Effects of sophisticated financial services on the economy  The financial services industry offers a variety of services, including payment and settlement services, means for customers to raise funds and invest, hedging of risks, managing of assets for customers, and provision of information.
I will now take up some of these categories and use them as examples to show the kind of sophisticated services required by firms and households. A. Supporting firms’ activities  1. Provision of credit  When providing credit to firms, financial institutions need to continually find ways to satisfy the complex and diverse requirements of their customers in developing new business.