Answer Posted / swati

Banking, Financial Services and Insurance (also known as
BFSI) is an industry name.
This term is commonly used by IT/ITES/BPO companies to refer
to the services they offer to companies in these domains.
Banking may include core banking, retail, private,
corporate, investment, cards and the like. Financial
Services may include stock-broking, payment gateways, mutual
funds etc. Insurance covers both life and non-life. A lot of
data processing, application testing and software
development activities are outsourced to companies that
specialise in this domain

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