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Thomas	
  Loverro	
  
@tomloverro	
  
Trends	
  in	
  Financial	
  Services	
  
Note:	
  Slides	
  excerpted	
  from	
  a	...
Banking	
  is	
  Under	
  A7ack	
  
Algorithms	
  are	
  Replacing	
  People	
  
Across	
  Financial	
  Services	
  
Financial	
  Product	
   1.0	
   2.0	
  
Banking	
   Teller	
   Algorithm	
  
Hedge	
  Funds	
   Trader	
   Algorithm	
  
...
0%
10%
20%
30%
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50%
60%
70%
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90%
100%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
%ofBadsCaptured
Decline Rate (% of...
Financial Services Disruption by Tom Loverro at RRE Ventures
Financial Services Disruption by Tom Loverro at RRE Ventures
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Financial Services Disruption by Tom Loverro at RRE Ventures

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.

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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