Simplifying Finance: The Role Of UX Design In Financial Services

13 June 2023

Exposure to financial services in this busy economic market is sky-high.

However, not every financial service is up to the mark with its customer-centric approaches. In turn, FinTech is the next big thing in the financial world.

Digital platforms are engaged in interacting and perceiving with the users. The innovative capabilities of FinTech applications largely determine user experience (UX). To make financial services more accessible and approachable to users, ux design financial services are far better than traditional complex financial services.

The world of digital finance might seem intimidating to many for its complex terminology and lengthy processes. Moreover, a lack of customer-centricity is the main concern for many while dealing with the complex economic market.

Simplifying finance is best possible through “Humanizing FinTech,” which is largely convinced with UX design.

What is UX design?

Well, at the core, the main terminology here is to define an intuitive design to embrace a better user experience and bridge the gap between financial services and users.

Prominent Roles Of Ux Design In Financial Services

The pivotal experience of financial service should be ecstatic for the users. It cannot be complex and boring. Financial aspects are already boring, and things need to be easy with digitalization.

So, FinTech, through UX designs, can be more accessible and engaging for the users.

Every financial sector is trying to solve the users’ problems and manage the people’s concern. Apart from that, a financial service cannot be vulnerable to its security aspects.

However, the best part is that UX designs can provide you with a streamlined process to simplify financial services and engage better digital finance to ensure security while bridging the services gap with users.

Bridge The Gap

One of the main roles of UX design is to eliminate the gaps between user understanding and financial services. UX designers want users to understand the financial concepts and also become intuitive to the processes.

What do you want?

A boring spreadsheet? Or a colorful graph with pie charts?

No one wants a boring data sheet that is complex to navigate and also not eye soothing. In contrast, UX designers help accomplish financial tasks quite easily for any user.

For instance, transferring funds, managing insurance policies, and considering stocks are different financial services, but UX designs make it all easy for you to understand and navigate.

No one wants to increase their learning curves while using financial services. Common people do not use complex financial data. They are unaware of the critical financial exposures but need to manage their finances instead.

So, if you are using an app, you would like to get some attractive features that are easy to understand and ready to help you with colorful approaches.

Well, demystifying complex financial data and presenting it easily to the users is the foremost priority of a UX designer.

Focusing On User Trust And Security

The role of UX design in financial applications is fostering customer loyalty and creating a positive user experience. However, gaining the audience’s or users’ trust in the FinTech industry is quite tough.

Well, a streamlined process is the only solution to generate an intuitive design for a better user experience. However, it does mean anything to gain the trust of the users. If you want to trust them, you must focus on creating a better security process.

For instance, if you use a biometric authentication process like facial recognition or fingerprint scanner, it can generate a better user experience. These are the ultimate solutions to present a user-friendly approach in advanced ways to engage people in a non-intrusive way.

Reinforcing the trust of the people is best possible with UX designs like encrypted notifications and secure connections.

So, it is time for you to foster user experience and gain their trust.

Streamlining The Complex Financial Process

The biggest role of UX design is to transform the traditional banking process into a digital landing platform.

Well, what are the features of the traditional banking process?

Lots of paperwork.
Lack of transparency.
Lengthy approval times.

However, with digitalization, things are changing. Financial sectors are becoming more and more efficient in dealing with the instances of consumers and getting friendly. This is where digital landing platforms efficiently manage your concern with various features.

Real-time updates.
Time efficient services.
Ensures transparency.

The whole approach of UX design is to provide you better user experience by analyzing the streamlining process. So, now the loan approvals will be quick through digital applications, and you will also get the best seamless experience.

Engaging User Satisfaction

The difference between UX designers and graphic designers is that UX designers follow a user-focused and multidisciplinary approach. In contrast, Graphic designers maintain the curves with specialized pixel-focused consequences.

Apart from that, emotional design, creative thinking, and prototyping are the common responsibilities of these designers.

