Financial services refer to the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money. This includes banks, credit unions, credit card companies, insurance firms, accounting companies, investment funds, stock brokerages, and some government-sponsored enterprises. Financial services facilitate transactions involving money and enable consumers and businesses to acquire financial goods like loans, mortgages, stocks, and insurance policies. Key activities include accepting deposits, making loans, processing payments, trading securities, and managing assets. The financial services sector plays a vital role in the economy by facilitating the flow of capital and liquidity in markets. It contributes significantly to economic growth by helping individuals and organizations save, invest, and protect their financial assets. Regulation of financial services aims to maintain stability and protect consumers.

Here are 5 key features of financial services for consultancy firms:

These features enable financial consultancy firms to provide comprehensive support to clients in optimizing their financial operations, managing risks, and driving growth in an increasingly complex and digital financial landscape.