In the last thirty years, the financial services industry has been radically transformed by computers and more recently, by the Internet. The traditional products on which the industry was based, insurance and investments, have evolved into a panoply of complex offerings described in great detail either by thick prospectuses or weighty regulatory documents, indicative of the risks faced by consumers. Since they are uniquely numbers-based, financial products and services attract quantitative analyses.  Modeling and re-design bring new iterations. (more…)