What is bfsi domain?

BFSI is the acronym for Banking Financial Services and Insurance. BFSI is a name of an industry that is used commonly by different companies (BPO/IT/TES) to refer to the many services they give to different companies that fell under these domains Banking has many offices or activities that include investment, retailing, core banking, cards, and others. Financial services include mutual funds, stock broking, payment gateways and the like. Insurance, on the other hand, covers the living and the non-living. There are many software development activities, data processing and testing of applications outsourced to different companies specializing in this domain.