martes, 1 de octubre de 2013

How banks are using social media

Gone are the days of waiting in a queue in a branch or on the phone to talk to your bank.

Today, customers are able to quickly raise their issues through social media, and it has become an important method for banks to build relationships with their customers and to reach a younger audience.

As is true for success in any business, it is important to be where your customers are, and future banking customers are online.

So how are the UK's biggest banks using social media?

Barclays Bank

Twitter

Barclays has a number of different branded Twitter accounts for each of its areas of business, sponsorships and services (we counted nearly 20!), including Careers, Cycle Hire and Barclays Stockbrokers.

Its biggest following comes from its official title sponsor's feed for Barclays Premier League football supporters @BarclaysFooty, which has 106,348 followers and regularly posts content relating to the football Premier League teams and matches, as well as running competitions to win tickets to games, and promoting its #YouAreFootball campaign.

Meanwhile, @Barclayswealth, its Twitter page for Barclays wealth and investment management, has 17,231 followers, and pushes out regular content generally about financial services and economy.

While Barclays' Twitter account dedicated to 'news' (@Barclays) has 6,048 followers, it is the customer service account @BarclaysOnline (16,616 followers) that has the most interaction with followers.

Barclays promotes its Twitter customer service through a link from its website 'Contact Us' page, actively encouraging its customers to contact Barclays via Twitter.

@BarclaysOnline responds to queries/complaints via Twitter Monday-Friday between 8am and 8pm, meaning that potentially complaints and criticisms could be unanswered but visible to the wide Twitter audience for almost 12 hours overnight and even longer at weekends. 

However, during the working hours, Barclays is relatively quick to reply to Tweets, although having a 140 character limit means that it often spends quite a while trying to resolve the issue publicly via Twitter before eventually asking customers to email.

Facebook

Barclays regularly updates its Facebook page and has received over 328,000 'likes'. Similar to its Twitter account, Barclays delivers customer service through Facebook, responding to comments and wall posts and engaging with customers between 8am and 8pm, Monday-Friday.

It also uses its Facebook page as a promotional tool, advertising competitions it is running, promoting its services and products such as its Lifeskills programme and personalised debit cards, and pushing other campaigns, like #YouAreFootball.

To promote Barclays' launch of Your Bank – Barclays' new website for its customers to share their ideas on how Barclays can improve everyday banking - Barclays ran live discussions on Facebook every day for a week. This coincided with a promoted #YourBank trend on Twitter in the middle of the week.

This was a great way to launch the new customer feedback website, as it engaged with customers and enabled people to join in a live discussion with senior Barclays personnel around topics of interest to them, such as 'Mobile Banking' and 'Local Branches'.

LinkedIn

Barclays does have a LinkedIn presence, but the main profile page is used mainly for recruitment and posting job vacancies.


There are some areas on the profile that are still incomplete, and Barclays could make better use of its profile page to highlight their products and services.

However, Barclays is a lot more active on LinkedIn Groups.

Google+

While Barclays does have a Google+ page, with 808 followers, it is not actively posting on the page.

HSBC

Twitter

HSBC also has a number of different Twitter accounts for different areas of its business, such as the Press Office and Careers, and also for the different countries it has branches in, e.g. HSBC Brazil, HSBC Mexico.

In the UK, HSBC promotes its official customer service Twitter feed on its website as a means for customers to contact the bank.

Compared to @BarclaysOnline, @HSBC_UK_Help has a much smaller Twitter following, with only 5,769 followers. This is despite the fact that it is managed seven days a week, 7am-11pm, and is quick to respond to customer queries and complaints.

Facebook

HSBC has a Facebook page set up dedicated to students, which has over 134,000 'likes' and actively engages with its student audience on a daily basis.

HSBC also runs its annual student bursary competition via its Facebook page – creating brand ambassadors by giving something back to its Facebook fans.

However, it seems that students are the only customers able to interact with HSBC via Facebook, as the main HSBC Bank Facebook page is inactive and appears to be unmanned with no replies from HSBC Bank on the questions and complaints posted on the page.

LinkedIn

HSBC does have a LinkedIn page, with 320,765 followers, but it is not regularly posting any content other than job adverts. However, it does have more LinkedIn content than Barclays overall, highlighting its Products & Services and even sharing video content.

HSBC also has an open LinkedIn Group with over 11,500 members, but a lot of the discussions posted are unrelated to banking or finance.

