Financial institutions accept deposits from customers and provide safekeeping for their funds. They offer various types of deposit accounts, such as savings accounts and current (checking) accounts. This is probably the most helping partipants maximise their returns, lower their costs, and make the most informed decisions.

Financial institutions provide loans and credit to individuals and businesses. They evaluate creditworthiness, set interest rates, and determine loan terms to facilitate borrowing for various purposes, such as purchasing a home, starting a business, or financing education.

 Financial institutions offer investment products and services to help individuals and organisations grow their wealth. They provide access to stocks, bonds, mutual funds, and other investment vehicles, as well as advisory services for portfolio management.

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Financial institutions provide guidance and advice to clients regarding financial planning, investment strategies, risk management, and retirement planning. They assist individuals and businesses in making informed financial decisions.

 Financial institutions facilitate the movement of funds by providing payment processing services. This includes processing electronic transactions, issuing credit and debit cards, and managing payment networks.

 Financial institutions assist clients in exchanging currencies and conducting foreign exchange transactions. They provide currency conversion services, hedging instruments, and facilitate international money transfers.

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​Financial institutions assess and manage various risks associated with their operations. This includes credit risk, market risk, operational risk, and liquidity risk. They employ risk management techniques to minimise potential losses.

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 Financial institutions must adhere to regulatory frameworks and comply with laws and regulations governing their operations. They have a responsibility to ensure compliance with anti-money laundering (AML), know your customer (KYC), and other financial regulations.

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Financial institutions must provide quality customer service to clients. This includes promptly addressing customer inquiries, resolving issues, and maintaining confidentiality and privacy of customer information.

Financial institutions have a responsibility to protect customer assets and information from unauthorised access, fraud, and cyber threats. They employ security measures, implement fraud prevention strategies, and invest in cybersecurity.

Financial institutions play a role in promoting financial inclusion by providing access to financial services to underserved populations. They work towards reducing barriers to entry and extending financial services to marginalised communities.

Financial institutions contribute to overall economic stability by facilitating efficient allocation of capital, supporting economic growth, and maintaining financial system integrity. They are responsible for managing financial risks and maintaining the stability of the financial markets.