The driving force of financial companies is the different types of bank customers . Whether they are large investment companies or individuals who want to save, each one of them is the reason for the existence of the bank.
Therefore, it is essential to provide the best experience to each client who wants to interact with the organization. To do this, the first necessary action is, without a doubt, to get to know them.
As a financial institution, you need to be aware of the expectations and needs of the people or organizations that rely on your services . Therefore, it is essential to segment the different types of banking clients according to what they are looking for and to analyze each of their characteristics in depth.
Continue reading and discover:
What does financial institutions mean?
What is a client for the bank?
What are the types of clients of a bank?
Key technology for serving different types of banking clients
What does financial institutions mean?
Before analyzing the different types indonesia number list of bank clients, it is important to define some key concepts. Financial institutions are those organizations that are dedicated to providing services related to the management of economic resources .
Banks are financial organizations that play a key role in the regional economy: they are responsible for controlling and managing their clients' money through various services .
Classification
Just as there are different types of bank customers, banks and financial institutions can also be divided into two large groups , which in turn branch out into two segments each. These are:
Retail banking
This type of organization is aimed at simple operations of people and companies . It can be divided into:
Commercial banking: It is dedicated to financial intermediation . Its functions include collecting deposits from the public and redirecting them to the granting of loans to obtain benefits.
Private banking: It deals with the professional and comprehensive management of its clients' assets . It satisfies the investment, wealth planning, financial and tax needs of individuals or family groups.
Wholesale banking