7 Benefits: Why financial service providers are taking to social media
Financial organisations have traditionally shied away from using social media to connect with customers. In such a regulated market, who could blames them? And who’d want to ‘engage’ with their bank anyway?
As ever, things aren’t quite that simple. The under 24s prefer to sort their customer service issues out over social media, and research has shown that people want to interact with brands – including their banks, it would seem – on social networks. As a result, a number of banks and financial organisations have started to develop their social media presences to service this increasing demand for social interaction – and they can do this well within regulations. As we’ve seen with that resignation letter from Goldman Sachs, having no or little social media presence yourself doesn’t stop your customers, employees and potential recruits using Facebook and Twitter to talk about you. Read more »

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