TY  - JOUR
AB  - Subject area Marketing of financial products.Study level/applicability Graduate level. Occasionally, for undergraduate students with a strong background on branding strategies and strategic analysis. Applicable to analyze how companies can improve their branding strategies in highly regulated industries.Case overview In 2016, Claire Solís was discussing with her team the paths to ignite growth and brand awareness of the only digital bank in Mexico. To better position the brand on the Mexican financial market, Bankaool had decided to go 100 per cent online, a branch-less institution. The case presents a condensed history of banking and the shifts in digital consumer behavior. As the case continues, Bankaool products are introduced along with some concerns to keep the business going, particularly, regarding the bank’s health and further growth. The newly appointed CMO and her team have to decide next steps to boost product growth just before the Fintech industry grows more mature and competitive – a scenario of more complex decisions. While they reckoned the potential of Bankaool in sales for the short term, they also need a strategy to position the Bankaool brand in the long term while they struggle with a need to accelerate growth and generate a return for investors.Expected learning outcomes To understand the launching of a new bank in the digital arena. To understand consumer behavior in a setting of increasingly higher digital coverage and diffusion of smart devices. To recognize that brand value goes well beyond product development and launch. To gain awareness on the perks and perils of a digital-only bank.Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.Subject code CSS 8: Marketing.
VL  - 7
IS  - 3
SN  - 2045-0621
DO  - 10.1108/EEMCS-02-2017-0016
UR  - https://doi.org/10.1108/EEMCS-02-2017-0016
AU  - Reyes-Mercado Pável
PY  - 2017
Y1  - 2017/01/01
TI  - Bankaool Bank: architecting an online-only financial brand
T2  - Emerald Emerging Markets Case Studies
PB  - Emerald Publishing Limited
SP  - 1
EP  - 17
Y2  - 2024/04/19
ER  -