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Financial domain has always captivated me and it is also one of the pillar or sectors of the Mauritian economy. It
can be said that I am extremely enthusiastic and passionate about the financial domain. Besides, my goal is to
master the vast and encompassing domain in an appropriate manner thus my ambition has enabled me to attain
the desired status quo as well as to achieve a feat in my venture.

An accomplished and responsible individual who is always striving to acquire more roles and positions in the
financial domain. An individual considering a journey in financial should carefully make a decision based on what
sounds like most exciting and rewarding choice as the perception is important to the individual to choose the
appropriate endeavours in order to create a better awareness of the financial domain. Furthermore, an individual
who is a generalist rather than a specialist with a forte of financial background, that is, expertise and experiences
with a brilliant governance framework in association with administration and management context thus a setting
in a truly global environment. Besides, an orientation in a truly fascinating world and for sure at a global level.

As a competitive person, I would like to become the best in the sector, whatever it takes, how much time it takes
but I will do it. I do not lack the determination to achieve my goals in life. I know that the journey has just started
for me, but I enjoy every minute of it and I know it would be difficult but that the challenging part of life, to face the
unknown.

This endeavour took a great amount of work and dedication to complete but I am proud of the work I put in to
make a successful and product that met all my criteria.
I am in no competition with no one. I have no desire to play the game of being better with anyone. I am simply
trying to be better than the person I was yesterday.

What sets me apart from my peers and mentors thus out perform the competition?
Fuel innovation and growth.

Simple measures not only add up but it is an intense and important process that can’t be rushed at the end, that
is, seeing is believing. A thriving future is in my hands and I have the power to change my life. I am geared
towards excellence so as to keep pace with prevailing trends and well equipped so as to be able to rise to the
challenges lying ahead. Curating my journey is more than development: it's how I design my life which are the
basic building blocks. This website include experiences and capabilities that are customarily left off my
curriculum vitae/resume, yet fundamentally make, myself.

Let's begin my journey in the finance world.

Overview
My journey takes on another dimension.

The best expertise in being a people's person fit for the role in finance is by having the right knowledge
also skills to carry out a dynamic role.

It is with great pleasure and pride that I am showcasing my achievements. My gratitude goes to all for their
valuable contribution. On behalf of myself, I thank you for your support and encouragement/commitment. I
dedicate these achievements to everyone who has always made me believe in the ability to lay a firm foundation
with the contribution others have continuously inscribe at me. I have learnt with an open heart and listened with
trusting ears.

The starting point was to get the appropriate background, that is, a vision and love for the endeavour or even for
the country. I promptly put/set out to in place the appropriate ecosystem and blueprint to achieve my vision which
is based on several fundamental pillars: working smart, attaining results and finding solutions. In short, an
innovative challenge, a paradigm shift.

Working in the financial industry tends to be fast-paced, competitive and challenging. In January 2005, I entrust
myself with a clear mission to comprehend the financial services sector as I started to gain an interest in the
financial world also, I have a feel to work in an industry that drives so much of our economy. I was interested in
everything that I focused on; whatever the sector can offer me and the determination I needed that I wanted to
make it in this field. But I also needed to know whether I have the innate qualities to succeed. Besides, what was
important was to get a foot in the door as the best way that are sure to boost my career in the appropriate
direction. Besides, endorse the financial services sector by contributing in higher value-added activities and wish
to contribute in transforming Mauritius into an ‘International Financial Centre’ of substance and repute, which
works for the many rather than the few in whichever way or at any level it seems possible to me. At the same
time, I had to ensure that the fundamentals are adhered to and bring much needed reforms. Besides, I highly
commend its undertaking for the dexterity it has shown on all fronts since its existence.

In the light of an early wave of critics which surface, casting doubts and imputing motives, I realised that success
would not easily come my way. So, whenever I was judged unfairly, I persevered, believing in my abilities,
applying my mind together and kept going bravely for the greater good of my journey also betterment of myself or
the country.

A career in the financial services industry automatically means that I will be directly connected with everything
that’s going on in the world thus a global career. As it's a fast-moving sector and I'll need to stay up to date
across the detail so I have to become an adept quickly, thus I should be keen to learn all I can about the matter
else constantly monitoring the day-to-day happenings which takes real interest and motivation. The financial
services part of my portfolio came with a heavy backlog of international obligations which had been kept ‘in limbo’
for years. Maintaining the status quo was not an option for Mauritius, since developments at international level
had simply overtaken the complacencies prevailing during the past decade.

To conclude, this journey has been a long one so far and there is more that needs to be done to achieve
meaningful change. And at the end of the day, who doesn’t want to feel great about the work they do?

I look forward to working closely with all of the economic players (operators and regulators), with my sight set on
continuing the economic development of my country. The stakeholders play an essential role in this. Once again,
it is an immense honour and a great privilege for me.
Introduction
Resources for my financial journey.

