Despite strides in gender equality, these challenges persist, highlighting the crucial need for change within financial institutions.

Let me share a personal experience that illustrates the pervasive nature of these obstacles. At the age of 29, I found myself in a position where I had the opportunity to acquire a mortgage—a milestone that promised financial stability and independence. However, despite fulfilling all the necessary requirements and having the support of influential individuals, my application was inexplicably rejected not once, but twice. This experience shed light on the systemic biases that women face in the financial sector, where even with backing and influence, securing financial opportunities can be an uphill battle.

The incident prompted introspection and led me to question the broader landscape of financial inclusivity for women. It became evident that the key to empowering women lies in intentionally creating financial programs and activities designed to equip them with the knowledge and resources needed to navigate the system effectively.

It is not enough for financial institutions to merely pay lip service to gender diversity; concrete measures must be taken to ensure equitable access to financial opportunities.

Here are five actionable tips for financial and investment institutions to level the playing field and harness the untapped potential of women for a competitive advantage:

1. Financial Education Initiatives: Develop comprehensive financial education programs tailored specifically to women, covering topics such as budgeting, saving, investing, and understanding financial products. By equipping women with the necessary knowledge and skills, institutions can empower them to make informed financial decisions.
2. Accessible Financial Products: Design financial products and services that cater to the unique needs and preferences of women. This includes flexible loan options, tailored investment portfolios, and accessible banking solutions that prioritize inclusivity and affordability.
3. Diverse Outreach Strategies: Expand outreach efforts to reach women from diverse backgrounds and communities. This may involve partnering with women-focused organizations, hosting outreach events, and leveraging digital platforms to ensure broad accessibility.
4. Transparent and Fair Practices: Uphold transparency and fairness in all financial transactions and interactions. This includes clear communication of terms and conditions, fair assessment of creditworthiness, and zero tolerance for discriminatory practices.
5. Promotion of Female Leadership: Foster a culture of gender diversity within financial institutions by promoting female leadership and representation at all levels. By providing women with opportunities for advancement and leadership roles, institutions can create a more inclusive and supportive environment.

Therefore, achieving gender equality in finance and investments requires a concerted effort to dismantle existing barriers and create a more inclusive ecosystem.

By prioritising financial education, expanding access to opportunities, and promoting fair practices, institutions can empower women to realise their full potential and drive sustainable economic growth.