Mastercard 's Cairns: Financial Services Are Behind on Diversity and Inclusion

The video discusses the issue of gender bias in AI algorithms, highlighting industry efforts to detect and eliminate bias. It emphasizes the slow progress in achieving inclusion and the cultural challenges in financial services. The role of quotas in promoting gender diversity is debated, with examples from different countries. The influence of investors on promoting diversity due to its positive impact on business performance is also explored.

What is a major concern regarding algorithms in the context of gender bias?

• They are not widely used in industries.

• They can be biased against certain genders.

• They are too complex to understand.

• They are expensive to develop.

What is the general sentiment in the industry about addressing inclusion?

• It is progressing too slowly.

• It is seen as a top priority.

• It is already fully addressed.

• It is not considered important.

How does the financial services sector compare to others in terms of gender diversity?

• It has no gender diversity issues.

• It is lagging behind other sectors.

• It is on par with other sectors.

• It is leading in gender diversity.

What is the stance on quotas for gender diversity in Britain?

• Quotas are preferred over targets.

• Quotas are not discussed at all.

• Targets are preferred over quotas.

• Quotas are strictly enforced.

Why do investors care about diversity in companies?

• Diversity reduces company costs.

• Diverse companies tend to perform better.

• Investors are not interested in diversity.

• Diversity is a legal requirement.