If we weren't so modest at TrueGroup 👀…we would tell you we are leading a profound shift in financial marketing…one that demands the urgent need for traditional financial institutions to adapt and innovate. The digital era has ushered in an unprecedented level of financial literacy among younger generations (thank god), largely due to the widespread accessibility of information online and the influential role of social media.
This paradigm shift presents both a challenge and an opportunity for financial institutions. The challenge lies in moving away from conventional, formulaic marketing approaches. In contrast, the opportunity is to engage with a more informed and digitally savvy customer base through creative, relatable, and educational content.
A significant aspect of this evolution is the juxtaposition of traditional finance with disruptive models like cryptocurrencies. Financial institutions are now navigating how to integrate these new paradigms into their marketing strategies, ensuring they stay relevant in an increasingly complex financial landscape.
Part of staying relevant is to create more consumer-focused content. New audiences are more content aware and saturated than ever. They want relatable stories that engage and talk specifically to them. The old financial jargon-filled corporate comms wont cut it anymore - new audiences demand entertainment, personalisation and above all…comprehension.
It's not just about selling products; it's about educating consumers, earning their trust, and establishing long-term relationships. It was the main thrust behind our award-winning 'Lets Be Direct' campaign for Charles Stanley.
The future of financial marketing is also poised to be more innovative, customer-focused, and adaptive to the changing digital landscape. We expect to see tradfi businesses finance use AR, VR and even gaming platforms to help expand their message and gain ground on the more disruptive competition in 2024.
It is an exciting frontier for financial institutions ready to embrace change and engage with their customers in meaningful ways.
See you at the front of the revolution!
Entrepreneur, Presenter. Marketing, Web3, Cars, Property.
Currently working on uGen: Web3 social content platform
Ben Collins is a Creative Director 👑
Business Founder x 5 🚀
Loves nuts 🥜
Writes about entrepreneurship, marketing and the gym