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The Banking and Finance sector is a broad industry encompassing institutions that manage money, credit, and capital. It includes banks, credit unions, investment firms, insurance companies, and other financial service providers. Its primary role is to facilitate the flow of capital between those who have surplus funds (savers/investors) and those who need them (borrowers/businesses).
This sector is currently undergoing a massive Digital Transformation, driven by fierce competition from FinTech companies, evolving customer expectations for seamless service, and the need to manage complex global risk.Cybersecurity and Fraud: The shift to digital banking dramatically expands the attack surface. Financial institutions must continuously invest in advanced security measures, including biometric authentication and AI-driven threat detection, to protect sensitive customer data and combat sophisticated fraud schemes.