Economics of the society alone has the powers to change the rules of sociology and political science. The sector of the banking and finance can be considered as the leading sector of the industry that ways. Finance has the power to change the equations of the trades and banking systems holds the power to earn resources for the finance sector. The cycle created by Banking and finance sector has the power to influence many other sectors of the social life.
The sector of the banking and finance has changed many things in recent past when startups took over the task of changing the world economy. Government sectors across the world have a full patronage to this industry sector because of its direct impact on the GDP of any given country. The health of the banking sector of a sector can also be termed as the key denominator of the health of the economy.
It is an organized sector by all the possible standards. In the recent past, we have witnessed a positive change when the unorganized sectors of the economy finally started shifting their base in the organized world. It happened because of the onslaught of the Internet-based economy and E-Commerce practices. When we try to generalize the performance of this sector during the previous decades then we find that banks and other financial institutions are now seeking for a direct participation of the masses in the system. The ability to perform transactions in a single day has increased exponentially. Big data solutions are coming up with magical solutions to handle thousands of the transactions in a single stroke. Banks are enjoying this technological advancement and they are also keen to grow exponentially. It is true that the face of this industry is changing the face value, however, the importance of the sector as the core sector of various economies cannot be denied by any standards.