DIFC FinTech Hive’s Accelerator programme to advance the role of women in Financial Services
- A female-focused career mentorship accelerator programme to empower women in financial services
- 14 young women starting their careers within financial services selected for the programme
- Mentees are given access to over 20 workshops provided by DIFC FinTech Hive’s network of partners
Dubai, UAE, 26 September 2020: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, revealed the 2020 launch of AccelerateHer, a female-focused career mentorship accelerator programme to empower women in financial services.
The programme equips young, aspiring female executives with tools and experience to broaden their knowledge and reach in the industry. It allows them to play a more active role in shaping the future of the financial landscape. AccelerateHer also offers the 14 selected participants one-on-one mentorship from executives, where the cohort will be exposed to a diverse range of experiences such as workshops, mentorship and other activities. These allow participants to build their networks, skills, and knowledge.
Women are currently underrepresented in senior roles across the finance industry globally and gender inclusion has been a focus for DIFC since it was established in 2004. The DIFC Authority leads by example by having strong representation of women on its Management Team, and over 60 per cent of DIFC Authority staff and 33 per cent of the workforce in the region’s largest financial centre ecosystem are female.
Commenting on the launch, Raja Al Mazrouei, Executive Vice President of DIFC FinTech Hive said: “Following the massive success of the first edition of the programme in 2019, we have worked with our DIFC FinTech Hive partners to encourage women to apply from across the world. AccelerateHer allows young and ambitious women to build their careers in financial services and play a more influential role in driving the future of the industry. It is another way that DIFC is shaping the future of finance.”
Rola Abu Manneh, Chief Executive Officer for Standard Chartered Bank UAE said: “We are very pleased to be collaborating with DIFC FinTech Hive on this exciting initiative. At Standard Chartered, we believe that including and empowering women, particularly in senior roles, would be key to unlocking positive trickle-down effects for generations. This programme is an excellent platform for distinguished women in the UAE’s financial services to gain a multitude of insights on the working world and, more importantly, build their networks, skills, and knowledge.”
Applications were received from young women across different areas within financial services, who mostly have less than three years work experience. The mentees will shadow aspects of the DIFC FinTech Accelerator Programme and take part in over 20 workshops provided by partners in areas such as legal, Tech, HR, compliance, marketing and more.
The second edition of AccelerateHer kicked off on 24 August, and will go on for three months, wrapping up on 30 November 2020.
About Dubai International Financial Centre
Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of USD 7.7 trillion.
With a 16-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.
DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of more than 25,000 professionals working across over 2,500 active registered companies – making up the largest and most diverse pool of industry talent in the region.
The Centre’s vision is to drive the future of finance. Today, it offers one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.
Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.
For further information, please visit our website: difc.ae, or follow us on Twitter @DIFC.