Institution that provides financial services for its clients or members
"Banking institutions" redirects here. For banks as financial institutions, see Bank.
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Financial institution" – news · newspapers · books · scholar · JSTOR(March 2020) (Learn how and when to remove this message)
The oldest financial institution in the world, Banca Monte dei Paschi di Siena, founded in 1472.
A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institution:[1][2]
Depository institution – deposit-taking institution that accepts and manages deposits and makes loans, including bank, building society, credit union, trust company, and mortgage broker;
Contractual institution – insurance company and pension fund
Investment institution – investment bank, underwriter, and other different types of financial entities managing investments.
Financial institutions can be distinguished broadly into two categories according to ownership structure:
commercial bank
cooperative bank
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.[3] 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.[4]
^Siklos, Pierre (2001). Money, Banking, and Financial Institutions: Canada in the Global Environment. Toronto: McGraw-Hill Ryerson. p. 40. ISBN 0-07-087158-2.
^Robert E. Wright and Vincenzo Quadrini. Money and Banking: Chapter 2 Section 5: Financial Intermediaries.[1] Accessed July 24, 2012
^Jayati Gosh (January 2013). "Too much of the same". D+C Development and Cooperation/ dandc.eu.
^"Goal 10 targets". UNDP. Archived from the original on 2020-11-27. Retrieved 2020-09-23.
and 25 Related for: Financial institution information
A financialinstitution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of...
An international financialinstitution (IFI) is a financialinstitution that has been established (or chartered) by more than one country, and hence is...
important financialinstitution (SIFI) is a bank, insurance company, or other financialinstitution whose failure might trigger a financial crisis. They...
development financialinstitution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financialinstitution that...
All India FinancialInstitutions (AIFI) is a group composed of financial regulatory bodies that play a pivotal role in the financial markets. Also known...
Originating Depository FinancialInstitution or ODFI is a banking term in the United States used in connection with ACH Network (ACH). In the ACH flow...
The Office of the Superintendent of FinancialInstitutions (OSFI; French: Bureau du surintendant des institutions financières, BSIF) is an independent...
Financial services are economic services tied to finance provided by financialinstitutions. Financial services encompass a broad range of service sector...
FinancialInstitutions (MFIs), as in a definition provided by the European Central Bank, are defined as central banks, resident credit institutions as...
A bank is a financialinstitution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities...
Financial is a financialinstitution and Crown corporation wholly owned by the province of Alberta, the only province in Canada with such a financial...
An institution is a humanly devised structure of rules and norms that shape and constrain social behavior. All definitions of institutions generally entail...
Development financialinstitution (DFI), also known as a Development bank, is a financialinstitution that provides risk capital for economic development...
The Office of FinancialInstitutions (OFI) is an agency of the United States federal government in the United States Department of the Treasury. OFI coordinates...
Depository FinancialInstitution) sends the transaction to the receiving institution (called the Receiving Depository FinancialInstitution). When the...
the crisis first became more visible during 2007, several major financialinstitutions collapsed in September 2008, with significant disruption in the...
deposit cash and cheques at all CIBC ATMs for no fee. Simplii Financial shares Institution Number 010 with its parent CIBC. Its SWIFT/BIC code is CIBCCATT...
excluded from financialinstitutions, face discrimination and belong to vulnerable or marginalized populations. Due to the lack of financial infrastructure...
A bank account is a financial account maintained by a bank or other financialinstitution in which the financial transactions between the bank and a customer...
A financial intermediary is an institution or individual that serves as a "middleman" among diverse parties in order to facilitate financial transactions...
summary of financial transactions occurring within a given period for each bank account held by a person or business with a financialinstitution. Such statements...
Bank Limited Non-bank financialinstitutions (NBFIs), known as financialinstitutions (FIs), are those types of financialinstitutions that are regulated...
This is a list of banks and financialinstitutions in Nepal licensed by the Nepal Rastra Bank. Commercial banks are rated as Class "A" banks by the Nepal...
Quebec, and the second largest financialinstitution in the province, after Desjardins credit union. National Bank's Institution Number is 006 and its SWIFT...
all the financial assets which an individual or financialinstitution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized...
Global Information
