Stuart O'Brien
Do you specialise in Digital Signage? We want to hear from you!
Miconex launches Love Local digital gifting product into UK towns and cities
Fintech specialist Miconex has launched its Love Local digital gift card brand in the UK, working through the MasterCard network and digital wallet services such as Apple Pay.
Miconex operates over 100 Town and City Gift Card programmes around the UK and Ireland, and Downtown Gift Card systems across North America, which unify a wide range of businesses behind a local gift card, including national and independent retailers, hospitality, leisure and services, to create a secure, flexible gift and reward product for consumers and employers.
A Love Local app developed by the payments provider to accompany the new digital gift card will enable recipients to add the digital gift card balance to their Apple Wallet, or other digital wallet, view participating businesses, see their balance and spend online or in-store.
The Love Local brand will become an umbrella brand for Miconex’s Town and City Gift Card programmes in the UK and Ireland, with digital gift cards facilitated through the Love Local app.
Colin Munro (pictured), Managing Director of Miconex, said: “The shop local sentiment is evident in our work with programmes in the UK, Ireland, Canada and the US. Developing the Love Local brand allows us to convert that love local sentiment into spend, in a brand that will be as recognised and understood in Cambridge UK as Cambridge Canada. Theoretically, you could have your Downtown Gift Cards in your Love Local app alongside your Town and City Gift Cards. The Love Local brand also provides us with flexibility as we continue to develop new products for different use cases, and new tools for businesses and places to interact directly with an engaged consumer audience. The potential for Love Local is huge.”
The 2021 GCVA State of the Nation report suggests that the pandemic has accelerated the trend for digital gift cards, with 38.4% of respondents converting to digital gift cards. Whilst in-store redemption remains the most popular way to spend gift cards (54.8%), this has decreased considerably vs. 2019 (69.6%) indicating a trend towards online and mobile redemption. 21.6% of respondents redeemed their gift card via mobile in 2020, up from 11.4% in 2019.
Miconex also says there is clear move towards local shopping, with a reported 2000% year on year increase in online searches for ‘support local businesses’ in 2020. The GCVA found that almost a quarter of consumers (24.5%) purchasing a gift card for someone else in June 2021 did so to support local businesses and/or their local high street, with a similar percentage (24.9%) planning to continue to use gift cards to support local businesses.
A new Scotland Loves Local Gift Card, powered by Miconex and backed by the Scottish Government and Scotland’s Towns Partnerships, was announced in June. Munro said the introduction of digital gift cards was prompted by demand from towns and cities, and consumer trends:
“Working alongside our partners EML, MasterCard and Apple, we have created a cutting edge digital gift card product for towns and cities, breaking down the barriers that have previously existed and enabling places to have their own digital gift card for the first time. We listened to what our clients told us they wanted from their gift card programmes, whilst staying attuned to consumer trends.
“An estimated 1 in 3 adults are said to choose gifts based on how soon they can get them. For consumers, digital gift cards are instant, meaning they can send a last minute gift conveniently, whilst also supporting local businesses. The digital gift goes straight to the recipient. They receive a text or email, click on the link to download the Love Local app, then receive a code to add the balance to their digital wallet, making their purchase using their phone, or even their Apple watch. Ease of use for consumers is paramount, as is the trend towards mobile payments which is particularly pronounced in the UK.”
Is your data safe? 80% of global organisations expect breaches of customer records
Trend Micro and the Ponemon Institute have revealed the findings of a study which discovered that 86% of global organisations expect to suffer a cyber attack in the next 12 months.
The findings come from Trend Micro’s biannual Cyber Risk Index (CRI) report, which measures the gap between respondents’ cybersecurity preparedness versus their likelihood of being attacked. In the first half of 2021 the CRI surveyed more than 3,600 businesses of all sizes and industries across North America, Europe, Asia-Pacific, and Latin America.
The CRI is based on a numerical scale of -10 to 10, with -10 representing the highest level of risk. The current global index stands at -0.42, a slight increase on last year which indicates an “elevated” risk.
Organizations ranked the top three negative consequences of an attack as customer churn, lost IP and critical infrastructure damage/disruption.
Key findings from the report include:
- 86% said it was somewhat to very likely that they’d suffer serious cyber-attacks in the next 12 months, compared to 83% last time
- 24% suffered 7+ cyber attacks that infiltrated networks/systems, versus 23% in the previous report.
- 21% had 7+ breaches of information assets, versus 19% in the previous report.
