Finance refers to anything relating to money. Financial services, as a sector, is made up of banking, credit, loans, payment services, tax, accounting, trading stocks, asset management, insurance and investing. It is intrinsically linked to the state of the economy, and can be affected by changes in interest rates, government policies and loans.
Financial services support both individuals and businesses with their money and wealth management. As well as large organisations, there are also numerous small and medium-sized businesses in the UK that work in this space. In addition, there are organisations in the UK that regulate the financial services sector to ensure equity.