The Digital Banking Revolution: How financial technology companies are rapidly transforming the traditional retail banking industry through disruptive innovation.

The Digital Banking Revolution: How financial technology companies are rapidly transforming the traditional retail banking industry through disruptive innovation.
By Luigi Wewege

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Product Description

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.

Product Details

  • Amazon Sales Rank: #586654 in Books
  • Published on: 2016-12-20
  • Original language: English
  • Dimensions: 9.00" h x .37" w x 6.00" l,
  • Binding: Paperback
  • 164 pages

Editorial Reviews

"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 recognizing these threats they can now go on the offensive by developing innovative technologies of their own."

Reginald D. Jele
Chief of Staff to the Minister of Finance
Republic of South Africa

"The Digital Banking Revolution should be considered a survival guide for bank leaders, providing those in the industry with a strategic blueprint on how to adapt, evolve and succeed in this digital age."

G. Paul Warner
Former Private Bank Director
National Australia Bank

"The Digital Banking Revolution is an insightful look at how financial technology has brought welcome changes to the banking industry. This is essential reading not only for the next generation of retail bank customers, but also for those who want to fully understand how financial services will be conducted going forward."

Thomas J. O'Rourke
Assistant Director, Banking
The Bermuda Monetary Authority

"The Digital Banking Revolution is an absolute must read for those who wish to gain a deeper understanding of how innovative technologies are shaping the future of financial services."

Boris Simic
Senior Manager - Business & Financial Strategy
Klarna Inc.

Top book recommendations by: Elizabeth Bourgeret, GoodKindles, My Book Place, Book Worm Club, and James Livingood of Columbus Friends.

From the Author
Dedication - This book is dedicated to my amazing parents, Desmond and Loretta, without whom none of my success would have been possible!

From the Inside Flap
ISBN 978-1541017191 | All rights reserved. | 

No part of this publication may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the author.The author has endeavored to ensure that all the information is correct at the time of writing. The author does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from negligence, accident, or other cause.

For any comments, suggestions or feedback, please contact the author at:

Customer Reviews

Most helpful customer reviews

1 of 1 people found the following review helpful.
5A comprehensive guide to Digital Banking world
By Sammy
A Masterpiece book of Digital Banking Revolution with excellent insight into how the financial services landscape is evolving, with the new 'fintech' players challenging traditional banks to transformational changes of retail banks worldwide.

The author focus lot's of case studies, written in a very good structure that could make readers understand the very reason why digital banking is a do-or-die time for Banks. It's a must read book for all new banker and anyone working with the financial services industry.

1 of 2 people found the following review helpful.
5Very Enlightening Book
By Suzie Housley
THE DIGITIAL BANKING REVOLUTION is a fascinating book. I found myself so intrigued by learning the history of how the banks have evolved throughout the centuries. Through my own banking institute, I can relate to how I change my bank is implementing is leading me to a more digital banking environment. I feel the author has done a tremendous job in his research of this topic.

Luigi Wewege is an outstanding author. Through his creation of this book, he has offered the reader an up close and personal look into the history of the banking financial system. This book was an eye opening experience at how the digital age is quickly taking over the financial sector of the world. I highly recommend this book for its uniqueness and

2 of 3 people found the following review helpful.
5How the Digital Banking Revolution is changing the financial world
By vermont reviewer
Luigi Wewege shows his readers that the way to stay current with financial technology has companies transforming the traditional banking industry through disruptive innovation. His well researched book will open your eyes to how banks are faring with increased competition from the advances in digital competition. The information that the banking leaders need for today's market will be found within this book. The global financial crisis of 2007-2009 caused the collapse of many well established banks. Technology is changing at a rapid rate the way that finances are being handled. The millennial generation will soon have the largest purchasing power of any generation in history. Remember it took Google only 18 months to erase 85% market share with the launch of Google maps. Paypal has over 173 million customers. The emergence of mobile apps has completely revolutionized the way in which financial customers can interact with their respective banks. One of my favorite lines from the book. “In a digital world, winning and retaining customers hinges on creating value for them that enhances the convenience and quality of their everyday lives beyond mere financial transactions.” I found the book to be very informative and well written. I have rated this book a solid 5 stars. I look forward to reading more works by Luigi Wewege.

See all 4 customer reviews...

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