04 Aug BANKING KEYNOTE SPEAKER: HOW FINANCE AND FINANCIAL FIRMS ARE EVOLVING
Ask a banking keynote speaker and finance futurist where you can turn when in need of financial services and you’ll get a long answer. It’s no secret that there are many types of financial institutions that you can turn to, right? Even more so given how competitive that the space is becoming lately, especially amid the rise of fintechs and online firms. In any event, as banking keynote speakers and finance futurists, here’s a brief tour of what the industry now looks like and firms within it:
- Commercial banks – Offer basic banking services to individuals and businesses, including loans, deposits, checking/savings accounts.
- Investment banks – Help companies raise capital through underwriting and facilitating mergers, acquisitions, securities issuance, like any good banking keynote speaker and finance futurist can tell you. Do not take deposits.
- Retail – Consumer-focused banks with local branch networks offering basic banking services to individuals and families.
- Corporate – Firms serving large companies and corporations by providing specialized financial services including trade financing, treasury management, derivatives.
- Industrial banks – Specialized commercial banks that provide financing for industrial sectors like manufacturing, transportation, construction.
- Savings and loans – Specialized banks originally created to finance mortgages and offer savings accounts. Per banking keynote speakers and finance futurists, now operate like commercial banks.
- Credit unions – Not-for-profit cooperatives owned by members, offer similar services as banks like loans and deposit accounts.
- Central banks – Institutions like the Federal Reserve that oversee monetary policy, regulate financial institutions and provide banking services to governments.
- Private banks – Cater to high net worth individuals by providing personalized wealth management, investing, lending services.
- Merchant banks – Provide advisory services for mergers/acquisitions, IPOs, fund management versus typical banking services.
Being banking keynote speakers and finance futurists, it bears reminding that the type of bank influences its profit model, services mix, target customer segments and applicable regulations.