The FinTech sector stands out as a hotbed of innovation and progress. With women from all occupations breaking barriers to have an increasing impact on the industry, their impact has never been more evident than in the celebration of achievement that is the Women in Tech Excellence Awards.

These awards are important as they recognize dedicated women from across the technology space who consistently make their mark with exceptional achievements, such as Joanna Kori and Sai Leela Bendi from regulatory technology provider Encompass Corporation.

Furthermore, they provide inspiration for younger women looking to build a career in the industry and become the leaders of tomorrow.

Not one but two finalists

Having two finalists in the Team Leader of the Year category is testament to Encompass’ commitment to fostering a diverse and inclusive environment. It is not just a celebration of individual accomplishments but a recognition of the pivotal role women play in driving the tech revolution.

In this blog, we look at the significance of women in tech, and specifically FinTech and RegTech, emphasizing the importance of diversity, equality, and inclusion (EDI) as key pillars for sustained success.

Ahead of the game

FinTech is transforming the financial industry, disrupting traditional models, and ushering in a new era of digital transformation. As we navigate this dynamic landscape, the contributions of women are increasingly vital. From pioneering cloud solutions to leading the charge of new technologies such as artificial intelligence (AI), women are breaking barriers and reshaping the future of the industry itself.

The power of diversity

Diversity is not just a buzzword; it is a catalyst for innovation. Across tech, specifically, where creativity and adaptability are paramount, a diverse workforce brings a spectrum of perspectives. Research consistently shows that diverse teams outperform their more uniform counterparts, bringing a richness of ideas and a broader understanding of the diverse needs of companies.

Breaking down the barriers and closing the gap
While Encompass has a diverse workforce to be proud of, and progress has been made throughout the industry, there is still a long way to go in the wider world of tech to close the gender gap. Initiatives that promote mentorship, sponsorship, and education are essential for cultivating the next generation of women leaders in this area. Recognizing and celebrating the achievements of women in tech, are exemplified by the Women in Tech Excellence Awards, sending a powerful message that talent knows no gender.

EDI as a strategic imperative

Equality, diversity, and inclusion (EDI) are not just ethical imperatives; they are strategic advantages. Companies that prioritize EDI are better positioned to attract and retain top talent, foster innovation, and build stronger connections with wider stakeholders. As finalists in these awards, Encompass understands the importance of prioritizing EDI focus – something many employees of today are vocal in their support of - not only for the advancement of women in their chosen fields, but also for the continued success of the industry within which it operates.

The passionate support behind the Women in Tech Excellence Awards is a testament to the fact that our industry is at its best when it embraces EDI. By championing these principles, we not only empower women across tech, but ensure that our innovations are truly transformative and reflective of the world we live in.