Co-founder & Managing Partner at QED Investors
The industry was completely undifferentiated and lacked testing. Every bank offered the exact same product with no regard for customer risk profiles. High-risk customers were excluded, and low-risk customers were overcharged to subsidize others. This lack of risk-based pricing created a massive opportunity for an empirical, data-driven competitor.
This answer is part of a full interview with Nigel Morris, Co-founder & Managing Partner at QED Investors.
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