Regardless of industry, all brands are looking to grow
That’s because strong brands deliver. Decades of data has shown the strength of the best brands – with 96% of the top-40 brands yielding nearly double the total return to shareholders. And while differentiation is the top brand factor driving share performance, only 15% of brands are differentiated. That’s especially true in financial services. “There is an undeniable ‘sea of sameness’ in in this category, with literally thousands of banking brands sharing the same name and often the same colors, logo motifs, and even marketing language,” according to Adrenaline’s ROI of Rebranding.
When Adrenaline surveyed financial industry leaders about their institution’s brand priorities, four out of ten said that standing out is their top priority, and 30% said they need to articulate a differentiated message. Financial organizations understand the power of their brand, which is why three quarters of them them have refreshed their brand just in the last three years alone. While most banks and credit unions know the purpose of a brand is to build awareness among consumers and draw distinction among competitors, they simply lack the expertise and experience inside their organizations to make significant brand change.
That’s why Juliet D’Ambrosio, Adrenaline’s Chief Experience Officer, hosted the Brand Strategy Masterclass at this year’s Financial Brand Forum. This high-energy workshop explored the ins-and-outs of rebranding and shared best practices and lessons learned from banks and credit unions successfully repositioning their brands for growth. The workshop included hands-on learning sessions on brand differentiation, brand purpose and brand archetypes, helping organizations to connect and grow with the right audiences.
In these three videos, we’ve rounded up some of the key learnings featuring a unique form of visual storytelling.