& data science.
In today’s society every day enormous amounts of (big) data are generated and stored and these data can contain a lot of interesting information. One of the industries this applies to is finance. Each day millions of people and companies purchase goods in shops all around the world (both in person as online) and they arrange almost all their financial affairs online. To make this all possible a lot of technical improvements have been made in the past. These technical improvements within the financial industry are often referred to as Fintech. Fintech is a terminology that is used to describe new tech that seeks to improve and automate the use of financial services. A staple within the Fintech domain is the usage of different data science techniques. In this article we will discuss different areas within the finance industry where the usage of data science techniques can shine.