News

Poking fun at ourselves will give us edge over rivals, says new marketing head at ING Direct

Screen Shot 2015-07-16 at 10.04.48 AMING Direct has set itself apart from rivals by adopting an irreverent, self-deprecating approach that has broken the mould of financial service advertising, its new head of marketing has said.

Fiona Nicol told Mumbrella that while the company takes its customers and money “very seriously”, its aim was to inject an element of fun into the tradionally-staid sector and make banking “an enjoyable experience”.

ING Direct’s current multi-million dollar marketing push from VCCP fronted by Isla Fisher, in which the Australian actress pokes fun at the brand, is symptomatic of its approach, Nicol said.

The comments came during her first trade interview since joining the bank in May after a 12-year career with Zurich Financial Services, 10 of them overseas. Nicol also consulted at Westpac’s BT Financial Group immediately prior to her current role.

Nicol said ING Direct differs from most financial organisations as she described the business as “fast-paced, dynamic and innovative”.

“What stood out for me at ING Direct was that it has a growth strategy, an incredible customer focus – not just talking about it but living and breathing it – and an innovative edge that you don’t traditionally see in financial services,” she said.

“We started off as a savings bank and we did phenomenally well in that area. We are now trying to reinvent the landscape about how banking can be and how it can be an enjoyable and pleasurable experience.”

The Isla Fisher campaign taps directly into the bank’s ethos, she said.

“That is our brand, that’s how we see ourselves,” Nicol said, referring to the self-deprecating advertising campaign which sees Fisher shift perceptions of the company in a light-hearted series of commercials.

https://www.youtube.com/watch?v=RvoibBNLQEU

The TV, social and digital campaign, which is looking to position ING as a primary bank, also invited customers to share their thoughts and experiences of the bank on a microsite.

“Yes, we take money seriously but we don’t take ourselves too seriously. The campaign is a bit cheeky, it’s innovative and a bit edgy,” Nicol said.

“The campaign microsite itself is quite a brave move. How many other financial services institutions would invite their customers in a very public way to tell us what they thought. That in itself was different.”

https://www.youtube.com/watch?v=Jp-0Y4ExYkY

Nicol denied the irreverent nature of the messaging was in danger of undermining the bank’s desire to be taken seriously and become a genuine alternative to Commonwealth Bank, Westpac and ANZ.

“It is quite possible to be irreverent and serious. People are saying we are doing just that. It is all part of breaking down the boundaries of how people perceive things,” she said.

Nicol said the invitation for public comments has drawn 30,000 responses, many of them remarks “you would not expect people to hear about a bank”.

“We were very, very surprised at the level of responses, which have been overwhelmingly positive. It has far exceeded our expectations ” she said. “The concept behind the campaign has been customer advocacy. Australians trust their friends and family and we have leveraged that in our campaign to get the message out.”

While the marketing boss said the campaign had been positively received, she declined to provide specifics on customer growth.

“At the end of the day, for any business [growth] is the bottom line, but I would also say that keeping our existing customers happy and being able to engage with them is really important too,” she said.

“We want to be tracking in a certain direction by the end of the year and it’s looking positive.”

The Isla Fisher campaign is scheduled to run throughout the year with a plan beyond then yet to be finalised. But Nicol said there was sufficient material to keep the campaign “alive and to keep it different”.

She told Mumbrella the bank’s future marketing will not be “cut and dried”, with all channels likely to play a part, but agreed that digital and social will become increasingly important.

“What channel you use depends on the message you are trying to get across,” she explained. “TV is the best way to build your brand awareness and change people’s perceptions, but I think we will continue down the path of using a lot of digital and social, particularly as we are a direct business.

“Every channel has its purpose.”

Steve Jones 

ADVERTISEMENT

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.