It is hard to believe that 90% of people stop using an app due to poor performance. So, a positive user experience with better quality and usability is expected.

Enhanced user satisfaction with customization may increase the retention rate for a financial service. For instance, if you are using a banking app, you would like to check your account balance or transact money quickly.

Now if it has an easy-to-use interface and you can work on it quickly, then you would like to keep the app on your phone.

Digital financial services are difficult to avoid in this fast-paced world but also cumbersome to use in many cases. Finding a better UX-designed financial service is always a better resolution to avoid inconsistency and engage proximity.

Read Also:

Arnab

Arnab is a professional blogger, having an enormous interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, He carries out sharing sentient blogs.

View all posts

Ecommerce Software Development Trends

In the past year, eCommerce has expanded from being something that would guarantee convenience to become somewhat of a necessity. In fact, according to experts, it has been one of the major avenues that have kept the global economy going. When the pandemic hit and lockdowns ensued, policymakers quickly realized that Ecommerce could be a major way for enabling people to access resources. Even before the pandemic hit, Ecommerce commerce was growing at staggering double-digit growth rates. According to UNCTAD, global Ecommerce has hit 25 trillion in 2018! For businesses, this means an exciting new opportunity. You can either take your physical brick-and-mortar store online or you can simply start an eCommerce platform and become an aggregator. In this resource article, we are going to focus on the best Ecommerce software development trends for businesses. List of 5 Major Ecommerce Software Development Trends 1. The Rise of Ecommerce Platforms- Retail software development has benefitted from the emergence of easy and simple eCommerce platforms. You do not need to spend a ton of money to start your own venture. You can easily choose between great platforms like WooCommerce, Shopify, Joomla, and BigCommerce. This has made it easier for people with lower investments to get into business in a short time. 2. The Growth of PWAs to boost Ecommerce- Ecommerce is all about the app experience. The rise of smartphones and internet technologies have made it possible to create immersive shopping experiences in apps. However, just like the last point, small businesses cannot afford to break the bank in terms of custom app building. Enter PWAs or Progressive Web Apps. These mimic the website experience like an app. 3. Voice Search Influencing Ecommerce- Look around you. There is a huge proliferation in the number of smart devices we are using to communicate with the internet. From home assistants like Alexa to connected Car technology and Google Assist on our phones, we are speaking to search engines and allowing them to help us. Ecommerce web development should take into account the role of voice search. 4. Social Media and Omnichannel Ecommerce Sales- You would have heard your friends or relatives bragging about how they got a great lamp from Facebook’s Marketplace. In fact, for experts, this is the next logical step in the evolution of eCommerce. As a business that is looking to get into this field, you must focus on omnichannel eCommerce sales and marketing. This can open up entirely new avenues for sales. 5. The Impact of Augmented Reality on Ecommerce- Tech innovators and software developers are now looking at ways and means of creating as realistic an eCommerce buying experience as possible. This is why Augmented Reality or AR is going to become the next big thing in eCommerce software development. People want to see how they would look if they would be able to have a virtual try for the products they buy. The Ecommerce Software Development Support System: What is it? While the above technologies are some of the biggest trends in the eCommerce software development ecosystem, there is more that meets the eye. Every developer or entrepreneur who has started an Ecommerce venture knows one thing for sure- it is all about the experience. To support this, there are three major verticals that you need to take into consideration. In this section, we are going to list them down- The Cloud Support- When you are hosting an Ecommerce website you are handling tons of data and details that not only need lightning-fast processing speeds but also guarantee a safe and secure environment. This is where the Cloud becomes important when it comes to creating a good user experience for the platform. Payment Solutions Providers- The growth of Ecommerce happened around the same time when the Fintech industry started booming. The better the payment solutions providers, the easier and comfortable will be the user experience. As a business, you will have to pick the ones that can benefit the business to the greatest possible extent. Mobile Commerce- Do you think that the Ecommerce industry would have taken off in the way it did if smartphones did not exist? Probably not. This is why mobile or M-commerce has become such an integral part of Ecommerce software development. Mobile responsiveness, experiences, and speed are what make a good platform great. The Bottom Line: There is a reason why the advent of new technology is taking Ecommerce software development to new heights. In this article, we have tried to look at some technologies that are redefining the Ecommerce ecosystem. We have also looked at technologies that are considered as the bare foundations that help in setting up an Ecommerce platform that is solid in terms of UI and UX. If you have any other questions that you want us to answer, drop them in the comments section below.

