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Money By Design

Joe Robinson
January 21, 2016
94

Money By Design

Seventy-one percent of millennials would rather go to the dentist than listen to what banks are saying. Why? Because traditional banks have missed the boat on innovation and thoughtful design. Traditional banking is dull, painful, and out of date. Sounds like an industry ripe for disruption, right?

Because it underpins so many of our relationships and activities, money provides incredible opportunities for UX/UI design. Traditional banks, with their outdated one-size-fits-all approaches, are getting leapfrogged by design and technology companies with a hunger to reinvent the experience of money.

Joe Robinson discusses how designers are changing our interactions with money. Every large tech company in the world is looking closely at personal finance, and a number of smaller companies are doing some really interesting work in the space. Joe takes a look at how these companies approach design challenges that mix social behavior and privacy, instill trust in unproven services, and grapple for market share in a crowded industry.

Joe Robinson

January 21, 2016
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Transcript

  1. would rather go to the dentist 
 than listen to

    what banks are saying. 71% Viacom Scratch Millennial Disruption Index Study
  2. would bank with a non-financial company such as 
 Square,

    Paypal, T-Mobile or Costco. 77% 2014 Accenture report
  3. of traditional banking products were acquired from institutions other than

    the customer’s primary bank. 34% 2014 Accenture report
  4. 100 80 60 40 20 0 1970 1975 1980 1985

    1990 1995 2000 2005 2010 Purchasing Power of U.S. Dollar The U.S. Dollar has lost 83% of its value since 1970 vs. goods and services (CPI)
  5. “Why trust your money to a Wall Street money manager

    who charges steep fees when well-designed software can do a better job for a lot less?”
  6. vs.

  7. Communications SMTP, SMS Media Distribution YouTube, Facebook Voice & Video

    Skype, VOIP, Hangouts Knowledge Web Things That Are Free