Everything You Want To Know To Design The Fintech Application
by Techugo Pvt Ltd Top Mobile App Development CompanyThe revolution of mobile applications has influenced every
industry including retail, health-care, and many more. The financial services
sector is no exception, it is more curious in exploring the technologies for
benefiting their employees as well as customers.
You know the environment in the financial service industry is
very complicated and it makes this industry not so user-friendly. With the
introduction of Fintech apps things are changing like now it is easier for
people to make electronic transactions.
It
is not easy to design the Fintech app, many financial institutions failed to
impress their customer with their app. We put together all the tips to keep in
mind when designing the great Fintech apps.
Onboarding
First
Impressions
Onboarding should be quick and seamless, forms should be
short and easy, you have to follow the principle “ask the minimum and give the
maximum.”
We know that the financial services operate under a lot of
regulatory constraints and they need lot of useful information to comply with
KYC (Know Your Customer) and AML (Anti-Money Laundering) laws.
Make forms
great again
The design of the forms has a huge impact on the users, make
your forms simple and use inline validation to catch errors quickly. Use the
progress indicator, it helps users to locate themselves and creates a sense of
accomplishment. Make sure that the user can easily edit and save the form.
Explain why
you need the data
If you need someone’s date of birth then always explain why
you need those details. The few words of explanation are always good.
Security
Allow only
the right one
Security is always the major concern when dealing with
finance. You know the poorly designed security system fails in two ways, either
by allowing the wrong people in or by making hard for the right people. The SMS
verification is not optimal since anyone can get the phone and sign in. The
most secure way is biometric authentication.
Design for
the threat model
The threat model outlines which information or actions are
sensitive and require stronger authorization. As long as the application knows
that the user logged in, it can grant access to the low-risk elements, while
keeping the user protected from fraudulent acts.
Locking out
You can implement this feature to lock out the user after few
unsuccessful attempts, this locking out feature is just for the additional
security.
Hide the
important details
For example, displaying the credit card or security codes is
very dangerous. Always hide the important details because most of the people
don’t know how to secure their data.
Make things
clear
Visualize
it
Most of the people don’t understand the finances very well,
in that case visualizing data is very helpful. You can give your users valuable
information in an engaging way. So, help them to understand their spending,
savings, and investments.
Embrace the
whitespaces
In the finance app you have to display a lot of information
but you need to be smart about its presentation. Present your data in the
following manner:
• Add
hierarchy to the data with font size, font weight, color, etc.
• Use the
large spaces between layout elements to guide the users through the page and
the focus areas.
Speak your
user’s language
Always remember that your user is from every corner of the
world, if you just use one language e.g. English then your information is the
mystery for lots of your users because most of them don’t understand English.
So, try to add multiple languages in your app, it helps your users to
understand the finances easily.
All about
the digits
Pick the
right fonts
Make sure that the font you choose, supports international
currency symbols. It might come as a surprise, but lot of them don’t! If you
have already paid the license, using ISO codes (such as EUR, USD, GBP) instead
is a worthy alternative.
Check
Numbers, Data and formatting
It is a big world and things are different in different
places. We have different ideas when it comes down to numbers for example 2,000
and 2.000 might be two or two thousand, depending you are American or French.
If the date is written like 9/2/2015 it might be September 9th or February 9th.
So, make sure to be consistent in your designs and
communicate with the developers to implement localization.
If
you are looking for the app development company , then contact
Techugo now. We are the best in business and our experts provide you with the
best solution for the development process. Contact us now.
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Created on Apr 16th 2019 08:38. Viewed 621 times.