Google+

HSBC has a few different Google+ pages, none of which are actively used. The main HSBC Google+ page has 878 followers, with 675 people having HSBC in their circles, yet the generic Google-issued cover image hasn't been updated to reflect the HSBC branding and there are no posts.

Natwest

Twitter

NatWest also has a variety of Twitter accounts, but it is its Customer Service team at @NatWest_Help and @Natwest_Help2 that has the biggest following (over 21,600 followers). @NatWest_Help is managed 7 days a week, 8am-8pm, and responds quickly to direct Tweets.

It also proactively searches for mentions of NatWest and replies to them, too. In the case of complaints about other banks with mentions of switching, @NatWest_Help helpfully Tweets with offers of assistance and the link to their Account Switching webpage, making potential new customers feel valued.

Facebook

Natwest has an active Facebook page with over 131,000 'likes'. It posts content regularly and delivers customer service via Facebook by replying to customer posts and comments.

It also promotes its latest campaigns and advertising, and engages with its customers through quizzes.

LinkedIn

NatWest has a couple of LinkedIn pages but is very inactive, having not even updated its profile picture from the default and doesn't appear to be utilising this platform at all.

Google+

Of the three banks we have discussed, NatWest is the most active on Google+ - although fresh content is not posted regularly. It has 2,588 followers and 281 people have NatWest in their Circles. 

But it has not updated its cover image to remain consistent with the branding on its Facebook and Twitter pages, suggesting that it isn't following a clear strategy for its Google+ management.

Pinterest

NatWest used Pinterest to showcase its 'Pigs by Kids' competition entries when it was looking for a new piggy bank mascot.

The competition was open to children aged 13 years and younger, so using social media was a great way to reach this younger audience. The bank has not used Pinterest since this competition ran in November 2012, however.

Summary

Overall, while each bank has a presence across the main social media platforms, they are primarily focusing on using Facebook and Twitter to deliver customer service.

None of the banks are shying away from complaints on social media, and are quickly acting to appease disgruntled customers.

This shows that they all place importance on these platforms for interaction with their customers, even if most of the issues cannot be solved over social media and require following up by telephone or email.

But, there is room for banks to use Google+ and LinkedIn to engage with current customers and potential customers, and to get more creative with their content across all platforms.

In Race With Twitter, Facebook, Like, Fluffs Its Social TV Numbers

On the same day that Twitter and Nielsen are debuting their first TV Ratings report emerging from the two companies' partnership, Facebook is slyly releasing official numbers designed to give its own TV efforts a boost.

Facebook claims that AMC's hot "Breaking Bad" finale was a hit across its social network, generating more than 5.5 million interactions from 3 million+ users. Twitter, meanwhile, saw 1.47 million tweets in comparison from 682,000+ uniques for the same show. What does this mean for Twitter, whose forthcoming IPO is heavily dependent on its TV partnerships and ad business? Is Facebook moving in for the kill?

Well, maybe. But Facebook's numbers feel a little fudged here.

For background, Facebook announced that it will begin sending out weekly TV reports to the U.S.'s top four networks this week – a move that was not coincidentally disclosed just ahead of the Nielsen Twitter TV Rating report's launch. Facebook says it will send data to ABC, NBC, Fox and CBS as well as a few other select partners, in order to demonstrate to what extent social conversations around TV programs are now taking place on its own network.

For example, Facebook found that ABC's "Dancing With the Stars" generated over a million interactions across 750,000 users on its network. Previously, reports had stated that Facebook sees five times as much TV-related activity on its network than on Twitter. But as TechCrunch's Josh Constine said before, that's not a fair comparison.

 

A Like Is Not Equal To A Tweet 

To state the obvious, Facebook is much bigger than Twitter: 1.15 billion monthly actives versus Twitter's 200+ million. One could argue its numbers for almost anything will be bigger. But really, it's Facebook's looser definition of active engagement that makes comparing its figures to Twitter's a problem. Facebook, you see, counts nearly any engagement with its content among its "interactions" – it includes not only those posting status updates themselves, but also others who then like, comment or re-share that post to their own networks of friends.

Facebook counting a "like" as an "interaction" is like Twitter counting a "favorite." It's not an ideal metric to lump in with Facebook posts or re-shares, but, rather, should be treated as a separate category of interaction.

