Roles, Use Cases, and Benefits of Data Science in FinTech

Emergingindiagroupp10 Feb, 2023Education

Financial technology, commonly referred to as “FinTech,” is one of the fastest-growing areas of technological innovation and is popular with venture capitalists. FinTech refers to a collection of technologies centred on the development of new consumer banking and financial service delivery methods. When you use PayPal, Google Pay, or your credit card to pay for an online purchase, you, the consumer, the e-commerce company, and the bank all use FinTech to complete the transaction. FinTech has evolved over time to disrupt nearly every aspect of financial services, including payments, investments, consumer finance, insurance, securities settlement, and cryptocurrencies, among others.