CASE STUDIES
People’s United Bank: designing a mobile banking application
INDUSTRY
Financial Services
SERVICE
Customer Experience, Digital Design
LOCATION
US
The Challenge
People’s United Bank, a regional retail bank headquartered in Connecticut, was conscious of the industry’s movement towards digitization and tech-based user experiences. Its current offering was competitive. But, by using research, design thinking, testing and iterations on the client experience, it could create a market-leading product and experience. The bank recognized that a better digital value proposition would be a key element of achieving organic growth. As a result, they wanted to create a digital banking experience which would both satisfy its existing clients, while also attracting new clients.
The Approach
We began by performing an in-depth assessment of the bank’s current products, including an analysis of key customer pain points. We then performed a series of design thinking workshops to define the strategic vision for what market-leading digital banking platforms should look like considering what the customer wants. Based on this, we were able to design prototypes using customer testing to continually rework and improve the look and feel of the app. While constantly collaborating with key stakeholders, we developed the prototypes and initiated the rebuild of the application, complete with business requirements and comprehensive user story lists.
The Impact
Through extensive research, testing and collaboration, we helped People’s United Bank to design a truly customer-centric banking experience. The mobile application was designed for optimal user experiences in the digital banking space, which would help our client to satisfy changing customer needs and get ahead in the market. Not only would this improve the retention of its current customers but would equally differentiate the bank from competitors, helping them to attract new customers and drive growth.
“Our partners at Elixirr allowed us to quickly and effectively design our new digital banking platform. Together, we comprehensively identified and solved for the areas of greatest customer pain and opportunity. This resulted not only in a terrific mobile banking experience but it also energised teams within the bank. Efforts such as agile transformation and design thinking found new momentum while giving voice to employees at every level within the company.”
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