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What are the various types of banks out there.
Domain knowledge of finance. For example industry domain knowledge could refer any of the following. Domain knowledge refers to a broad based understanding of a particular industry or solution. Finance encompasses banking credit investments assets and liabilities.
What is banking domain knowledge. 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.
Because the term banking domain knowledge is so broad we sometimes struggle with a definition. Finance is the science around the management of money. Acquisition allocation utilization and channelizing the funds to maximize the shareholder s wealth.
First off to gain a basic level of banking domain knowledge let s aim to understand a few things. Domain for business analyst will be like e commerce banking finance crm auctions health care logistics supply chain etc. Notice the words industry and solution.
The term banking can cover anything from retail banking investment banking and private banking. Majority of software companies will not work on all domains. The knowledge of the finance domain enables possible career paths within the financial services industry or with financial institutions.
Finance domain term is generally used to refer to the skills and jobs that fall under finance industry or financial services. The finance function encompasses a variety of functions activities and processes. It can cover front office trading sales and back office operations banking regulations and corporate.
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