The financial services field is constantly evolving and changing. So, I want to become a financial adept, but I
don’t know where to start? Getting started is easy as anyone interested in finance can get access to the
necessary resources. Once I have a solid understanding of the various aspects of the financial domain that
capture my interest. In this environment, there is always something new to consider, something old to revisit and
something interesting just beyond the horizon. Keeping up with the industry is an important part of a financial
official’s life and continuing studies is required for many of these adepts to maintain their credentials. What this
means for the self-taught adept is that I will always have an opportunity to add to the body of knowledge.

The financial guide work closely for me to understand the unique situation also goal and help me work through
the obstacles that may stand in my way of building a future for a lifetime.

The financial sector remains the main driving force contributing to the growth of the economy. The various
associations bringing together stakeholders of the financial sector are fully involved in the development of the
blueprint or ecosystem.

Nowadays, the financial services sector is treading on unchartered territory, principally as a result of the seismic
pressures of external constraints, and of the ever-evolving norms and best practices being introduced by
standard-setting multilateral organisations. Mauritius, as a noted jurisdiction, has always been at the forefront of
adhering to the international norms, practices, and standards, whilst ensuring that the predictability and certainty
of the business environment are preserved.

Underpinned by a business-friendly environment, Mauritius has been able to pitch itself as a financial hub in this
part of the world over the several decades. Policy reforms undertaken over the years have also contributed in
strengthening the financial infrastructure on the island.

In order to stay up-to-date with an ever-changing financial landscape, it must highlight new trends in the financial
services sector and sheds light on the increasing number of financial institutions operating in the jurisdiction.

Currently, the financial services sector is presented as being the fourth pillar of the Mauritian economy. It is
estimated to contribute to more than 10% of the GDP with the banking sector contributing 65% of that amount. It
is the government’s vision to make the sector ever stronger by providing the appropriate avenues for
development. This effect may be due to the fact that Mauritius has sound regulatory practices and a business
environment that is conducive to its development.

The main objective behind these reforms is to liberalize and globalize the financial markets as to contribute to the
development of Mauritius as a leading international financial centre. Mauritius has a financial sector largely
dominated by a powerful banking sector, with a significant expansion in the region. It also has well developed
insurance, investment and offshore sectors.

With the government’s commitment of transforming Mauritius into an integrated global financial industry, the
sector is increasingly contributing to the economic development of the country. Undoubtedly this sector has a lot
of potential for expansion. It has just to be able to provide the knowledge and expertise to maintain the
equilibrium.
Study
Life mastery is the guidance on the best path to mastery.

Study: Personal Pursuit and Professional Pursuit

It's a conquest, both personal and professional. It's not about logic or wise decisions, it's about how far can I go
for the things I believe in. A passion for living life to the fullest and fulfilling my potential. The unlimited
possibilities that are available for anyone that commits their life to mastery, while sharing the very best ideas and
strategies that can make a difference in every area of life. Maximize my potential in life. Everything blends
together to turn me into an unstoppably extraordinary person with an unstoppably extraordinary life. In doing so,
it will unleash my power and enable me to create the life that I have always dreamed of.

Naturally, there is going to be some crossover between the two. Both are crucial to my success. When it comes
to personal and professional development, I can’t have one without the other. I have to work on both ends at the
same time. This is because the effort I give on one end can draw energy from the other.

There is always something to strive far. The key is to strive for it while being myself.

The only source of knowledge is experience.

Expedition
Once I leave this world, people will talk about my legacy which I think is untouchable. This is my purpose: to
make as meaningful as possible this life that has been bestowed upon me; to live in such a way that I may be
proud of myself; to act in such a way that some part of me lives on. 

Human are creatures of habits. Habits have a unique way of making life easier. So, I posed the question. What
are the key habits that have contributed in shaping my journey? Successful people are those who are
determined, persistent to fulfil their desired goal. A satisfied life is much better as the satisfaction is measured by
my own mind and heart. A satisfied life is a life well spent. 

Personal Phase: This is what I aspire to achieve for myself and in my personal relationships. Personal success
can be defined by everything I do in my life that makes me happy.

Professional Phase: This is what I’m aiming for in my endeavours, or your place of work. Professional success
can be defined by everything you do at work that makes you happy.

                  Think of them this way – what I want to achieve at home and what I want to achieve at work.

I will spend on average 40 years in the world of work after having completed an average of 21 years of education
at pre-primary, primary, secondary and tertiary level. Choosing the right course of domain and career is therefore
of paramount importance.

Personal vs. Professional Success:

Two Independent Dimensions/Realms

Is It Possible To Have Both?

Potential as the key to success.

Live in the now, be present in body and mind, ensure I take full advantage of the time I have, in order to live life
without regrets. It’s nonetheless an important component of well-being, to taking control of my life, and to realise
the personal and/or professional success I desire. Maximize my potential.

Whether in the personal or professional realm, goal setting is an important aspect in becoming a productive
individual, who effectively manages time.

Personal success supports and reinforces professional success. Professional success reinforces personal
success. And together, they reinforce life’s most important pursuit — happiness. Consequently, happiness brings
fulfillment, and fulfillment brings even more happiness.

