Industry convergence has become increasingly common among banks, insurance companies, and securities firms. Banks provide insurance products, insurance companies offer banking services, and both banks and insurance companies offer savings in investment funds. These services are regulated by various statutory regimes and operate under different industry practices.
The increased scope of services offered in these industries has created an entirely new market for financial services. This is due to advancements in online banking services and extensive private savings, among other things. DKCO has extensive experience in assisting clients with various matters related to financial services.