Gary Lewis Evans BIO

        

Highlights BIO - Path to Metaverse

Gary Lewis Evans, banker since 1971, Internet banking pioneer in 1994, CO-authored the first book published by McGraw-Hill Irwin on Internet finance and is a founder & CEO of DFIN. Founded in 1996, DFIN is one of the first FinTech development companies. DFIN is currently focused on Web 3, DeFi, digital real estate and the Metaverse. DFIN led to Evans founding and becoming CEO, of Bank of Internet, one of the first challenger internet-only banks in 2000. BofI is arguably the most successful Internet or challenger bank in the world (now renamed Axos Bank in 2018 (AX)). Gary led Bank of Internet to a successful IPO on NASDAQ in 2005.

The banking profession Gary entered in 1971 relied on ten-key adding machines and manual processes to calculate interest. Operating systems were equally unsophisticated, but the rapidly changing world of technology was emerging with profound implications for every aspect of life, personal and professional. Evans learned the banking business well, with a demonstrated track record of profitability, and has been at the forefront of applying advances in technology to consumer banking profitably since 1991.

Today, in addition to a digital finance focus, he is a Director of CyberCatch, a new Cyber Security Training and compliance company that helps companies achieve DOJ regulatory compliance with an initial focus on the Defense Industry.

His banking and technology experience is a force to be reckoned with, standing at the cusp of a wholesale transformation in the structure of consumer banking as a virtual tsunami of technological change erodes away the traditional consumer banking system.

By inclination, education and expertise Evans is uniquely qualified to be among the leaders of these digital-based changes and DeFi. In terms of expertise, he has learned every operational, tactical and strategic element critical to managing consumer banking businesses in the course of becoming a bank’s CFO, CCO, COO and ultimately CEO. His is a record of demonstrated bank profitability throughout economic and interest rate cycles during several extremely challenging times. To assess Evans’ inclination toward the use of technology, one only needs a two-minute conversation with him to realize he is a missionary, a spokesman, and a good-will ambassador for technological change in society generally and banking specifically.

Digital Banking

Gary Lewis Evans’ internet-based banking professional career consists of three phases: Since the early 1990’s the first two phases of his work have had a significant impact on the structure and value of the consumer banking system. Looking ahead to the third phase, Evans is consolidating and harnessing the power of technology to revolutionize the business. In brief:

Phase1— As President of the traditional bank, La Jolla Bank, Evans opened an internet branch, thereby pioneering internet banking in 1994. (Challenger Bank phase)

Phase 2—  Evans took internet banking to the next level. He was the initial founder and Chief Executive Officer of a pure-play internet bank, Bank of Internet USA (BofI), which opened on July 4, 2000 (and became Axos Bank in 2018). BofI has always been the best performing internet bank and one of the best performing banks among all banks. (Neobank phase)

Phase 3— Evans is creating a new banker-inspired DeFi system featuring major innovations driven by Blockchain technology. Key initiatives include a merchant-sponsored consumer bank, a new merchant owned mobile payment network and a hybrid blockchain clearinghouse (the first new clearinghouse since ACH was adopted in 1974)