NEW YORK, Nov. 14, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Social Media in Retail Banking http://www.reportlinker.com/p01029513/Social-Media-in-Retail-Banking.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=e-Commerce Synopsis Social media interactions provide banks with a platform to reach out to their customers and deal with issues in real time, which increases both the quality of their service and the levels of consumer trust. With banks now able to track each customer relationship through social media analytics, social media data can be integrated into a broader customer intelligence strategy to help banks gain a customer centric understanding of their products, services and brand as a whole.• This report covers the usage of social media in retail banking in various countries across the globe.• It provides information on social media penetration globally, as well as social media usage by various banks in different countries.• It also covers the technological advancements which enhance social media in the retail banking system.• The report also features key developments in social media in developing markets such as China and India. Summary Social media is a potential channel for managing effective customer relationship management for retail banks. The adoption and use of digital channels, such as mobile phones and social media, has grown rapidly over the last decade. To reduce their cost of operations, they are adopting social media to market their products and services. This trend is accelerating the adoption rate of social media marketing by retail banks across the globe. Scope This report will allow you:• To understand the future potential of social media in retail banking.• To understand the usage of social media by retail banks in developed countries and developing countries.• Gain insight into the key technology developments for social media management for managing effective customer relationship management.• To analyze social media trends globally.