Financial services companies facilitate banking, investing, credit card transactions and loans. They are important to the global economy and a country’s economy, especially when their customers are individuals who are making big purchases or seeking to expand their investments. They have made great strides towards increasing the number of people with access to financial services such as bank accounts and mobile money.
There are many career opportunities available in the financial services industry. Many people assume that jobs in this field are limited to roles like investment banking or loan officers, but the industry encompasses a wide range of positions. Some of these include a family office that manages the finances of a wealthy family; a hedge fund, which is an investment firm that pools capital from investors to make investments; and credit card companies like Visa and MasterCard.
When working in the financial services industry, it is important to stay current on changes to the marketplace and to the laws that govern it. Regulatory bodies are in place to keep businesses and consumers safe and ensure that all parties are treated fairly. These agencies are independent of the financial services companies and work to regulate their operations, maintain transparency and protect customer data.