Financial services encompass a wide range of services including banking, insurance, investment, and financial planning. This sector plays a crucial role in the global economy by facilitating the management and distribution of funds.
Financial services are professional services that provide financial assistance and solutions to individuals, businesses, and governments. Financial services can be divided into four main categories: banking, insurance, investment, and financial planning.
Financial services play a crucial role in the global economy by facilitating the management and distribution of funds among various participants, such as savers, borrowers, investors, and intermediaries. Financial services can also contribute to the economic growth, stability, and development of countries and regions by providing financial inclusion, innovation, and regulation.