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Product Management Improvement Question: Enhancing Modalku's mobile app features for improved investor experience
Image of author vinay

Vinay

Updated Nov 27, 2024

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What features could we add to Modalku's mobile app to enhance the user experience for investors?

Product Improvement Medium Member-only
Feature Prioritization User Experience Design Product Strategy Fintech Peer-to-Peer Lending Mobile Banking
User Experience Product Improvement Fintech Mobile App P2P Lending

Introduction

To enhance the user experience for investors on Modalku's mobile app, we need to identify key pain points and develop innovative features that address them. I'll analyze user segments, prioritize pain points, generate solutions, and propose metrics to measure success. Let's dive in.

Step 1

Clarifying Questions (5 mins)

  • Looking at Modalku's position as a peer-to-peer lending platform, I'm thinking about the current investor demographics. Could you share insights on the typical investor profile using the mobile app? Are we primarily serving retail investors or institutional ones?

Why it matters: Determines the complexity and scale of features needed Expected answer: Primarily retail investors with some institutional clients Impact on approach: Would focus on user-friendly interfaces for retail investors while ensuring robust data capabilities for institutions

  • Considering the mobile app's role in the investor journey, I'm curious about cross-platform behavior. What percentage of investors use both the mobile app and web platform, and how does their usage differ?

Why it matters: Helps identify mobile-specific opportunities and pain points Expected answer: 60% use both, with mobile primarily for monitoring and quick actions Impact on approach: Would focus on real-time notifications and streamlined transaction flows

  • Given the competitive landscape in fintech, I'm interested in Modalku's current market position. How does our mobile app compare to competitors in terms of user satisfaction and feature set?

Why it matters: Identifies areas for differentiation and improvement Expected answer: Strong in core functionality but lagging in user interface and advanced features Impact on approach: Would prioritize UI/UX improvements and innovative features to leapfrog competitors

  • Considering the product lifecycle, where is the Modalku mobile app currently? Are we looking to expand the user base or increase engagement with existing users?

Why it matters: Determines focus on acquisition vs. retention strategies Expected answer: Mature product looking to increase engagement and retention Impact on approach: Would prioritize features that deepen user engagement and loyalty

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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