Recent years have seen increased competition in many areas of finance. For example, commercial banks now...

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Finance

Recent years have seen increased competition in many areas offinance. For example, commercial banks now face a number of otherentities fighting for consumer deposits. Identify a financialservices firm that has recently(past few years)entered a new market(it can be either a start-up company or an established firm movinginto a new area). What market are they entering, and how are theytrying to establish themselves or distinguish their offering fromthe competition? How have the other companies in the spaceresponded? How do you think this will play out over time?

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Recent years have witnessed increasing competition in many areas of finance As per many a economists increasing competition in the area of finance would lead to lower cost of finance and will improve efficiencies and would lead growth in the economy Before advancing in the subject matter we need to have a look on functions of financial area particularly commercial banks Functions of Financial Services Payments Leding and Borrowing Capital Rasing Investment Insurance Etc Growing competition in the area of finance increased digital and technological revolution eg Mobile Payments Integrated Billing Crypto Currency P2P Transfer Mobile Money ot any other type of digital payments Commercial See Answer

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