- 20% of respondents said they’d suffered 7+ breaches of customer data over the past year, up from 17% in the last report.
“Once again we’ve found plenty to keep CISOs awake at night, from operational and infrastructure risks to data protection, threat activity and human-shaped challenges,” said Jon Clay, vice president of threat intelligence for Trend Micro. “To lower cyber risk, organizations must be better prepared by going back to basics, identifying the critical data most at risk, focusing on the threats that matter most to their business, and delivering multi-layered protection from comprehensive, connected platforms.”
“Trend Micro’s CRI continues to be a helpful tool to help companies better understand their cyber risk,” said Dr. Larry Ponemon, CEO for the Ponemon Institute. “Businesses globally can use this resource to prioritize their security strategy and focus their resources to best manage their cyber risk. This type of resource is increasingly useful as harmful security incidents continue to be a challenge for businesses of all sizes and industries.”
Among the top two infrastructure risks was cloud computing. Global organizations gave it a 6.77, ranking it as an elevated risk on the index’s 10-point scale. Many respondents admitted they spend “considerable resources” managing third party risks like cloud providers.
The top cyber risks highlighted in the report were as follows:
- Man-in-the-middle attacks
- Ransomware
- Phishing and social engineering
- Fileless attack
- Botnets
The top security risks to infrastructure remain the same as last year, and include organizational misalignment and complexity, as well as cloud computing infrastructure and providers. In addition, respondents identified customerturnover, lost intellectual property and disruption or damages to critical infrastructure as key operational risks for organizations globally.
The main challenges for cybersecurity preparedness include limitations for security leaders who lack the authority and resources to achieve a strong security posture, as well as organizations struggling to enable security technologies that are sufficient to protect their data assets and IT infrastructure.
Digital Customer Engagement Summit – Your key to success in 2022
Emerging video app Tiki wants to be the powerhouse for upcoming stars
Obtaining millions of views in less than a month is not just a dream. That’s what one can achieve on an emerging social platform named Tiki now being launched in the Middle East by DOL Technology.
Under its latest #TikiTalent campaign, more than 33.3M views have been reached and the number doesn’t cease to grow. Among diverse sub-tags covering sports, lifestyle, photography, food, music, etc., the most viewed one is #DancingStar with 2.2M views.
Behind the rising creator economy are the booming social media platforms in this region. For instance, Saudi Arabia leads an exponential annual growth of 8.7% in the social media industry and plans to embrace more opportunities with the ambitious Saudi Vision 2030 Program.
In a region swarming with social platforms, it’s fair to ask why it’s worth trying Tiki. Here’s what the company says are its USPs:
- Creator-first Platform
As a place for real talents and future stars, Tiki endeavors to allow every user to cultivate their gifts and talents to be the expert and realize their dream. No talented person will be disregarded in Tiki. Creator-first approach by focusing on creator development, content coaching, co-marketing, community building, and talent monetizing.
- Entertaining, Localized & Authentic Content
Tiki is dedicated to providing localized supports for local talents from different backgrounds. It’s respectful to local cultures and proud to give local content an exclusive stage. Tiki’s brand values are spreading happiness, sharing knowledge, telling inspiring stories, and moving to the rhythm.
- Community Value
Creators can build their fan base from ground zero, and fans can send direct supports and get in real touch with their favorite creators. Tiki spares no efforts to foster the connections for you by exciting functions like Leaderboard, Future Star, and endless campaigns like #TikiTalent.
“We’re starting a movement to empower creators to showcase their talents to their community and achieve fame from their passions and talents. It’s a place for real talents to pursue their own idea of success,” said Ian Goh, Operations Director of Tiki MENA.
Tiki doesn’t want to be seen as just another short video app – it described itself as a “glocalized” platform redefining the standard for short video creation and sharing.
Developed by Singapore-based DOL Technology and launched in 2021, Tiki has 16 million monthly active users.
Two-thirds of UK consumers return to brands who treat them as an individual
New research has revealed the extent to which the pandemic has changed customers’ expectations of brands, and the increasingly important role of a streamlined digital experience post-COVID.
The new data – from a survey of 2,000 UK respondents undertaken by OpenText – reveals that 62% of UK consumers are more likely to buy again from brands which treat them like an individual, rather than the same as any other customer. This demand for brands to engage with customers as an individual is mirrored across Europe – in Italy (70%), Spain (63%), France (59%) and Germany (55%).
Four out of ten (43%) UK consumers only buy from brands that make them feel they understand their preferences, such as communicating with them through their favourite channels or providing tailored deals.
