Financial services encompass all sectors and companies that manage funds in the financial system and redistribute them through savings, investments, loans, and other forms of credit. They include central banks, depository institutions, credit unions, insurance, pension funds, and firms engaged in financial intermediation or asset management. The sector also includes credit-card companies and networks, international money transfer firms, credit-rating agencies, debt resolution services, and stock and commodity exchanges.

The health of a country’s economy is determined in part by the strength of its financial sector, which is often viewed as a proxy for overall economic stability. This sector is vital for citizens, societies, and governments, and it is important that different approaches and technologies are used to bridge the gap between those who have access to financial services and those who do not. Digital currency and mobile technology are two promising instruments to include the non-served population in the financial service network.

A variety of factors can affect the financial services industry, including global macroeconomic trends, government regulation, technological advances, and the prevalence of natural disasters. But one thing is for sure: It’s a dynamic and growing industry, and as such, there are many opportunities for those seeking to advance their careers in it. Companies in the sector tend to invest heavily in their employees, and promote from within based on merit. They also tend to encourage continued education and offer on-the-job training. Additionally, the nature of their work is largely digitized, which allows for remote and flexible working.