ADB pushes for greater female inclusion in fintech sector

Asian Development Bank (ADB) officials have urged nations in Asia and the Pacific to foster greater female participation in the digital and fintech sectors through emphasis on STEM education. The move is aimed at counteracting gender bias in these industries. According to ADB, enhancing digital knowledge and skills among girls and young women is critical to adapting to the future of work and the creation of green jobs. They highlighted the shift in demand for digital skills across sectors, urging prioritization of STEM education for young females. Currently, women's digital literacy remains low globally, at 15%, and they occupy a mere 25% of leadership roles in top tech companies. To promote women in STEM, ADB suggests concerted efforts from government and private sectors, as well as backing from investors.