Yahoo provides perspective on financial services online

Yahoo spoke for an hour, and I think surprised many people.  Topics covered;

  • the value of social search – example, yahoo answers – 10 million answers in 5 months
  • how customers rely on friends and family as part of the purchasing process
  • examples of financial services opening up their brands to social computing
  • Visa – Lifetakes
  • HSBC – pointofview.com
  • I would also add to that, Wells Fargo – In History
  • They spoke of the engagement metric, and the relevance of the portfolio of considerations, used to understand how customers get to their decision
  • the value of product comparison – Progressive Insurance keep customers on their site, by this method.