How did banks and Financing begin?

History of Finance

The way we understand Banks and financing now, it started in Italy in the 15th century. These Italian banks acted regionally and had strong ties to the Catholic Church, which meant that these banks were heavily influenced by religious ethics and morals.
Diverging happened between the 16th and the 17th century as regional banks became bigger they started adopting new financial practices they started promoting industrial growth by providing commercial businesses with cheaper debts this new technique accelerated economic growth