allfinanzn.
/ˌɔːlˈfʌɪnans/, /ˈalfɪnants/, U.S. /ˌɔlˈfaɪnæns/, /ˌɑlˈfaɪnæns/, /ˈælfɪˌnænts/ 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. Frequently attributive.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.
ΚΠ
1988 Financial Times 14/4 20 July 14/5 Allianz's only concession to the concept of Allfinanz is to broaden its range of investment funds.
1989 Banker 1 May 23/1 West Germany's other ‘universal’ banks are adding to their ‘productive capacity’ by joining the trend towards Allfinanz—the provision of an all-inclusive range of personal and corporate financial services.
1992 Economist 2 May (Survey World Banking Suppl.) 42/2 Asset management and other Allfinanz products spare bank capital and generate lovely fee income.
2002 L. D. Spajić Financial Intermediation in Europe 57 Allfinanz and bancassurance are seen as important strategies in relation to banks' market positioning, enhancing cross-selling opportunities.
2005 Weekend Austral. (Nexis) 27 Aug. 33 Suncorp bills itself as an allfinanz company, and..this was paying dividends among small and medium-sized businesses that wanted all their financial affairs with one firm.
This is a new entry (OED Third Edition, September 2012; most recently modified version published online December 2021).
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n.1988