The financial sector consists of not just banks but various other financial institutions ranging from insurance, wealth management, credit cards, capital markets, fintech, and various others. Financial companies have been grabbing investors’ attention due to their investments in technology, which has helped them widen their range of offerings to their customers.
The financial industry’s growth is being driven by the increase in financial transactions, fast payments, easy credit, and others. With inflation slowing in December and the jobs market remaining tight, the financial industry is expected to witness growth due to rising consumer spending.