One who does end up reaching their highest potential always possess certain qualities and habits that allowed
them to get there which separate them from those who don't. The meaning of success varies with individuals.

I tend to be rather enthusiastic about life anyways, so it becomes a fun game for me to think of the best phrases
to repeat around me. Staying positive will do wonders for your personal and professional success. I strive to be
successful, but it doesn't always come easily. Either way, spend my time wisely and in such a way that promotes
 both professional and personal success and much better off in the long run if I work on both of these goals in
tandem, as they will also work off of each other and provide strong gains.

It definitely helps me to have a better attitude about life, but it comes from an overall outlook in my perspective.
It’s this focus that has gotten me through many challenges along the way, and it is what has helped those around
me to also remain on a positive course. It’s not about things; it’s about people and the experiences I enjoy
together. I will continue to be grateful for every opportunity to learn and grow, knowing that this will benefit my
future and ensure that I am successful. I strive to find joy in every moment. It’s a simple and productive way to
encourage myself to assess and structure my own development.

Excellence always sells.

Excellence means greatness — the very best. Achieving excellence is never easy to do. Excellence is defined as
the condition of surpassing some standards of expectation. An opportunity to be placed in diverse and complex
situations. Excellence is the journey of development beyond one's self and is a step-by-step process of
improving oneself in every aspect of life. Although the process is difficult and requires patience but it benefits
those who want to live a successful and happy life. To achieve my highest potential in life.

Persistence will get me there (lead to the door), consistency will keep me there (key to unlock it).

Those who have achieved excellence live a productive life, enjoy healthy relationships and have international
satisfaction. It manifests in self-defined and self-valued achievement that reflects one's best efforts. Excellence
evokes the courage to take the path less travelled.

Personal Excellence: It is the continual process of raising the bar higher in whatever activities I do.

Professional Excellence: It is the adoption of outstanding practices in managing the organisation and achieving
results. 

       Creativity and Innovation

All in the name of skill of the future which involves stepping outside the day-to-day to devise novel
solutions.

Shaping up my endeavours through creativity and innovation thus promoting and pioneering for sustainable
development to enhance my qualify of life. Creativity is typically centred around original thought and knowledge,
which unleashes potential and is an integral part of idea generation. Innovation, on the other hand, is used to
turn the creative idea that I come up with into a viable solution. Creativity and innovation are characteristics that I
seek to develop to help them look at the world in new ways and form ideas to improve or add to it.
Breakthrough & Success Story
At a very early age I was interested in finance. Wishing to establish a career in the financial industry.

You might be wondering how I made my way into the financial industry. That’s a good question but the fact is that
the path to fulfilment and success is rarely a straight line. It often involves many and varied scenarios where I
gain to test the waters as well as to apply my forte. It comes down to this – I became a financial adept because of
my overriding passion. As such, effective planning put mechanisms in place to help me achieve my goals. This is
about my journey since 1996 up to now as a financial adept.

Accomplished financial adept with a demonstrated history of working in the financial industry and with several
years of expertise in financial endeavours. In 2016, I was bestowed upon a dual degree in Banking and Financial
Services course as well as a certificate in Financial Services Employability programme and I am continually
learning and advancing in my endeavours. From achieving know-how, my background has prepared me to excel
as a financial adept. I am totally committed to invest in continuous development to unleash my potential. In
addition, competencies such as the pursuit of excellence, innovation, creativity, and skills are valued.

From a young age, precisely, my desire to study finance arose. I know I wanted to be in the financial domain.
Yet, I had no idea how I was going to get there also I yearned for a way – but a better way. It was an exciting
time for me concerning personal growth and professional development. My plan includes becoming an adept in
the financial industry. I am target-driven with the ability to think outside of the box and take prompt actions. In the
beginning, I didn’t know many things and I am still learning today. But today I know and I understand a lot more
as now I am in a position where I can reflect on my journey with comprehension and know-how that comes of
being a proficient (practice makes perfect) for more than a decade. I’m sure I will look back years from now and
have a similar experience.

Initiation

Financial activity affects the daily lives of all people as they work, spend, save, invest, travel and play. Finance
influences jobs, incomes or opportunities for personal enterprise and development. Finance has a significant
effect not only on the standard of living and quality of life but also on the environment in which people live.
Basically, the centre of attention in finance is human itself, as it enables me to develop a better perception on the
financial environment around me.

As from my secondary education in 2005, although it is the first time that I am embarking on a study of finance
yet I have realised it may not be new to me. At some point in my life, I will encounter the world of finance. I,
therefore, must be prepared to engage in financial activity with confidence and competence, by understanding
how finance function and the role it plays in our society. After having built up on awareness, in 2007 as always
keen to learn about the financial world, I plunged into the financial field. In 2008, I embarked on a journey to
encounter further know-how that will enable me to better understand the financial environment in which I live. I
am sure that all these knowledge and skills will be really helpful to me once I start working in the financial
industry. After I graduate, I will be looking forward to get a job in the financial industry, more specifically to
become a financial adept, because I feel that I have the right set of skills to flourish and express myself in my
chosen endeavour.

