Financial and banking services industry is a traditional service domain but gaining traction with major application of information technology and shifting to mobile and online banking. Innovation has led to opportunities and the growth has resulted in an increase in startups and fintech companies looking to compete for a share of the business. The global banking sector is in better shape post the recessionary phase but the global insurance industry is undergoing turbulent times with continuing low interest rate environment, a challenging equity market, and tighter regulatory regimes.
The financial sector consists of various sub sectors which majorly include banks, NBFCs, insurance and other related services segments.
Reports by Azoth Analytics captures and analyses growth of banking, insurance and other financial products. The major segments of banking and finance include banknote production, ATMs, Credit Cards, financial instruments and their usage statistics and transactions. The insurance domain covers premium, market size, drivers and challenges related to general, life, health, motor and crop insurance among others.
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