Tips on great UX design for fintech apps
So, designers generally use contrasting colors to only highlight the most important information or call-to-actions. In order to elaborate an IA properly, UX professionals can utilize a number of techniques. Experienced traders, in turn, wanted to have a full-out terminal for analyzing the depth of market. In addition, they preferred using tablets to easier perceive a lot of information. In this article, UI/UX experts at Surf will consider the best practices that will help you make a great cryptoсurrency app design and ensure a seamless user experience.
The target audience should always be kept in mind before picking an app background. Other important pointers are to keep the frequently used tasks upfront and easily accessible to the user. To make the app interactive and simple, you need to work on page layout, content display, and task flow to begin with. We also created a video version of the blog to help you quickly glance through the top tips on UI designing for FinTech Mobile Apps. It’s very important to highlight if you have assisted in or run user testing sessions, user interviews, facilitated workshops or presented work to senior stakeholders.
How we can make your stock investment easier – UX case study
EWalletBanking Software DevelopmentEdTech The global education technology market size is expected to reach USD 318.8 billion by the year 2027. For new users, it’s extremely important to do onboarding, that is, the process of adapting the interface. This function should work right after registration https://globalcloudteam.com/ to orient the user in the application and point him to all the sections he needs. For those who are not first-time users of the stock market app, you should add the ability to skip this step. The primary responsibility of a UX designer is the overall user satisfaction with a product or service.
Striving to attract new customers and gain a competitive advantage, world-famous fintech companies are joining the trend. In September 2021, PayPal released a mobile application that allows users to hold and sell cryptocurrencies, manage bill payments, make purchases, and more. The importance of clarity in financial charting cannot be emphasized enough.
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However the trading process and a workable UI design for it is not that simple. Following Kearns’ suicide—and a few fines and investigations—Robinhood has made some changes to its design. It removed confetti from the app earlier this year, along with other design features that evoked gambling or games of chance, like scratch-off tickets. But keep in mind that some basic rules of color combination are almost always valid, so take a good look at the color wheel, and learn about basic color schemes. Remember not to use colors that are too bright, as they can badly affect the users’ eyes.
Robinhood’s product designers claim that notifications meant to drive engagement create artificial barriers between an app and its users. Instead, they have simply enabled merely informational notifications that keep users up to date on their transactions or inform them of important account activity. What’s more, their notifications contain all the necessary information, so users do not even have to launch the app to find out the rest. Make sure your web and mobile app follow the rules of the regulatory compliance financial services guidelines which will be monitoring your actions. One who wanted to do a long-term investment and the others interested in short-term investment. Make sure that app developers design the trading network while keeping both types of users in their minds.
But the world of finance isn’t easy – neither for people who work in it, nor for its clients. Most fintech users can’t make sense of field-specific terms or names of fintech solutions, or don’t understand the meaning of certain data. Or some elements of the interface may not work properly in the mobile versions of certain fintech apps.
Contact a company that offers regular solutions and charges a monthly or yearly fee. The application will need constant tweaking, updates, and fixes. It would be helpful to have a technocrat on your board to oversee and manage the technical aspects of the application. As a provider/owner of mobile applications, you will need to manage various aspects of the exchange. Cryptocurrency trading apps need a good wallet with advanced encryption features and bank-grade security to run the show successfully.
The backend development team will make sure that the database and servers are coordinating and working properly. The Front end development team provides the customer interference of the investment app. The Etoro mobile investment trading platform has the trust of a lot of people. It allows you to contact well-known traders and even monitor their transactions. This one of the best mobile trading apps database has the information of millions of people all over the world.
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As a result, the audience will use all the features offered by your app since they will understand them well. Your application’s convenient and clear design will make your audience willing to use it. By redesigning, you adjust your platform to the users’ needs and, as a result, get higher retention rates. It may be challenging for new traders to comprehend the differences between particular tokens.
Cryptocurrency prices vary on each platform, which also applies to transaction fees. Due to the lack of detailed financial statements, users risk spending more than they earn. At this stage, we have established the vision and mission of the product to determine what exactly will pique the users’ interest. Our team also analyzed the product, market, and audience, based on which we developed a robust strategy ready for implementation. In 2021, the number of crypto application downloads climbed by 400% compared to the previous year. Consider that just the top five cryptocurrency apps in Google Play and App Store were downloaded 46 million times in 2021.
