Essay On Financial Inclusion

Essay On Financial Inclusion-64
This job is relatively new in the modern labor market.As a matter of fact, many people today cannot distinguish clearly between the career trader and financial analyst, as they are very similar and perform similar functions.

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With the rise and rise of fintech, financial inclusion seeks to promote the betterment of the world's population through the use of financial services and tools available in an increasingly digital-based economy.The job of a financial analyst is extremely important in the contemporary society, especially in the time of the economic turmoil.On the other hand, the job is very perspective and offers wide perspectives for career development.With little access to banks, especially in rural areas, underbanked users mostly carry out transactions in cash or checks, making them vulnerable to theft and street frauds.Even access to bank locations for conducting transactions like cash deposit, check cashing, money order, and funds transfer may come at high costs in terms of banking fees.Financial inclusion is the pursuit of making financial services accessible at affordable costs to all individuals and businesses, regardless of net worth and size, respectively.Financial inclusion strives to address and proffer solutions to the constraints that exclude people from participating in the financial sector. The financial sector is continually coming up with new and seamless ways to provide services to the global population.Often the public perceives the job of the financial analyst as the job of the expert, who can analyze any financial performance and to draw conclusions on the ground of that analysis, as stated in Financial Analyst Duties and Responsibilities.Furthermore, there are two similar professions which often intertwine with one another: financial and investment analyst.The analyst must conduct a qualitative analysis of the situation on the financial market.However, as the finance is a very broad field to study and analyze, each financial analyst has to be able to evaluate a particular section of either the stock market, or the financial performance of the company, or a particular sector of the economy, or to analyze the economy.

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