Financial Services Digital Whitespace Map™ Q3 2022

July 19, 2022
Financial Services

Key Takeaways

In Q2 2022, the Financial Services Audience Attention was the highest on TikTok, followed by YouTube and Facebook.

However, Financial Services Competitors’ Focus is highest on Instagram, TikTok and Twitter. High competitors’ focus on Instagram was driven by Revolut, which gained 19K IG followers and generated 521K engagements and Chime, which gained 56K IG followers and generated 385K engagements in Q2 2022. High competitors’ focus on TikTok was also driven by Revolut, which generated 179K engagements and Chime, which generated 675K engagements in Q2 2022.

There is whitespace opportunity on YouTube, Facebook, TikTok Pinterest, Snapchat, Reddit and Twitch, where there is high Audience Attention and low Competitor Focus.

Instagram and Twitter are oversaturated platforms with high Competitor Focus and low Audience Attention.

Audience Attention is stable for across all platforms with less than a 10% change this quarter.

Competitor Focus is growing substantially on TikTok and Reddit this quarter.

Competitor Focus shrank significantly this quarter on YouTube and TikTok.

Competitors in the Financial Services industry are currently not active on Pinterest, Snapchat, and Twitch.

Composite metric consists of video views, Monthly Active App Users, and Monthly Unique Site Visitors

Composite metric consists of post cadence, audience growth, engagement volume, organic video views. Competitor’s focus is comprised of the top 14 brands in the FS industry.

Competitors are not active on Pinterest and Twitch. Snapchat data is not available.

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