Future of TIAA | Quantumrun

Future of TIAA

TIAA, previously TIAA—CREF (Teachers Insurance and Annuity Association-College Retirement Equities Fund), is a financial services organization that is the top retirement provider of financial services for the medical, governmental, academic, research, and cultural industries. TIAA serves over 5 million active and retired employees participating at institutions.

Home Country: 
United States
Industry: 
Insurance - Life, Health (Mutual)
Industry vulnerability to disruption: 

<p>Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.<br />
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.<br />
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.<br />
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.<br />
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.</p>

Total patents held: 
3
Ranking List: 
172
Ranking List: 
Quantumrun Global 1000
116
Ranking List: 
Quantumrun US 500
Ranking List: 
Quantumrun Silicon Valley 100
Market Revenue Country: 
Prod/Serv name revenue: 
Founded: 
1918
Company Name: 
TIAA
Sector: 
Revenue: 
168800000
3y average revenue: 
159100000
Operating expenses: 
47100000
3y average expenses: 
46500000
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
12997
Number of domestic locations: 
60
Funds in reserve: 
104050998
create term: 
#172 | Quantumrun Global 1000
#116 | Quantumrun US 500

TIAA, previously TIAA—CREF (Teachers Insurance and Annuity Association-College Retirement Equities Fund), is a financial services organization that is the top retirement provider of financial services for the medical, governmental, academic, research, and cultural industries. TIAA serves over 5 million active and retired employees participating at institutions.

Home country:
United States
Sector:
Financials
Industry:
Insurance - Life, Health (Mutual)
Website:
Founded:
1918
Global employee count:
12,997

Financial Health

Revenue
$168,800,000 USD
3y average revenue
$159,100,000 USD
Operating expenses
$47,100,000 USD
3y average expenses
$46,500,000 USD
Funds in reserve
$104,050,998 USD

Innovation assets and Pipeline

Total patents held
3
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.