An initiative by the World Bank Group called Universal Financial Access 2020 is taking measures to ensure that the unbanked community has access to traditional platforms like checking accounts by 2020.
People who have basic transaction accounts are classified as the underbanked, which refers to adults who have secured the traditional tools for conducting transactions (such as a bank account), but who are not privy to the digital incorporation of these transactions (such as digital payments).
However, the primary concern of the financial analyst today is the situation in the stock market, foreign exchange market and the commodity market, as stated by Roxy White.
The analysis in general is a very complex process that involves many steps.
Professional skills required for the financial analyst are knowledge in macro-and microeconomics, knowledge of the legislation governing the financial activities of enterprises, knowledge of the market and equity securities, and the ability to work in a specialized computer program designed to analyze and calculate data, as described in Financial Analyst interview Questions and Answers.
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In addition, the duties of the Financial Analyst include asset management, analysis of financial markets (conducting surveys of experts, the news of the economy and finance in real time), work with economic statistics and reports on leading economic powers, reporting, forecasts or conducting various analytical studies, maintaining contacts with investors, and counseling, as stated in Interview with Matthew Harrigan: A Financial Analysts’ take on DIRECTV’s Latam Assets.
The increase in the use of technology in the financial industry (fintech) seems to have filled the void of inaccessibility to financial services.
The advent of fintech has created a way for all entities to have access to all financial tools and services at reasonable costs.
The most common type of the career growth for the financial analyst includes the following positions: Junior Analyst (Assistant Analyst), Analyst, Senior Analyst, Deputy Head of Department, Head of the Department, as stated in Financial risk analyst.
Demographic characteristics of the financial analyst are as follows: the financial analyst is a relatively young, but very demanding professional.