Money makes the world go round and a great deal of money goes around the world. The development of the concept of money ended the era of trade by barter; and now, money is a perfect exchange for goods and services. Interestingly, the development of money also birthed some firms that provide core and ancillary financial services.
For instance, some firms offer banking services to help you to keep your money safely. Other firms serve as intermediaries in facilitating the transfer of money between individuals and corporate entities in order to facilitate trade. Other firms provide loans, credit cards, insurance, wealth management, and investment services among financial services. Interestingly, the advent of traditional financial services companies and the modern FinTech industry creates an environment where people hand over their money to third party firms.
However, some unscrupulous firms have demonstrated unethical business practices Continue Reading