The finance and insurance industries drive economic growth and investment by focusing on the fundamental needs of corporations and individuals to save money, borrow money and insure assets. Powered by massive amounts of data, the industry was revolutionized by technological advancements. In the late 1990s, the industry was transformed by partial deregulation and the repeal of the Glass-Steagall Act which ended the 66-year ban on mixing banking with securities or insurance businesses. The result was increased product diversification and competition that culminated in several mega-consolidations. Today, the industry continues to adapt to the effects of this landmark appeal.