How To Find The Best Check Printing Software

If you want to print checks, a word processor software might be your best option. The best check writing tools and software help to fasten the entire process in a major way. There are many tools in the market, which boast of having credible accounting features. Here are some of the best check printing software that is currently dominating the industry. Windows CheckWriter The latest version of the Windows CheckWriter, dubbed, as the 7.03 version is quite a powerful tool. Not only does it help in executing flawless printing functions. It also makes a complete set of changes and modifications for various print positions. In addition, you can also make a lot of changes when it comes to editing the company details, and other modifications. The check printing software is not only powerful but is also very safe when it comes to usage. Every time that it is being used, it will ask the user to enter a one-time password. This happens for every single usage. One of the drawbacks of the software is its lack of reading customer behavior or being intuitive in any fashion. Keeping this in mind, you will always be better off, when you go through the entire documentation. The interface of the software is created on the back of a standard Window. A wide plethora of neatly stacked options dominates the dash. If you want to know whether a particular check has previously been printed or not, all you need to do is use the signature verification. Through the CheckWriter, you can perform almost the entire gamut of banking functions, including, editing checks, depositing checks, withdrawing and others. Calculating balances, making important copy entries, drafts, company details, and other benefits become quite a breeze. You will get the chance to add limitless deposit and withdrawal lines. The use of memos in the entire scheme of things also becomes quite easy. The software is not going to drain your system as it is light and runs off low CPU. This will ensure that your OS never crashes under the weight of heavy banking software. Check soft Home & Business Check soft is an excellent tool that helps manage finances and enables you to create your own checks. It is compatible with Quickbooks and Quicken. The latest version features free Quicken and Quickbooks updates for one year. Check soft features hundreds of check templates you can customize to suit your personal taste. To make things more interesting, you have over 1000 background images, logos, and graphics at your disposal. It’s possible to print blank checks and fill them out later or completely fill your checks out before printing. Another major advantage is that you end up saving about 80% in check paper money. In terms of financial management, Checksoft lets you create checking, savings and credit accounts with ease. Then, the software will track all your transactions for you. Users can choose to download their bank data and the software’s reconciliation wizard will help balance it for them. Set reminders for due payments using the scheduler, which is another highlight of the software. Checksoft’s database can hold the data of your vendors, payees, and customers. You don’t need to fill out all the details all over again because you can easily access this info when writing checks. EzCheckPrinting EzCheck is a check printing software and writing software that supports both laser printing and MICR. It can be used to create your own checks or fill out preprinted ones. This software allows you to write any type of check including on traditional 3-per-page formats and top, middle, and bottom. There are no limits to the number of accounts users can create. The software is compatible with Quicken and Quickbooks as well, as our previous choice. VersaCheck X1 Gold For people looking for an elementary guide to bookkeeping and check writing, the VersaCheck X1 Gold is a good option to consider. You can take help from this tool to create customizable checks with different shapes, fonts, and logos as well. Here are some of the more interesting features users of this tool avail of: One of the greatest advantages of VersaCheck is its ability to add a Character Recognition element at the bottom of the check. This is done through a Magnetic Ink. You will be able to print checks on any paper. You can also send or receive checks online or via phone, email, and fax. This can help you add multiple accounts and transactions from different banks, all in one place. This software works effortlessly with all kinds of printers. Using this tool, you will be able to protect your accounts and receive activity alerts. Check Print This software is available only as a download and is quite affordable. Its reasonable price tag doesn’t come at the expense of features and functions though. You can design your own checks and load it with up to 15 bank accounts. You can also move fields to achieve the desired effect and add your logo or other images to further customize. However, you can print blank checks and fill them out by hand if you don’t feel like filling out checks on your computer. This is a nice touch if your business doesn’t require that you carry a printer and laptop around when you’re on the road. Check Print R+, which is not Mac-compatible, comes with a built-in register, unlike Check Writer’s R+ software. Print R+ works with Windows OS 7, 8, 9, and 10. InstiCheck Our final choice is easy to use with every feature you will need to write checks. Each account comes with a check registry. You can open an unlimited number of check accounts. There is a multitude of check formats that you can work on to make customs checks. The software also features compatibility with QuickBooks. It is an amazing account management tool that will balance your check accounts every month. The check-writing process only involves following a set of prompts. You can add your logo to checks for a personal touch. Conclusion When choosing the best free check printing software, always decide what features you want first and then select a product on this basis. You can also give your comments about check printing software in the comment section below. Read Also: Advance Copier: Printing Quality Business Cards On Your Own Computer 7 Ways To Stop Spending So Much On Printing In Your Business A Complete Guide On Using IRON On Transfer Paper

