Providing financial services such as constructing, investing, and managing people and organizations’ currency is the main function of the financial industry. This part of the industry is made up of various corporations including banks, investment houses, lenders, finance companies, real estate brokers, and insurance companies.
The major correlation between the proficiency of the financial segment and the quality of the economy is not ignorable. Hereupon, providing the free flow of capital and liquidity in the marketplace, expanding activities of financial markets, heeding the benefits of government, economic development, ensuring & maximizing returns, promoting savings & investments, balancing regional development, and promotion of domestic & foreign trades are solely some of the practices financial services industry.
The financial industry has not been untouched by digitalization. However, as technology expands the quantity and quality of data sources and customers become more sophisticated and services get more commoditized and disintermediated, the necessity to keep up with the rapid pace of progress and use of up-to-date knowledge is profoundly felt.
