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HomeVideo Marketing87% of FinServ Professionals Say Their Tech is Outdated

87% of FinServ Professionals Say Their Tech is Outdated


February 23, 2022

89% assume sending video messages could be extra impactful than textual content when working distant, however solely 35% are at the moment geared up with the instruments to do this

KITCHENER, Ont. – Feb. 23, 2022 – Based on the second a part of a future of labor examine launched immediately by Vidyard and Atomik Analysis, 87% of monetary providers professionals mentioned that their know-how at work is in “the darkish ages.” Respondents additionally mentioned that the corporate they work for may very well be extra tech savvy if it weren’t for compliance division crimson tape. The findings had been included within the report titled “The Way forward for Work in Monetary Providers: Distant or In-Workplace? The first a part of the examine was launched in January 2022.

Whereas a standard criticism, the findings come at the same time as firms proceed to undertake indefinite distant work insurance policies and speed up digital transformations in response to the pandemic and altering office tastes. In truth, professionals throughout industries are seeing that clients are comfy with digital conferences and video messages.

Certainly, 89% of monetary providers professionals surveyed mentioned that video messages could be extra impactful than conventional textual content emails when working remotely. And 40% of respondents report that almost all of their clients have transitioned to a distant work mannequin. 40 % additionally discover in-person conferences to be misaligned with how they usually do enterprise. However, with IT caught in “the darkish ages,” solely 35% of monetary providers professionals are at the moment geared up with the instruments they should do video messaging.

To higher perceive the evolving preferences of monetary providers professionals in immediately’s remote-first enterprise world, Vidyard and unbiased market analysis agency Atomik Analysis performed the examine with greater than 500 monetary providers professionals, between Nov. 22-26, 2021. Respondents had been requested about altering relationships with clients, how know-how is impacting their companies, and the affect of video on their work.

“Amid the continuing pandemic, clients are discovering that digital communications are efficient and enhancing relationships,” mentioned Tyler Lessard, vice chairman of promoting at Vidyard. “Our examine discovered that monetary providers professionals overwhelmingly really feel that when empowered with video instruments, they will create higher connections than they ever may within the outdated in-person assembly world. The previous 18 months have taught us that, when given the precise know-how, monetary providers execs can advise their purchasers and drive engagement remotely simply as a lot as they’ve in-person.”

Change in Enterprise Tradition

Total, monetary providers professionals mentioned that they really feel extra assured working from house versus working within the workplace, whereas additionally with the ability to construct higher consumer relationships. The survey discovered:

  • 66% of respondents mentioned they’ve gotten to know purchasers or clients, distributors and companions (50%), and management (42%) higher by interacting by video extra usually.
  • 57% of monetary providers professionals working remotely throughout the pandemic mentioned working from house makes them really feel extra assured in comparison with working within the workplace.
  • Greater than half (54%) mentioned working from house makes them really feel extra unbiased.
  • 38% mentioned they often really feel ignored once they take part in conferences remotely.

Know-how Choices Decide the Work from Residence Expertise

The usage of collaboration instruments and video know-how has been a game-changer that’s made working from house really feel seamless. Nevertheless, many monetary providers professionals assume that their workplaces nonetheless supply outdated applied sciences. The examine discovered:

  • 80% of respondents indicated their group saved cash by transitioning to a enterprise mannequin that depends on digital conferences slightly than in-person conferences.
  • 1 in 2 respondents mentioned incentives tied to the adoption of latest enterprise applied sciences, comparable to offering workers with respectable coaching on new enterprise applied sciences, would result in extra widespread adoption of latest applied sciences inside their group.
  • 81% of respondents point out that entry to know-how for digital promoting is the #1 must-have for his or her work within the yr forward.

Extra Info:

For extra insights and to dive deeper into the info, please obtain the second report, The Way forward for Work in Monetary Providers: Distant or In-Workplace?

Methodology:

Vidyard commissioned Atomik Analysis to conduct a web-based survey of 503 monetary providers professionals with gross sales, advertising and marketing, human sources, or consumer providers associated job features all through North America (Canada and the US.) Monetary providers professionals within the pattern are outlined as adults who work full-time throughout the monetary providers, insurance coverage, banking, investing, and wealth administration industries.

The margin of error for the general pattern is +/- 4 proportion factors with a confidence interval of 95 %. Fieldwork occurred between Nov. 22- 26, 2021. Atomik Analysis is an unbiased market analysis company.

About Vidyard:

Vidyard is the main video platform for companies. Greater than 200,000 distinctive companies use its video messaging and video internet hosting instruments to interact their clients and prospects extra successfully. Vidyard permits enterprises throughout excessive tech, SaaS, monetary providers, skilled providers, and different industries to make use of asynchronous video to remodel their method to distant gross sales, advertising and marketing, and customer support. Enterprise professionals can use Vidyard in all places they work, on any digital platform, to create and share customized movies to ship their message in a extra private and impactful means by its free and professional instruments. Join Vidyard at no cost: /free.

Media Contacts:

  • Josh Swarz, Large Valley Advertising for Vidyard – press@vidyard.com
  • Sarah Duckett, Public Relations & Communications, Vidyard –duckett@vidyard.com

Sarah Duckett

PR & Communications Skilled



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