Luigi Wewege - Blog

“The Digital Banking Revolution captures the effects of disruption brought to the banking industry by emergent financial technology businesses. The author provides a fascinating examination of several companies who have recently developed new financial innovations and how they are demonstrably significant to the consumer.” Victor von Gierszewski Managing Director TNS Global “The Digital Banking Revolution is an informative read focused on the transformational changes facing traditional retail banks worldwide. It covers insightful well-researched analysis on: big data, customer engagement, disruptive technologies, mobile payments, and the changing financial behaviors of consumers, in particular millennials.” Michael A. C. Hart Chairman and CEO TPS Capital “The Digital Banking Revolution provides a unique take on the consumerization of retail banking services. It elucidates on how banks are facing increasing pressure from digital competitors, and how by recognizi...

How financial technology companies are rapidly transforming the traditional retail banking industry through disruptive innovation. Over the past decade financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. These new technological advancements have facilitated the rapid emergence of digital banking firms and FinTech companies, leading to established banks being forced to swiftly increase their pace of digital adoption to stay relevant and stop mass client attrition to these agile financial start-ups. These threats come at an inopportune time for banks due to mature markets currently experiencing stagnant growth. This coupled with decreasing profit margins due to the competitive pricing of new entrants, and financial customer loyalty becoming ever increasingly more tenuous.

Luigi Wewege  is the Senior Vice President of  Caye International Bank  headquartered in Central America, Principal of  Palmetto Global Ventures  a financial consultancy firm focused on digital banking and FinTech solutions, and serves as an Instructor at the  FinTech School  which provides online training courses on the latest technological and innovation developments within the financial services industry. Outside of his main roles Luigi additionally serves as a Mentor at  FinTech Go  a startup accelerator for financial technology companies, as a Team Member of the  FinTech Portfolio  the world's 1st member-owned FinTech innovation ecosystem, and as a speaker for the  Silicon Valley Innovation Center . Luigi is also the published author of:  The Digital Banking Revolution  which is available in audio, kindle and paperback formats throughout all major international online bookstores. Previously Luigi w...