BFSI Domain
BFSI Industry – Domain Knowledge
Looking for knowledge and key business information on the BFSI industry?
TechnoFunc brings to you BFSI industry overview, business model, value chain, competitive landscape, and latest trends. The Term BFSI is an acronym for Banking, Financial Services and Insurance and popular as an industry term for companies that provide a range of such products/services and is commonly used by IT/ITES/BPO companies and technical/professional services firms that manage data processing, application testing and software development activities in this domain. Banking may include core banking, retail, private, corporate, investment, cards and the like. Financial Services may include stock-broking, payment gateways, mutual funds etc. Insurance covers both life and non-life.
Learn the various dynamics and challenges in the domain knowledge for BFSI Industry. Quickly enhance your business acumen and talk like an expert and impress your stakeholders in your next meeting!
Banking Industry Value Chain: How Banks Earn Profit?
Banks are commercial institutions and like any other for-profit commercial venture, aim to increase their profits by expanding the business. Unlike other stores and shops, banks are selling services rather than products. Banking is a unique business model, and banks have various sources of income like interest spread, commissions, fees, and other revenues. Learn how banks get their funds and how they make money on services. In this article, we look more closely at how banks do business and how they earn profits and explore the value chain of the banking industry.
Banking Industry Value Chain: Decoding Bank's Balance sheet
Banking is a unique business and banks are a very important institution to the efficient functioning of the financial system. What are the various components of the banks balance sheet? What are the different assets and liabilities in their balance sheet? Deposits are assets for anyone investing it, but how deposits accepted by a bank are represented in Bank's balance sheet? Explore answers to these questions and understand the significance of items that are generally part of the balance sheet of a commercial bank. Understand the business model of commercial banking from an accountant’s perspective.
Banking Operations: Understanding Modern Banking Products
Banking has changed radically in the last 20 years, and it is now one of the most competitive businesses in the world. Like any business, a bank must attract customers in order to make money. There is an ever-wider array of services that are offered by the banking industry today. Technology has impacted the banking industry and changed the way it used to operate. With changing times, banks are also offering new innovative products to meet the dynamic evolving needs of its customers. Learn about various banking products and services.
What is Business? The Key Features of Business
In our day-to-day life, we use words like business, commerce, occupation, trade, industry, etc. quite often. These words have a definite meaning in the 'Business Organization'. After studying this article you should be able to identify the broad categories of human activities and describe what we mean by business and what are the features and objectives of the business. We will also classify the business activities and will explain the nature of the business organization. Read more to know what business is!
What is Stock Exchange? Meaning Definition and Features
A stock exchange or securities market is a place where trading in securities takes place. Read this article to learn the meaning, features, and functions of stock exchanges and understand the importance of stock exchanges and methods of trading on stock exchanges. After taking this lesson, the learner will be able to explain the meaning and importance of stock exchange and state the economic functions of stock exchanges.
