If you’re like many people, you might not think much about data science or fintech. Perhaps you haven’t even heard of them, yet they are active behind the scenes in many of your financial transactions. Therefore, it is beneficial to have at least a basic knowledge of the nature of data science and fintech and how they affect your life.

Data Science

Data science is all about gathering, processing, communicating, analyzing, storing and safeguarding data, and data is everywhere these days. Those who work with data are always seeking better ways to acquire it, report it, classify it, find meaningful patterns within it and secure it. These activities, indeed, are at the heart of data science, and there is no doubt about their importance. You likely create data in many ways every day, so you have a vested interest in the field of data science even if you have never …

As an individual borrower, the rate of interest plays a significant role in determining the tenure and loan amount you wish to borrow. This is because the interest rate is a kind of fee that you pay on borrowed money, which is expressed as a percentage of the total loan amount. Typically, we base our spending on the interest obligation we would have to bear.

Similarly, there is a crucial relationship between the stock market and interest rates. Understanding this can help you to know how interest rate changes can affect your life and thus help you to make smart investment decisions.

In the short run, the sudden rise of interest rate can impact organisations that have high debt in their balance sheets. As the interest rate rises, it further reduces the companies Earnings Per Share (EPS). This can cause a negative sentiment on such stock that can influence a …