Financial Service Company
(Redirected from Financial Entity)
Jump to navigation
Jump to search
A Financial Service Company is a service-focused company that provides financial services (manages financial assets, or facilitates financial transactions as an intermediary in financial markets).
- AKA: Financial Entity, Financial Company, Financial Services Provider, Financial Intermediary.
- Context:
- It can typically offer Financial Product through financial service delivery channel.
- It can typically provide Financial Service through financial transaction processing.
- It can typically manage Financial Asset through financial management methodology.
- It can typically execute Financial Strategy through financial planning framework.
- It can typically maintain Financial Compliance through regulatory requirement adherence.
- It can typically satisfy Financial Regulation through compliance process.
- It can typically be an intermediary of a Financial Market through market participation activity.
- It can typically have Financial Institution Assets and Financial Institution Debts through balance sheet management.
- ...
- It can often facilitate Financial Risk Management through risk mitigation approach.
- It can often provide Financial Advisory Service through financial consultation process.
- It can often implement Financial Technology Solution through financial system integration.
- It can often support Financial Operation through operational efficiency measure.
- ...
- It can range from being a Small Financial Institution to being a Large Financial Institution, depending on its asset volume.
- It can range from being a Local Financial Institution to being a Global Financial Institution, depending on its geographic reach.
- It can range from being a Specialized Financial Institution to being a Diversified Financial Institution, depending on its service offering breadth.
- It can range from being a Traditional Financial Institution to being a Digital Financial Institution, depending on its technology adoption level.
- It can range from being a Retail-Focused Financial Institution to being an Institutional-Focused Financial Institution, depending on its client portfolio composition.
- ...
- It can have Financial License for regulated activity authorization.
- It can integrate with Payment System for transaction processing function.
- It can connect to Financial Market Infrastructure for market access provision.
- It can support Regulatory Reporting Framework for compliance documentation requirement.
- ...
- Examples:
- Financial Institution Types, such as:
- Depository Financial Institutions, such as:
- Contractual Financial Institutions, such as:
- Investment Financial Institutions, such as:
- Financial Institution Ownership Structures, such as:
- Financial Institution Specialized Types, such as:
- Financial Technology Institutions, such as:
- Alternative Financial Institutions, such as:
- Financial Institution Instances, such as:
- ...
- Financial Institution Types, such as:
- Counter-Examples:
- Non-Financial Corporation, which produces physical product or provides non-financial service rather than financial service delivery.
- Financial Regulatory Agency, which oversees financial institution operation rather than directly providing financial service.
- Financial Industry Association, which represents financial institution interest and promotes industry standard rather than engaging in financial service provision.
- See: Bank, Insurance Company, Investment Company, Financial Market, Financial Regulation, Financial Service, Financial Technology, Financial Economics, Deposit Account, Loan, Trust Company, Mortgage Loan.
References
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Financial_institution Retrieved:2021-2-18.
- Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions: [1] # Depository institutions – deposit taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure:
- Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might be fewer banks serving specific target groups, and small-scale producers may be under-served. This is why a target of the United Nations Sustainable Development Goal 10 is to improve the regulation and monitoring of global financial institutions and strengthen such regulations.