Case Study By Industry | Financial Services & Banking

Case Study By Industry | Financial Services & Banking


The Diverse Segments team of a major Financial Services & Banking brand has a dedicated focus on understanding the specific needs and preferences of consumers to help inform culturally relevant and authentic in-market executions. While the team partners with many market research vendors, they came to Collage Group to add depth to their insights across multicultural and generational consumers in the U.S.  

While the team had developed many successful dedicated advertising executions across the years that speak to cultural nuances, the Financial Services & Banking brand approached Collage Group with a new challenge. They wanted to prove that cultural insights can be applied to create campaigns that widely resonate across the total market, as well. 


Collage Group has supported many brands in this effort with more than 10 years of quantifiable data evaluating more than 300 brands and ads. The data overwhelmingly shows that culturally resonate advertising featuring a specific segment can and will resonate across broader audiences if done in an authentic, relatable way. This is counter to the thinking that brands face a “trade-off” when deciding between a culturally nuanced dedicated ad aimed at a specific consumer segment and a more generic total market execution.


Collage Group partnered with the Financial Services & Banking brand to recommend a solution that would apply the CultureRate:Brand and Ad evaluation methodology in depth across its brand and ads. The result aimed to illuminate that it is possible to break the “genpop vs. targeted” trade-off specifically among the financial sector, helping the Financial Services & Banking brand escape the trap of being generic or forgettable. Further, the solution included key takeaways for the brand to understand where and how they rank among their competitors, and make informed decisions for future ad and brand investments.

CultureRate:Ad Evaluation

Through CultureRate:Ad, the Financial Services & Banking brand’s ads were put to the test as part of a suite of rigorous methodologies that helped brands navigate the rapidly shifting consumer landscape. The ads were evaluated on two metrics: the Ad Cultural Fluency Quotient (A- CFQ) and Backlash, both of which are supported with an exhaustive range of diagnostic metrics.
    • A-CFQ is Collage Group’s proprietary KPI that uses four factors to optimally predict high brand favorability and purchase intent.
    • Backlash metrics take conventional brand favorability a step further by quantifying the degree to which an ad can “flip” perception from positive to negative or vice versa.
Combining A-CFQ and Backlash metrics for target segments revealed the dynamics that made for the Financial Services & Banking brand’s ads successful, or unsuccessful, as compared to their competitors.

CultureRate:Brand Evaluation

Through CultureRate:Brand, the brand was evaluated on the Brand Cultural Fluency Quotient (B-CFQ), which measures how well brands are resonating with consumers. It assessed the Financial Services & Banking brand along six key cultural dimensions: brand fit, relevance, memories, values, trust and advocacy. The B-CFQ Threshold then helped illuminate for the Financial Services & Banking brand whether their B-CFQ score was high enough to lead to increased brand favorability and purchase intent.


As a result of the CultureRate:Ad and Brand evaluations, Collage Group provided key insight into how the the Financial Services & Banking company’s brand and ads are performing across each diverse consumer segment – Hispanic, Black, Asian and NH-White consumers – as well as by Hispanic Acculturation level.


The findings – which evaluated the Financial Services & Banking company vs. its financial service competitors – showed, that while it may be harder for those in the financial space to develop cultural connections with consumers overall, there are still clear winners that have broken through to resonate with multiple segments simultaneously.


Evaluating how the Financial Services & Banking brand performed within each consumer segment, as well as in direct relation to their key competitors, enabled the Financial Services & Banking brand to understand their competitive positioning and make informed decisions for future ad and brand investments. This work was then shared across the Diverse Segments team to illuminate, and take action on, where the brand was winning and identify opportunities for growth.

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Case Study By Industry | FinTech

Case Study By Industry | FinTech
Global Corporate Revenue: $7 Billion

Insight in Action: Improving Online Experiences to Win Hispanic Consumers

Learn how the world’s leading brands are applying Collage Group’s cultural insights to drive enhancements in the online financial experience that improve cultural resonance.


Believing Hispanic consumers preferred in-person and in-language tax preparation and advice, an online tax preparation company’s Senior Marketing Manager was eager to deepen the company’s understanding of this rapidly growing consumer segment.


As part of Collage Group’s Work to manage the complex digital experience in financial services, the Manager provided strong hypotheses to inform the project scope. The Collage Group team synthesized these insights with other member inputs to evaluate the strength of the language hypothesis and place it in the context of new consumer insights on privacy concerns and institutional trust.

As a result of identifying areas of shared value across the data and insights among membership, the Manager was able to combine these insights with other Collage resources to enhance the product experience.


Collage Group provided information and insights critical to improving the consumer journey to better link highly tactical issues specific to tax preparation with broader group traits among Hispanic consumers. 

Collage Group insights improved the online customer experience by linking tax preparation issues to Hispanic group traits.
Category-level detail asked for by the client was a useful, practical starting point for connecting with specific demographics.


More deeply understand Hispanic preferences for in-language and in-person tax advice.


Syndicated cultural intelligence research on how to manage the complex digital experience in financial services provided the foundation for member hypothesis testing that could be connected to a larger understanding of Hispanic consumers.


Collage’s deep dive into cultural insights allows brand leaders to interpret the category-level detail into broader strategy and application of the insights.


Immerse in Hispanic cultural experience


Webinars and presentations on Hispanic Cultural Traits revealed how the cultural traits of Warmth and being Tuned-In could serve as a roadmap. This helped enhance the company’s strategy to motivate changes in category-specific preferences in the context of understanding and engaging the overall segment.


Putting Insights Into Action

Instead of being satisfied with shallow insights into the Hispanic segment that equated “in-person” and “in-language,” the Manager found that two factors could be leveraged to improve the Hispanic online experience, including: (a) a tendency to trust institutions more than other demographics, and (b) the fear of not making mistakes when preparing taxes in English.

To activate more effectively, the Manager integrated these category specific findings with Collage insights into the Group Traits of Hispanics, particularly the Warmth and being Tuned-In traits.

The Manager realized that Hispanic adoption of an online financial experience would depend on clearly showing that fully bilingual online representatives and audit support could reduce fear of making mistakes. Further, these offerings could be positioned at key phases of the product experience to drive upsell of audit services.

In addition, the Manager recognized that these services needed to be positioned in ways that appealed to the Warmth group trait, which aids in connecting respect for institutional authority with the desire for friendly interaction.

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