The financial services sector offers financial goods and covers many different types of transactions in areas such as real estate, consumer finance, banking and insurance. It also covers a broad spectrum of investment funding, including securities.
The financial services and banking sector has gone through a period of significant changes over the last few decades. European banks have been hit hard by the 2008/09 global financial crisis. Following this crisis, many countries in the world implemented significant financial sector reforms to reduce or eliminate distortions in financial markets and strengthen financial institutions.
This sectoral watch describes the industrial context of the sector, technological trends, venture capital investments and startup creation, the supply and demand of related skills and a future outlook with challenges and opportunities.
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