PR vs Marketing for Fintech: What’s the Difference?
Fintech PR and marketing are often used interchangeably. PR is earned over time through relationships with journalists, investors and industry stakeholders, with the purpose to build credibility and managing reputation. Marketing is owned and controlled through a firm’s own channels and content to project the company’s values and vision and drive sales.
To apply each discipline at the right time, fintech firms need to understand the difference between PR and marketing, how each supports growth and how they work together across communications.
Why do I need fintech PR and marketing?
During periods of market uncertainty, PR acts as a strategic communications tool. It helps firms articulate tailored messages to relevant publications and audiences. This can help build trust with investors, partners and clients by reassuring them of the firm’s position, even in more volatile scenarios.
Marketing does not rely on editorial mediation. In other words, it is not filtered through the media. This allows marketing to focus more directly on product-led messaging, including features, performance and pricing.
How does marketing support fintech sales?
For prospective clients, the decision often comes down to whether the fintech product or service is trustworthy, cost-effective and efficient. While fintech PR and marketing may use similar communication tools, such as case studies, thought leadership and testimonials, the way these tools are used changes the outcome.
PR often uses third-party media to build a firm’s industry reputation. Its impact can be measured by analysing how many relevant trade media outlets have covered the announcement, how the firm’s content is referenced by industry bodies and whether there has been a perceived shift in reputation.
Marketing, on the other hand, answers the client question: “Will this work for me?” To convert interest into sales, marketing materials such as email campaigns, testimonials and website content are used to help prospects make decisions faster.
What does fintech marketing do differently from PR?
Marketing highlights the product overview, features and benefits across websites, landing pages and campaigns. It uses real client examples or success stories to bring in leads and support conversion.
PR, by contrast, announces industry milestones through press releases and shares executive insights through thought leadership interviews and comment opportunities. If one enhances reputation, the other helps turn that reputation into revenue.
How should PR and marketing work together?
In simple terms, PR and marketing operate as part of a circular lifecycle. PR continually feeds the ecosystem with content that builds credibility, while marketing uses that same content to support sales and conversion.
For example, a thought leadership article in a trade journal can be linked in an email marketing campaign. An award win can be showcased on the website’s homepage or a product landing page.
To make the most of both, fintech firms should apply PR and marketing together, while understanding their individual roles, processes and goals.