Digital Banking Revolution (eBook)
138 Seiten
De Gruyter (Verlag)
978-1-5474-0161-1 (ISBN)
Emergent innovative financial technologies are profoundly changing the way in which we spend, move and manage our money, unlike ever before, and traditional retail banks are facing stiff competition. The global financial crisis in 2007-2009 led to large losses, and even the collapse of a significant number of established banks shaking the trust of financial customers worldwide. The Digital Banking Revolution is an insightful look at how financial technology and the rapid rise of financial technology companies have brought welcome changes offering flexibility to the banking industry.
The book offers a unique perspective on the consumerization of retail banking services. It delves into the many changes that financial innovations have brought about in banking, the main financial disruptors, the new era of 'banking on the go,' and financial innovations from countries around the world before concluding with a discussion on the future of banking including optimizing structures, new strategies for business outcomes, and human resources in the digital era.
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 first member-owned fintech innovation ecosystem; and as a speaker for the Silicon Valley Innovation Center.
Emergent innovative financial technologies are profoundly changing the way in which we spend, move and manage our money, unlike ever before, and traditional retail banks are facing stiff competition. The global financial crisis in 2007-2009 led to large losses, and even the collapse of a significant number of established banks shaking the trust of financial customers worldwide. The Digital Banking Revolution is an insightful look at how financial technology and the rapid rise of financial technology companies have brought welcome changes offering flexibility to the banking industry. The book offers a unique perspective on the consumerization of retail banking services. It delves into the many changes that financial innovations have brought about in banking, the main financial disruptors, the new era of "e;banking on the go,"e; and financial innovations from countries around the world before concluding with a discussion on the future of banking including optimizing structures, new strategies for business outcomes, and human resources in the digital era.
lt;p> 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 first member-owned fintech innovation ecosystem; and as a speaker for the Silicon Valley Innovation Center.
Introduction
1. Overview
The past provides lessons
Brief history of banking
Banking in the modern era
Select major international events in banking history
An imperfect system – Financial crises
The financial crisis of 2007–09
Financial innovation and complexity
Regulatory overhaul
A new potential role
2. Rapid transformation
The customer shift
Fintech ‑ overview
Fintech ‑ outlook
The financial disruptors
PayPal
Square
Amazon
Skrill
TransferWise
Alibaba
Bitcoin
3. The digital financial revolution
Specific changes which redefined a banking model
Loss of customer trust
Better service experience
The millennials have arrived
Mass adoption of smartphones
Regulation for the financial consumer
More efficient financial services
Economics 101 - supply and demand
An industry transformed
4. A new era of banking
The rise of digital banking firms
Banking on the go
Contactless cards
Check imaging technology
Could social media shape the industry?
The world of FinTech wearables
Notable financial innovators
Paym
Midata
Are bank branches disappearing?
Unlocking data for customers
From incremental change to total reinvention
5. Financial innovations from around the world
Global FinTech
Australia
Turkey
Iceland
New Zealand
Norway and Sweden
Asia region
Africa
The Republic of Ireland
Poland
United States
6. A digital blueprint for banks
Digital banking value?
Maximize use of existing technology
Apply minor technology interventions
Identified areas for sweeping transformation
Cross-Selling in the Digital Era
Human resources in the digital era
Optimizing structure and incentives
Emphasis on business outcomes
Devise a new strategy for staff
7. The future of banking
References
lt;P>"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 behaviours 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.
| Erscheint lt. Verlag | 2.12.2019 |
|---|---|
| Zusatzinfo | 20 b/w ill., 10 b/w tbl. |
| Verlagsort | Boston |
| Sprache | englisch |
| Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Wirtschaft |
| Recht / Steuern ► Wirtschaftsrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Schlagworte | Digital Banking • Digital transformation • Distruption • FinTech • Governance • Millenials • Online Banking • Retail Banking |
| ISBN-10 | 1-5474-0161-3 / 1547401613 |
| ISBN-13 | 978-1-5474-0161-1 / 9781547401611 |
| Haben Sie eine Frage zum Produkt? |
EPUB (Wasserzeichen)Größe: 3,8 MB
DRM: Digitales Wasserzeichen
Dieses eBook enthält ein digitales Wasserzeichen und ist damit für Sie personalisiert. Bei einer missbräuchlichen Weitergabe des eBooks an Dritte ist eine Rückverfolgung an die Quelle möglich.
Dateiformat: EPUB (Electronic Publication)
EPUB ist ein offener Standard für eBooks und eignet sich besonders zur Darstellung von Belletristik und Sachbüchern. Der Fließtext wird dynamisch an die Display- und Schriftgröße angepasst. Auch für mobile Lesegeräte ist EPUB daher gut geeignet.
Systemvoraussetzungen:
PC/Mac: Mit einem PC oder Mac können Sie dieses eBook lesen. Sie benötigen dafür die kostenlose Software Adobe Digital Editions.
eReader: Dieses eBook kann mit (fast) allen eBook-Readern gelesen werden. Mit dem amazon-Kindle ist es aber nicht kompatibel.
Smartphone/Tablet: Egal ob Apple oder Android, dieses eBook können Sie lesen. Sie benötigen dafür eine kostenlose App.
Geräteliste und zusätzliche Hinweise
Buying eBooks from abroad
For tax law reasons we can sell eBooks just within Germany and Switzerland. Regrettably we cannot fulfill eBook-orders from other countries.
aus dem Bereich
