– BFSI Industry Domain

BFSI domain

BFSI Industry – Domain Knowledge

Looking for knowledge and key business information on the BFSI industry?

brings 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 and IT companies. technical/professional services that manage data processing, application testing and software development activities in this field. Banking services can include basic, retail, private, corporate, investment, card banking, etc. Financial services can include stock brokerage, payment gateways, mutual funds, etc. The insurance covers both life and non-life.

Discover the different dynamics and challenges of domain knowledge for BFSI Industry. Rapidly improve your business acumen and speak like an expert and impress your stakeholders at your next meeting!

Banking: Understanding Modern Banking Products

The banking industry has changed dramatically over the past 20 years, and today it is one of the most competitive businesses in the world. Like any business, a bank must attract customers to make money. Today there is an ever-widening range of services offered by the banking sector. Technology has impacted the banking industry and changed the way it operates. With changing times, banks are also offering innovative new products to meet the dynamic and evolving needs of their customers. Discover the different banking products and services.

What is the business?  The main characteristics of the company

In our day to day life, we use words like business, trade, profession, trade, industry, etc. often enough. These words have a specific meaning in “business organization”. After studying this article, you should be able to identify the broad categories of human activities and describe what we mean by business and what the characteristics and purposes of business are. We will also classify business activities and explain the nature of business organization. Read more to know what a business is!

What is the Stock Exchange?  Meaning Definition and Characteristics

A stock exchange or securities market is a place where the trading of securities takes place. Read this article to learn the meaning, features and functions of stock exchanges and understand the importance of stock exchanges and the methods of stock market trading. After completing this lesson, the learner will be able to explain the meaning and importance of the stock market and state the economic functions of stock exchanges.

What are finances?  Meaning, definition and characteristics of finance

Finance is the science of managing money. Finance includes banking, credit, investments, assets and liabilities. The finance function encompasses a variety of functions, activities and processes. Finance also includes financial systems. Acquisition, allocation, use and channeling of funds to maximize shareholder wealth. Finance includes public, personal and business finance.

Banking: different types of payments and payment systems

Ordinary people exchange goods, use services, and need to make cash payments because cash is the primary medium of exchange. Banks have developed various payment methods to facilitate the exchange of money which stimulates the growth of trade, helps in economic development and facilitates flexibility with reduced transaction costs with security. Various payment systems exist today, ranging from check, bank transfer, cards to online transfer. In this article, we will discuss the different types of payment methods available today with banking channels.

Trends in the banking sector

Banking today is an exciting, fast-paced, 24-hour global business. Changes in regulation, changes in technology and changes in competition have driven banks to become dynamic organizations that need to react quickly. to changing business circumstances. The rise of private sector banks, the rapid pace of globalization, emerging disruptive technologies are changing the dynamics of the banking sector as well as the competitive landscape. Discover some recent trends in the banking sector.

Banking Value Chain: Core Functions in the Banking Sector

Banks are commercial institutions and need to expand their business. Unlike other stores and shops, banks sell services rather than products. Find out how banks get their funds and how they make money on services. Banks and other institutions play this critical role by providing services essential to the functioning of an economy. Saving, transferring, lending and exchanging money in various forms, as well as assessing the creditworthiness of customers, are the main functions performed by banks. Learn more about the role banks play in shaping the economy.

Banking Industry Business Model - Understanding How the Banking System Works

Banks are profitable business institutions and need to grow their business, increase their income and provide returns to their owners. Unlike other shops and stores, banks provide services rather than selling their products. Find out how banks get their funds and how they make money on services. Read on to find out how banks make their profits!