MarketingBanks.com partnered with Richardson Marketing to evaluate how well U.S. financial institutions are actually performing in today’s multichannel marketing environment. The original goal was simple: measure where banks are wasting money, where they’re blind, and where they’re unintentionally pushing prospective members away.
Modern tools, no system: the state of bank marketing
How U.S. banks and credit unions are using analytics, CRM, automation and multichannel advertising — and why most still can't connect spend to results.
Executive summary
The typical institution heading into 2026 already owns GA4, a CRM, an email platform and some automation. The problem isn't the stack — it's that the pieces are loosely wired together, measured inconsistently, and decisions still lean on instinct over evidence.
Fragmented data
Customer data is spread across many systems that rarely talk to each other, so no one sees the full picture.
Invisible waste
Without attribution, a meaningful share of digital budget can't be linked to any outcome at all.
Alignment over software
A measurement framework, clean data and a marketing-ops owner unlock the tools banks already pay for.
The fragmentation crisis
The most consistent theme in the survey: data stored in too many places, collected in different ways, and nearly impossible to unify.
6.3 platforms hold customer data — on average
have all of these systems connected.
Migrated to GA4 ? understands GA4
Recurring complaints: unclear what's being tracked, dashboards that disagree with internal figures, and different "truths" depending on who's asked.
High adoption, low data quality
The pattern: institutions keep adding features rather than repairing the foundation.
Automation: big investment, small return
Onboarding flows, nurture emails and triggered alerts are table stakes — but few institutions are using them in ways that actually move product usage.
Nobody rated their automation "excellent"
Bad data in, broken journeys out
Nearly every automation failure traced back to incomplete CRM data. Typical symptoms:
2.3 · Missing role. Only 7% of banks have a dedicated marketing operations or marketing technology lead — the person who connects analytics, CRM and automation. Without one, each tool becomes an island.
Multichannel blindness
Bank marketing now spans paid search, social, video, email, branch, web personalization, direct mail and in-app messaging — yet 86% of respondents have no unified view of customer behavior across them.
14% model attribution at all
Everyone else relies on last-click, instinct, or whichever channel owner argues loudest.
$380K – $1.1M / year
Estimated digital spend at a typical mid-tier bank that can't be tied to outcomes — a visibility problem, not misconduct.
What banks actually want
Asked for their top frustrations, respondents didn't ask for more tools — they asked for the ones they have to work.
Six core fixes for 2026
The study's recommendations, developed with Richardson Marketing from the gaps observed across participating institutions.
Build a unified measurement framework first
Before buying anything else, define what success looks like and how it's tracked everywhere.
- Primary KPIs (real conversions)
- Secondary KPIs (leading signals)
- Cross-channel conversion paths
- Consistent naming conventions
- One event set across GA4, CRM & automation
Rebuild GA4 properly — not a patch
- Well-defined events and configured conversions
- Duplicate / ghost events removed
- Correct cross-domain tracking
- App + web streams consolidated
- Dashboards mapped to business KPIs
Unify CRM into a single customer view
- De-duplication & identity resolution
- Standardized customer attributes
- Lifecycle mapping & behavioral tagging
- Product-holding datasets
- Stitched historical data
Make automation a lifecycle engine
applications
engagement
churn
Implement true cross-channel attribution
Add a marketing operations function — even a team of one
The one trait every high-performing bank in the study shared: a named owner for the plumbing.
A practical 90-day starter plan
One way to sequence the six fixes so each step builds on the last.
Own it & define it
Name a marketing-ops owner. Write the measurement plan: 3–5 primary KPIs, naming conventions, and a shared event dictionary. Audit where customer data lives.
Fix the data
Rebuild GA4 against the event dictionary. De-duplicate the CRM and standardize key fields. Reconcile GA4 conversions to core-banking account openings.
Connect & prove
Launch one lifecycle journey (e.g. new-account onboarding). Stand up Phase A attribution: spend vs. conversions by channel. Report monthly to leadership.
Where does your institution stand?
A quick self-check based on the study's gaps. Tick what's true today.
Banks don't need more software. They need a system.
The institutions that win in 2026 will integrate what they already own, break down data silos and build a clear measurement structure. The shortfall isn't effort — it's alignment.
Source: 2025 Banking Marketing Performance Study — MarketingBanks.com Research Group & Richardson Marketing.
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