It is a big deal for me, a milestone if I may say so and the path hadn’t been an easy one. But I am working in an
industry that I loved. I’ll know other things that I may not even be aware of today. I will continue to learn and grow
thus become an even better individual. My quest is to remain starkly aware of the specificities.
Insight
“The best vision is insight.” – Malcolm Forbes

A journey of a thousand miles begins with a single step. I am brave enough to travel the unknown path, and learn
what I am capable of thus I am on top of my game. All the way.

The will to win, the desire to succeed, the urge to reach my potential are the keys that will unlock the door to
insight – a philosophy or universal quest for fulfillment, that alluring and often elusive personal-professional at the
heart of my aspiration; my testimony to the creed and make that best part of my existence. I long to accomplish
this great and noble task; but it is my main duty and it would be a joy to accomplish this humble task as though
they are great and noble. It is my aim to think how I can best fulfill the demands that each day makes upon me
and to rejoice as the true and the good will stand sure. I trust, and nothing that happens disturbs my trust.
I am an eternal optimist and I know how to make things happen. Optimism is the faith that leads to achievement;
nothing can be done without hope. Every optimist moves along with progress and hastens it. The optimist cannot
fall back, cannot falter. I live the life I have imagined – I have conquered every possibility and I have entertained
any opportunity. It can be said I am an adept par excellence thus unique and impressive as I try to be better than
myself. Besides, to set a lofty example is the richest bequest a person can leave behind and a lofty sense of
independence is in human the best privilege of their nature.
Initiation

“Jack of all trades, master of none but better than master of one.” – Spanish Proverb

The tendency for a person to perform a great number of tasks or activities without being a proficient in them
which means versatility rather than specialty as more useful. When my roles are ambiguous, my outcomes or
results can be as well.

An individual who knows enough from many trades and skills to be able to bring the various disciplines or fields
together in an appropriate manner also a person who is a generalist rather than a specialist thus who is more
versatile and adept at many things. While specialist tend to get locked into career ladder for progress, generalist
don’t so much have a career ladder where they are able to move in any direction with speed and ease thus one
must take into consideration to learn and teach many things. Mastery is that the nature isn’t just in the variety of
interests as it is mastery of those interests. It isn’t when someone fully know every inch but they know enough to
perform the task.

The endeavours are to withstand at all spheres of the financial domain thus drive and sustain the kind of growth
that improves the formalities or endeavours thereby offering global perspectives and local insight towards
empowerment. Furthermore, to enable contribution to the overall plan therefore to conduct assessment to create
or integrate features that will encourage the showcase of the views or the opinions which are deemed as per say.

In all societies, activities operate on the basis of the existence of effective financial domain. In fact, development
in the function of financial services have helped activities to expand considerably over the years. The formalities
invite elaboration as to provide a portrayal to the complexities of the financial domain in a considerable manner. It
derives upon a range of perspectives through the lenses of different situations. The study of the corporate
environment around me remains the basic centre of my attention. It provides a know-how of corporate realities in
order to create a better awareness of the world in which I operate in my life. The financial domain is
characterised by the existence and operation of a wide multiplicity of factors operating in different activities
irrespective of the scale. Each matter carries its own special characteristics and operates under specific
requirements. As conditions change over the passage of time, it tends to take new forms.

It indicates the role of the financial adept within an organisation and to determine the most appropriate objective
to be sought when carrying out the endeavours. Although organisation will vary in form, size and purpose, the
function is basic to all. The financial adept occupies a significant place in the structure of all organisations and
the role has changed over time as it had changed in the 1990’s in Mauritius and is still changing nowadays. The
financial adept is responsible for making choices between alternative courses of action and it is important,
therefore, that the goal be determined before alternatives are evaluated. The dedication and commitment go
beyond financial well-being.

As it can be said that as a financial adept, I am quite curious about every area of the financial domain therefore I
am ‘an adept of emergence’. It’s all about the goal than seems possible and next to nothing as it makes the
perfect sense as someone who sees a particular nature between the community of science, art and technology.
As finance or financial services are the medium behind the mechanism. Certainly, or possibly, I want to be a
financial adept as the versatility would have been altogether surprising. The rigour which lives on nowadays is a
much wider sphere as well as the force behind the scenes as someone who has an affinity for finance and the
significant techniques change the world – an understanding to devise the financial domain.

It brushes the surface that as a financial adept I have to offer as studying a variety of things it doesn’t hinder my
ability as an individual which although I quite remain resolute. It is the consolidation of topics which should
greatly assist me in the financial environment in a concise and precise manner.
 Financial Services (Traditional)
 
&
 
Financial Technology (Methodical)
 
Most popularising and demanding endeavour or domain.
The basis is very unique and essential.
 
The most innovative, complete and modern tool for all endeavours.

FST – Financial Services and Technology

Advancing the financial world takes three letters.

It’s key to have something who’s looking out for me.

My financial line provides information about different routes or avenues into the financial industry. Financial adept
originally evolved from many roles to now encompass the complete range of solutions to help the overall affairs.
A financial adept may use various titles whether is registered or licensed.

