The FinTech Impact Report: Working through the world’s to-do list #FinTechforPeople FinTechs reduce inequality by broadening financial access and improving resilience. 21 Access to financial services is a vital factor for coping with and escaping poverty . It is why the United Nations includes it in 7 out of 17 of its Sustainable Development Goals, as an essential factor for improving the condition of the most marginalised citizens. FinTechs are helping to reduce this inequality through their services to extend credit lines and open-up access to financial services. However, with underrepresentation of females in FinTech executive roles (20%) and the broader workforce (28% vs. 44% in Financial Services) as well as a persistent gender pay gap, more needs to be done for equality within FinTech – a point that Innovate Finance’s recent Women in FinTech and Annual FinTech Investment Reports draw out clearly. 22
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