Social network banking: A case study of 100 leading global banks
Journal article, 2018

Social media is widely recognized as a challenging new communication technology in both economic and social contexts. The present article explores how banks have exploited this technology in the range of consumer retail banking services offered by 100 leading global banks on the three major social networking sites (SNS): Facebook, Twitter, and YouTube. Viewing social network (SN) banking as a separate delivery channel and offering a working definition of SN banking, the article shows that banks have been more cautious than other businesses in using SNS. The available services are classified on nine main dimensions: marketing, financial education and advice, information support, customer support, sales representativeness, customer engagement, online recruitment, survey and polling, and other services. The scope of these SN banking services is for the most part non-cash-based. Conclusions, implications, and recommendations are discussed and future research priorities are identified.

Social network banking

Social network sites

Social media

Retail financial services


Erik Bohlin

Chalmers, Technology Management and Economics, Science, Technology and Society

Aijaz A. Shaikh

University of Jyväskylä

Payam Hanafizadeh

Allameh Tabataba'i University

International Journal of e-Business Research

1548-1131 (ISSN) 1548-114X (eISSN)

Vol. 14 2 1-13

Subject Categories

Human Aspects of ICT

Business Administration

Information Systemes, Social aspects



More information

Latest update

5/8/2018 6