Product Design for a Finance Banking App

Product Design for a Finance Banking App

Client

James Mathews

Role

Product Designer

Industry

Fintech

Insirf is the first Islamic Banking app of the Netherlands, was created to address the gap in comprehensive financial management tools, particularly in banking services.

 

Recognizing the need for a centralized platform, the founder developed a mobile application that streamlines banking activities and provides actionable insights to optimize financial decisions.

Results and Outcome

  1. A fully designed Web & Mobile app
  2. A redesigned mobile application

Scope

  1. The scope can be divided into two parts: web and mobile app.
  2. The web version needed a range of features designed (a dashboard, account creation journey, etc). On the other hand, the mobile version needed a full feature set design.

02 - Discovery

Kick-off Call

The client had too many uncertainties about the scope of the product, what features to include, the business model, etc. We agreed to begin researching the market to help come up with ideas and asked the client to provide us with all the information they had to help speed up this process

Lightning Decision Jam

In this workshop, we defined together the product vision and goals, and prioritized the challenges we would work on based on the initial project scope. We also created a FAD Matrix, adding the facts, assumptions, and doubts everyone had on the project’s context: market, users, business, technology, and product.

Desk Research

We conducted 2 desk research studies separately, Benchmarking similar tools and researching online studies/articles both scientific and non-scientific on the target audience, market, and business situation. Both were very useful in increasing our understanding of the entire project context, and also helped generate insights into what should be built, why, and how.

Alex Rodrigo

Tech-savy traveler

Age

26

Marital Status

Single

Location

Amsterdam

About

  1. A freelance designer, who travels the world
  2. His lifestyle requires efficient finance banking apps to handle earnings in various currencies.

Goals

  1. Manage and track earnings.
  2. Gain real-time insights on spending patterns & budget.
  3. Simplify financial stuff.

Pain Points

  1. Manually manage & tracking earnings.
  2. To manage multiple currencies in one place is a hassle.

Alex Rodrigo

Tech-savy traveler

Age

26

Marital Status

Single

Location

Amsterdam

About

  1. A freelance designer, who travels the world
  2. His lifestyle requires efficient finance banking apps to handle earnings in various currencies.

Goals

  1. Manage and track earnings.
  2. Gain real-time insights on spending patterns & budget.
  3. Simplify financial stuff.

Pain Points

  1. Manually manage & tracking earnings.
  2. To manage multiple currencies in one place is a hassle.

03 - Ideation Workshops

Ideation Workshops

In this workshop, we presented to the client the Discovery Results and proposed an exercise to generate the main solution hypothesis to be validated by this project. We were able to align three main hypotheses for each user need (refined after concluding the discovery phase).

Then we conducted a sketching exercise to come up with ideas on how to implement those hypotheses. This was very interesting as the client did it before. We also participated and were able to select the main direction of the solution, for us to use as a reference next when building the first concepts

the Ideation canvas

Information Architecture

During ideation phase, we started working on the Information Architecture of the application, based on the main ideas generated. The work consisted of proposing a navigation structure through a product map and layout options based on the map. We also proposed a user flow for the first part of the new user experience, the setup of the account, through a series of steps to collect the necessary data to present users in the app.

User Information Architecture

Business Information Architecture

Gathering Requirements

Conducting a UX Workshop

In order to get on the same page on the key aspects of product design, such as success criteria, team structure, and product vision, we’ve conducted a UX workshop.

Before moving on to wireframes, we’ve identified our key design priorities, which included:

  • Building trust. Pricing suggestions generated by AI are very likely to raise eyebrows among our users. Therefore, it was our priority to demonstrate how AI works.
  • Making app usage intuitive.
  • Setting the right expectations. As potent as AI is, it needs time to aggregate data. Thus, users shouldn’t expect the app to perfectly optimize their prices on the first day.

Below, you can see the solutions we’ve brainstormed to the aforementioned challenges.

feature set on under side

we create innovative features for seamless islamic banking on insifr app

account creation journey

  • onboarding
  • personal details
  • bind your device
  • tax identification
  • KYC
  • Order debit card

Digital banking

  • home page
  • bucket
  • add money
  • transfer
  • schedule
  • via cash
  • exchange
  • bank statement

Card Feature

  • home page
  • Cards Transactions

insights

  • home page
  • insights

investment

  • home page
  • investment

insurance

  • home page
  • Insurance

Landing

  • home page
  • Landing

Notification

  • home page
  • Notification

Settings

  • home page
  • Settings

feature set on under side

we create innovative features for seamless islamic banking on insifr app

account creation journey

  • onboarding
  • Add Business Details
  • Upload Document
  • Legal Representative
  • Beneficiary Owner
  • Tax Identification
  • Identification BKYC
  • Order debit card

Digital banking

  • home page
  • Add Money
  • accounts
  • transfer
  • schedule
  • exchange
  • bucket
  • bank statement

Card Feature

  • home page
  • Cards
  • Transactions

insights

  • home page
  • insights

investment

  • home page
  • investment

insurance

  • home page
  • insurance

notification

  • home page
  • notification

subscriptions

  • home page
  • subscriptions

expenses

  • home page
  • expenses

payroll

  • home page
  • payroll

payments

  • home page
  • payments

Settings

  • home page
  • Settings

03 - UX Research

Lo-fi wireframes

After having the concepts for navigation ready, we focused on building a low-fidelity prototype of the main user flows. The main ideas were already proposed in the ideation sessions, but the IA study helped to shape the navigation and integrate the parts better. The process of wireframing in low fidelity involved a few sessions of feedback with the client, showing the prototypes, and making adjustments until we had something that was somewhat ready to be tested.

Web-app Single

Web-app Business

Mobile Single

Mobile Business

05 - Visual Design

Visual Style Guide

In parallel to our work on the user research we also worked on the mood board. We conducted an exercise to determine the visual and communication attributes, to use as a guide to reaching the appropriate Look & Feel. Then we asked the client to provide us with references to using as inspiration, adding to the ones that we had already collected.

Last we proposed a few different versions, settling on one that was used to turn the low-fidelity wireframes into high-fidelity.

Color Scheme

Typography

06 - Persons

Mobile App - Person

Web App - Person

06 - Business

Mobile App - Business

Web App - Business

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