Data Science in Finance

Financial institutions are, and should continue to be, some of the biggest users of data. Risk management is a major concern for banks, fortunately data analysis can aid in this arduous process. Credit, market, regulatory and fraud risks can all be minimized by data science.

As technology advances in the field, a new wave of entrepreneurs seek to change the way banks utilize the data in a movement called FinTech. Growth in FinTech investment has tripled since 2008, creating even more opportunities for data science professionals.