SIC Code 6021-01 - Banks

Marketing Level - SIC 6-Digit

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SIC Code 6021-01 Description (6-Digit)

Banks are financial institutions that provide a range of services to individuals, businesses, and governments. The primary function of banks is to accept deposits from customers and use those funds to make loans and investments. Banks also offer a variety of other services, including checking and savings accounts, credit cards, mortgages, and investment products. Banks play a crucial role in the economy by providing a source of credit and liquidity, facilitating transactions, and managing risk.

Hierarchy Navigation for SIC 6-Digit Code 6021-01

Parent Code (less specific)

Tools

  • Core banking systems
  • Customer relationship management (CRM) software
  • Loan origination systems
  • Antimoney laundering (AML) software
  • Fraud detection and prevention software
  • Risk management software
  • Payment processing systems
  • Mobile banking apps
  • Online banking platforms
  • Automated teller machines (ATMs)
  • Credit scoring models
  • Data analytics tools
  • Treasury management systems
  • Investment management software
  • Compliance management software
  • Document management systems
  • Electronic signature software
  • Cybersecurity tools
  • Business intelligence software

Industry Examples of Banks

  • Retail banking
  • Investment banking
  • Commercial banking
  • Private banking
  • Wealth management
  • Asset management
  • Mortgage banking
  • Credit unions
  • Online banks
  • Islamic banking

SIC Code 6021-01 - Banks

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