Financial Services

The term financial services became more prevalent in the United States partly as a result of the Gramm Leach Bliley Act of the late 1990s, which enabled different types of companies in the US financial services industry to merge. A diversified financial services organization may provide one or more of the following services: providing community and wholesale banking, real estate finance, asset management, and global fund management, to name a few. In the USA almost every company now which previously described themselves as a bank, insurance company, or brokerage house, now describes themselves in some way as a financial services institution. Financial services companies worldwide can increase revenue by taking advantage of new delivery channels, improving customer service, and addressing new product innovations.