User generated content and the insightful analytics that evaluate customer/company interactions fuel engagement for nearly every company born into the cloud. Many other, more established firms are trying to understand how to redo legacy systems with valuable customer information to unlock incredible engagement potential. Among a sample of retail online brokerages, there's an alarming inability to use customer trade history as a powerful means of building customer engagement. This presentation introduces a tool for doing so - not just for brokerages, but any financial media company.
2. Customer Trade History at Brokers is a
Mountain of Gold Up for Grabs.
Use It to Drive Customer Engagement or
Lose It to Someone Who Can.
Stocktoberfest 2014
8. Current Tools
Can Do:
Idea Generation,
Research/Confirm,
Execute, but . . . . . . few do post trade analytics,
leaving customers with
Stocktoberfest 2014
9. Problem 2: Analysis of Trading History
Data
Behind
Lock &
Key.
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10. trading
history
Problem 3:
There’s 1
Visit
Allowed
Each Year ->
Until Now.
Stocktoberfest 2014
16. Personalization Example
Trade Ideas helps Financial Content Providers be the Amazon or Netflix of
market opportunities: Recently traded A? You might be interested in A again
today or B for the same pattern-based reasons.
Stocktoberfest 2014
A presentation about the intersection of technology and trends.
Is this too close to advisory services? Compliant?
Brokers don’t want to build this ‘advisory’ technology themselves. They want 3rd party vendors providing this information.
Brokers don’t have the bandwidth to build and innovate on such technology
Don’t let the lawyers steer the ship. Given the benefits of customer sustainability, relevant customer engagement and experience, it is imperative to provide this technology or risk losing customers to other brokers who do provide it
More than: Idea. Research/Confirm. Execute.
Is this too close to advisory services? Compliant?
Brokers don’t want to build this ‘advisory’ technology themselves. They want 3rd party vendors providing this information.
Brokers don’t have the bandwidth to build and innovate on such technology
Don’t let the lawyers steer the ship. Given the benefits of customer sustainability, relevant customer engagement and experience, it is imperative to provide this technology or risk losing customers to other brokers who do provide it
More than: Idea. Research/Confirm. Execute.
Can we [the brokers] build this ourselves?
Is this too close to advisory services? Compliant?
Brokers don’t want to build this ‘advisory’ technology themselves. They want 3rd party vendors providing this information.
Brokers don’t have the bandwidth to build and innovate on such technology
Don’t let the lawyers steer the ship. Given the benefits of customer sustainability, relevant customer engagement and experience, it is imperative to provide this technology or risk losing customers to other brokers who do provide it