Development of an Interactive Retirement Planning Platform with Cash Flow Analysis

Financial services

Other industries

Identifying Complex User Challenges in Retirement Financial Planning

Clients often face difficulty understanding how their current cash flow impacts their retirement timeline. Existing tools lack intuitiveness and accessibility across diverse user literacy levels, hindering effective financial decision-making and engagement, especially across multiple device platforms.

About the Client

A mid-sized financial advisory firm seeking to enhance client engagement through digital tools for retirement planning.

Goals for an Intuitive, Accessible Retirement Planning Solution

Create an interactive web and mobile-based platform that simplifies complex financial data visualization.
Enable users to input and analyze their cash flow to determine personalized retirement timelines.
Reduce time-to-market through rapid prototyping and iterative testing.
Minimize costly revisions by incorporating extensive early feedback through interactive prototypes.
Enhance user satisfaction and engagement by ensuring a seamless, user-friendly experience accessible on various devices.

Core Functional Specifications for Retirement Planning Platform

User authentication with secure login interface
Comprehensive dashboard displaying key financial metrics
Personalized profile and settings section
Cash flow analysis engine processing user input to calculate retirement timeline
Data visualization modules for clear financial insights
Integration points with external financial tools and resources
Responsive design ensuring seamless experience across devices

Preferred Technologies and Platform Architecture

Figma for prototyping

Web and mobile-responsive frameworks

Algorithm development for cash flow analysis

External System and Data Source Integrations

Financial data aggregation APIs
Secure login and identity verification systems
Third-party financial planning tools

Key Non-Functional System Requirements

High scalability to accommodate growing user base
Robust data security following industry standards
Fast response times with minimal latency
Cross-platform accessibility with consistent user experience

Expected Business Benefits and Impact Estimation

The platform is expected to streamline the client journey towards retirement planning, reduce prototyping and development cycles, and improve user engagement and satisfaction. The deployment can accelerate project delivery, minimize costly revisions, and enhance client retention through an intuitive and accessible digital solution.