Financial Services

Financial services, as the name states, relates to all business matters involving money and finances. The term financial services, is also used to describe the companies providing such services. Any product or service of financial nature governed by regulatory authorities as delegated by law is also part of financial services. Financial services can be broadly categorized into capital market services, money market services, wholesale services, and retail services.

These categories encompass a broad range of services including credit card services, insurance, accountancy, investment, consumer finance, stock brokerage, and other similar segments related to monetary operations. Financial services are primarily dedicated to generating value for investors, and with every passing day, that demand for generating value is on the rise. An alternative, but equally more important, the purpose of financial services is to manage the monetary responsibilities for businesses. For the purpose of this article, we will discuss this part of financial services and the most efficient ways for companies to handle these responsibilities.