In fact, the challenge of integrating the women's perspective into finance is at the top of many institutions, even in the world's largest and most advanced economies. In the United States, for example, women make up less than 10 per cent of all fund managers and the number of executives in large banks is not one-handed. Women's representation in the growing financial technology sector is low. In the United Kingdom, women hold only 9 per cent of the board seats in the top 50 financial technology companies; in at least 70 per cent of these companies, men hold board seats. Even at this level, the partial exclusion of women involves losses. Research shows that companies with boards of directors are female members, recording better financial performance and growing above the average. Different teams often achieve better performance, with the formation of gender equality as the main aspect of diversity. Also among the top policymaking bodies, a better gender balance can help broaden the debate, with more policy options in mind. For example, a small number of women are among the top 50 policy makers at the global decision-makers table of the Financial Stability Board. However, women are making strides in key institutions, especially in leadership roles as central bank governorates. In East Asia, women in particular have high levels of representation in senior management positions of the central banks, where they occupy 50 per cent or more of senior management positions, including Indonesia, Malaysia and the Philippines. At the same time, East Asia is the least region with a gender gap in access to finance. Good data are also essential for measuring progress on gender equality. The World Bank collects the third wave of GFSM data, the Global Findex, which provides demand-side data on the gender mainstreaming of financial services. On this front, the World Bank is working with the Gender Data Initiative, an initiative launched by the United Nations Foundation to sharpen the focus on gender equality in financial statements at the country level. The World Bank Group is working on many fronts to narrow the gender gap in funding. With women forming the majority of 2 billion people without access to basic financial services, this is a key element in our goal of universal access to financial services by 2020. In the money industry itself, the involvement and empowerment of more women, including at senior levels In the rapidly expanding financial technology sector, it is also one of the keys to unleashing new sources of economic growth.