Financial Services

Bitcoin: The Future of Currency or Speculative Bubble?

In the past couple of months, Bitcoin has become a buzzword that’s popping up everywhere. It’s appeared in countless news articles, in social media, and even the US Senate is talking about it. So what exactly is Bitcoin, and why does it matter?

Sunday Series: Business & Finance Blogs See Increase in Business

August was a good month for the “Business & Finance Blogs” category, seeing a 17.6% month-over-month (MoM) increase in traffic – an increase that the category as a whole hasn’t seen (excluding the June to July increase) in two years. It is hard to say why exactly the category as a whole is seeing such a lift, but there are certainly a few key sites that are contributing.

Mobile Banking Today: Highlights from #MCS2013

As we continue to study the consumer path to purchase, changes in mobile commerce and banking help drive the behaviors and adoption of “the mobile purchase.” Consumers are more comfortable with mobile transactions, online banking, and custom mobile apps–and the banks are paying attention. We identified three themes from the 7th Annual Mobile Banking and Commerce Summit in Miami with fresh new statistics…

2013 Tax Season: TurboTax Remains King in Procrastination Nation

In our increasingly digital world, online accounting and tax services are a huge industry: the category of 52 sites had nearly 62 million Unique Visitors (UVs) in February, the height of the tax filing season. How did consumer tax-filing behavior compare to last year’s tax season? Here are some insights I pulled from Compete PRO…

Sunday Series: Business & Finance Blogs See Green in April

Last month brought tax Season to a close–there was no shortage of financial stories to discuss in April. Where did Americans look to for in-depth financial news, besides the mainstream media? 12.6 million Unique Visitors (UVs) browsed business and finance sites (a group of 55 sites) in April, up 12 percent month-over-month (MOM)–making it one of the fastest growing categories. Interestingly, neither Google nor Facebook was…

Is Search So Easy a Caveman Could Do It?

As far as auto insurance goes, buying has only gotten easier. In fact, GEICO would say it’s so easy a caveman could do it. And while Progressive’s Flo might think differently, I decided to look and see how well these sites are performing. Last year we took a look at some of these celebrity icons in “So This Gecko, Caveman, and a Woman named Flo Walk into a Bar: Part 1”…

Free Report – Digital Trends: Consumer Behavior in Key Financial Sectors

This white paper provides an update on financial service (FS) consumer online behavior trends that occurred over the past year. We aim to provide you with a clear sense of what is currently going on in the online landscape by examining key metrics – derived from Compete’s panel of two million consumers – to evaluate and benchmark how the industry is performing.

Will Banks Remember, Remember the 5th of November?

There’s been a lot of talk recently about November 5th, the unofficial “leave your bank” day, a grassroots effort against large corporate  banks who aim to replace the revenue they were getting from small business with new user fees. I decided to take a look at the Facebook page surrounding the “Bank Transfer Day” campaign and found that it has already garnered over 28,000+ likes and is being “talked about” by

Click-through Rate on Mobile Ads Higher than Desktop

Image from: Borys Shevchuk/Shutterstock In our quarterly survey of approximately 1,200 financial product owners – Compete’s Mobile FS Intelligence survey – we seek to understand sentiment on the mobile channel across the banking, credit card, brokerage, and auto insurance industries. In this blog, I’ll share a little bit about the effectiveness of mobile ads within the financial services (FS) industry. Of those surveyed, 77% of FS consumers didn’t recall seeing

Use of Mobile Tap and Pay Will Double in the Next Year, but Mainstream Mobile Wallet Adoption is Far Off

Last month, the stock prices of credit card networks jumped after Google announced the expansion of its Google Wallet. Google added Visa, American Express, and Discover to its mobile payment system, which already included MasterCard. With Google’s digital wallet, consumers can pay for goods and services by tapping their Smartphone to capable terminals, instead of swiping a credit card. Wall Street apparently likes the idea of the digital wallet, but

Buck Up! Why Twenty-Something’s Aren’t Vacuuming

Image from: auremar/Shutterstock I am by no means financially savvy. But come November 21st I will be joining the thousands of other recent graduates and start clipping coupons, putting just 10 dollars in my tank at the gas station and paying back my student loans as my 6 month grace period has ended. Adulthood comes with a lot of responsibility, and while I did just buy my own (and first)