social media in financial services

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© Visible Media Ltd 2011 / Visible-Banking.com Customer Experience Without Borders Social Media in Financial Services Globally – 09/06/2011

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In this presentation Christophe Langlois, advisor, speaker and blogger at Visible-Banking.com presented "Customer Experience Without Borders: a Practical Guide to Social Media in Financial Services". What is happening and what is successful in the online banking space, with regards to online customer experience, mobile and social.

TRANSCRIPT

Page 1: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Customer Experience Without BordersSocial Media in Financial Services

Globally – 09/06/2011

Page 2: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

http://bit.ly/VBBook

Page 3: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

700MFACEBOOK

300MTWITTER

How Much do You Know?

Page 4: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Voice Of the Customer

CGCCustomer-Generated-Content

The (Real) Voice Of the Customer

eReputation

UGCUser-Generated-Content

1. Noise2. Contributors

3. Response

4. Data

5. Action

Unstructure

d

?

Outreach?

Influencers?

2. Moderate

3. Analyse Transform

+ Tagging

4. Display Interactive

& Relevant

1. Capture Proactively

& Securely

Page 5: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Turn your Customers into Brand Ambassadors

ACCELERATE ADOPTIONINCREASE RETENTION

x32

+80%

INCREASE USAGE & ACQUISITION

Page 6: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

When Banking Takes on Retail

>90%UGC

Page 7: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Fully Leverage the Power of the Crowd

CHANGE BRAND PERCEPTION

2.9 (1.1) Million

IMPROVE EXISTING PRODUCTSCREATE PRODUCTS & SERVICES

263 (17) Ideas

Page 8: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Facebook Watch: Trends March 2010-2011

March 2010

Pages: 276Fans: 2,589,203Apps: 20

>1,000 (79). >5,000 (29), >20,000 (7), >100,000 (2)

Top 10

# Fans: 2,295,379 (88%)New Fans: 112

March 2011

Top 10

# Fans: 6,759,373 (64%)New Fans: 1,348

Pages: 626Fans: 10,411,227Apps: 75

>1,000 (296). >5,000 (136), >20,000 (54), >100,000 (18)

Source: http://Visible-Banking.com/VBFW

September 2010

Top 10

Pages: 428Fans: 4,787,405Apps: 37

>1,000 (170). >5,000 (65), >20,000 (23), >100,000 (4)

# Fans: 3,612,235 (75%)New Fans: 459

Page 9: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Activity?

13 Top Facebook Pages>100,000 Likes

Community: Size vs Engagement

192 Posts (4-56, 14), 114k likes (597), 17k comments (94), 15/5k, 23/57 (53% open wall)

Top Liked Top CommentedEngagement

23/57 15/5k

Page 10: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

Twitter Watch: Trends March 2010-2011

March 2010

Accounts: 970Followers: 446,598

>500 (221). >1,000 (88), >5,000 (7), >10,000 (2)Verified (-)

Top 10

New Followers: 15.3New Tweets: 8.1Following / Followers: 53.94%

September 2010

Accounts: 1,280Followers: 855,195

>500 (396). >1,000 (202), >5,000 (25), >10,000 (8)Verified (17)

Top 10

New Followers: 51New Tweets: 12Following / Followers: 37.80%

March 2011

Accounts: 1,346Followers: 1,473,517

>500 (515). >1,000 (293), >5,000 (44), >10,000 (21)Verified (33)

Top 10

New Followers: 87New Tweets: 17Following / Followers: 34.70%

Source: http://Visible-Banking.com/VBTW

Page 11: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

FOLLOWERS?

Know Your Followers/Fans

UK (60%) 9.7% 1,000+38.3% <50

TOTAL (100%) 9.1% 1,000+47.1% <50

@sexy_snake_ssss, @Gerard_Menvussa, @AngryHSBCClient, @madsxxx

Page 12: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

How Much Do You Know?

Page 13: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

A Pragmatic Approach to Social Media (SM)

1 LEARN & BENCHMARK

3 MINIMIZE YOUR RISK

BUILD YOUR SM PLATFORM5

PROMOTE YOUR SM PRESENCE6

2 YOUR CUSTOMERS FIRST!

7 CONTENT STRAT. + CALL2ACTION

8KNOW (KYF) & REWARD YOUR FOLLOWERS/FANS

11

LIVE & LEARN!

9 SET YOUR BUSINESS GOALS

10 GROW INTERNAL KNOWLEDGE

4 LISTEN + IDENTIFY + ENGAGE

Page 14: Social Media in Financial Services

© Visible Media Ltd 2011 / Visible-Banking.com

CX w/o BordersBook / e-Book

(>250 pages)

THANK YOU - 0044 7736 446 357 [email protected]

http://Visible-Banking.comUnderstand & Leverage Social Media

Advisor/ Speaker / Event Organizer

* 5 workshops in Europe & Asia* 100+ video interviews* 2,400+ initiatives tracked in 70 countries

#innovation #VOC #moderation #reward #KYF #facebook #twitter #foursquare #blogging #ROI #onlinecommunity #promotion #HR2.0 #PR2.0