Customer Experience is King
More than half (56%) of UK consumers would be put off buying again from a brand due to a bad experience. In fact, six out of ten (60%) do not believe there is such thing as a ‘customer for life’ anymore in 2021, suggesting that brands cannot rely on customer loyalty stretching far enough to recover from bad experiences.
Creating a frictionless experience for customers is key to providing a good experience. When buying products or services online, nearly three out of four (72%) UK consumers say that an easy search is very important to them. Furthermore, half (48%) prefer to shop with brands that auto-fill and remember their details for next time. There is, however, pressure on brands to store that data correctly: half (54%) would even be willing to pay more to do business with a brand that is committed to protecting their personal data.
“The COVID-19 crisis has been a dramatic catalyst for digital acceleration across all sectors, forcing businesses to change how they communicate with customers,” said Lou Blatt, Senior Vice President and CMO at OpenText. “As a result, customer expectations have also shifted. They now expect more from brands – more communication channels, more personalisation and, above all, a more continuous and connected digital experience. The ability to deliver rich, ultra-personalised communications at scale, across all touch points and channels, is now mission-critical for acquiring, developing and retaining customers.”
The importance of digital in a post-COVID world
For 54% of UK consumers, the pandemic has changed their expectations of what a brand’s digital offering should be. One fifth (19%) won’t use brands if their experience isn’t excellent when buying online.
Nearly half (46%) are now more comfortable with digital only businesses as a result of the pandemic. For more than 4 in 10 (43%) UK consumers, a personalised digital experience is now vital to them if they are to come back to a brand time and time again.
The research also reveals consumer perspectives on which organisations have risen to the challenge of providing an optimal experience during the turbulence of the last year. Four in 10 (40%) say bigger established brands have been able to offer a smoother digital experience than smaller ones during the pandemic.
“Creating a positive customer experience is all about removing friction and increasing relevance: the easier something is to do and the more relevant it is to each customer, the better the experience,” said Guy Hellier. Vice President, Product Management at OpenText. “Today, customers expect their journey, from researching products to tracking orders, to transition seamlessly from one digital platform to another while retaining a consistent personalised feel – delivered across any device, at any time. For brands, this means investing in a digital experience platform which enables them to integrate data, information, and assets seamlessly across different environments. Without this in place, brands will struggle to create and deliver the cohesive and personalised experiences needed to win and retain customers.”
Digital marketing solutions: 2021 buying trends revealed
Social Media Management, Customer Engagement and Lead Generation top the list of services the UK’s leading marketing professionals are sourcing in 2021.
The findings, updated from April this year, have been revealed by the Digital Marketing Solutions Summit and are based on delegate requirements at the recent event.
Delegates registering to attend were asked which areas they needed to invest in during 2021 and beyond.
A significant 61% are looking to invest in Social Media, followed by Customer Engagement at 58% and lead Generation & Tracking (55.6%).
Just behind were Google Ads (50%) and SEO (50%).
% of delegates at the Digital Marketing Solutions Summit sourcing certain products & solutions (Top 10):
Social Media 61.1%
Customer Engagement 58.3%
Lead Generation & Tracking 55.6%
Google Ads 50.0%
Search Engine Optimisation 50.0%
Email Marketing 47.2%
Engagement Marketing 47.2%
Online Strategy 44.4%
Strategy Marketing 44.4%
Multi-channel Engagement 41.7%
To find out more about the Digital Marketing Solutions Summit, visit https://digitalmarketingsolutionssummit.co.uk.
Marketing budgets have plummeted, says Gartner
In the annual Gartner CMO Spend Survey, the company surveyed 400 CMO and marketing leaders in North America, the UK, France and Germany from March 2021 through May 2021, tracking the critical areas marketers are investing in and where cuts are being made from people, programs and technologies.
“Despite facing in-year budget cuts in 2020 due to the pandemic, most CMOs expected budgets to bounce back in 2021. This budgetary optimism was misplaced, as marketing budgets have fallen to their lowest level in the history of Gartner’s CMO Spend Survey (see Figure 1),” said Ewan McIntyre, co-chief of research and vice president analyst in the Gartner for Marketers practice. “However, these cuts have been a slow burn over the course of the last year, where many marketing budgets have not recovered what was originally lost.”
The annual Gartner CMO Spend Survey, 2021 revealed that no one – regardless of company size or industry – has escaped swinging cuts in marketing budgets. In fact, no industry achieved a double-digit budget in 2021 (see Figure 2). Travel & hospitality, manufacturing and tech product companies have experienced the greatest cuts in 2021.
