Luigi Wewege is the Senior Vice President of Caye International Bank, a FinTech School Instructor and Published author of The Digital Banking Revolution.
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.
Personal biography - continued
Previously Luigi was the CEO of Vivier & Co a boutique financial services firm, the Commercial Manager of publicly listed Investment Research Group a financial advisory company where he led their media division, and was a Senior Consultant at The Braintrust Network which was a Central Europe based management consultancy. Notably, while Luigi was completing his undergraduate degree he executed a pilot study for the Federal Trade Commission during one of the most serious financial times for the American economy. The primary focus of the study was to examine and determine the accuracy of credit bureau information, with the research he conducted ultimately providing the impetus for a report which was presented before the United States Congress under Section 319 of the Fair and Accurate Credit Transactions Act of 2003.
Luigi holds a Master of Business Administration with a major in international business from the MIB School of Management. He also holds a Bachelor of Science in Business Administration with a triple major in finance, international business and management - cum laude from the University of Missouri-St. Louis. Whilst at university Luigi was a multiple recipient of the Dean’s list, Coaches and Athletic Director honor rolls, as well as being a recipient of the Great Lakes Valley Conference Academic All-Conference honors. Other academic achievements for him include: being formally inducted into the
Financial Management Association - National Honor Society, and the Epsilon Eta Pi - International Business Honor Society. More recently, he was the honored recipient of the Salute to Business Achievement Award which recognizes outstanding UMSL business alumni.
One of Luigi’s passions is to create development opportunities that empower young people to create positive change, and this has led him to starting his own Foundation which provides an annual academic scholarship to a deserving American student. Previously he served as a Director and Trustee of Doing Good Fellows a pioneering non-profit which uses technology to facilitate an ecosystem where accomplished professionals use their skills, and networks to deliver global social impact. Luigi is also the past President of Junior Chamber International (JCI) - Metro, which is a worldwide youth service organization with members in over 120 countries, and consultative status with the Council of Europe, the United Nations and UNESCO. The primary focus of Luigi’s presidency was to create innovative fundraising initiatives to assist JCI’s partnership with the United Nations Foundation and Nothing But Nets campaign, which helps prevent malaria deaths by purchasing, distributing and teaching the proper use of mosquito bed nets throughout Southern Africa.
Outside of work Luigi enjoys participating in a variety of sports, and has competed in several at a high level. Select athletic achievements for him include: being a former national junior champion in swimming, and a National Collegiate Athletic Association golfer on university scholarship. For more information about Luigi, please visit his personal website here: www.luigiwewege.com.
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.