What is financial services?

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What is Financial Services

FINANCIAL SERVICES

Financial Services is also the term used to describe organizations that deal with the management of money.

The financial sector performs indispensable functions such as enabling saving and investment, providing protection from risks and supporting the creation of new jobs and enterprises.

The financial services sector is the primary driver of a nation's economy. It provides the free-flow of capital and liquidity in the marketplace. When the sector is strong, the economy grows, and companies in this industry are better able to manage risk.

Savings THE MAJOR

Payment Services

Borrowing

CATEGORIES OF FINANCIAL SERVICES

Financial Services

FINANCIAL SERVICES ARE CUSTOMER ORIENTED.

Features of Financial Services

FINANCIAL SERVICES ARE INTANGIBLE.

THEY ARE PERISHABLE IN NATURE AND CANNOT BE STORED.

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