There are still deposits, there is still credit or lending, and there are still investments, personal investments, personal finances, and so forth. These financial products have been in existence for a very long time. What has changed is the delivery of these products – channels of delivery, speed of delivery and price of these products. We often hear that these changes are disruptive.
To take an example from the world of banking, in which the discipline of risk management is relatively well developed, a fair value report might say that the value of a loan portfolio is $ million and has dropped $ million from the previous report.