After all, there are a number of reasons why you may like someone's Facebook status, and it's not always directly related to the TV content they've shared. You might like a post because your friend also cracked a funny joke of some sort along with their note about the show they're watching, but that doesn't mean you're also a viewer or a fan. Or the post might contain more information beyond the TV show identified through basic keyword matching, and it's the other part of the post that you're actually "liking."

facebook-breakingbad

Many social networks like to fluff their numbers when it serves a purpose. Google reports steady increases in Google+ growth, for example, making it sound like Google+ (the destination website) is a bigger player in social than it really is. In reality, Google+ numbers are growing because Google+ is being baked in as the social layer across Google products ranging from Gmail to, most recently, YouTube comments.

Facebook's Social TV Data Could Become Better In Time 

At launch, Facebook's TV reports are not on par with Twitter's. It will not include other data like how many people saw activity where a TV show is being discussed – something Twitter and Nielsen's TV Rating report is already doing. And tracking this metric will be more difficult on Facebook, because its filtered News Feed doesn't show users every post from friends.

There are also hints that Facebook has had to work quickly to overcome potentially bad data here, indicating that its move to court TV networks is more reactive than proactive in this situation. In The WSJ's relaying of Facebook's news, it noted that before fine-tuning its system, which relies on keywords, Facebook had problems where it reported CBS's "NCIS" too highly because "NCIS" is a string of letters found in the more often mentioned term "San Francisco." (To address this issue, Facebook had to create a database of characters and other keywords related to each show in order to not end up with false positives.)

That said, as Facebook ramps up its efforts in this space, its data could become more valuable in the long run because there's more of it, and it includes profile demographics. The company has already unleashed anonymized data to select news outlets and marketers for other purposes, so there's no reason why it couldn't do the same for TV networks now.

Twitter Winning The Second Screen For Now 

twitter_tv2-100033310-galleryMeanwhile, as Facebook gets up to speed with social TV data, Twitter is building out a business based on being the preferred "second screen" app. To serve up TV ratings and analysis, Twitter partnered with Nielsen, which owns SocialGuide, for TV ratings. It acquired companies like Bluefin Labs and Trendrr to further beef up its social TV efforts. With Twitter Amplify, it's allowing broadcasters to embed short video clips in their tweets in near real-time. And it partnered with CBS on Amplify just this month. It's also privately experimenting with a DVR-like functionality that would allow you to replay TV-related tweets as you watch a show after its original airing.

In addition, Twitter rolled out TV Ad Targeting programs this summer, which let U.S. advertisers target those who just saw their TV commercials while watching a given show. Twitter has a semantic understanding of what people are talking about here, too. Most importantly, being pushed the ad twice seems to work well, according to early reports. Nielsen found that the combination of TV ad and follow-up tweet delivered 95 percent stronger message association and 58 percent higher purchase intent than TV ads alone.

With all these initiatives underway, Twitter, though smaller and less diverse (the site sees a disproportionate number of young female users CBS's chief researcher officer told The WSJ), is for now ahead of Facebook in terms of making a business out of the social TV data it has on hand.


Facebook is the world's largest social network, with over 1.15 billion monthly active users. Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz, Chris Hughes, and Eduardo Saverin to help build Facebook, and within four months, Facebook added 30 more college networks. The original...

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Created in 2006, Twitter is a global real-time communications platform with 400 million monthly visitors to twitter.com, more than 200 million monthly active users around the world. We see a billion tweets every 2.5 days on every conceivable topic. World leaders, major athletes, star performers, news organizations and entertainment outlets are among the millions of active Twitter accounts through which users can truly get the pulse of the planet.

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Watch This Wall of Dead Batteries Charge 140 Smartphones

A Thai soymilk company has figured out what to do with your old, dead batteries.

Vitamilk has teamed up with BBDO Proximity Thailand, an organization that focuses on brand and consumer relationships, to create "Dead Batteries for Dead Batteries."

Using the leftover power of 1,500 used batteries donated by the public, the team created a wall of batteries with the ability to charge 140 smartphones. A video shows the batteries being placed in a large wall in sections of threes, before users approach the structure and plug in their phones.

Vitamilk estimates that over the course of two months, the wall has provided smartphones with an additional 3,328 hours of talk time.

Maybe it's time to start saving more of those old batteries.

Image: Flickr, I for Detail.

NASA Won't Leave Astronauts Stranded in Space if Shutdown Occurs

In the midst of a possible government shutdown Tuesday, U.S. President Barack Obama delivered a speech on Monday filled with warnings about the possible consequences — one of which would be the furlough of most of NASA's 18,000 employees.

