I hope you enjoyed watching my Visible Banking video presenting the key social media news during the first week of December. Today, I would like to share with you my pick for last week.
Social Media & Asset – Investment – Wealth Management
Last Tuesday I was in Edinburgh to deliver a client presentation on social media at a wellknown Asset Management firm. It made me investigate how the Asset Managers, the Financial Advisors, and the Investors are using social media today, and where the opportunity is for 2010.
I invite you to check a couple of my slides flagging innovative online initiatives from Schroders, Barclays, Axa Investment Managers orVanguard, as well as dynamic startups and online communities like zecco,advisortweets, socialpicks and stocktwits…
Innovation in Financial Services
On Wednesday Darren Armitage, Head of IT Innovation at HSBC, and I had a great conversation on social media in banking with the audience at Chris Skinner‘s financial services club “what’s innovative in banking?” event.
I love being challenged by passionate bankers. It is always a great opportunity to change people’s perception about social media and act as an eye opener. If you were attending on Wednesday night, please leave a comment!
Le Web in Paris, the #1 European Internet Event
Those two commitments made me pass on the opportunity to live blog from the excellent “Le Web” conference in Paris organized by one of the most wellknown Frenchman in the online space, Loic Le meur Founder of Seesmic.
This year, Le Web 3 attracted 2,400 bloggers and social media enthusiasts from 50 countries. What an achievement. Felicitations Loic!
#1 Guest Post on Visible Banking
Last week, I published the first ever guest blog on Visible Banking:Overview of Social Media & Banking in Israel by Gidi Dorevitch. Please make sure to read this excellent overview and get back to me with your feedback.
And send me an email if you would like to contribute on VB.
Social Media News
* Insurance: I noticed a lot of activity and posts on social media in the insurance industry. You have to watch the video and slides from Progressive Insurance at Gaspedal’s Social Media Business Council event.
@Progressive is #4 on my list of most followed insurance companies on twitter.
* Calendar: I look forward to receiving my calendar compliment offbd_insurance in Ireland (not sure it is the most successful way to urge people to contribute, and to drive quality content on the blog, but I like Art and in my opinion it was worth spending a couple of minutes while in Scotland to leave a comment on their blog)
* Twitter & ROI: Talking about ROI, congrats to the Stephanie and the Social Media Team at Dell which offically announced $6.5 million worth of new business from their twitter account @DellOutlet in the last 2-3 years.
If twitter works perfectly well for e-retailers and other companies selling products like Dell, you may wonder how it translate in banking and finance?
First, let me ask you a question: how much do you value your customer relationships? My answer: think providing customer service on twitter, retaining one initially angry customer, turning her into a brand advocate, and winning a new client on the back of it? All on twitter. Let me add that doing a good job on twitter doesn’t require too much time and resources. There is your ROI.
I invite you to check my Visible Banking Twitter Watch #15, my slides“Banks Must Use Twitter”, and my posts on Hacking and Spamming.
* Congratulations: Dell for reaching this impressive milestone, and Wongafor winning your innovation award (and for your Net Promoter Score of 79). Well done Errol!
* Au revoir: Bank of America’s Future of Banking blog with its last post from March 2009 (another example when the leading man leaves, everything stops) and Capital One’s online community Slingshot.
* Bananas (?!): no comment. Check the infamous Westpac video…
Pick of the Week
You will find below my pick of the week on twitter. For a more comprehensive list of social media in financial services news, please check my favourites on Visible_Banking.
To add more value to the list, I will always make sure to link those news to my previous articles on Visible Banking. You will find a few valuable links at the end of this post: event coverage, video interviews, breaking news.
