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Financial & Insurance Services
In recent years, the global economy has seen substantial growth driven primarily by the financial services sector. Prominent financial institutions have extended their operations worldwide. The global recession triggered by the credit crunch significantly impacted this sector, particularly on an international scale. However, as financial institutions had limited exposure to risky investment banking products, their main challenges stemmed from the adverse effects of the recession, leading to liquidity issues in some cases.

The preceding year has also brought changes, marked by a market shift towards less risky financial products and a simultaneous emphasis on growth, resource optimization, and system improvements. Consequently, financial institutions are anticipated to address client needs through the reassessment of corporate strategy and proposals for operational enhancements.