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Product Management Improvement Question: Enhancing mobile trading app user experience for Ajaib
Image of author vinay

Vinay

Updated Nov 29, 2024

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Asked at Ajaib

15 mins

How can we enhance the user experience of Ajaib's mobile trading app?

Product Improvement Medium Member-only
User Experience Design Feature Prioritization Data Analysis Fintech Mobile Trading Investment Platforms
User Retention Fintech UX Design Mobile Apps Trading Platforms

Introduction

To enhance the user experience of Ajaib's mobile trading app, we need to conduct a comprehensive analysis of our current offering, user needs, and market trends. I'll approach this challenge by first clarifying key aspects of the product, then segmenting our users, identifying pain points, generating solutions, and finally prioritizing our efforts. Let's dive in.

Step 1

Clarifying Questions (5 mins)

  • Looking at the product context, I'm thinking Ajaib might be targeting a specific demographic within Indonesia's growing retail investor market. Could you help me understand who our primary user base is and what their key use cases are for the app?

Why it matters: This will help us tailor our improvements to the needs of our core users. Expected answer: Young, tech-savvy Indonesians aged 25-35, primarily using the app for stock and mutual fund trading. Impact on approach: Would focus on features that appeal to this demographic, such as social trading or educational content.

  • Considering user behavior, I'm curious about how our users interact with the app throughout their day. Can you share any insights on usage patterns, such as peak trading hours or frequency of app opens?

Why it matters: Understanding usage patterns will help us optimize the app for key moments in the user's day. Expected answer: Highest usage during lunch hours and after work, with users checking the app 3-4 times daily. Impact on approach: Would prioritize features that support quick, efficient interactions during these peak times.

  • Given the competitive landscape in fintech, I'm wondering about our current market position. How does Ajaib compare to other trading apps in terms of market share and user satisfaction?

Why it matters: This will help us identify areas where we can differentiate and improve relative to competitors. Expected answer: Ajaib is in the top 3 trading apps in Indonesia, with high user satisfaction but room for improvement in advanced features. Impact on approach: Would focus on enhancing advanced features while maintaining our strengths in user-friendliness.

  • Thinking about the product lifecycle, I'm curious about where we are in terms of growth and what our key metrics are. What are the primary KPIs we're focusing on for this improvement initiative?

Why it matters: This will help us align our improvements with the company's current goals and stage of growth. Expected answer: We're in a high-growth phase, focusing on user retention and increasing average trade volume per user. Impact on approach: Would prioritize features that encourage more frequent trading and longer-term user engagement.

Tip

At this point, you can ask interviewer to take a 1-minute break to organize your thoughts before diving into the next step.

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