I live in a digitalisation financial community. Being connected is the new normal. The digital community is growing
and connectivity is increasing regardless of age thus increasing mobility and flexibility.

Being good with technology can open the door to so many different career paths for me. I may have a bright
future thanks to my skills and my passions. Get excited about the endless possibilities. Along with technology,
another field that continues to expand, grow, and change is the financial industry. As the world becomes more
and more digitized, the worlds of finance and technology start to overlap more. Having a background in tech
opens the door to a career in finances in new and exciting ways.

Taking the opportunity to explore different areas where my skills and interests can collide to create a fulfilling,
prosperous career.
 Financial Services

Whether I’m looking to start an apprenticeship, gain a qualification or continue my professional

development to suit various career stages. From programmes through to globally recognised
qualifications and one-day sessions, I’ll gain industry expertise and technical ability that sets me apart
and open up career paths in the financial services sector. It is considered to be quite safe as nobody
expects financial services to disappear anytime soon.

Financial services may simply define as services offered by financial institutions like the loan, insurance, banking
etc. Also, financial services mean planning, organizing, directing and controlling the financial activities such as
procurement investment and administration of funds of an enterprise. It means applying general management
principles to financial resources of the enterprise. Besides, it is also process of framing objectives, policies,
procedures, programs and budgets regarding the financial activities of a concern. This ensures effective and
adequate financial and investment policies.

Importance

A financial service is best described as the process by which a consumer or business acquires a financial good.
The presence of financial services enables a country to improve its economic condition. Financial services are an
increasingly influential sector of the modern economy. Besides, it refers to a broad range of more specific
activities such as banking, investing, and insurance.

Functions

The following functions of financial services below are:

 Facilitating transactions (exchange of goods and services) in the economy.

 Mobilizing savings (for which the outlets would otherwise be much more limited).
 Allocating capital funds (notably to finance productive investment).
 Monitoring managers (so that the funds allocated will spend as envisaged).
 Transforming risk (reducing it through aggregation and enabling it to carry by those more willing to
bear it).

Financial Technology (FinTech)

Technology has transformed the financial services sector during the last decade. The technological revolution
that is taking place in finance right now is expected to progress at an ever-quicker pace during the next decade.
For anyone working in this sector, it has become increasingly important to keep up with new technological
developments if they want to avoid getting left behind by the competition.

Fintech, the word, is a combination of "finance and technology". FinTech, a portmanteau of financial technology
in the application of a new technological advancement to products and services in the financial industry or refers
to the integration of technology into offerings by financial services. Besides, FinTech is a catch-all term referring
to software, mobile applications, and other technologies created to improve and automate traditional forms of
finance for businesses and consumers alike. Although the term Fintech is relatively new, the origin of Fintech is
around the late 1800s and early 1900s. The technological change is transforming the financial sector and the
economy. FinTech innovations are affecting many different areas of financial services. FinTech as
technologically enabled innovation in financial services that could result in new business models, applications,
processes or products with an associated material effect on financial markets and institutions and the provision of
financial services.

It is an emerging industry that uses technology to improve activities in banking and financial services world at
large. Fintech (and by extension Fintech careers) is expanding at an unprecedented rate, enveloping seemingly
every vertical in finance. Emerging technologies like machine learning, blockchain and artificial intelligence
provide incumbents and upstarts with new ways to create value in financial services.

With the digital revolution that is happening in the financial sector of Mauritius and as an avant-garde jurisdiction
the country possesses the ecosystem to assist the global ambitions of FinTech. As more and more professionals
wake up to the fact that Fintech is transforming finance, the next logical step is to understand: how they can start
a career in Fintech? Luckily the marketplace is evolving to provide a number of solutions. Courses that carry
industry recognised certifications are fast appearing and a wide variety of job roles are being created in the
Fintech sector.

The financial services industry is in the midst of an evolutionary shift. Changes in customer behaviours,
skyrocketing expectations, constant disruption, new technologies, and digitization throughout the business model
are affecting organizations at every level. Also, as a FinTech passionate, I firmly believe that the financial
services industry is an ever-changing sector with plenty of hidden possibilities; which is why I am an avid learner
of all the intricacies of the financial sector to better it from scratch one day. It is most certainly been an interesting
journey navigating through the digital landscape up to this point, and operating now in the FinTech field.

Framework
The framework is known as the endorsement of the corporate world, that is, finance or financial (financial
services and financial technology) or as a financial adept under the basis of finance as some other measures
such as analysis or assessment. Therefore, it is known as the pattern of the endeavour is endorsed and the
derivatives is known to be as the framework.

Financial Domain

A financial domain plays a vital role in the growth of a country. It intermediates between the transfer and
allocation funds between investors and borrowers efficiently and effectively. A financial domain refers to a realm
which enables the transfer of money. A financial domain could be defined at an international, regional or
organization level. The term “domain” in “Financial Domain” indicates a group of complex and closely linked
details within an economy. It mobilizes and usefully allocates scarce resources of a country.

