The Future of Women in RegTech
The number of women working in RegTech account for up to 35% of the industry’s workforce, which compares favorably to the FinTech industry, where 29% of roles are held by women. However, more can and should be done - as mentioned by Lucy Heavens, Co-founder of RegTech Women – from encouraging more young women into the RegTech industry, through to supporting women to move up the career ladder.
The rise of women in RegTech
While women seek employment in better-paid industries, their interest in technology has also increased. Additionally, the personal traits of females make them equally well or even better equipped at handling compliance-related issues than men.
Victoria Martin, the Head of Risk of 11:FS, recognizes women’s great advocacy skills, their holistic approach to regulatory issues and being more risk-averse compared to males. However, I personally believe they are better at risk assessment which is such a crucial compliance skill. Furthermore, as highlighted by the US labor department the field of compliance has been one of the fastest-growing branches for women in the last two decades.