Banking, Financial Services and Insurance (also known as BFSI) is an industry term of art for companies that provide a range of such products/services.

Banking may include core banking

Core banking

Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.- Core banking :...

, retail, private, corporate, investment, cards and the like. Financial Services may include stock-broking, payment gateways, mutual funds etc. Insurance covers both life and non-life.

This term of art is commonly used by IT/ITES/BPO companies and technical/professional services firms that manage data processing, application testing and software development activities in this domain.