New study launched ahead of International Women’s Day reveals women are becoming more financially independent than men

"Men and women respond differently to elevated stress, especially when it comes to decision making. High-stress circumstances tend to increase the attractiveness of risky decisions in men. But for women, high stress actually results in a decreased appetite for risky decisions. Sometimes the risky decision is the right choice to make, but only under circumstances where the risks have been carefully considered and the rewards are big enough to warrant any drawbacks associated with failure. Global data is pretty clear on the fact that, on average, men get paid more than women. This disparity has many causes, of course, but a big part of the story is that men generally feel more comfortable than women when it comes to taking the risk of asking their boss for a raise. Perhaps that’s why in some markets, such as Germany, getting a pay rise is almost twice as stressful for women than it is for men.”

"The pandemic has made it clear that women are juggling an intense amount of responsibilities, and unsurprisingly, have been impacted by high-stress levels, regardless of their financial status. That’s why we’re on a mission to make banking simpler, more transparent and more flexible, so that it fits more seamlessly into our modern busy lives, and becomes, hopefully, one less thing to worry about. We’re committed to understanding the factors that make people feel financially stressed so that we can help to alleviate them. We also want to help people feel more financially independent and in control of their finances whether that’s through setting spending limits, introducing savings goals or simply checking their balance more often.”