FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

How Marcus by Goldman Sachs’s Marketing Campaigns Are Designed

Tatjana KulkarnibyTatjana Kulkarni
November 1, 2018
in All Posts
Reading Time: 2 mins read
0
Share on Facebook

Marketing for financial services is more than simply acquiring new customers with pretty packaging and cool Snapchat filters. Dustin Cohn, who heads brand marketing for Marcus by Goldman Sachs, said marketing is also an important tool to service, and thus retain, existing customers.

“The key to marketing in financial services today, and certainly the key to our marketing strategy at Marcus, is to educate the consumer,” Cohn said. “We’re trying to add value above and beyond our products, whether that is communicating our offerings or informing customers about things that are outside Marcus.”

There is also a crucial compliance angle when it comes to advertising for financial services.

“For example, you cannot target specific ethnicities because of the Fair Lending Act,” Cohn said. In contrast to lenders, a phone company can target a specific demographic (notice all those call-family-around-the-world campaigns).

“So the way we look at our campaigns and branding is to serve, inform, and demystify finance for people,” Cohn said. “And for us to provide that service, you don’t need to be a Marcus customer.”

Clarity Money, which Marcus acquired earlier this year, comes to mind.

“The way I think of Clarity is it lets us interact with regular customers by giving them tips, helping them budget, etc.,” he said. “For example, many people don’t know they can pay off credit card debt with a personal loan, we communicate that through Clarity.”

Of course, it also helps Marcus given that one of the company’s core businesses is offering personal loans. So far, Marcus has originated over $4 billion in loans, according to Cohn.

Its other core business is a savings account product, offering an APY rate of 2.05%. “That’s four times the national average,” Cohn said.

To market that benefit to consumers, Marcus kicked off a campaign today, releasing a video survey showing that 60% of those with savings accounts don’t know their APY rates, while 56% of consumers opened accounts with their banks without exploring other options. The survey found that the average APY is 0.5% or less.

And to supplement this ad campaign, Marcus launched a feature that lets customers switch over to a Marcus savings account through the Clarity Money app. Consumers are given the option to open an account through the app or are prompted to the website.

The entire account-opening process can be completed in a few minutes and can be done via mobile.

So far, Marcus has $26 billion in deposits to date, and over 1.5 million customers in the U.S. across lending, deposits and Clarity Money, he said.

Marcus hopes this campaign helps increase those numbers.

Other forms of marketing that Cohn has used for the company include social media platforms like Instagram, YouTube and Twitter. And like other fintech companies such as investment platform Acorns, Betterment and some challenger banks, Marcus also finds marketing value in its Marcus Content Hub, a blog where the company posts financial advice, and proprietary research.

Tags: AcornsbettermentExclusiveGoldman SachsInstagramMarcusPremiumSales & MarketingSnapchatTwitterYouTube
Previous Post

Can QR Codes Make It in America? SwiftPass Thinks So

Next Post

Most Americans Struggle Financially, But Will It Guide Innovation?

Related Posts

Signage for Mastercard during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 3, 2022. The conference runs through Nov. 4. Photographer: Lionel Ng/Bloomberg
All Posts

Mastercard most concerned about frontier model cybersecurity threats

July 31, 2026
(AI-generated)
All Posts

AI-driven ‘SaaSpocalypse’ fears overblown, experts say

April 1, 2026
All Posts

Is Your Technology Supplier There for You?

April 1, 2026
Next Post

Most Americans Struggle Financially, But Will It Guide Innovation?

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account