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Banking domain knowledge is that body of knowledge about how different banking segments operate across customers sales distribution products services people process and technology.
Domain knowledge finance. Finance domain term is generally used to refer to the skills and jobs that fall under finance industry or financial services. It is used as a collective term to refer to a broad range of economic services provided by the finance industry which encompasses a broad range of organizations that manage money including credit unions banks credit card companies insurance companies consumer finance companies stock brokerages investment funds and some government sponsored enterprises. As you can see this definition pretty much covers end to end how a bank operates.
The term is often used in reference to a more general discipline as for example in describing a software engineer who has general knowledge of programming as well as domain knowledge about the pharmaceutical industry. Finance domain term is generally used to refer to the skills and jobs that fall under finance industry or financial services. The knowledge of the finance domain enables possible career paths within the financial services industry or with financial institutions.
Domain knowledge is knowledge of a specific specialized discipline or field in contrast to general knowledge or domain independent knowledge. Not all of them are made equal. First off to gain a basic level of banking domain knowledge let s aim to understand a few things.
The finance function the finance function encompasses a variety of functions activities and processes. What are the various types of banks out there.
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