Artificial Intelligence: the missing link between Big Data and FinTech

The Big Data movement is finally keeping up with its promise to bring us always more data about everything and everyone in our environment. At the same time, we learn that investment in FinTech has grown ten times over the last five years to reach US 19 billion (EUR 16.3 billion) in 2015. FinTech is a technology intensive industry. Globally the objective of FinTech can be set as "providing better and more efficient financial services than the banks with less expenses and especially less human means." However, if the goal is to provide services at a significantly lower cost than established players, FinTech requires high-end technology developments, making it a capital-intensive sector.