Customer Engagement 2.0

When at the Forrester Financial Marketing event in New York, I had the pleasure to meet with Alyson Clarke, a principal Analyst at Forrester.  We sat together to discuss and share some ideas about Online Advice Tools. We talked about collaborative tools, simple tools like financial calculators, product selectors, and advice tools. She brought her analyst perspective and I shared my perspective as a technology vendor building richer interface solutions to many of the financial institutions.

Alyson’s take is that people are desperate for financial advice and that their needs are not met today. “Firms should focus on delivering a better customer experience starting by giving clients access to financial advice”, she told me. “The need for advice is amplified by new and complex taxes, pension reforms, turbulent markets, and complicated financial products. Most people can’t afford expert advice so most of them are shifting to the Internet in search for advice.” But advice delivery has not caught up.  Sure you can view your accounts, access general information, apply for a credit card or for a mortgage, and do some transactions, but where is the advice - the personal touch that people need – the collaboration?

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In the July 14th issue of DMNews, Dana Kevish, Interactive Marketing Manager for acehardware.com, chats about her most recent collaboration with GSI Commerce—the “choose your location” component using geo-location technology. In layman terms, the “choose your location” component is an Ajax-based Rich Internet Application (RIA) feature that gives visitors the option to search for local Ace stores depending on address or location. By using geo-location technology, the Ace website identifies your approximate location so you don’t have to enter an address. Because the store locator is a mashup, Ace store locations are automatically displayed on Google Maps. There are two benefits for doing this: first, Ace didn’t have to develop their own mapping component; and second, users are greeted with a familiar user experience.

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