Meanwhile, consumer products and goods (CPG) companies reported the strongest 2021 marketing budgets at 8.3% of company revenue. Large enterprises got hit the hardest – companies with revenue of more than $2 billion reported the lowest average marketing budget of just 5.7%. On the other hand, companies with revenue of under $500 million reported the highest allocation to marketing with an average budget of 8.6% of revenue.
Gartner research shows CMOs have shifted spending commitments across their channels and programs, with pure-play digital channels – owned, paid and earned – dominating those priorities and accounting for 72.2% of the total marketing budget.
When looking at the largest resource allocation – agencies, media, labor and paid media – agency spend continues to decline.
“Albeit a small dip from 23.7% in 2020 to 23% in 2021, this continual change indicates significant in-housing activity, as CMOs reimagine the capabilities that can be supported by their internal teams,” added McIntyre.
CMOs report that 29% of work previously carried out by agencies has moved in-house in just the last 12-months alone. The focus of in-housing is changing as well – with brand strategy, innovation and technology, and marketing strategy development making up the top three capabilities areas CMOs are moving to internal teams. Meanwhile, marketing technology (martech) continues to dominate, taking up 26.6% of the total budget.
Digital Commerce Tops Program Spend
2020 and 2021 have seen drastic changes to customer buying journeys – both B2C and B2B alike, forcing even digital late-comers to accept the inevitable shift to online channels. When looking at budget allocation by programs and operational areas, CMOs report digital commerce makes up 12.3% of the total budget. Likewise, marketing operations and brand strategy make up 11.9% and 11.3% of the total budget.
However, while marketing analytics still commands 11% of the total budget, it has continuously dropped in prioritization – now in the fourth position in 2021.
“CMOs continue to invest in marketing data and analytics, however, for many, the results have failed to live-up to expectations,” said McIntyre. “Given recent and upcoming regulations, and changes in data collection, we expect this investment area to continue to be a strategically important capability, but also to continue to fluctuate until uncertainties subside.”
ASA publishes latest study into restricted ads in children’s media
The Advertising Standards Authority (ASA) has published the findings from its fourth monitoring sweep, as part of a year-long project to identify and tackle age-restricted ads appearing in children’s online media.
Whilst the overwhelming majority of age-restricted ads are targeted responsibly in online media, targeting audiences heavily weighted (75 %+) to adult audiences, a minority end up in children’s online media.
Advertisers placing age-restricted ads online are required, under the Advertising Code, to take care to target their ads away from child audiences. In particular, that means websites and YouTube channels designed for children or that attract a disproportionately high child audience cannot carry age-restricted ads.
The latest report continued what the ASA calls CCTV-style scrutiny of online ads for: gambling, alcohol, e-cigarettes and tobacco, slimming and weight control products and food and soft drinks classified as high in fat, salt or sugar (HFSS products).
Since undertaking the monitoring, the UK Government has announced new restrictions on the advertising of HFSS products on TV and online, which are due to take effect from the beginning of 2023. That policy shift does not change the ASA’s responsibility to take action against HFSS ads placed, in breach of the current rules, in children’s media.
Between January and March 2021, using monitoring tools to capture age-restricted ads served on a sample of 49 websites and 12 YouTube channels attracting a disproportionately high child audience, the ASA found that:
- Overall, 158 age-restricted ads broke the advertising rules; and
- In total, 41 advertisers placed age-restricted ads in 33 websites and 8 YouTube channels aimed at, or attracting a disproportionately large, child audience.
A breakdown of ads by product category that broke the rules reveals:
Alcohol:
- 7 alcohol ads by 3 advertisers on 8 websites
Gambling:
- 29 ads by 3 advertisers on 17 websites
HFSS:
- 117 ads by 31 advertisers on 31 websites and 8 YouTube channels
Weight reduction:
- 5 ads by 4 advertisers on 4 websites
Smoking:
- No ads for e-cigarettes or tobacco products were picked up during this monitoring period
The ASA says its preliminary inspection of the data suggests that the majority of advertisers who it identified breaking the rules in earlier monitoring sweeps have not reoffended. It has warned the advertisers who we have caught in this latest sweep to review and, as necessary, amend their practices to ensure they target future ads responsibly.
Throughout the last year, harnessing innovative monitoring technology as part of a five-year strategy, More Impact Online, has proved effective in helping the ASA identify and tackle irresponsibly placed ads for age restricted products at scale and speed to better protect children.









