Due to the strict nature of the processes and structure of the banking finance and insurance industries, the use of the digital pivot, particularly when it came to marketing, was relatively slower compared to most other industries. But over the past few years, an increasing number of companies have understood the importance of embracing the continually shifting digital marketing landscape.
While there are a number of reasons for this, the increasingly competitive playing field and how customers have become more demanding, coupled with the growing importance of customer retention are at the forefront of financial institutions’ adaptation of digital marketing strategies.
The digital revolution has not only changed the way consumer behave, it has also led to a demand for new products and services from financial institutions. Developing a digital presence, and utilizing the available tools like social media (and practically anything where online conversations occur) allow you to understand these changes, trends, and customer preferences.
The insights gleaned from the available data will allow you to understand which products and services are being talked about, and will enable a more targeted approach towards identifying your market and providing customized solutions for their changing needs.
Speaking of identifying your market, the same ocean of conversations available for you to gain insights on the market pulse will also allow you to reach out and connect with people who actually need what it is you’re offering.
The advanced search tools of social media alone are vast improvements over traditional marketing strategies like sending cold emails. So whether it’s finding people who are talking about car and educational loans, asking about surety bond costs, or people ranting about the inefficiency of a particular e-commerce site, hot leads have never been easier to get a hold off.
Over the years, people have developed a preference for social media — @ -ing a company, or reaching them thru chat — over traditional methods like phone and email to address their concerns. And with an increasing number of consumers switching to other providers because of quality customer service, being able to address your customers’ concerns exactly where they are (social media) has become of paramount importance.
In fact, according to the Accenture Global Consumer Pulse Research, of the consumers who switched to another provider due to poor service, more than 80 percent said they could have been retained had their concerns been resolved on their first contact with the bank.
In a world marked by more demanding consumers, content marketing is one of the best ways to deliver more value to them apart from excellent service, and competitive pricing. Whether it’s producing content that creates awareness for new services, content that establishes thought leadership, or those that develops trust — digital marketing is an excellent tool to provide added value, without overly focusing on sales.
There are several reasons that explain the relevance and importance of digital marketing for BFSI sector. Some of the advantages of digital marketing are listed as below:
EDS is a long time expert in all forms of digital marketing and the BFSI sector is no different. EDS offers exceptional digital marketing strategies. Why are we a good fit for the modern BFSI? Maybe it’s the accounts of the subsequent revenue we’ve generated for them through well planned and accurately executed digital marketing strategies such as content marketing and website management. Or is it because our long established proficiency in digital marketing services such as SEO, CRO or social media marketing? We’ve already proved that we’re experts in our field. Now, we’d like to help you achieve the same results our existing clients have.
The seeds sown by digital marketing are the roots to any modern business, regardless of industry. The BFSI, due to its contemporary nature, has been among the few industries that need to be given a little push to adopt modern marketing strategies such as digital marketing.
EDS is a team of social media experts delivering online business solutions and exceptional digital marketing results for companies worldwide. We combine commercial thinking with technical brilliance in Lead Generation, Social Media Marketing, SMS Marketing, Email Marketing, Push Notifications, Google Adwords, Web Development, Search Engine Optimization and pay per click, content generation and online communications. For us, it’s all about return on investment and innovation to add value to your business. If you feel the same, please get in touch and let us provide you with a Free Audit of your online presence. A leading Digital Agency online marketing and Web Development Company with offices in Dubai, UAE . Highly creative and Experienced staff will be delighted to serve you and take the opportunity of your requirements such as Brand Identity, Corporate Brochure, Advertising Campaigns and Web Hosting. Digital Marketing Online Marketing, YouTube Advertising, Instagram Advertising, FaceBook Advertising, Twitter Advertising, Snapchat Advertising, Programmatic Advertising, SEO, Technical Tasks, Social Media Influencer, Mobile Marketing, Ranking Analysis, Fax Marketing, WhatsApp Marketing, LinkedIn Advertising, Video Shoot & Editing.
Call us today on +971-4-5193444 and our Experts will be delighted to help you.
Our company comprises of certified experts in various departments who are capable of executing their designated roles and hence ensuring that your expectations are met.
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We first of all brainstorm your project scope and budget that will be required to promote products or services and achieving your expected deliverables before initiating the execution process.
we have the most effective marketing strategies for your business,. Use them to generate a new marketinBased on your business industry, and expectations, we are able to target your ideal audience locally (UAE) or globally if applicable.
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EDS offer lead generation services – to give you instant access to a professional team of business development specialists with a solid track record. And our time-tested processes and technologically-advanced systems empower them to achieve remarkable results.
We will help you understand how AdWords works, detailing the AdWords auction, bidding process and explaining important factors like Quality Score and cost-per-click. When people search on Google using one of your keywords, your ad may appear next to the search results.
Programmatic Marketing is a method to the drilled down demographic that your organization seeks to target considering specific demographics such as: Geography, Age, Gender, Social Status, and other relevant triggers.
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CEO, Korooti International
Excellent experience of working with EDS. Very professional and on time delivery of services. Totally satisfied and will continue using them as our partners.
We are Al Zahra Hospital Sharjah & Al Zahra Medical center Dubai one of EDS client. EDS – SMS marketing service is very good and no delay at all.
I had a very good experience with EDS. There team were helpful getting us up and running and their SMS system is easy to use and good value for money. I would recommend them as a supplier and will work with them again.
Awesome customer service! We’ve never been let down and all of our requests have been granted immediately. Great group to work with!
Great service and amazing support. We are working with them in multiple campaigns and they do great job. Highly recommending this agency.
EDS got us top rankings on all of the major search engines where in the past we were unable to even show up on them. EDS did what they promised, when they promised, all at a fair price. We couldn’t ask for more.
All campaigns conducted through EDS were successful. We were able to generate a high number of inquiries following the SMS sent. Their database is convenient and extended. We recommend EDS to all companies.