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Financial service companies are now betting big on data

MUMBAI:  Many banking, financial services and insurance (BFSI) players have turned data worshippers. Data can precisely map demographics, individual preferences and financial tendencies that help risk projection and customer relationship management. And the field is vast and diverse from private weather bureaus to food app payment gateways, telecom bill payments and even social media records. Take meteorologist Jatin Singh and his team. They pore over hundreds of drone-captured pictures and satellite images to map agriculture across central India. The founder of Skymet Weather Services demarcates farmlands on the basis of government records and uploads them onto a platform secured by a pay-wall.  virtual cfo services Banks and insurers are Skymet’s clients. “Over the next few months, we’ll cover other regions too… This data is turning out to be very useful for banks,” says Singh, whose reports have helped lenders disburse over 10,000 crop loans. Drone-captured images, acreage dat
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Major Companies in the Financial Services Sector

The financial services sector includes banks, insurance firms, credit and payment processing companies, and real estate companies. It serves retail and commercial consumers. Two simultaneous trends in the financial services industry are specialization, or companies that provide targeted services to customers, and globalization, or expansion of firms into developing countries and emerging market nations. virtual cfo services Berkshire Hathaway Berkshire Hathaway (BRK-A), the well-known most expensive stock in the world, is a multinational conglomerate initially composed primarily of insurance companies, including GEICO and National Indemnity. It now also owns companies involved in real estate, transportation, the furniture industry and several jewellery companies, notably Helzberg Diamonds. Directed overall by famed investor Warren Buffett, Berkshire Hathaway has an established record of financial success with companies that it has acquired over the years. One of its most rec
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What is a Financial Services Company?

Definition: A financial services company offers a range of investment and financial services to the public with the aim of money management. What Does Financial Services Company Mean? What is the definition of a financial services company? Put broadly a financial services company seeks to foster economic growth by bringing together those who can supply money through saving accounts, and those who need capital through loans. However, the financial industry has developed into a sophisticated pool of products. Therefore, nowadays financial services companies are offering more than intermediary services. Following the global financial crisis, many financial service companies have lost a great share of their clients as well as their reputation, struggling nowadays to regain a share of the good standing they once had. Today, many financial services companies have a strong presence in the insurance market as well as in the real estate. virtual cfo services Let’s look at an example
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Best Financial services are the economic services provided by the finance industry

Best Financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.[1] Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centres such as London, New York City, and Tokyo. virtual cfo services Contents 1 History 2 Banks 2.1 Commercial banking services 2.2 Investment banking services 3 Foreign exchange services 4 Investment services 5 Insurance 6 Other financial services 7 Financial exports 8 See also 9 References 10 Further reading 11 External links History See also: Global financial system § History of international finan
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