Components

·        Financial Institutions
·        Financial Markets
·        Financial Intermediaries
·        Financial Policies
·        Financial Instruments (Commodities or Securities)
·        Financial Solutions (Products or Services)
·        Financial Management or Administration
·        Financial Technology
·        Financial Agencies & Bodies
 
Scope

The following scope of financial domain, and cover a wide range of activities. They can broadly classify into two,
namely:

·        Traditional Activities
·        Methodical Activities
Elements
On the whole, the financial domain is all about:

The financial domain provides a plethora of things to meet the endeavour of funds or resources allocation as well
as to mediate a transaction. It is concerned with the formalities of various obligations being given to the essences
or series, that is, say thus a range of components that are relevant to the endeavours that give an assessment
about the goal by explaining the ambition to achieve it. Furthermore, the endeavours are to make the decisions in
a way that it demonstrates my mastery over formalities as a moment of claim.

The features of the financial domain are as follows:

§  Financial System

The financial system is a medium that allows the barter of funds or resources allocation which consist of various
formalities. A proper assessment of the operation of the financial system should enable to analyse financial
policies or principles as well as to interpret financial procedures or practices. The various elements such as
institutions, markets, products, services and so on that comprises the financial system vary from countries to
countries but in any country the financial system has these components such as institutions, markets and
participants. Financial systems exhibit a high degree of interdependence that refers to increasing linkages
created through globalisation.
 
§  Financial Network

The financial network is a concept describing any collection of financial entities (such as institutions, markets or
participants) and the links between them to mediate a transaction. It operates within the environment of the
financial domain which create an enabling environment. Financial networks are composed of nodes, where
nodes represent institutions or participants and of edges, where edges represent the relationships. Globalisation
has magnified the level of financial interdependence across many kinds of components that facilitate the flow of
trade from buyers to sellers and from savers to lenders.
 
§  Financial Centre/Hub

A financial centre or hub is a location with a concentration of participants in the financial domain with venues and
supporting services for activities to take place. Financial centres usually host companies that offer a wide range
of financial solutions. The term hub is a metaphor, comparing the financial services industry to a wheel with a
hub and spokes. The hub is the centre of the wheel, where the axle connects and the spokes converge and
therefore is of central importance to the mechanism. Cities or regions where an economy’s financial services are
located are of similar importance to their respective economies and are thus called financial hubs.
 
§  Financial Sector/Pillar

The financial sector is a section of the economy made up of firms and institutions that provide financial services
to commercial and retail customers. This sector comprises a broad range of financial industries. The economy's
health is mainly dependent upon the efficiency of its financial sector. The better the economy is, the safer it is for
the country. A weak financial sector typically means a declining economy. It also considers regulations that could
curb excesses in the sector whilst not hindering those activities for which it enhances capacity.

Besides, the nature of the financial world is that it incorporates not only the financial industry but also the
endeavours that support its significance – the financial domain and the importance of globalisation.

              For endeavours regarding the financial domain, I am often reminded of Lord Alfred Tennyson’s profound
line: ‘Knowledge comes but wisdom lingers’ as the environment in which financial stakeholders have to operate
is constantly changing.
Analysis
“Slow and steady wins the race.” – Robert Lloyd

The changes or challenges in the environment in which the financial domain must operate call for an awareness
of the endeavours. Besides, it is a milestone for anyone who wants to get a hint or core of the financial world. It is
largely based on conditions or perceptions of the ever-changing financial world. Choosing the relevant medium is
not solely a moment of chance or choice as it can be of efforts.

There is no minimum level of background necessary for becoming a financial adept but most have an
accreditation or certification. Without it, the financial adept will need to have substantial experience like working
in the financial industry, financial adept often comes from a milieu of financial know-how.

These are an important event which are closely linked to "general" and "liberal" study are vastly different in many
respects but are a vital component of all certificate, diploma and degree programs.

Financial Structure

Up to a point, institutions and markets both foster economic growths. Beyond that limit, expanded institution
lending or market-based financing no longer adds to real growth. But when it comes to moderating business
cycle fluctuations, institutions and markets differ considerably in their effects.

Institutions and markets channel savings into funds in quite different ways:

·        Institutions perform intermediation mostly on their balance sheets. They take in savings typically as deposits
and provide funding primarily in the form of loans, often through close relationships with borrowers or
lenders.
·        Markets, by contrast, keep savers and investors at arm's length, by serving as a forum where debt and
equity securities are issued and traded. Institutions can overcome problems arising from asymmetric
information and contract enforcement using the knowledge they accumulate through relationships; markets
do so by means of contract covenants and the courts.

All financial systems combine institution-based and market-based intermediation. But financial structure - the
particular blend of the two intermediation channels - varies across countries.

