When different financial service providers offer a similar range of services including banking,insurance and securities services,it is known as:

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When financial service providers offer a similar range of services including banking, insurance, and securities services, it is known as convergence. This is the merging or blending of different financial services into one entity, allowing for greater efficiency and convenience for customers. Consolidation refers to the process of merging or acquiring other companies, economies of scale refer to the cost advantages that come with an increase in production or output, and de-efficiencies is not a commonly used term in finance.

When Different Financial Service Providers Offer a Similar Range of Services