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financial institution
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institution that provides financial services for its clients or members
~4 min read
Encyclopedic overview
The oldest financial institution in the world, Banca Monte dei Paschi di Siena, founded in 1472. A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions.
Types
Excerpted from Wikipedia’s “financial institution” article, available under the CC BY-SA 4.0 licence.