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Financial Services Disruption by Tom Loverro at RRE Ventures

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The financial services industry is influx. Banks are being disrupted in both consumer and business services, while algorithms continue to replace people across the financial services industry creating opportunities for new entrants.

Published in: Technology

Financial Services Disruption by Tom Loverro at RRE Ventures

  1. 1. Thomas  Loverro   @tomloverro   Trends  in  Financial  Services   Note:  Slides  excerpted  from  a  presenta4on  to  the  Life  Insurance  industry.   Examples  are  meant  to  be  illustra4ve  not  comprehensive.  
  2. 2. Banking  is  Under  A7ack  
  3. 3. Algorithms  are  Replacing  People   Across  Financial  Services  
  4. 4. Financial  Product   1.0   2.0   Banking   Teller   Algorithm   Hedge  Funds   Trader   Algorithm   Insurance   Underwriter   ?   Lending   Underwriter   Algorithm   Mutual  Funds   PM   Algorithm   Wealth   Advisor   Algorithm   VC  /  PE   Investor   ?  
  5. 5. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% %ofBadsCaptured Decline Rate (% of Applicants Declined) OnDeck  score   FICO   Random   1 Algorithms  Win  

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