What Makes a Good Mobile Website

People are tethered to their phones even when they are not using it. When they are not doing anything, they remain close to their phones to hear any notification ringtone. More importantly, they use their phones to access websites, shop, watch YouTube, log on to Facebook or Instagram, or search on Google. By the end of 2019, the number of mobile Internet users would have grown to 4.68 billion. A mobile UX designer optimizes your website making use of the best practices for mobile users. If your website is not yet optimized, you need to do it right away. It’s projected that by 2021, 73% of all eCommerce activities will come from mobile users. Right now, China alone has 98% penetration rate in terms of mobile Internet. What Can a Mobile UX Designer Do for You? To answer that, you must first know what makes a good website. Google has attempted to answer this question by listing the following elements: Make the navigation easy for the user. Call to actions should take a prominent position The users can call customer service directly from the website Menus should be clear and concise Visitors tap the logo when they go back to the home page The local search box should be visible at first glance Add filters to narrow down the search, particularly for eCommerce sites In the same vein, the site should yield relevant results in response to site query Avoid site registration before users can explore your website Users can make a purchase even without registering to your site Quick sharing to social networks Quick links so they can email themselves and finish the task on other devices The website should be optimized for mobile, which means fonts are larger and the images are expandable What Can You Expect from a Mobile UX Designer? A mobile UX designer will make sure that people will have a positive user experience when they access your website through mobile devices. A good designer will: Conduct UX research to understand users’ needs and behaviors Cut out the clutter for easier navigation. The navigation should be intuitive Properly use colors, graphics, font, and negative space to highlight key content and promote activity Test your mobile website for optimum experience and functionality Make sure your website is stable for mobile use Insist on the consistency of themes and design across devices Ensure that important elements measure 18mm so they can be easy to tap Finally, the mobile UX designer should ensure that your website loads fast. According to Google, most mobile websites load at an average of 15 seconds. That won’t do. The same Google research warned that customers almost always leave when it takes more than 10 seconds for the mobile landing page to load. Even if the website loads for 1-3 seconds, the bounce rate will increase to 32%. The mobile app services of Sunlight Media include a dedicated mobile UX designer who will check and test the architecture and workflow of your app. They will work with you to achieve your goals and ensure the app will adhere to your style guide. Head to their website now or contact them at 323-868-3581. Read Also: Winning Tactics To Build A Competitive Service Delivery Website Top Utility Tools You Need For Your Website How To Design An Effective Company Website

Simplifying Finance: The Role Of UX Design In Financial Services

What is UX design?