back to latest articles

UXDA Wins European Product Design Award for Hedge Fund Platform UX Design

UXDA Wins European Product Design Award for Hedge Fund Platform UX Design

We are proud to announce that UXDA has been recognized with the prestigious European Product Design Award 2024 (ePDA) for our groundbreaking UX design of the Magma Hedge Fund Platform in the Product User Interface Design category. This accolade celebrates exceptional product design that improves lives, reinforcing our unwavering commitment to creating groundbreaking financial user experiences.

The European Product Design Award (ePDA) celebrates and honors the ingenuity of international product and industrial designers dedicated to enhancing daily lives through practical and innovative creations. By spotlighting well-thought-out designs that blend functionality with creativity, the ePDA promotes the advancement of product design on a global scale, offering exceptional designers a platform for worldwide recognition and exposure.

ePDA is organized and managed by Farmani Group founded in 1985 by Hossein Farmani. Farmani Group holds a number of prestigious competitions that recognize excellence in various creative fields including the International Design Awards, the Architecture MasterPrize, the London International Creative Competition, and the Lucie Awards. With a long history and a reputation for impartiality, the Farmani Group encourages creative innovation and maintains high standards across diverse design disciplines.

Each year, a panel of expert designers and industry leaders recognizes exceptional designs that push boundaries and provide meaningful solutions, evaluating them on creativity, usability, impact, and overall design excellence. Being recognized among such an elite group of designers is a testament to the transformative power of UXDA's human-centered approach.

Magma Hedge Fund Platform: A Revolutionary Investment Solution for Elite Investors

The award-winning Magma next-gen investment platform is a state-of-the-art hedge fund solution designed to empower sophisticated HNWIs (high-net-worth individuals) like NBA and NFL professional athletes and their financial advisors to make smarter investment decisions. Built to meet the challenges of market volatility, the platform combines cutting-edge UX design with advanced data analytics and market insights, delivering a transparent investment experience that reflects Magma’s core values.

The Magma platform was created to:

  • Simplify complex investment decisions: Presenting financial data in an intuitive and digestible format.
  • Enhance user confidence: Equipping users with actionable insights to navigate volatile markets effectively.
  • Ensure security and reliability: Providing a seamless and trustworthy digital environment for asset management.
  • Embed luxury aesthetics: Provide a sophisticated design that reflects users' aspirations and lifestyles.

By focusing on user-centric innovation, UXDA transformed Magma into a tool that seamlessly bridges the gap between financial complexity and user empowerment, offering a next-level experience for both investors and financial professionals. We crafted a bold, unique design that blends precision with innovation, offering a personalized, prestigious experience in every detail. By enhancing the brand’s identity and aligning it with user expectations, we ensured every detail reflects the brand’s values and connects with its audience.

“Winning the European Product Design Award for Magma is more than an honor—it’s a testament to our mission. It underscores the power of combining design excellence with strategic vision to create solutions that drive meaningful impact. This recognition reinforces our commitment to shaping the future of financial UX design and inspires us to continue redefining industry standards.” - Alex Kreger, Founder and CEO of UXDA

Explore case study

The European Product Design Award 2024 adds to UXDA’s remarkable collection of 28 international accolades, solidifying our reputation as a trailblazer in financial product design. At UXDA, we specialize in creating exclusive, customized design solutions that transcend generic approaches, crafting experiences perfectly aligned with each brand’s unique vision and identity. By combining empathy-driven design with cutting-edge innovation, we deliver financial products that build trust, enhance loyalty, and drive business growth. UXDA remains steadfast in its mission to redefine next-generation financial experiences, setting new standards for the industry.

As we celebrate this milestone, we remain committed to pushing the boundaries of financial UX design. Let’s continue to create digital products that inspire, empower, and innovate.

Discover the stories behind our award-winning financial products on our blog and see how we’re shaping the future of digital banking.

Get UXDA Research-Based White Paper "How to Win the Hearts of Digital Customers":

If you want to create next-gen financial products to receive an exceptional competitive advantage in the digital age, contact us! With the power of financial UX design, we can help you turn your business into a beloved financial brand with a strong emotional connection with your clients, resulting in success, demand, and long-term customer loyalty.

Share:

Listen to our podcast:

More from our blog

UX Case Study: How to Design Best Digital Bank For Kids

How could parents ensure their kids' financial future? UXDA explored this challenge with a research-based purpose-driven banking app concept. It provides insights into how an app could impact family relationships and ensure children's successful inclusion in the modern digital economy.

UXDA's Experience Pyramid: Effective Banking App Design

To make digital financial products demanded, effective banking app design should be based on three complementary approaches.

Solve Pain Points through Information Architecture in Banking Product

Finance Digitalisation causes many banks to adjust their approach to the development of their products and services. Today, more and more financial companies evolve by creating user-centered services and simpler and more convenient solutions...

Two iF Design Awards 2022 Makes UXDA the Most Awarded Fintech UX Design Agency

UXDA wins two iF Design Awards 2022 with Goalry and Kids Banking App

Applying Neuromarketing to Digital Banking Apps and Fintech Design

Despite a decade of digital innovation, financial services often remain cold and overwhelming. At UXDA, we use neuroscience and neuromarketing to transform emotion into engagement. Discover how neuromarketing transforms digital banking by addressing emotional barriers, building trust, and creating empowering user experiences.

UX Design Success Story: Shaping the business mentality

UXDA review by ITTI Digital for which UXDA delivered a UX transformation of a 15-year old core banking solution.

Apple's On-Device AI Takes on Cloud AI: Who Will Revolutionize Personalized Banking UX?

Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. The main question is which AI will serve banking first ─ on-device AI or cloud-based AI? Let’s compare!

ITTI UX Case Study: Next-Gen Core Banking Digital Transformation in the Cloud

With ITTI Digital’s permission, we are sharing an exclusive step-by-step case study on designing a next-generation banking back office that will definitely become a game changer in the industry.

UXDA's Brand Purpose Unleashed: Our Rebranding Journey

We are eager to share how we found a way to integrate a brand's soul into a visual identity with an elegant solution that required us to look deep into the purpose of our work.

ABOUT THE AUTHOR

Alex
Alex, Founder/ CEO/ UX Strategist

Alex has dedicated half of his life to studying human psychology, as well as business success, developing 100+ digital projects and 30+ startups. He spent 10 years researching UX and finance to create UXDA's methodology. Alex is a passionate visionary who's capable of solving any challenge to improve the financial industry.

Linda
Linda, Co-founder/ COO/ CFO

Linda is a source of endless energy. An education in international business management and years-long experience with 20+ digital startups has made her a dedicated strategic thinker who solves any problem with grace. No mission is impossible for her. Linda's responsibility and punctuality have become a legend around the agency.

Tamara
Tamara, Senior UX Architect & Consultant

Tamara is dedicated to always reaching the best possible result while paying close attention to detail. Her 12-year long experience in banking working with card issuance, acquiring and eCommerce allows her to have a deep understanding of the financial service specifics and provide the best experience for users.

Anastasija
Anastasija, UX Architect & Consultant

Anastasija's six years of experience in various banking departments have nurtured a strong desire to simplify and clarify essential banking processes, ultimately improving people's lives. Her dedication to UX design is founded on the belief that user-centered design is crucial for enhancing financial experiences.