enjoying the live blog? pay it forward with a $5 donation to Movember
Social Media Breakfast 25 #SMB25
Driving Business Value Through Social within Financial and Regulated Environments – 11/11/11
** LIVE BLOG (it’s over now) **
_
10.44
Wrapping up a great morning at #SMB25. Great content and a super turnout. Happy tweeting.
10.27
mpace101 #smb25 social #Custserv can be incredibly scalable – our soc costs about 1/6 of phone channel & 1/3 of email/chat
10.26
iamreff @PamelaWella @JeneDowd @RShevlin @KarenLicker –> Panelists are doing a great job at showing challenges and how to overcome
10.18
JamesonBull Ignoring social media scalability creates major operational risks.- @pamelawella Amen.
10.14
jimstorer I’m a Skillful Spender. What about you? Take the @CitizensBank Money Personality Test to find out! http://t.co/ULZUSuLF
10.08
Good Value
Marketing – campaign and product support, drive traffic to website and multiple busines lines
Customer service/proactive response - customer service outreach, solve problems, provide information
Corporate affairs – philanthropy, sponsorships, events, awards, reputation management
Organizational intelligence – customer sentiment, early warning signs, competitive intelligence
Risk Management - process validation, ongoing refinement and risk identification
10.05
EMI_mktg4Sales #smb25 @citizensbank Rosenthal: importance of long-term vision, planning for budget, staff as community grows
10.02
Cymfony RT @Belbey: Systematic review and mitigation of risk yielded successful deployment of social at Citizens
10.00
Considerations
- access/user credentials standards
- protocols for posting
- archiving requirements
- messaging standards
- content creation processes
- content approval processes/compliance
- crisis management processes
- vendor standards/info security
- disclosures/disclaimers
- anticipating growth rates, budgetary, staffing needs
09.55
Risks
- Branding
- Launch Plan/Marketing
- Tools & Tech
- Policies
- Customer Service
- Content
- Measurement & Reporting
- Training
09.54
Amen! “@vargasl: Good to see Citizens excited abt socmed…Reg industries are not boring, but exciting and full of opportunity. #smb25“
09.53
JamesonBull #smb25 Being boring is only an obstacle if you let it be. Hire interesting people. Create interesting content.
09.53
Social Media value proposition
- Commerce
- Brand
- Innovation
09.52
DougH Citizens: much planning bf launching sm- internal selling, strategy planning & getting all pieces in place 1dt. Smart
09.49
tamadear Interesting:?Citizens started with a listening program, competitive analysis, and 3rd party risk assessment before starting in SM.
09.48
dkdnewmedia 3 out of 4 speakers at #smb25 re: social media and financial services are women. Cool!
09.47
Great job by Jen Dowd. Now on stage Pamela Rosenthal @PamelaWella of Citizens
09.44
If you’re enjoying this live blog feed, you can say thanks by dropping a “fiver” and helping me kill cancer http://mobro.co/iamreff
09.39
dave03vt Jennifer Dowd: In social age, FAs need to be prepared: new clients have already done research on them and how to reach their goals.
09.37
SMB attendees are welcomed to join @MoTeamBoston at #MoBeer http://conta.cc/DSOB11 this Wed. (charity beer tasting w/ @JacksAbby)
09.34
Taking the stage MFS’s Jen Dowd @JenEDowd
09.33
Cymfony 1st step in building an effective social program for banks: start listening to what customers are saying about you. -@karenlicker
09.30
Core web and social integration
Best in class:
- social bookmarks on site
- interstitial splash page covers compliance, policy, faqs
- click thru to social network
09.28
Social media lessons learned
- make it easy
- one owner
- team of 4: IT, Marketing, Ops +1 (small business or HR perhaps)
- strategy
- policy if you must
09.21
fairminder #smb25 60% of Boomers are using social media to talk about their horrible banking experience. Banks not listening. Many will switch.
09.21
Belbey . @karenlicker customers are complaining on social & being ignored. If no one responds, they will shift to another bank #SMB25
09.20
What’s holding banks back?
- Fear
- regulatory requirements
- sensitive info using 3rd party
- outbound vs inbound communication
- ownership
- Bankers are boring – culture
- Strategy
- Policy
09.17
leanneclc Good stuff coming out of #smb25 -social collaboration btw cuts serv, marketing is goal< +talent recruiting/retention I believe
09.17
megtripp 17% of my fellow Gen Xers use social media for banking. 21% of Gen Y. 100% of the Tripp family.
09.16
dave03vt Karen Licker: From the consumer side, why banks need to be in sm, get over the reg issues & remember that sm is not an end to itself.
09.16
Karen is mythbusting the myth that “banks don’t use social media”
09.12
Awesome start by Ron Shevlin. Now on stage Karen Licker @KarenLicker
09.11
Cymfony Take social as an opportunity to expand knowledge base for support reps and employee training: what questions are customers asking?
09.10
Why integrate social media?
- increased marketing effectiveness/efficiency:
- customer advocacy
- active engagement
- sense-and-respond
- increase service effectiveness/efficiency
- reduced call volume
- expanded knowledge base
- improved employee training
09.09
fairminder #smb25 integrate your social with other marketing efforts. Collaborative support reveals engagement.
09.06
fairminder #smb25 credit unions seem to be more active and effective than banks at using social media
09.05
Integrating social media
- influencing preferences
- collaborative support
- social saving
09.05
@BostonTweetUp: TONIGHT: 7:30pm Social Media Breakfast…for dinner* #SMB4d hosted by @RobertCollins @baznet http://t.co/RC8ZFi2V #SMB25
09.01
Belbey Shelvin @aitegroup Finsvs common goals: engage w customers, drive brand awareness, increase brand affinity
08.58
Over 100 people here this morning! In his opening remarks, Robert Collins reflected on how the community has grown so strong
08.57
Four Challenges:
What: FIs don’t know what to say in social media
When: FIs don’t know when to say it
How: FIs don’t know how to say it
Where: FIs don’t know where to say it
08.56
Special thanks to Social Media Breakfast sponsor – Socialware!
08.55
Ron Shevlin (@RShevlin) on stage now…
08.30
blog testing 1.2.1.2
20.38
Twitter IDs for #SMB25 panel
Pamela Rosenthal @PamelaWella
Jennifer Dowd @JeneDowd
Ron Shevlin @RShevlin
Karen Licker @KarenLicker
Tim Walker @Twalk
19.23
#SMB25 attendees are welcomed to register for #MoBeer. Together we can kill cancer (while tasting beer from @JacksAbby!) http://conta.cc/DSOB11
15.44
timestamp check
15.43
@iamreff will be live blogging #SMB25
-
Presenters:
- Pamela Rosenthal, Vice President, Social Media at Citizens Financial Group
- Jennifer Dowd, Retail Marketing, MFS Fund Distributors
- Ron Shevlin, Senior Analyst at Aite Group
- Karen Licker, Financial Services Consultant & Founder of SBS
- Tim Walker, Program Marketing Manager, Socialware
Moderator:
- Robert Collins, Host of Social Media Breakfast
Sponsor:
- Socialware Users Group
- Socialware Users Group
Organizer:
Event Page





