Meaning of allfinanz in English:

allfinanz

Pronunciation /ˌɔːlˈfʌɪnans/ /ˈalfɪnants/

noun

  • Chiefly in the context of European banking: the business of providing a wide range of financial services across traditionally separate sectors, including banking, insurance, and investment; universal banking.

    A distinction is often made between allfinanz and bancassurance (which refers solely to the merging of banking services and insurance products) but the terms are sometimes used interchangeably.

Origin

1980s; earliest use found in Financial Times 14/4. From German Allfinanz from all + Finanz.