What is Fintech PR and Important Elements of Strong Fintech PR Firms?
The word “Fintech” is a combination of the term “finance” and “technology”. It is used for businesses that enhance financial services and processes.
The fintech industry is at its peak today and the famous name that comes first in mind when thinking about leading industries is PayPal, Apple Pay, SoFi, GoFundme, Payoneer, and Transferwise.
Financial technology is introduced in the market to make financial services more accessible to the general public.
Traditional financial transaction services such as saving, investing, and loan processing are upgraded with new financial technologies like cryptocurrencies and blockchain.
But Fintech firms still have a long way to go as many consumers are still not using banks or other financial institutions and here leading PR firms to play a very critical role.
Fintech PR can help in standing it out from the crowd.
Check out the list of some important elements of strong Public Relations for Fintech Firms:
- For any successful company, conveying strong and consistent messaging to the target audience is its foundation but for fintech, it is the most very important component. The core messaging of the company must be clear in front of the investors and the consumers. A PR firm can help in understanding various critical questions like what is the purpose of Fintech firm, how the firm is different from the others, what is their vision for the future, what value the company is going to bring to the market etc. Fintech PR helps in making sure about the online presence of your brand on social media, website, or any other marketing collateral that reflects your brand and its value proposition.
- After deciding what message to convey, the next important thing is how to and when to say it. To execute it all you required is a well-balanced PR strategy. A comprehensive plan prepared by a PR agency must include media relations (earned media), social media, content marketing, awards, and conferences. All these also include crisis management plans, IPO communications, investor relations, etc.
- While executing the plan it is important to keep the track of whether the plan is running in the right direction or not. Now, how to track success? A good fintech PR firm will always keep the track of the activities and the results coming from them. With the help of various software, the results can be easily tracked. They can also help in keeping a record of ROI which is very important in the process.
- The last important thing is to have a perfect team in place. A PR team of skilled people and a well-trained spokesperson can lead in preparing good strategies and efficiently executing them. A spokesperson is important for handling various media interviews and potential investors. It is very important to be presentable in front of media interviews and investors as one wrong training or media presentation can lead to a big disaster.
A fintech PR firm will help in conveying the proper message for your firm along with maintaining and spreading the positive reputation of the brand.