New professional network launched to promote the vital role women play in driving RegTech success
On 27th February, over 70 brilliant women got together at law firm Addleshaw Goddard, for the launch of a new network called RegTech Women, aimed at connecting women who work in the financial services regulatory technology industry (RegTech). Partner at Addleshaw Goddard, Mandie Hulme said “We are proud to be supporting this initiative - RegTech is a growing industry in the UK, and beyond, and is home to a wealth of female talent that should be celebrated and nurtured.”
Dr Sian Lewin, Founder of RegTech Women explained why she started the new community:
“I’ve been involved in the RegTech market for the past two years and have met so many amazing women - founders of RegTech companies, working in financial institutions to implement and monitor regulatory compliance or working for the regulators themselves. I want to bring this female talent together in one place so we can collaborate more closely, learn from each other and ultimately work towards keeping the financial system safe and sound”
RegTech Women is a not-for profit organization, which has the following goals:
- support and empower the female contribution to the RegTech industry
- provide a platform for all women in RegTech to network and collaborate
- bolster and celebrate the emerging female talent in RegTech
- improve gender diversity in the RegTech sector
“Having a network for women in RegTech allows us to show case the quality of content and leadership women can generate for the community. I am proud to be part of such a great group of inspirational people who represent the crown jewels of FinTech overall.” said Diana Paredes, CEO of Suade Labs and member of the RegTech Women Advisory Board.
Fellow Advisory Board member and CEO of Kompli-Global, Jane Jee said “As a female founder, having a community such as RegTech Women will help founders gain visibility and drive collaboration which is vital to our success - both personally and professionally.”
RegTech Women is not just a network for women working in RegTech firms. The aim is to bring together women working in financial institutions, regulators and other professional services firms that have an interest in regulation and technology. The RegTech Women Advisory Board also includes women working in financial institutions, such as Michelle Curtin, Head of UK and Corporate Compliance at CLS Global who commented
“I am delighted to represent CLS as an Advisory Board member of RegTech Women. RegTech has a crucial role in today’s technology-driven era. Regulators and policy makers have referred to CLS as one of the original RegTech companies, having effectively mitigated FX settlement risk for the FX market for over 15 years. We are always looking at ways to develop innovative solutions and products to meet the needs of our clients and we do so through a collaborative, inspiring and innovative culture that champions diversity in the industry.”
Explaining why Barclays is supporting her role on the Advisory Board, Nicole Sandler said
“Diversity and inclusion matters not just within an organisation but also externally. Whilst diversity is more than gender it is an important area of focus. About half the workforce are female however some studies show that only 25% of STEM jobs are held by females. RegTech women aims to bring together women in this space to foster collaboration, educate and gain visibility. I believe that if you have an opportunity to use your voice you should use it.”
RegTech Women will be launching a number of initiatives in second quarter of this year. "We want to run projects and activities that serve the needs of the RegTech Women community and align with our goals. We will be running a survey to crowdsource suggestions and find out what RegTech Women really want” says Lucy Heavens, VP of Marketing Operations at CUBE and the Advisory Board member responsible for marketing.