One year on, this update finds that NatWest’s “Alison Rose Review of Female Entrepreneurship” has already had an impact on women entrepreneurs in the UK, with the Investing in Women Code adopted by 22 financial institutions in the country; NatWest dedicating GBP 1 billion (US$1.2 billion) in ring-fenced debt funding for women-led businesses; and Local Enterprise Partnerships established across the country.
IFC’s annual survey of its banking clients continues to provide insight into the potential size and financial performance of women-led small and medium enterprises, and why financial institutions should pay greater attention to this segment.
Sex-disaggregated financial inclusion data can help to inform better financial inclusion policies and products. This case study from the WFID partners explores the case of Mexico, where a combination of an evidence-based policy environment, robust gender equality policies, and strong statistical competence led to an increase in women’s financial inclusion data.
This report from Itaú Unibanco shares the bank’s Women’s Market journey and presents the main findings that guided the creation of their value proposition for the Itaú Women Entrepreneurs Program.
This report from RBS sets out recommendations to improve female start-up and scale-up rates and contribute £250 billion of new value to the UK economy.
La segmentación estratégica del Segmento Mujer de Access Bank ha impulsado un sólido crecimiento en el portafolio de mujeres en este banco nigeriano. Este estudio de caso explora cómo el banco desarrolló su estrategia y delinea varias de las innovaciones que el banco ha instituido para acercarse hacia las mujeres en Nigeria y en toda África. (English version)
Como único banco público en el país, BancoEstado se maneja como un banco privado, con el mandato específico de entregar productos y servicios financieros a toda la población y contribuir a un país más inclusivo y equitativo. Este estudio de caso examina cómo el banco evolucionó desde la bancarización de las mujeres en Chile a el desarrollo de soluciones integrales para mujeres empresarias del país. (English version)
In this presentation from the 2018 GBA Summit, Raya Yusuf-Sbitany shared information on Bank of Palestine’s communications and marketing strategy for its Felestiniya Women’s Market program and some of their most successful campaigns.
This report is Veris Wealth Partners’ fifth survey of GLI products that are both publicly available (stocks, bonds and certificates of deposit) and explicitly support gender balance and equity.
As women’s life expectancies increase and the rate of divorce for individuals over age 50 continues to climb, more women will find themselves solely responsible for their own finances. UBS Wealth Management US embarked on research to explore their thoughts andfeelings, the challenges they faced, lessons they learned and advice they would impart to other women.
Learn more about the GBA-Mastercard Women By Design partnership in this video.
At the 2018 Summit, Cristina Shapiro described Goldman Sachs 10,000 Women’s mini-MBA course for women entrepreneurs, currently housed on the Coursera platform. She highlighted some of the opportunities and challenges of digital non-financial services for women.
During this 2018 Summit panel, Eva-Maria Baumer from Mastercard and Annastacia Kimtai from KCB Bank presented Jaza Duka, a groundbreaking partnership to extend credit to SMEs based on inventory transaction data.
In a Case Study presentation at the 2018 GBA Summit, Nadia Al Saeed, CEO of Bank al Etihad, shared the journey that led the bank to its Shorouq proposition and how it has positioned them as the bank of choice for women in Jordan.
Access Bank’s innovative Women’s Market segmentation strategy has propelled strong growth in the women’s portfolio at the Nigerian powerhouse. This Case Study explores how they went about developing their strategy and some of the innovative ways they are reaching out to women in their home base and across Africa. (Versión en español)
As Chile’s only state-owned commercial bank, BancoEstado has a distinct mandate to deliver financial products and services to the entire population and contribute to a more inclusive and equal country. This Case Study looks at how the bank went from massifying access to financial services for women to unlocking the potential of women’s businesses. (Version en español)
El presente informe de la SBIF constituye la decimoséptima edición de un compromiso institucional que, en lo fundamental, busca satisfacer requerimientos de información asociados al diseño e implementación de políticas públicas en materia de equidad de género. Entrega información de endeudamiento de mujeres y hombres en el sistema bancario chileno.
A growing number of studies in the field of behavioural science are examining factors that influence financial decisions. This paper reports on the effectiveness of various behavioural interventions that could reasonably be applied by financial services providers to increase women’s access to and usage of financial services.