bankingreview: Jetstar responds to Westpac – http://bit.ly/6VtGTJ “We thought about giving away free bananas, but they’re too expensive” Via @mozo_au ¦ about 19 hours ago from TweetDeck
jowyang: Doing a blog post soon, want your input: Should companies give customers with more followers better service? Should “influence” matter? ¦ about 19 hours ago from web
richardalois: Did You Know 4.0 (bit like video ‘social media revolution’ – the music is only half as annoying though) http://bit.ly/1WalPn ¦ about 22 hours ago from TweetDeck
insurance20: Health Insurance 2.0 – Cashing in on Social Mediahttp://bit.ly/7R38To ¦ about 24 hours ago from web
HerveKabla: Blog post: Media Aces Conference: à guichets ferméshttp://bit.ly/5R9KKW ¦ 5:54 PM Dec 13th from twitterfeed
jeffbullas: New Harvard Study: 30 Key Findings on How The CEO Engages With Social Media http://bit.ly/706jPQ ¦ 5:05 PM Dec 13th fromAPI
Mariketing ARTICLE: 100 Ways To Measure Social Media (MediaPost)http://short.to/xfvw #SocialMedia #SMM RT @tatitosi ¦ 11:42 AM Dec 13th from web
electrouncle: Lothar Lochmaier befragt die GLS Bank zu Social Media usw. Interessant http://ow.ly/LkrP ¦ 9:47 PM Dec 12th from HootSuite
loic: 94 videos of the #LeWeb 2009 sessions http://bit.ly/8CMPij ¦8:56 AM Dec 12th from Seesmic
eMarketer: Tracking Twitter Success at Dell – http://bit.ly/5KDSdz [case study] #eMarketerBlog ¦ 9:44 PM Dec 11th from web
CurrencyTim: Boy, finalist Josh Garrett in Texas is working for votes like crazy. Check out how he got on the evening news!http://bit.ly/5F73WE ¦ 8:43 PM Dec 11th from TweetDeck
ALInsurance: @Visible_Banking WOW! Thank you for listing me as one of the top 10 most followed financial institutions on Twitter. Very cool!!!#fb ¦ 8:31 PM Dec 11th from Tweetie in reply to Visible_Banking
StateFarm @Visible_Banking, Thanks for all the work you do on your Twitter Watch blog series. I enjoy seeing it every month. ¦ 7:47 PM Dec 11th from web in reply to Visible_Banking
CUTweetTrack: We’re following 38 CU CEO’s @CUTweetTrack but few are as active as @evan59 @babscampbell & @CUPresident Come on, CU CEOs, start tweeting! ¦ 6:29 PM Dec 11th from web
ForumTalk: FORUM Announces 2009 SaveItUp Challenge Winners! Grand Prize Winner receives $2,500! http://bit.ly/5nk5B5 ¦ 4:42 PM Dec 11th from TweetDeck
dreamgrow Video: Insurance in Social Media, Case Studyhttp://bit.ly/7WcvQI
FinancialBrand: BofA seems to have killed its Future Banking Bloghttp://bit.ly/67pwJM All done “Rethinking Banking for the 21st Century?” ¦ 1:06 PM Dec 11th from TweetDeck
eMarketer: From Thursday – Virtual Worlds: We’re Not Dead (In Fact, We’re Making Money) http://bit.ly/7Qmevq #eMarketerBlog ¦ 12:00 PM Dec 11th from Twuffer
Visible_Banking: Visible Banking Guest Post #1 – Overview of Social Media & Banking in Israel (by Gidi Dorevitch @Adkit_Banking)http://ow.ly/KTSo ¦ 11:04 AM Dec 11th from HootSuite
bankingreview: Westpac banana vid 6863 views http://bit.ly/8WVnDFMozo spoof 378 views http://bit.ly/8NXOrl Choice response 79 viewshttp://bit.ly/4uTga2 ¦ 7:33 AM Dec 11th from TweetDeck
RaboPlusNZ: We’ve just launched a new look & feel for our public website – check it out here at http://www.raboplus.co.nz and let us know what you think ¦ 7:31 PM Dec 10th from web
Visible_Tech: What not to do in social media customer service: outsource to your ad agency @nmithel http://ow.ly/KH7L ¦ 6:39 PM Dec 10th from HootSuite
eMarketer: Social Networks that will shine in 2010 –http://bit.ly/5MU4PB by @daiseywhitney RT @samsonadepoju ¦ 3:54 PM Dec 10th from TweetDeck
eMarketer: CMOs look for higher social media measurability in 2010:http://bit.ly/kent798 (Via @TroutLine @KentHuffman) ¦ 8:01 AM Dec 10th from Twuffer
raibalustenau: .@glsbank @borisjanek @FSW @ficoba gratulation zu den web 2.0 artikeln in der neuen “bankinformation”. lesenswert!!! ¦1:10 PM Dec 9th from TweetDeck
ed_wonga: Wonga wins most innovative application of Technology in the financial innovation awards • http://bit.ly/91QrU5 (via @robinklein) ¦9:20 PM Dec 8th from Twitterrific
gaspedal: This week’s 3-minute WOM lesson: 3 things you should know about negative word of mouth http://is.gd/5g3a0 ^CJ ¦ 4:26 PM Dec 8th from twhirl
Finextra: Barclays Stockbrokers taps social media for investor info platform – http://bit.ly/88IgJO ¦ 4:04 PM Dec 8th from web
fbd_ie: http://blog.fbd.ie/ – First 10 people to post a comment on our new FBD Money Blog will receive a FREE National Gallery 2010 Calendar ¦ 11:27 AM Dec 8th from web
FSClub: RT @bankingreview: What do Twitterers want from their fsi? Fraud alerts (71%), offers (60%), financial tips (58%)http://bit.ly/54lUM8 ¦ 7:51 AM Dec 8th from UberTwitter
Ask_WellsFargo: Answr the WF Labs poll quest 4 Mobile Monday – how will mobile bnkng be hlpfl to u this holidys? https://labs.wellsfargo.com#WFCmobile ^SS ¦ 12:01 AM Dec 8th from CoTweet
netbanker: It’s that time of year, that type of economy. Capital One is shuttering its small biz networking site Slingshot Dec 18http://bit.ly/7LJfT6 10:13 PM Dec 7th from web