The banking sector is one of the most important economic sectors and is the most seductive. Also, very influential in developing economies. Banks’ financial performance is influenced by technological advancements and the capacity to generate profits with low costs. The recent entry of these Non-banking institutions’ into the financial work sector has been noticed to raise competition. This includes pressure on the financial and banking institutions. This article discusses everything you need to know about, how powerful is financial engineering to the banking world.

It provides a broad range of financial and banking services. However, its functions are for the expansion of commercial and investment banks. Most banks, which employ financial engineering technology have emerged as the new form with great customer service and satisfaction...
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