Jayson Preece

Product Designer

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Jayson Preece

Product Designer

Home

Portfolio

About

Contact Me

Jayson Preece

Product Designer

Home

Portfolio

About

Contact Me

Jayson Preece

Product Designer

Legacy Bank

Financial Technologies (2020)

Project Duration

6 Months


Background

Legacy Bank is a financial management application designed to link users' existing bank accounts, track expenditures, and assist in budgeting. The app aims to empower users to manage their finances better by providing insights into their spending habits and offering tools to control their budgets effectively. It leverages advanced data visualisation, gamification, and social transaction features to create an engaging and user-friendly financial management experience.


Business Insights

The development of Legacy Bank was driven by the increasing demand for comprehensive personal finance management tools. Market research indicated that many users were seeking a consolidated platform to monitor their spending, set budgets, and receive actionable financial insights.

Development and Design Collaboration

The development of Legacy Bank was a collaborative effort involving cross-functional teams of UX designers, developers, and financial analysts. The UX team focused on creating an intuitive and seamless user experience, while the development team ensured the integration of secure banking APIs and real-time data processing capabilities. Regular design sprints and user testing sessions were conducted to iterate on the design and functionality, ensuring the app met user and stakeholder needs and expectations.

Challenges and Solutions

  1. Data Integration and Security: Ensuring seamless and secure integration with multiple bank accounts was a significant challenge. We implemented robust encryption protocols and partnered with reliable banking API providers to ensure data security and integrity.

  2. User Engagement: Maintaining user engagement over time required innovative features. We incorporated gamification elements such as finance scores and monthly recommendations to keep users motivated and informed.

  3. Complex Data Visualisation: Presenting financial data in a clear and understandable manner was crucial. Our design team developed user-friendly graphs and charts that provided insightful visual representations of spending patterns.


Project Duration

6 Months


Background

Legacy Bank is a financial management application designed to link users' existing bank accounts, track expenditures, and assist in budgeting. The app aims to empower users to manage their finances better by providing insights into their spending habits and offering tools to control their budgets effectively. It leverages advanced data visualisation, gamification, and social transaction features to create an engaging and user-friendly financial management experience.


Business Insights

The development of Legacy Bank was driven by the increasing demand for comprehensive personal finance management tools. Market research indicated that many users were seeking a consolidated platform to monitor their spending, set budgets, and receive actionable financial insights.

Development and Design Collaboration

The development of Legacy Bank was a collaborative effort involving cross-functional teams of UX designers, developers, and financial analysts. The UX team focused on creating an intuitive and seamless user experience, while the development team ensured the integration of secure banking APIs and real-time data processing capabilities. Regular design sprints and user testing sessions were conducted to iterate on the design and functionality, ensuring the app met user and stakeholder needs and expectations.

Challenges and Solutions

  1. Data Integration and Security: Ensuring seamless and secure integration with multiple bank accounts was a significant challenge. We implemented robust encryption protocols and partnered with reliable banking API providers to ensure data security and integrity.

  2. User Engagement: Maintaining user engagement over time required innovative features. We incorporated gamification elements such as finance scores and monthly recommendations to keep users motivated and informed.

  3. Complex Data Visualisation: Presenting financial data in a clear and understandable manner was crucial. Our design team developed user-friendly graphs and charts that provided insightful visual representations of spending patterns.


Project Duration

6 Months


Background

Legacy Bank is a financial management application designed to link users' existing bank accounts, track expenditures, and assist in budgeting. The app aims to empower users to manage their finances better by providing insights into their spending habits and offering tools to control their budgets effectively. It leverages advanced data visualisation, gamification, and social transaction features to create an engaging and user-friendly financial management experience.


Business Insights

The development of Legacy Bank was driven by the increasing demand for comprehensive personal finance management tools. Market research indicated that many users were seeking a consolidated platform to monitor their spending, set budgets, and receive actionable financial insights.

Development and Design Collaboration

The development of Legacy Bank was a collaborative effort involving cross-functional teams of UX designers, developers, and financial analysts. The UX team focused on creating an intuitive and seamless user experience, while the development team ensured the integration of secure banking APIs and real-time data processing capabilities. Regular design sprints and user testing sessions were conducted to iterate on the design and functionality, ensuring the app met user and stakeholder needs and expectations.

Challenges and Solutions

  1. Data Integration and Security: Ensuring seamless and secure integration with multiple bank accounts was a significant challenge. We implemented robust encryption protocols and partnered with reliable banking API providers to ensure data security and integrity.

  2. User Engagement: Maintaining user engagement over time required innovative features. We incorporated gamification elements such as finance scores and monthly recommendations to keep users motivated and informed.

  3. Complex Data Visualisation: Presenting financial data in a clear and understandable manner was crucial. Our design team developed user-friendly graphs and charts that provided insightful visual representations of spending patterns.


Summary

Legacy Bank is a comprehensive financial management tool that links existing bank accounts, tracks expenditures, and assists users in budgeting. By utilising data visualisation, gamification, and social transaction features, it offers a unique and engaging approach to personal finance management. The project faced challenges related to data integration, user engagement, and data visualisation, which were successfully addressed through collaborative efforts and innovative design solutions.

Project Goals

  • To provide users with a consolidated platform to manage their finances.

  • To offer insightful data visualisations and monthly financial recommendations.

  • To engage users through gamification and social transaction features.

  • To ensure secure and seamless integration with multiple bank accounts.

What I Would Do Differently

  • Enhanced Personalisation: Introduce more personalised financial advice and budgeting tips based on individual spending patterns and goals.

  • Expanded Gamification: Develop more gamification features, such as financial challenges and rewards, to further enhance user engagement.

  • Improved Social Features: Enhance social transaction features to include more options for bill splitting, group payments, and financial planning among friends and family.