Financial services encompass a broad range of economic activities provided by financial institutions, including banks, insurance companies, investment firms, and credit unions. These services facilitate the management, investment, and transfer of money, offering products such as loans, insurance policies, investment opportunities, and payment processing. The industry supports both individuals and businesses by providing essential services like asset management, financial planning, and risk mitigation.
Financial services are crucial for economic stability and growth, enabling efficient capital allocation and risk distribution. Regulatory oversight ensures trust and stability within the sector, safeguarding consumers and maintaining the integrity of financial markets.
