VocaLink runs payment systems at the heart of UK finance, processing over 90% of UK salaries and more than 70% of household bills, but after the 2007 merger of Voca and Link it lacked the cohesion and recognition to support its growth targets. Vivaldi Group defined a new brand strategy and frame of reference, and a hybrid branded house architecture with the master VocaLink brand above four sub-brands and two endorsed brands. The brand program won Marketing Campaign of the Year at the Payments Awards and became a building block of VocaLink's growth strategy.
- Client
- VocaLink
- Industry
- Financial Services
- Region
- United Kingdom
- Project period
- 2014
Why the UK's payments backbone needed a stronger brand
In the time it takes to read this sentence, VocaLink has completed over 1,000 financial transactions. As operator of the systems behind nearly all of the UK’s 70,000 ATMs and of the BACS and Faster Payments systems, it processes over 90% of UK salaries, more than 70% of household bills and almost all state benefits. In a single year it processed over 11 billion transactions with a value of £6 trillion.
Voca and Link had merged in 2007, but the combined company still lacked internal cohesion and external recognition. In 2014 VocaLink asked Vivaldi to define a brand architecture strategy that would position it as an innovator in a fast-changing market, make it more engaging for employees, investors and partners, and help it pursue new opportunities in big data and other adjacent fields.
How Vivaldi built a hybrid branded house for VocaLink
Vivaldi worked in three steps: brand strategy, brand architecture and an implementation roadmap.
After an audit of the existing brand, competitors, customers and the wider market, Vivaldi developed a brand strategy framework, a competitive positioning map and a brand dashboard. The positioning was tested and refined in internal and external stakeholder workshops and interviews, and a new, broader frame of reference was defined to align the organization with its growth objectives in new markets and business lines.
The team then worked out how VocaLink could go to market with one brand architecture that would build awareness quickly, make its range of products and services clear and leave room for expansion, all within the strict regulation of financial services and a complex ecosystem of partners. After evaluating the architecture concepts set out in Brand Leadership, VocaLink settled on a hybrid branded house: the master VocaLink brand above four sub-brands and two endorsed brands. Vivaldi’s guide to hybrid branding explains how this model works.
Finally, Vivaldi created the implementation roadmap and a messaging strategy to bring the brand to life.
Results: an award-winning brand program and a new frame for growth
- The brand program won Marketing Campaign of the Year at the Payments Awards.
- A hybrid branded house gave VocaLink one master brand above four sub-brands and two endorsed brands.
- The new frame of reference became an essential building block in reframing the company’s growth strategy.
For the trade-offs between models, see Vivaldi’s comparison of house of brands and branded house.
VocaLink Case Study Summary
VocaLink, which processes over 90% of UK salaries and more than 70% of household bills, engaged Vivaldi in 2014 to build a unified brand after the 2007 merger of Voca and Link. Vivaldi defined a new brand strategy and frame of reference and a hybrid branded house architecture, with the master VocaLink brand above four sub-brands and two endorsed brands. The brand program won Marketing Campaign of the Year at the Payments Awards and became a building block of VocaLink’s growth strategy.
About VocaLink
VocaLink operates core UK payments infrastructure, including the BACS and Faster Payments systems and the systems behind nearly all of the UK’s 70,000 ATMs. It was formed by the 2007 merger of Voca and Link and processes over 11 billion transactions a year with a value of £6 trillion.