What is the job of financial intermediary?

[Good-Person]

Financial intermediary are the kind of entities that may connect clients with investors. These entities could be any kind of financial organisations. Moreover, even a single person could also act as a financial intermediary as well. So, what are some examples of financial intermediary and what is their job?

 

[Debashis]

Some examples of financial intermediaries are banks, insurance companies, and mutual funds. Their job is to act as intermediaries between lenders and borrowers, helping to facilitate the flow of funds in the financial system. They gather funds from savers and provide them to borrowers, earning profits through interest rates, fees, and commissions.