5000 - The Digital Economy - Lecture 7 Flashcards

1
Q

Members of the Financial Sector

A
  • Commercial Banks
  • Building Societies
  • Investment Banks
  • Insurance Companies
  • Brokerage Firms
  • Pension Companies
  • Financial Advisors
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2
Q

Six key areas of the Finance Sector

A
  • Banking
  • Accountancy
  • Financial Planning
  • Insurance
  • Investments and Pensions
  • Real Estate
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3
Q

Trends in the Financial Sector

A
  • Increasing focus on Digital Transformation
  • Emergence of FinTech Companies
  • Building a Cognitive Side to the business
  • Re-thinking the concept of money
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4
Q

Members of the Service Sector

A
  • IT Services
  • Tourism and Hospitality
  • Medical
  • Travel
  • Transport and Logistics
  • Accounting
  • Education
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