The financial services industry encompasses all roles in managing and exchanging money. Sometimes called the financial sector or financial services sector, this industry includes segments such as banking, investing, insurance, and financial analysis (Investopedia.com)
Modern banking is involved with many other activities. It has FX departments, provides lease financing, helps in M & A, serves as investment bankers and also provides advisory services. The future of banking will focus on digital transformation, team integration, employee satisfaction, advisory services and data security, big data, remote workforce and block chain
Read MoreThe origins of financial services pre-date the industrial and agricultural revolutions and even the emergence of developed international trade patterns. If we take the activity of moneylending as a precursor to the banking industry. The financial services industry is relatively new, but certain parts, such as insurance coverage, go very far back in history. Insurance was officially born in 1680 when the first insurance was offered to insure brick and frame homes by The Insurance Office founded by Nicholas Barbon. This resulted from the devastation of the Great Fire of London in 1666.
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