Financial Services
Social media underutilized at banksPosted by RJ and Makay on Apr 02, 2012 |
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Most private banks and wealth managers are quite clumsy in their utilization of social media, according to a recent survey of 50 leading private banks and wealth management firms by Swiss consulting firm Assetinum. The survey found that most banking institutions had developed “amateurish” social media strategies, were “hibernating” on Facebook and exhibiting “tokenism attitudes” to Twitter and YouTube.
Watson, the IBM-developed supercomputer that was victorious against human champions of the game show Jeopardy last year, will soon be strutting its stuff in an advisory role on Wall Street. Citigroup Inc., the nation’s third-largest lender, became Watson’s first financial services client, IBM announced yesterday. In its risk management, portfolio and client role, Watson will analyze customer needs and process economic, financial and client data to grow Citi’s banking and investment services.
An extensive study by research specialist Amanda Kimball of the University of California (Davis) Graduate School of Management has made alarming findings on the pace of women’s progress at large California companies. The 
