The global pandemic has shaken the world in many ways. The impacts of crises are never gender-neutral, and COVID-19 is no exception.
From an economic point of view, it is frequently reported that women are more likely to be impacted financially by the pandemic, and more likely to work in sectors impacted by job losses, such as retail and hospitality.
The rapid migration to digital has been powerful: Mastercard recently announced they saw more customers move to online services during the first 10 weeks of lockdown than it had seen during the previous five years. But women are more likely to be digitally excluded. And, as business owners, women often rely on in-person sales that are hard to move online and they feel less adept at managing additional transaction requirements such as cyber security.
The fact is, financial services in its current state does not work for most women.
Join our latest webinar where RegTech Women Co-founder Lucy Heavens talks to Francesca Hopwood-Road, Head of RegTech and Advanced Analytics at the Financial Conduct Authority (FCA) about their latest Women’s Economic Empowerment TechSprint and how technology plays an important role in mitigating the negative economic impacts of COVID-19 on women.
What will be discussed?
- How the pandemic changed the way women; access financial services? view their finances? are able to cope with changes to their financial situation?
- What technology can do to improve these situations
- Why the FCA decided to run a Women’s Economic Empowerment TechSprint
- How we can make these technologies more readily available and more widely known to women
- When women find themselves in difficult financial situations, where is the best place to go for advice