Fuelled by a budget stuck in limbo over disagreements related to the new healthcare law, the governmental impasse could cripple a number of federal institutions, including the Department of Justice, the Department of Housing and Urban Development, and the National Park Service.

But for those focused on the future of science and technology, the potential interruption of NASA's operations is just the latest in a series of budget woes that continue to stifle its development.

There's also the issue of NASA's work in space, namely the International Space Station. Currently, there are two NASA astronauts aboard the ISS: Mike Hopkins and Karen Nyberg.

If a government shutdown does occur, however, the two American astronauts won't be left literally hanging in the space station with no support. Speaking to reporters from the White House, Obama said, "NASA will shut down almost entirely, but mission control will remain open to support the astronauts serving on the space station."

NASA has been preparing for the possibility of a shutdown for weeks, and has already put contingency plans in place.

In a memo drafted by the Office of Management and Budget, an official laid out the specifics of how NASA will handle the potential shutdown, writing, "To protect the life of the crew as well as the assets themselves, we would continue to support planned operations of the ISS during any funding hiatus.

"Moreover, NASA will be closely monitoring the impact of an extended shutdown to determine if crew transportation or cargo resupply services are required to mitigate imminent threats to life and property on the ISS or other areas."

What makes the impending shutdown even more unsettling is the fact that Oct. 1 also marks NASA's 55th anniversary. The space agency celebrates the milestone on its website, but the historic day will be overshadowed by NASA's ongoing budget limitations — regardless of the outcome of Tuesday's looming government shutdown.

Image: NASA

Coach Answers Reporter's iPhone After Awkward Interruption

The iPhone has been a boon to journalists worldwide — so much so that universities now teach courses on how to use the Apple gadget as a reporting and storytelling tool.

But all the iPhone's journalism benefits come with a downside, as evidenced in hilarious fashion during a Monday press conference held by Northwestern University football coach Pat Fitzgerald.

One unlucky reporter had set his iPhone on the table in front of Fitzgerald to record the coach's remarks, leading into the nationally ranked Wildcats' Saturday showdown against powerhouse Ohio State. But the coach was interrupted mid-sentence by a caller named "Graham."

Fitzgerald doesn't miss a beat, however, picking up the call to tell Graham, "We're in a press conference, buddy. You're going to have to call him back, alright?" He even bids Graham goodbye with a classic coach's send-off: "Go Cats."

Watch the funny YouTube clip, above; then let us know what you think in the comments.

Homepage image: YouTube, Northwestern Athletics

YouTube Announces the 'YouTube Music Awards' Show

Lady Gaga, Eminem and Arcade Fire are among the artists who will perform at the first YouTube Music Awards, a new global event that will air live on YouTube on Nov. 3.

Google's 8-year-old video sharing service announced the 90-minute awards show Monday night, saying YouTube will reveal six award categories in mid-October. Data from YouTube users will drive the nominations, and users will vote for the winners.

SEE ALSO: 13 Must-Follow Musicians on Instagram

Leading up to the live show in November, YouTube will showcase hours of pre-recorded performances taped across the world, including Seoul, Moscow, Rio de Janeiro and London. Those will lead to the live event at Pier 36 in New York City.

"Music is a huge part of what YouTube is and what YouTube has become to music fans around the world," Chelsea Maughan, a YouTube spokeswoman told Mashable"The YouTube Music Awards represent the next step in terms of celebrating how big music is on YouTube."

The main broadcast will feature mainstream stars as well as musicians who have built significant followings on YouTube, such as violin dub-step artist Lindsey Stirling and the "musical experiment" group CDZA, who have 3.2 million and 215,000 YouTube subscribers, respectively.  Music mashups during the show will blend YouTube stars with more high-profile celebrities. Filmmaker Spike Jonze will serve as creative director, while VICE and Sunset Lane Entertainment will take on executive producing duties.


"We're setting out to create a night that's all about making things and creativity in the spirit of everyone that uses YouTube," Jonze said in a statement. "As well as giving out awards, we'll be making live music videos. The whole night should feel like a YouTube video itself."

Maughan said YouTube hopes to show that — without YouTube — people like Psy may never have gotten a record deal.

Danielle Tiedt, YouTube's vice president of marketing, added in a statement: "From catalyzing careers and pop culture phenomena to propelling a song's rise to No. 1 on Billboard's Hot 100, our global community's influence is felt across the music industry."

Image: Don Arnold/WireImage