Seventy-one percent of financial services brands said they plan to increase digital marketing spend in 2019 according to a study by Econsultancy. In contrast to that large majority, however, the same study found that only 7% of financial services brands place creation of high-quality content as a top marketing priority, compared to 15% in other industries.
The digital channel, and SEO with it, is rapidly becoming a centerpiece of marketing efforts in an industry that has traditionally been seen as a conservative one. The low numbers around prioritization of quality content might be discouraging at first glance, but they speak to the pronounced SEO opportunity for financial services brands that exists right now.
With many of the largest financial service providers having hundreds of branches worldwide, SEOs managing a global strategy need to have the ability to analyze organic performance for many different locations and establish a precise view of performance in specific localities.
With the amount of approvals and review time necessary for financial services material, SEO and content teams require a real-time system for assigning tasks to specific contributors to ensure content is moving along the pipeline and onto the site--where it can serve users and begin to rank--in an efficient way.
There is a high amount of competition within the financial services space, including a large number of newer disruptive players with aggressive digital marketing strategies. Share of Voice allows SEOs to track their organic search visibility against the competition globally or within specific keyword groups.