It’s a well-known fact that compliance and regulatory issues have held many financial institutions back from embracing the social media world, but based on data released in May 2014 by American Century Investments, this may be changing.
While regulatory or compliance issues remained the top concern about social media usage among US financial professionals polled in Q1 2014, the percentage citing this as their primary worry had dropped from 47% in 2010 to 36%. Concerns about privacy breaches remained steady, still cited by just one-fifth of respondents. Worries about use, time and technology restrictions were the areas that saw a higher percentage in 2014 vs. 2010, but all were cited by few. The group of respondents with no concerns had risen. Read the rest at eMarketer.