Financial Services refer to a broad range of economic services provided by the finance industry, which encompasses a variety of businesses that manage money. These services include banking, investment, insurance, asset management, and other related activities that facilitate transactions, enhance savings, and support risk management. Financial services are essential for the functioning of both individual and corporate economies, enabling access to capital, financial planning, and wealth protection. They play a critical role in facilitating trade and investment, providing liquidity to markets, and promoting economic stability and growth.
The fintech revolution dismantles traditional barriers, reshaping financial access through technology. Mobile banking empowers individuals, even in remote areas, with access to deposits, transfers, and financial management via smartphones. AI-driven…