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To build Twim, we analyzed the audience and revealed that users first of all want to see elements like orders, trade blotter, and quote charts as they open a crypto trading app. So, our team brought these elements to the main screen when creating a UI design. Data visualization is among the main elements of a cryptocurrency trading platform. However, enabling data visualization is quite challenging in the context of either crypto app design or development. A company has to take into account that software products are generally used by different types of customers.
- Dashboard with the ability to analyze will be a huge advantage of the stock trading app.
- Smartphones are taking up residence in our pockets and user experience is adopted as a necessity in software development.
- Accessible, user-friendly and informative – these three features are the new standard for any fintech that aims to win user loyalty.
- You can use this knowledge to your advantage when deciding on the color scheme for your app.
- Although the two areas make up the product development process, they differ markedly.
Users’ trust is once again violated, and the app’s credibility drops. An easily-fixable issue like that results in user leaks and dropping conversing rates. It’s a serious issue considering the level of security and confidence fintech apps need to provide, and the fact that it’s a key functionality. All the information users expect to get should comfortably trading user interface development fit into any screen to ensure a great user experience for any display size or context. By the way, you can research which devices are the most popular in the country where the app will be used. This allows your team to define the right screen size in advance and create an app design especially for these types of devices – and, consequently, save money.
UX is employed in products and services, while UI is used mostly in GUIs
We have seen our friends go from rags to riches in a short time by using this benevolent digital currency wisely. So, if you are planning to develop a cryptocurrency trading app, you are on the right track, and now is the perfect time to discover a promising world of possibilities. Real estate software development company handles complex challenges by creating products and software for a very demanding domain. Furthermore, UX designers advocate for their customers while not losing sight of the company’s objectives.
Clutter was the way of the past and, unfortunately, it’s bleeding into the future. This is understandable, given that anyone who was trading in the ‘90s is very unlikely to switch to a more stripped-down and attractive alternative in the future. Some companies attempt to condense the complex functions as best they can into toolbars and drawers. However, without limiting the scope of that functionality, users will find themselves bounded on all sides by toolbars packed with ambiguous icons. Watermarks, pop-ups, advertisements, and un-asked-for additions to the chart provide another layer of noise for users to parse and clear away.
By working out a convenient information architecture, a company can provide smooth navigation between screens, enabling users to find what they search for as quickly as possible. What’s more, fintechs have to automatically inform consumers about fund withdrawal and deposits. In addition, as people are increasingly concerned about sharing their personal data, businesses should explain what kind of information they collect and why. Information architecture is about organizing content inside a software product in a way that people can interact with it without thinking.
Simply put, UX means the relationship between a customer and a given product or service. One of the main challenges for those interested in UX and UI Design is understanding the terms used in the field. This happens because, in user experience, many concepts relate to each other.
With a small amount of extra effort and thought, creating clear and simple experiences is actually made easier when requirements like regulations need to be followed. Surf has extensive experience in developing fintech and banking apps from scratch and has learned a lot about the issues UI/UX designers face and how to resolve them. In this article, we will look at the main challenges of fintech design, and sort out what trends will shape the image of the best apps in the industry in the coming years. However, cryptocurrency products have their own specifics and challenges.
We even went one step further and gave three days for users to complete the KYC after making their investment decision. Their money, safe in escrow, would be refunded if the form wasn’t submitted. The investment process in India requires that investors complete a one-time Know Your Customer form. One will need a completely different UI should they engage in algorithmic trade. After all, you don’t want just two buttons to control that wicked robot capable of running your account balance down from 100K to zero in no time. Consequently, the tools are completely different if you make the switch from manual to “algo”.
Besides the basic app functionalities, the user interface helps the app to stand out from the competitor apps. Let’s calculate the cost of developing an app based on your requirements together. Get in touch with our team, and we’ll be happy to help you with a free initial app estimate. When a new user signs up, the app highlights popular stocks such as Tesla , Netflix , Microsoft , and many others.