BFSI Domain
BFSI Industry – Domain Knowledge
Looking for knowledge and key business information on the BFSI industry?
TechnoFunc brings to you BFSI industry overview, business model, value chain, competitive landscape, and latest trends. The Term BFSI is an acronym for Banking, Financial Services and Insurance and popular as an industry term for companies that provide a range of such products/services and is commonly used by IT/ITES/BPO companies and technical/professional services firms that manage data processing, application testing and software development activities in this domain. Banking may include core banking, retail, private, corporate, investment, cards and the like. Financial Services may include stock-broking, payment gateways, mutual funds etc. Insurance covers both life and non-life.
Learn the various dynamics and challenges in the domain knowledge for BFSI Industry. Quickly enhance your business acumen and talk like an expert and impress your stakeholders in your next meeting!
Financial Intermediaries – Non-Depository
As the name suggests, non-depository intermediaries don't take deposits. Instead, they perform other financial services and collect fees for them as their primary means of business. Learn more about various types of non-depository financial intermediaries and how they work.
Financial Markets
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded. It includes stock markets, indices futures, commodities, and financial futures. Financial markets exist to bring people together so money flows to where it is needed most. Learn what we mean by financial markets and why we at all need them? Understand the major benefits provided by these markets and see some examples of various types of financial markets. Understand the difference between primary and secondary markets.
Key Services of the Financial System
In this article, we will consider the key services provided by the banks, insurance companies, mutual funds, stockbrokers, and the other financial services firms that make up the financial system. The firms in this sector, which make different financial assets and financial liabilities more or less attractive to individual investors and borrowers, offer different services.
Introduction to Banking: What is a Bank?
When you think of a bank, what image comes to mind? A bank is a financial intermediary for the safeguarding, transferring, exchanging, or lending of money. Banks distribute “money” - the medium of exchange. A bank is a business and banks sell their services to earn money, and they need to market and manage those services in a competitive field. Learn more about the fundamentals of banking.
Banking Industry Value Chain - Economic Benefits of Banking
Banks and other institutions play this critical role by performing services essential to the functioning of an economy. Safeguarding, transferring, lending, and exchanging money in various forms, along with evaluating the credit-worthiness of customers, are the main functions that banks perform. Learn more about the role that banks play in shaping economies, their importance in the modern, global economy, and why they are important for nations as a whole.
