Experts have called for increased involvement of women in the conceptualisation, design, development and marketing of financial technology solutions for increased profitability.

Damali Ssali, a trade development expert, said increasing the number of women in financial technology companies (fintechs) space, especially in management, is not only right but also profitable.

“A 2015 McKinsey study indicated that companies that had a balanced and inclusive workforce were 33% more likely to have better than average profits. A Boston Consulting Group study also indicated that companies with a balanced and inclusive senior management leadership were more innovative and had 19% higher revenues than their competitors,” Ssali said.