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.

Technologie

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.

Algorithms
are
Replacing
People

Across
Financial
Services

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
?

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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Financial Services Disruption by Tom Loverro at RRE Ventures

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. Banking is Under A7ack

5. Algorithms are Replacing People Across Financial Services

6. 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 ?

7. 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