Level 1 CFA® Exam:
Fintech & Big Data - Introduction

Last updated: October 28, 2022

Fintech in Your Level 1 CFA Exam

  star content check off when done

Fintech is a technological innovation related to services and products provided by the financial industry. Fintech impacts both the design and delivery of financial products and services.

Fintech areas of interest:

  • analysis of large data sets,
  • developing new analytical tools,
  • automated trading,
  • robo-advisers,
  • financial record keeping.

Big Data for Level 1 CFA Candidates

  star content check off when done

Big Data includes datasets characterized by:

  • a very large volume,
  • real-time velocity, and
  • high variety.

Sources of Big Data:

  • financial markets,
  • businesses,
  • governments,
  • individuals,
  • sensors,
  • Internet of Things (aka. IoT).

2 types of data sources:

  • traditional,
  • alternative.

Examples of traditional sources of data:

  • companies,
  • stock exchanges,
  • governments,
  • central banks, etc.

Examples of alternative (non-traditional) sources of data:

  • social media,
  • sensors,
  • IoT.

(...)

Level 1 CFA Exam Takeaways: Fintech & Big Data - Introduction

  star content check off when done
  1. Fintech is a technological innovation related to services and products provided by the financial industry.
  2. Big Data includes datasets characterized by a very large volume, real-time velocity, and high variety.