financial services disruption by tom loverro at rre ventures
Post on 02-Jul-2015
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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.
Banking is Under A7ack
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%
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40%
50%
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100%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
% o
f Bad
s C
aptu
red
Decline Rate (% of Applicants Declined)
OnDeck score
FICO
Random
1
Algorithms Win
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