Financial Services
About Financial Services
Financial
services help with the making, investment, and management of money for
both people and organizations; for example, trading shares in the stock
market, or helping people put money away for a rainy day.
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, and stock brokerages, investment funds, individual managers, and some government-sponsored enterprises.
Why is Financial Services important?
Financial Services are important for a country and economy as it provides
•
Facilitates Transactions: Financial services facilitate the smooth
functioning of transactions in an economy. Various financial instruments
such as debit cards, credit cards, cheques, bills of exchanges, and many
more assist people in doing payments.
• Ensures liquidity: These
services ensure proper liquidity by facilitating the free movement of funds
among people. Financial services enable people to easily acquire the
required funds through credit cards or loan facilities.
•
Mobilizes Savings: Mobilization of people’s savings is another
important role played by financial services. It brings together those
who have excess ideal lying resources and one who is in need of funds
for investing in productive means.
• Risk Minimization:
Financial services reduce the effect of risk to customers through
diversification. Insurance policies offered by companies provide
protection to people against various losses.
Who should take the Financial Services Exam?
• Finance professionals
• Entrepreneurs or Innovators
• Anyone who wants to assess their finance skills
• Finance managers and senior executives engaged in financial services
• Professionals working in outsourced companies responsible for financial services
• Anyone interested in financial services
• Students
Financial Services Certification Course Outline
1. Understanding service products, consumers, and markets
2. Elements of service marketing
3. Managing the service delivery process
4. Implementing service marketing
5. Role of Financial Institutions and Services
6. Financial Management Models & Their Application in Financial Institutions
7. Evaluating Risks & Returns of Assets & Liabilities of Financial Institutions
8.
Flow of Fund Analysis of the Borrowing lending behavior, interest rates
analysis, interest rates, Yield curve, risk & Inflation
9. Financial Management of Commercial Banks
10. Development Banks
11. Financial Planning & Financial Institutions
12. International Aspects of Financial Institutions