This tool helps the user develop a business case for the Women’s Market by quantifying the market opportunity and estimating an FSP’s direct financial benefits from strategically targeting the female economy – providing strong groundwork for a presentation to senior management to integrate a Women’s Market program into the FSP’s overall strategy. The Excel-based tool also comes with a PDF guide to help the user understand how to use the resource.
This report is based on information gathered in the GBA’s Women’s Market Analytics Survey — the only collection of global banking data measuring the performance of financial institutions serving the Women’s Market, with 4 years of performance data and over 400 data points per institution. This second edition of the report bears out several trends that emerged in the previous edition, highlighting the strong business opportunity the Women’s Market represents.
Update: A previous version of this report was missing labels on one graph. We have corrected the error in this edition.
Watch AXA Mansard’s winning Women’s Market pitch from the 2018 All-Stars Academy Africa business case pitch competition.
New digital technologies are revolutionizing the financial services industry around the world. Africa has been an innovation hub in this area, due to its rapid adoption of mobile communication networks. How might the explosion of fintech platforms and applications be tapped to foster greater financial inclusion, especially for women, who are underserved by traditional banking? This scoping paper from the IDRC and Mastercard explores available evidence on the uptake of fintech in Africa and how it is changing the financial landscape.
This report from Merrill Lynch explores how women’s financial needs and preferences are distinct. It examines the different life journeys women take—and the financial consequences of the circumstances and decisions they are faced with along the way. Finally, it shines a light on the importance of demonstrating respect and inclusion to facilitate a path to women’s financial freedom and wellness.
Stakeholders need a complete picture of the gap in women’s financial inclusion to be able to close it – and data is critical to this. These tenets reflect the aspirations and commitments of the WFID partnership (comprising the Alliance for Financial Inclusion, Data2X, the Global Banking Alliance for Women, the Inter-American Development Bank, IDB Invest, the International Finance Corporation, the International Monetary Fund, and the World Bank Group) to increasing women’s access to and use of financial services by promoting the collection and use of sex-disaggregated data.
Data is one of the key elements necessary to create inclusive financial systems around the world. With more and improved WFI data, policymakers can design and monitor WFI interventions, and financial service providers can build a business case for targeting women as clients. This strategy document from the Women’s Financial Inclusion Data (WFID) partnership argues that only through a unified and sector-wide approach to the collection, analysis and use of gender data will women’s full financial inclusion be realized.
This report, a companion to BNY Mellon and the UN Foundation’s Return on Equality publication, shines a spotlight on the opportunity to realize gains — in both gender equality and market returns — by increasing women’s financial inclusion around the world. The goal of the report is to inspire financial services providers to design and market products and services that fuel women’s full economic participation, and to encourage investors to steer their capital toward such companies.
Diana Robino shared how Mastercard is championing women’s economic empowerment and the strong business case and development case for payment solutions for women at the 2017 GBA Summit.
At the 2017 GBA Summit, Pura Méndez shared the various ways Banco BHD León in the Dominican Republic is addressing women’s insurance needs, from health to car and home to SME products.
María Belén Sánchez Valdivieso shared what Banco Pichincha has found about women’s risk mitigation needs and preferences and some ways the bank is addressing them at the 2017 GBA Summit.
Andrea Pinotti discussed what Itaú Unibanco is doing to reach more women clients using digital solutions at the 2017 GBA Summit.
Paul Jenkins discussed how banks can better meet women’s needs using digital solutions at the 2017 GBA Summit.
As the appetite of women worldwide for risk mitigation offerings continues to grow, a strong business case has emerged for insurance companies and banks to deliver tailored insurance solutions to the Women’s Market. Several GBA members are already integrating insurance solutions as part of their holistic value propositions for women. This InBrief explores the experiences of 12 GBA members and partners who participated in a working group to size the insurance business opportunity and share best practices.
Building on the 2016 Sustainable Stock Exchange Report on Progress from the United Nations, which highlights five specific targets of the UN Sustainable Development Goals (SDGs) that exchanges are well placed to influence, this report examines the contribution exchanges can make toward SDG target 5.5: ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision making in political, economic, and public life, as well as the gender-specific targets under the other 16 SDGs.