·        The first relates to the relationship between a country's characteristic and its financial structure. It can be find
that financial structure evolves alongside the changing profile of the economy.
·        The second is the link between financial structure and economic growth. It can be find that institutions and
markets foster economic growth in a complementary way, but also that there comes a point of negative
returns: beyond it, additional institution or intermediation or factors go hand in hand with growth.
·        The third issue relates to the role institutions and markets play in moderating business cycle fluctuations. It
can be find that the shock-absorbing function of institution-oriented systems is inhibited when the downturn
coincides with a financial crisis or vice versa.
Direction
“Knowledge is power.” – Francis Bacon

The basis is to determine the appropriate schema as an approach/model to finance. What also distinguish the
phrases is its universal nature as believed. The financial domain devised me as an individual who is both
theoretical and practical but it is as creative in so many ways under one domain. The agenda include diverse
options which function as a whole – it is a source or reference point for me as someone who want to get quickly
to the matters or issues wishing to be considerate. These aspects may represent a complete body of knowledge
and its environment. Talking about these aspects, there have been undoubtedly been someone who is
unprecedented and remains without peer and it span in multiple way which describes the pattern as such, I tried
to know all there was to know about the various things that could be known. As a financial adept who not only
questioned the various things around me but I actually sought the answers to the queries.

It comprises of the following components:

Domain

Disciplines: Accountancy, Administration, Analytics, Business, Commerce, Economics, Enterprise, Finance,

Governance, Law, Management, Marketing, Mathematics, Statistics, Technology and Trade.

Fields: Banking, Insurance, Investment, Offshore and FinTech.

Studies

Banking and Financial Services Course (BFSC)

Financial Services Employability Programme (FSEP)
Banking, Financial Services and Insurance (BFSI)
Banking and Financial Support Services (BFSS)
Banking and Financial General Services (BFGS)
Specialised Financial Services (SFS)
Financial Studies Outreach Initiative (FSOI)
Financial Outreach Programme (FOP)
Financial Services Youth Talent Competition (FSYTC)
Youth Financial Propeller Plan (YFPP)
Financial Support Program (FSP)

 Industry
Banking
Insurance
Investment
Offshore
FinTech
Accounting
Finance

Laws

Banking – Banking Act

Insurance – Insurance Act
Investment – Investment Promotion Act
Offshore – Offshore Business Activities Act
FinTech – Virtual Asset and Initial Token Offering Services Act

Bank of Mauritius – Bank of Mauritius (BOM) Act

Financial Services Commission – Financial Services Act
Stock Exchange of Mauritius – Stock Exchange Act/Securities Act

Finance – Finance Act

Financial Reporting – Financial Reporting Act
Corporate and Business – Companies Act & Business Registration Act
Enterprise – Small and Medium Enterprises Development Authority/Small and Medium Enterprises Act

Classification (Categories & Types)

This affiliation has been instrumental in bringing best international practices, standards and skills to the local
environment and has made foreign strong competitors to the still dominant Mauritian financial sector. The
financial industry are as follows:

·        The banking industry is divided into two distinct components: Conventional & Sustainable
·        The offshore industry is divided into two distinct components: GBC1 & GBC2
·        The investment industry is divided into two distinct components: Commodities & Securities
·        The insurance industry is divided into two distinct components: General & Long Term
·        The fintech industry is divided into two distinct components: Enablers & Challengers

Agencies/Representatives

·        Banking: Mauritius Bankers Association

·        Insurance: Insurers' Association of Mauritius
·        Investment: Board of Investment
·        Offshore: Association of Trust and Management Companies
·        FinTech: Mauritius Africa Fintech Hub (Mauritius Fintech Association)

Banking is the basis of the financial services sector while the financial services sector incorporates activities such
as investment, insurance, offshore, fintech, trade and start-up.
Components
Financial is an essential component for any firm or organization. Financial endeavours deal with the related
activities such as investing, saving, borrowing, forecasting, etc. and are among the most coveted and valuable
elements across the globe. A qualified financial official plays a big role in managing the fund of a company. They
are required in almost every industry domain no matter big or small.

There are a variety of options for financial matters to choose from depending on the specific financial
requirements, time frames and syllabus varies as there are scheduling options to meet the needs of every
circumstances. When it comes to endeavours in finance, there are myriad options that only increase as I gain
more expertise and experience – there are financial avenues located all over the globe to help me meet my
goals.

The qualifications help me to develop my knowledge and skills within the domain and excel in my role.

Unit 1: Financial Training Package

An excellent way of gaining mastery. It offers the broadest and most comprehensive insights into the
financial world. Similar to getting into any calling, there are some prerequisites that will go a long way to
ensuring I have the advantage and build a career.

Generally recognised training for financial is delivered under the Financial Services Training Package which
consist of the following components:

§  Banking and Financial Services course

§  Financial Services Employability programme

Developed by the industry standard, they form a comprehensive quality assurance framework with both an
accreditation and a certification system. A career in financial services provides me with opportunities seeking a
rewarding and enriching journey.

The financial services industry has been through significant changes over the past decade, following extensive
regulatory reform on a global scale and the emergence of new technologies in the sector. As these trends are set
to continue, the financial services training package will play an important role in ensuring my skills are kept up to
date and as a professional I am well equipped to move between roles as this industry adapts to these changes.
The financial services training package plays an important role in the endeavour of finance as required to work in
the financial services sector and provide advice on products and services to cater to growing consumer diversity.
The financial services training package reflect the skills and knowledge required to meet industry roles and meet
regulatory requirements. It covers various aspects and roles in the industry.

