Tampa, FL. March 8, 2021: Leading chargeback mitigation specialists Chargebacks911 and Fi911, along with real-time data company, findexable, announced today the launch of the world’s first global platform that measures the role women play in the fintech industry.
The Fintech Diversity Radar will enable progress and identify measurable steps to improve diversity in the sector and support the growth of the digital economy. Starting with a real-time global market map and report, and culminating in the launch of a digital scorecard, the radar aims to reduce exclusion among women team members, women entrepreneurs and women customers, raising the bar when setting best practices for bolstering gender equality.
Among those joining the board for the radar is Chargebacks911 Co-Founder and Chief Operating Officer, Monica Eaton-Cardone, a long-time advocate for women in technology and leadership roles having authored articles on the problem of gender divides in the technology industry.
The radar has been created at a time when the fintech industry will play an important role in the US’s economic recovery as it emerges from the COVID-19 pandemic. Fintech and its power to remove barriers between previously disparate industries, increase access to financial services among poor and marginal communities, and knit the digital economy together, will be essential moving forward.
Denise Gee, Founder and Managing Director of findexable, said: “It is in fintech where we can finally make a difference – born from a desire to level the playing field by using digital innovation to create cheaper, more transparent and accessible financial services for all.”
Meaningful change takes commitment and partnership across an entire ecosystem. That is why Chargebacks911 and Fi911 joined findexable in powering the diversity radar. Chargebacks911 and Fi911 have a track record of ensuring women are promoted to senior level roles, with 45% of leadership roles being filled by women across the two companies.
The importance of gender equality among the businesses that will help rebuild the economy should not be downplayed. Companies in the top quartile for gender diversity are 25% more likely to have financial returns above their respective national industry medians.
While evidence suggests fintech firms return more value to investors than fast-growing businesses in other technology sectors, there are also fears that companies in the industry underperform compared to their larger rivals in incumbent finance and technology in their employment of women in general – and in particular, by the proportion of women in positions of leadership. The diversity radar will act to assess this and aims to be a catalyst for change in the industry.
Monica Eaton-Cardone addresses issues she has witnessed first-hand such as the uptake of STEM subjects by young women during their education due to outdated notions that they are male-oriented subjects.
Commenting on the partnership and initiative Eaton-Cardone explained: “It is with great pride that I join such strong and trailblazing women sitting on the Fintech Diversity Radar. For too long women have been unrepresented in the progressive and disruptive sector that is fintech and it is the work of platforms like this that will pave the way for the future generations of talented and empowered women to take their rightful seats at top tables at businesses all over the world.
“Diversity has long since been a passion of mine and it’s an honor to share my experience and expertise while forever learning from those around me – there has never been a better time to support such a fundamental movement.”
Gee continued: “We could not build the Fintech Diversity Radar on our own. We have gathered a powerful group of fintech and diversity experts, including Chargebacks911 and Fi911, to support us and lend their voice to our call for diversity and inclusion in the industry.”
To find out more about findexable’s Fintech Diversity Radar, visit: https://findexable.com/diversity-radar/
To find out more about Chargeback911 and Fi911, visit: https://chargebacks911.com/ and https://fi911.com/
About Chargebacks911 and Fi911
Chargebacks911 is a leader in payments industry innovation, pushing the envelope in chargeback mitigation to help merchants recover more revenue than ever-before possible.
It provides innovative new solutions, patented technologies, and tactical dispute strategies to manage chargebacks – all of which are customized for more than 25 different industries, with flexibility to accommodate any payment method or sales tactic.
Recently, the dispute experts at Chargebacks911 launched a new brand, Fi911, to support financial institutions with innovative back-office management technologies, created specifically for the banking and payments industries. By offering direct communications between FIs and their ecosystems, the company’s scalable payment product suite offers features that range from fast, flexible merchant onboarding to highly transparent and feature rich client portals.
Founded in Tampa Bay, both Chargebacks911 and Fi911 are based out of locations in North America and Europe to support global merchants and financial institutions with on-demand, region-specific expertise.
findexable is a real-time data company established to reinvent fintech research by tracking fintech activity globally – by using real time, automated data-gathering techniques and a proprietary algorithm to track, rank and benchmark the fintech ecosystem worldwide.
The Global Fintech Index by findexable is the first real-time ranking of all cities worldwide where there is a cluster or communities of fintech organizations. The Index provides a dynamic comparison and benchmarking between cities, regions, countries and fintech companies. It is objective and unmoderated: the rankings are determined and updated using our proprietary algorithm. It is digital and real-time, using open data & data sharing to create a continuously updated Index.
The Global Fintech Index is designed to highlight opportunities and drive transparency across the ecosystem. By benchmarking fintech development across different regions worldwide, we are on a mission to help innovators, financial institutions, governments and investors understand how innovation is evolving, where to invest, and what it takes to build a thriving, progressive fintech ecosystem.