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

Fintech UX Design Trends: 10 Banking Innovation Ideas

The UXDA team has highlighted 10 design trends that demonstrate the evolution of digital financial products and the way financial interfaces are created and perceived by the users.

Banking Future is in Digital Experience, Not in Marketing

We need to remember that banking future depends on digital channels and UX strategy, not on marketing.

Digital Banking Customer Experience Challenges Resolved Through Design

How to ensure a positive banking customer experience? Uncover it through 20+ customer experience researches and banking CX design tips.

Banking on Purpose: How We Are Creating Tomorrow's Financial Brands

Some call it authenticity, essential benefit, value proposition, or uniqueness. We use the concept of a "soul" to describe the unique character or essence of the financial product and how it impacts its users.

What Are The Digital Banking Customer Expectations From Financial Services

In recent years there has been growing discussion on the ability of traditional businesses to adapt their services to the expectations of digital customers. What should financial brands consider in order to offer the best digital service?

UXDA Wins the World-Famous IF Design Award

UXDA has received one of the most prestigious design prizes in the world - the IF Design Award. UXDA was awarded in the Service Design category for the voluminous UX transformation of the ITTI Digital core banking solution.

UX Audit: The Key to Digital Banking Excellence Everyone’s Ignoring

Customer-centric UX audit bridges the data and human experience, transforming raw information into actionable insights. This approach is not about embarking on grand, resource-intensive research projects but about switching angles to detect the most impactful areas for improvement.

AI Humanizes Finance: Next-Gen Financial Brand Marketing

There is another promising area of ​​AI use for financial brands ─ marketing and brand communication. The UXDA team assessed the potential of humanizing financial brands using ChatGPT and Midjourney by creating digital mascots based on the mobile service interface.

UX Design Success Story: Constant High-Quality Results

What does it feel like to work with the world's leading financial design agency? In a series of articles, we are inviting you to join the journey of our clients and explore their insights collected by Clutch about the work of UXDA.

ABOUT THE AUTHOR

Alex
Alex, Founder & CEO

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 Strategist & 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 Strategist & 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.