The IMF measured the large gap between the representation of men and women in leadership positions in banks and bank supervision agencies worldwide. Their econometric analysis suggests that, controlling for relevant bank and country-specific factors, the presence of women as well as a higher share of women on bank boards is associated with greater bank stability, as represented by higher z-scores and lower nonperforming loan ratios.
Strong supporting conditions such as access to financial services and ease of doing business pave the way for progress in businesses owned by women. The inaugural Mastercard Index of Women Entrepreneurs seeks to understand and track women’s progress and achievements in the business world, identifying which factors and conditions are most conducive to closing the gender gap among business owners in an economy.
While women and girls have made significant gains in the past decade in terms of education, health, economic participation and political leadership, gender equality has yet to be attained in many critical areas, and at the cost of substantial and unrealized social and market benefits. This report from BNY Mellon and the UN Foundation explores investment opportunities that can help close global gender gaps.
La Comisión Nacional Bancaria y de Valores (CNBV) pone a disposición del público la octava edición del Reporte Nacional de Inclusión Financiera (Reporte o RNIF), el cual brinda un panorama del estado que guarda la inclusión financiera en el país, a partir de la evolución de diversos indicadores. Este Reporte es elaborado por la CNBV en conjunto con el Grupo de Trabajo de Medición del Consejo Nacional de Inclusión Financiera (Conaif). Por primera vez, el Reporte Nacional de Inclusión Financiera incluye un capítulo con perspectiva de género, el cual tiene como objetivo presentar el panorama actual de la inclusión financiera de la mujer en México. La brecha de género en la proporción de hombres y mujeres que tienen al menos un producto financiero disminuyó dos puntos porcentuales de 2012 a 2015.
Esta es la presentación de Simla Ünal desde el 2017 GBA All-Stars Master Class.
Esta es la presentación de Soledad Ovando desde el 2017 GBA All-Stars Master Class.
Esta es la presentación de Karyl Akilian desde el 2017 GBA All-Stars Master Class.
Esta es la presentación de Daniel Gutiérrez desde el 2017 GBA All-Stars Master Class.
This is the English version of the Superintendencia de Bancos e Instituciones Financieras of Chile’s 2016 report, “Gender in the Financial System,” intended to give the international community access to the country’s gender-based data on its financial system. (Versión en español)
ILO, in collaboration with Gallup, surveyed men and women in 2016 to understand their perceptions about women and work. The results suggest that men and women are not always as far apart in their attitudes as conventional wisdom might lead them – and governments and employers’ and workers’ organizations – to assume.
This webinar explored key insights from new research on 12 GBA member banks. The findings prove a strong case for gender-intelligent strategies, and also challenge the industry’s basic assumption that gender-neutral banking works.
The Gender Intelligence training HBL implemented was intended to turn branches into a safe space for women and help bank employees serve them better. The training counterbalances stereotypes through data, statistics and best practices from other markets in order for all employees to understand and recognize the business case for targeting women, the CVP and individual and organizational gender biases.
The Missing Entrepreneurs 2015 is the third edition in a series of OECD annual reports that provide data and policy analysis on inclusive entrepreneurship. The report contains data on the scale and scope of entrepreneurship and self-employment activities across EU Member States by social target groups, as well as the barriers they face.
This video was shown in bank branches to describe Westpac’s Women’s Market Division, including its rationale, activities and results. It stresses the value-driven nature of relationship banking with women (trust, loyalty) and includes customer testimonials.
As leading supporters of Asia-Pacific’s women entrepreneurs, EY and Standard Chartered Bank have come together to explore the hurdles women entrepreneurs in the region are hitting in their growth journeys that prevent them from scaling their businesses globally, and how to help overcome them to accelerate growth.
Doing Business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. This edition introduces a gender dimension in four of the 11 topics sets.
Through the analysis of behavioral data from deep engagements with low-income, economically active women, this report from Omidyar Network includes both rich stories and detailed cash flows over time, offering a more nuanced view of surveyed women’s financial behavior, highlighting key differences from men’s, and uncovering compelling product design recommendations for financial services providers.
