At a time when everyone is wondering whether there is still innovation to develop new products and services, Fintech appears on the horizon as the great trend to follow. A movement where a lot of small companies want to change the way we understand financial services by using technology.
We are often told that Big Data analysis uncovers contingent truths. Said truths help companies to make decisions, even in real time, to help drive efficiency and act coherently with their objectives. However, any algorithm "worth its salt", in the words of Álvaro Bedoya, Director of the Centre on Privacy and Technology at Georgetown University, will harness machine learning to absorb intangible standards that form the backbone of many world views, i.e. prejudices.
Some years ago it was not common for a company funded with capital to be valued at over 1 billion dollars. The few technology- based startups that exceed this value without going public began to be called “unicorns”, becoming part of a select list.