    • ‘Sick puppy’ Tim Walz should never have been on Dems’ 2024 ticket, Trump says

      June 5, 2025
    • Federal judge orders Trump to restore funding to Clinton-era agency gutted by DOGE

      June 5, 2025
    • Musk says Trump would have lost 2024 election without him as ‘Big Beautiful Bill’ feud continues

      June 5, 2025
    • Ex-Biden adviser calls Jean-Pierre ‘kinda dumb,’ deletes tweet, says she’s not a ‘genius-level Black woman’

      June 5, 2025
    • ‘Coming for us’: Expert sounds alarm on CCP’s mission to ‘kill Americans’ after FBI makes shocking arrests

      June 5, 2025

    Categories

    • Business (8,148)
    • Investing (2,010)
    • Politics (15,535)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved