BFSI - Banking, Financial Services and Insurance
The BFSI (Banking, Financial Services, and Insurance) sector is a critical component of the global economy, encompassing financial institutions such as banks, credit unions, insurance companies, and investment firms. It serves a broad range of functions, including managing and safeguarding financial assets, providing loans and credit, and offering risk protection through insurance.
Key features of the BFSI sector include the role it plays in facilitating economic growth and stability, its strict regulatory oversight, and its embrace of digital innovation and financial technology (FinTech) to enhance services. The BFSI industry continually adapts to changes in economic conditions, regulatory reforms, and technological advancements, influencing not only individual finances but also the broader financial health of nations.