Usability Metrics in Fintech Applications

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Summary

Usability metrics in fintech applications are quantitative measurements that help assess how easily and successfully users interact with financial technology platforms. These metrics track user performance, satisfaction, and error rates to ensure fintech apps are easy, efficient, and pleasant to use.

  • Track task completion: Monitor the percentage of users who finish key actions, such as making a transaction or accessing account details, to ensure the design supports user goals.
  • Measure user satisfaction: Use quick surveys or rating scales after key tasks to gather feedback on how users feel about their experience and spot opportunities for improvement.
  • Analyze errors and efficiency: Review where users make mistakes and how long it takes them to complete common tasks to identify pain points and simplify workflows.
Summarized by AI based on LinkedIn member posts
  • View profile for Odette Jansen

    ResearchOps & Strategy | Founder UxrStudy.com | UX leadership | People Development & Neurodiversity Advocacy | AuDHD

    20,879 followers

    When we run usability tests, we often focus on the qualitative stuff — what people say, where they struggle, why they behave a certain way. But we forget there’s a quantitative side to usability testing too. Each task in your test can be measured for: 1. Effectiveness — can people complete the task? → Success rate: What % of users completed the task? (80% is solid. 100% might mean your task was too easy.) → Error rate: How often do users make mistakes — and how severe are they? 2. Efficiency — how quickly do they complete the task? → Time on task: Average time spent per task. → Relative efficiency: How much of that time is spent by people who succeed at the task? 3. Satisfaction — how do they feel about it? → Post-task satisfaction: A quick rating (1–5) after each task. → Overall system usability: SUS scores or other validated scales after the full session. These metrics help you go beyond opinions and actually track improvements over time. They're especially helpful for benchmarking, stakeholder alignment, and testing design changes. We want our products to feel good, but they also need to perform well. And if you need some help, i've got a nice template for this! (see the comments) Do you use these kinds of metrics in your usability testing? UXR Study

  • View profile for Bahareh Jozranjbar, PhD

    UX Researcher @ Perceptual User Experience Lab | Human-AI Interaction Researcher @ University of Arkansas at Little Rock

    8,155 followers

    How well does your product actually work for users? That’s not a rhetorical question, it’s a measurement challenge. No matter the interface, users interact with it to achieve something. Maybe it’s booking a flight, formatting a document, or just heating up dinner. These interactions aren’t random. They’re purposeful. And every purposeful action gives you a chance to measure how well the product supports the user’s goal. This is the heart of performance metrics in UX. Performance metrics give structure to usability research. They show what works, what doesn’t, and how painful the gaps really are. Here are five you should be using: - Task Success This one’s foundational. Can users complete their intended tasks? It sounds simple, but defining success upfront is essential. You can track it in binary form (yes or no), or include gradations like partial success or help-needed. That nuance matters when making design decisions. - Time-on-Task Time is a powerful, ratio-level metric - but only if measured and interpreted correctly. Use consistent methods (screen recording, auto-logging, etc.) and always report medians and ranges. A task that looks fast on average may hide serious usability issues if some users take much longer. - Errors Errors tell you where users stumble, misread, or misunderstand. But not all errors are equal. Classify them by type and severity. This helps identify whether they’re minor annoyances or critical failures. Be intentional about what counts as an error and how it’s tracked. - Efficiency Usability isn’t just about outcomes - it’s also about effort. Combine success with time and steps taken to calculate task efficiency. This reveals friction points that raw success metrics might miss and helps you compare across designs or user segments. - Learnability Some tasks become easier with repetition. If your product is complex or used repeatedly, measure how performance improves over time. Do users get faster, make fewer errors, or retain how to use features after a break? Learnability is often overlooked - but it’s key for onboarding and retention. The value of performance metrics is not just in the data itself, but in how it informs your decisions. These metrics help you prioritize fixes, forecast impact, and communicate usability clearly to stakeholders. But don’t stop at the numbers. Performance data tells you what happened. Pair it with observational and qualitative insights to understand why - and what to do about it. That’s how you move from assumptions to evidence. From usability intuition to usability impact. Adapted from Measuring the User Experience: Collecting, Analyzing, and Presenting UX Metrics by Bill Albert and Tom Tullis (2022).

  • View profile for Jithin Johny

    UX UI Designer

    12,795 followers

    1. 𝗘𝗿𝗿𝗼𝗿 𝗥𝗮𝘁𝗲: Measures how often users make mistakes while interacting with a design, such as clicking the wrong button or entering incorrect information. 2. 𝗧𝗶𝗺𝗲 𝗼𝗻 𝗧𝗮𝘀𝗸: Tracks the time users take to complete a specific task within the interface, reflecting usability efficiency. 3. 𝗠𝗶𝘀𝗰𝗹𝗶𝗰𝗸 𝗥𝗮𝘁𝗲: Indicates how often users unintentionally click on incorrect elements, showing potential design misguidance. 4. Response Time: The time it takes for the system to respond after a user takes an action, such as clicking a button or loading a page. 5. Time on Screen: Monitors how long users spend on specific screens, revealing engagement or confusion levels. 6. Session Duration: Tracks the total time a user spends during a single session on the website or app. 7. Task Success Rate: The percentage of users who successfully complete a task as intended, measuring design clarity. 8. User Path Analysis: Evaluates the paths users take to complete tasks, identifying if they follow the intended workflow. 9. Task Completion Rate: Measures the proportion of users who can finish a given task within the interface without errors. 10. Test Level Satisfaction: Reflects users' overall satisfaction with a design after completing usability testing. 11. Task Level Satisfaction: Assesses user satisfaction for specific tasks, offering detailed insights into usability bottlenecks. 12. Time-Based Efficiency: Combines task success with time on task, analyzing how efficiently users can complete tasks. 13. User Feedback Surveys: Gathers direct feedback from users to understand their opinions, pain points, and suggestions. 14. Heatmaps and Click Maps: Visualizes user interactions, showing where users click, scroll, or hover the most on a screen. 15. Accessibility Audit Scores: Assess how well the design complies with accessibility standards, ensuring usability for all. 16. Single Ease Question (SEQ): A one-question survey asking users to rate how easy a task was to complete, providing immediate feedback. 17. Use of Search vs. Navigation: Compares how often users rely on search functionality instead of navigating through menus. 18. System Usability Scale (SUS): A standardized questionnaire measuring the overall usability of a system. 19. User Satisfaction Score (CSAT): Measures user happiness with a specific interaction or overall experience through ratings. 20. Mobile Responsiveness Metrics: Evaluates how well the design adapts to various screen sizes and mobile devices. 21. Subjective Mental Effort Questionnaire: Measures how mentally taxing a task feels to users, highlighting design complexity. #UX #UI #UserExperience #UsabilityTesting #AccessibilityMatters #UserSatisfaction #DesignMetrics #InteractionDesign #TaskEfficiency #UIUXMetrics #DigitalDesign #Heatmap #TimeOnTask #SystemUsability #UserFeedback #UIAnalytics #DataDrivenDesign

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