Financial services encompass a broad range of economic services provided by the finance industry, including banks, investment firms, and insurance companies. These services facilitate the management, investment, and transfer of money, helping individuals and businesses achieve their financial goals.
The sector plays a crucial role in the economy by providing access to capital, enabling transactions, and offering risk management solutions. From personal banking to corporate finance, financial services are essential for fostering economic growth and stability, ensuring that resources are allocated efficiently across various sectors.