Banking industry comprises banks that operate across the world and operate by providing different types of banking services to customers. The business of a bank and any financial institution functions with the trade, exchange, depositing, loaning and many other finance related activities, for example- activities such as holding money in saving, creating and checking accounts, issuing loans and credit and many other transactional activities that involves the customer and the bank. Basically, a bank is a financial intermediary.  Globally there are several different types of banks that engage in different types of banking, few of them are advising bank, central bank, state bank, commercial bank, credit union and investment bank. Banks are governed by a central government body and within permissible regulations, banks can offer legal personal and commercial services to clients.

Banking industry is a highly regulated by the government. Basic and regular routine banking activities include paying on checks written by clients, collecting deposits and issuing loans. The main source of revenue is generated through issuing loans, and charging interests on loans. Since the advanced processes and improvements in the technology, there are many banking channels which clients use to access accounts and conduct their businesses and transactions, some of them are, bank teller at the branch, call center or telephone banking, online or mobile banking, video banking and ATM machines. Since the advancement in technology, the major and most improved segment in the banking industry is the use of instant and convenient mode of banking, that is through internet/ online and mobile internet banking.

According to Global Industry Analysts, mobile and internet banking are becoming increasingly intertwined. Since Smartphones utilization in almost all the industry's furthering attempts of being a step ahead of the competition, either by developing apps or providing instant access and solutions to the customer, customers are finding this mode of convenient banking to be more efficient and effective as it saves a large amount of time. Due to this effect, the global mobile internet market is expected to continue to drive the expansion of the mobile banking services sector. Lately, financial institutions are responding and adapting to the change by launching applications that can be downloaded and used to perform banking activities at a finger tip and they are encouraging consumers to bank online using mobile devices by rolling out mobile and internet banking services.

2 . Banking Industry Trends

According to MarketLine, the global banking industry is in a thriving state of expansion and revenue generation. The recent improvements in the infrastructure, convenient and accessibility from anywhere, accurate and precise results and solutions and many more advantageous features and benefits have attracted a large number of customers to opt for banking services more than before. The growing population, the increased incomes of middle class demographic, better financial budgeting and necessary measures taken by the customers to keep the money and assets in a safe deposit in a place with high security are helping the banking industry to invest and divert their focus in providing improved and better services, so the banking industry is expected to exceed $143 trillion of revenue generation in 2014 with a 58% increase in the last five years.

The North American region, particularly the US banking sector is expected to reach over $14 trillion of revenue by the end of 2015, and in terms of assets, the European regional banking industry is estimated to reach over $88 trillion, according to Global Industry Analysts. The major drivers of this expansion and growth are cross-border expansion because of the improved and beneficial strategic plans in the different countries, the high competition between international banks and the constant improvement and top notch marketing and campaigns of best services and returns.

3 . Major Banks around the world

Major banking industry players include Goldman Sachs, HSBC, BNP Paribas, Bank of China, Bank of America, Citigroup, Deutsche Bank, ING, Barclays and The Royal Bank of Scotland.