Banking in Second Life: Marketing Opportunities and Repercussions

Abstract:     
This paper presents two cases of real banks operating in metaverses, and more specifically within Second Life, in order to highlight the potential of such worlds as business and marketing platforms. We present the way the selected banks develop a business and marketing presence in the three dimensional environment by looking at the similarities and differences among their approaches. Subsequently, we emphasise the marketing implications of their approaches by examining the customer relationship management repercussions. At the end we provide further insights into this evolving and dynamic business phenomenon, highlighting specific avenues for future research.

Number of Pages in PDF File: 8

Keywords: virtual worlds, electronic marketing, banks, customer relationship management, metaverses, Second Life

JEL Classification: M31

working papers series