Facebook Case Study Bradesco
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Transcript of Facebook Case Study Bradesco
Founded in 1943, Bradesco turns 70 in 2013
and is one of the leading banks in Brazil. It
offers a wide service network, with more
than 53,800 service points throughout
Brazil.
facebook.com/Bradesco
Key Results
Goals
As the first bank in Brazil—and the fourth in world—to enable
Internet banking, Bradesco was already an innovator in the
financial services industry. The brand was looking to continue
its leadership by expanding its presence on Facebook to:
• Connect with more existing customers and acquire new ones in
a place where they already spend a lot of time
• Encourage customers to use F. Banking, the first banking app
entirely within Facebook to be developed by a Brazilian bank
Strategy
Bradesco decided it wanted to be the first financial institution
in Brazil to go big in social. Its solution was to create a Facebook
app that customers could use to conduct their everyday
financial transactions. But the bank decided first to build its
presence on Facebook for the long term, using Facebook Ads
to encourage consumers to like its Page and engage with the
brand’s relevant content on the Page. That way, once the bank
integrated with Facebook through the app, Bradesco believed
there would be an engaged base of customers who would use
the app and also tell their friends about it.
Working with Facebook and the brand’s agency AG2 Publicis
Modem, Bradesco developed F. Banking, which is designed
to eventually allow people to use Facebook to check their
bank balance, pay bills, purchase financial services products
and transfer money among Facebook friends. It also plans to
develop a mobile version of the app.
Pre-Launch
Bradesco knew that for the app launch to be successful, the
bank would need to connect with more of its customers on
Facebook. Working with One Digital, the bank set out to acquire
new fans from existing customers, starting with a base of 38,000
in the beginning of 2012.
Brazil’s largest bank now sees more than 4,000 customers
daily using its Facebook banking app, after connecting
with more than 1 million consumers on its Page and using
Facebook ads to raise awareness of the new service.
Case Study | Brand Awareness
Agencies:
One Digital / AG2 Publicis Modem / New Vegas
30,000+ access accounts through
Facebook monthly
20%increase in monthly users
200,000+brand mentions
• To encourage people to connect with the Page, Bradesco began
running an always-on campaign of ads in Markeplace six
months ahead of the March 2012 app launch:
• Bradesco targeted men and women 18-34
• During the two weeks leading up to the app release, it ran
Page post ads in the Facebook news feed on desktop and
mobile, bringing the fan count to more than 1 million
Launch
To drive awareness and use of the app around the launch,
Bradesco used several of Facebook’s largest reach vehicles to
target the more than 1 million people who had connected to its
Page.
• A reach block targeting all 48 million monthly active Facebook
users in Brazil guaranteed 100% share of voice on the right-
hand side of the Facebook homepage over a 24-hour period and
included placements in the Facebook news feed on mobile and
desktop.
• The ads featured text about the benefits of the app and drove
directly to the application.
Post-Launch
The bank continued its always-on media strategy in
Marketplace to keep connecting with customers on Facebook.
• It used sponsored stories that tell people when their friends
had liked the Bradesco Page, widening its base of connections
to friends of fans
• It created content with a focus on engaging people around the
business, working with New Vegas agency specializing in social
media
Results
• 30,000+ customers daily access their Bradesco accounts
through the Facebook app
• 20% increase in monthly users of the app
• 200,000+ brand mentions in social media, up from just 6,000 in
less than a week, after launch
• 74X increase in fans to more than 2.8 million from 38,000 in
just six months from Facebook Ads
Login Page
Tools Used
• Reach Block
• Target Block
• Page post ads
• Sponsored stories
• Placements in mobile and desktop news feed
• Canvas app
Case Study | Brand Awareness
“Our purpose is to give customers something
that makes sense to their lives. We are
introducing new features and we are
already working on other innovations that
may be included in the application as we’re
always aiming to make life easier for our
customers.”
Luca Cavalcanti, Director, Bradesco