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The new technique for assessing covert discrimination in banking

January 20, 2020 | Banking

Content provided by Diversio

Diversio
The new technique for assessing covert discrimination in banking

Diversio was featured in this efinancialcareers article.

Investment banks have got a gender issue. The industry's gender pay gap is well-documented, as is its shortage of women beyond the mid-ranks, as are the small acts of subtle discrimination that can make it hard to get ahead.

"It's a systematic and cultural problem," claims one senior female banker at a U.S. house. And it's not limited to women: demographic figures for staff at different levels in Goldman Sachs suggest it's hard to progress if you're hispanic or black too. Goldman certainly isn't alone in this. 

None of this is new, however. Banks have been trying to tackle discrimination for decades, with negligible results. Now, though, a new company is proposing a solution - based on the presumption that existing measures of discrimination are far too imprecise.  

Read the full article here.

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