Financial and related services
CPC v2.1 Code: 71
About financial and related services
cpc code 71 covers a wide range of financial and related services that are essential to the functioning of modern economies. This industry encompasses activities such as banking, insurance, investment management, and other financial intermediation services. These services play a crucial role in facilitating the flow of capital, managing risk, and supporting economic growth and development across various sectors.
Production process
The production techniques in the financial services industry primarily involve the processing and management of financial transactions, data, and information. This includes the use of sophisticated software and information systems, as well as the application of financial analysis and risk management methodologies. Financial institutions often rely on advanced algorithms, automation, and digital platforms to streamline their operations and deliver services efficiently.
Production inputs
The main inputs required for the financial services industry include skilled labor, such as financial analysts, accountants, and customer service professionals. Additionally, the industry relies on robust information technology infrastructure, including hardware, software, and cybersecurity systems. Financial institutions also require access to capital, which they obtain through deposits, investments, and other funding sources.
Production outputs
The primary outputs of the financial services industry include a wide range of products and services, such as 81 Banking and credit services, 82 Insurance services, 83 Investment management and related services, and 84 Other financial services. These outputs are consumed by individuals, businesses, and other organizations that require financial intermediation, risk management, and investment opportunities.
Family tree for financial and related services
graph LR A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"] A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"] A --> C["<a href='/classifications/cpc/v2-1/72'>72: Real estate services</a>"] A --> D["<a href='/classifications/cpc/v2-1/73'>73: Leasing or rental services without operator</a>"] B --> E["<a href='/classifications/cpc/v2-1/711'>711: Financial services, except investment banking, insurance services and pension services</a>"] B --> F["<a href='/classifications/cpc/v2-1/712'>712: Investment banking services</a>"] B --> G["<a href='/classifications/cpc/v2-1/713'>713: Insurance and pension services (excluding reinsurance services), except compulsory social security services</a>"] B --> H["<a href='/classifications/cpc/v2-1/714'>714: Reinsurance services</a>"] B --> I["<a href='/classifications/cpc/v2-1/715'>715: Services auxiliary to financial services other than to insurance and pensions</a>"] B --> J["<a href='/classifications/cpc/v2-1/716'>716: Services auxiliary to insurance and pensions</a>"] B --> K["<a href='/classifications/cpc/v2-1/717'>717: Services of holding financial assets</a>"] %% Color coordination by level classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px %% Apply classes class A level1 class B level2 class C level2 class D level2 class E level3 class F level3 class G level3 class H level3 class I level3 class J level3 class K level3 class B highlight %% class A level1 %% class B,C level2 %% class D,E,F,G,H,I level2 %% class J,K,L,M,N,O,P level3 %% class B highlight