Workplace savings
Superannuation alone isn’t enough for retirement, so personal savings, investments, and homeownership are crucial. Starting the savings journey early is key to securing financial well-being.
With 65% of Australians having a dedicated savings account and 25% holding less than $1k, there’s a major opportunity to educate young Australians on the impact of savings. The business aimed to offer a product that empowers them with the tools to save effectively.
Project summary
The Workplace Saver aimed to give young Australians the chance to open a savings account and make contributions directly through their salary as part of a broader ecosystem of financial products for managing well-being.
I collaborated with a team of four, including a product manager and two developers, to deliver the first iteration of the product. Since it was embedded in the Financial Wellbeing stage of Flare HR’s onboarding flow, seamless integration was key to the design.
Challenges
We had 4 weeks for design and development.
As the savings account was provided by a vendor, users would need to complete setup externally. Our design ensured a smooth onboarding flow, providing users with the necessary information to finalize account setup later.
We also collaborated with a second vendor for identity checks, which introduced new requirements that required us to stay adaptable throughout the project.
The design
We aimed to educate users on how much they could accumulate by saving weekly, fortnightly, or monthly, driving conversion to open an account. After providing this information, users verified their identity before finalizing the account setup.
Despite challenges, we delivered the first releasable version in 8 weeks, allowing users to open an account and begin their savings journey.
