Banking Domain Concepts - What Are They?
A banking domain concepts represent the different entities and parts for which the information about the financial operations is gathered in order to know how the financial field or sectors work around the different products and services, distribution and sales, clients, financial process, technology, people and processes. Every banking domain has some or other specializations that help the people or the organizations to perform their tasks in a better way. Banks are specialized organizations whose main purpose is to lend money and provide financial services to their clients. The main areas of activities that are performed by banks include loan taking, savings, investment, provision of credit, servicing of loans, risk management, estate planning and insurance. In addition, they also provide money and funds for various other purposes such as purchasing real estate, dividends, capital gains, etc. This article mainly focuses on explaining the above-mentioned areas of activities and pro