It covers fundamental required to work in the financial services industry and underpins in all sectors of the
industry. It has application to the financial services sector and is applicable to me as an individual within an
enterprise and roles subject to licensing, legislative, regulatory or certification requirements.

It works effectively in the financial services industry. As, it describes the performance outcomes, skills,
knowledge required to correctly interpret also apply to this industry or organisation procedures, guidelines,
policies, ethical standards and sustainability requirements to day-to-day work in the financial services industry.

The financial services industry encompasses a broad range of individuals and organisations involved in various
activities. Furthermore, the financial services industry is diverse and covers a wide range of financial products
and services. Financial services include providing financial advice and dealing with or selling a financial product.

Unit 2: Financial Toolkit Package

Innovative ways for finance to impact individuals.

A comprehensive learning program that provides basic information and tools to help individuals manage
their finances and gain the confidence they need to make better financial decisions. Financing the
journey to sustainable development.

A toolkit or guide in the form of a series of separate modules grouped progressively into various levels of training
for delivery as workshops. The guide is flexible to allow combining of modules of different levels within a face-to-
face workshop & may be adapted to other delivery mediums. The financial toolkit package is designed to fill a
training gap & supplement other training offerings developed to improve the knowledge and skills of individuals
across a range of industries, markets and countries.
The financial toolkit package provides with the methodological guidance, evidence and assessment tools to
implement a flexible approach to transition finance in the programmes. The content of the toolkit seeks to foster
transparency and facilitate co-ordination among all development stakeholders. It covers a particular financial
issue or topic. Topics are designed to expand on prior topics or branch across the spectrum of new financial
topics of relevance and interest to individuals. The toolkit may be useful to:

·       Individuals seeking information about documentation and financial records that are required and /or will
assist them to manage their endeavours.
·        Individuals in need of guidance on financial systems to manage their affairs, including record keeping,
working capital, cash flow and forecasting.
·        Individuals seeking to expand the use of financial information generated by their systems, but not knowing
what information is available, where to find it and how to best use it.

The financial toolkit package is the future of finance which consists of the following:

·        Financial Algorithm
·        Financial Automation
·        Artificial Intelligence

The financial toolkit package help individuals better understand, anticipate and respond to the financing
challenges faced by them at each stage of their development. It also aims to optimise their access to financing in
order to reap the full potential of the emerging opportunities. A combination of awareness, knowledge, skill,
attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial
wellbeing. They represent good practice in financial literacy and financial inclusion measurement.

One of the most important things is the tools to be able to help individuals. Once it has solved their urgent issues,
many of the individuals will need to plan for the different financial life and build substantially different financial
habits. A sound financial plan, built over time and reflective of the individual own personal short and long-term
goals, is a great way to become financially empowered. Taking an accurate and complete picture of where the
individual is now, determining where the individual want to go, and taking steps to get there. In addition to
financial toolkit package tailored to address the needs for specific life transitions.
§  Banking and Financial Services Course by Université des Mascareignes (UdM)

It's understandable that people often use the terms "bank" and "financial services" interchangeably. Though there
is some legitimacy to this practice, there are some important distinctions that differentiate the two.

Banking is a subset of the financial services sector, although not all bank services are strictly defined as financial
services. To fully understand the difference between a financial services institution and a bank, or a financial
service and a banking service, one may want to think of the distinction between the provision of a good and the
intermediation of a service.

Rich in history and ancestral lineage, the Mauritius banking sector has been at the service of the economy since
decades. Banking is an institution which generally accepts different types of deposits for various deposits. Thus,
a bank helps to channelize funds or resources, that is, capital from one source to another source. Banks may
operate in different forms. In all societies, activities operate on the basis of the existence of effective banking. In
fact, great development in the function of banks have help activities to expand considerably over the years.
Banking sector provides all services of a universal entity within a diversified business model.

While financial service or solution is a temporary task rather than a tangible asset. Besides, the financial services
sector incorporates investments, insurance, the redistribution of risk and other financial activities.

§  Financial Services Employability Programme by Financial Services Institute (FSI)

The standard or echelons of the financial world, that is, also conglomerate somehow.

§  Financial Services
§  Financial Technology
§  Financial Services and Technology (FST)

By employability, it refers to the elements or factors that make the individual able to gain and maintain scenarios
of being capable of getting and completing endeavours. It is also having a set of knowledge and skills that make
a person more likely to secure endeavours on which they can attain excellence. The matters span from the
endeavour as the concepts which is extensional as it covers many factors that stresses the role of components to
mean all that combined. It allows to explore and apply the essential qualities like mind-set or focus in various
endeavours by developing principles and procedures. It helps to raise the employability skills and knowledge.
Besides to secure employment in the financial services sector with the employability skills and on-the-job
experiences as well as a qualification match.