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

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

List Price: $52.11
Price: $40.58 Details

Availability: Usually ships in 24 hours
Ships from and sold by

12 new or used available from $40.58

Average customer review:
(1 customer reviews)

Product Description

For many years, retail banks have been secure, highly profitable businesses. However, recent industry disruption has come knocking at the door of these financial giants. The turning point was the global financial crisis experienced between the years 2007 and 2009 which not only led to large losses, and even the collapse of a significant number of established banks, but has shaken the trust of financial customers worldwide to their core. These factors, combined with the fact that banking has been relatively undisturbed for centuries, meant it was time for change, and that change has been the rapid rise of financial technology companies. Emergent innovative financial technologies are profoundly changing the way in which we spend, move and manage our money, unlike ever before. The digital transformation and its pace of change have been truly astounding, dramatically shifting customer behaviors and expectations of their financial service provider. Retail banks must now become positioned to fulfill their customers’ every financial need, especially as the millennial generation is poised to soon command the largest purchasing power of any age group, and banks will need to become cognizant of this generation for a multitude of reasons.

Product Details

  • Amazon Sales Rank: #2357460 in Books
  • Published on: 2017-05-26
  • Original language: English
  • Dimensions: 9.00" h x .48" w x 6.00" l,
  • Binding: Paperback
  • 204 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.

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
A large portion of the proceeds from the sale of this book
will go towards funding the Luigi Wewege Foundation, which
provides an annual academic scholarship to a deserving
American student. For more information, please visit:
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 from the author.
For any comments, suggestions or feedback, please contact the
author via:

Customer Reviews

Most helpful customer reviews

0 of 0 people found the following review helpful.
4A useful executive summary (or survey) of digital transformation and FinTech
By Horace
I accidentally purchased, read, and took notes on the first edition when this revision was already available. My fault, but it has helped me see that some valuable detail was added to this second version.

There are a number of introductory books out there, and I think that this is a good one for banking managers and executives, provided it is read as an executive *summary* of the digital banking / FinTech space. It is a good survey of recent research and news in the field, combined with some pointed advice. In particular the author emphasises the digital banking space as a collection of capabilities -- without getting around to using the "value chain" terminology prevalent in other summaries -- each of which is a target for digital transformation. My wish here is that the author could have done with fewer diagrams taken from the Financial Brand web site (or even the extended historical summary which, despite the author's assurances, really don't add to the following discussion) and created his own process diagram, giving some idea of that overall front-to-bank [or value-chain] banking model.

Perhaps those deeper into technology will prefer "The FINTECH Book", despite plugs from its contributors for their consulting services, but I would recommend this executive summary/survey over the wider-ranging, more populist works out there.

This text will serve as a good beginning, and the copious citations can be followed for greater investigation of the various sub-topics.

Just one quibble: I'm not sure if this work was self-published or used a publishing service, but it really could use a professional copy editor. Punctuation, particularly with regard to liberally-sprinkled and unnecessary commas, is not standard, and the intrusions break the flow of generally well-written prose (although even here some editing is required). I copied and pasted four paragraphs into, for example, and the resulting recommendations made the text far more fluid to follow at first reading. But as useful as on-line services can be, there are PLENTY of copy editors out there who need the work and who would be able to whip the text into better shape for a no-doubt reasonable fee. Good ideas deserve the clearest exposition possible.

See all 1 customer reviews...

Connect with defaultLogic
What We've Done
Led Digital Marketing Efforts of Top 500 e-Retailers.
Worked with Top Brands at Leading Agencies.
Successfully Managed Over $50 million in Digital Ad Spend.
Developed Strategies and Processes that Enabled Brands to Grow During an Economic Downturn.
Taught Advanced Internet Marketing Strategies at the graduate level.

Manage research, learning and skills at defaultLogic. Create an account using LinkedIn or facebook to manage and organize your IT knowledge. defaultLogic works like a shopping cart for information -- helping you to save, discuss and share.

  Contact Us