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April 21, 2023

7 Reasons to Consider UX Writing Expertise for Your FinTech Digital Product

Tina

Communications Specialist April 21, 2023 8 min read

7 Reasons to Consider UX Writing Expertise for Your FinTech Digital Product - Qubstudio
TL;DR

UX writing simplifies complex FinTech concepts into clear language—19% of UX writers employed in FinTech because users read only 16% of web content.

7 Benefits for FinTech:

  • Brand Consistency—cohesive voice tailored to segments
  • Smoothens UX—80% prefer seamless experience with clear language
  • Reduces Support Calls—clear products eliminate assistance needs
  • Raises Trust—80% said good writing makes them use services
  • Enhances Security—intuitive interface reduces safety mistakes
  • Reduces Errors—precise instructions guide users
  • Increases Conversions—easier navigation drives traffic

The Article Goal: To provide you with evidence-based rationale for UX writing expertise in FinTech, demonstrating how clear, concise language builds trust, reduces friction, and drives user satisfaction through proven design practices.

UX writing has had a significant impact on the world of product design. Banks and FinTech companies stand to greatly benefit from focusing on the language used in their digital products. In this article, we will discuss the reasons why to begin incorporating UX writing into your work and uncover some of its key benefits.

What is UX Writing?

UX writing, or user experience writing (also known as content design and product writing), is a specialized form of writing that focuses on creating a clear, intuitive, and engaging interface between users and digital products. In the FinTech industry, UX writing can be used to create user-friendly instructions, simplify complex processes, and provide an intuitive user experience. As the industry continues to grow and innovate, UX writing keeps making one of the most important impacts on it.

The Role of UX Writing

By writing clear and concise instructions, UX writers help ensure that users are able to navigate and interact with digital products and services with ease. According to the Nielsen Norman Group study, “How Long Do Users Stay on Web Pages?”, users spend most of their time on other websites, forming their first impression of your site in the first few seconds. If they can’t understand what your site is about or can’t find what they’re looking for, they’ll leave. To keep users engaged on your site, it is critical to have clear and concise writing that is easy to understand.

 

Another research, “How Users Read on the Web” by the Nielsen Norman Group, states that users read only about 16 percent of web content. They do so by scanning the page in an F-shaped reading pattern (for left-to-right languages) which means the text on the top left of the page gets the most attention. The further down and right the text goes, the less attention it gets.

F shaped pattern of scanning a website

Heatmaps from Nielsen Norman Group show user eyetracking studies of three websites. The red areas in the heatmaps indicate where users looked the most on three different websites, the yellow areas are in the middle, while the blue ones indicate where users looked the least.

However, good UX writing can also improve the overall readability of web and app pages, which can encourage users to read more of the content on offer. In the financial technology sphere, clear and concise UX writing can be especially crucial, as users can often be looking for specific information or instructions on how to use a product or service.

A considerable amount, nearly 19% of UX writers are employed in the FinTech sector, which is significantly higher than the proportion working in eCommerce (11%) or the health industry (7%).

According to the results of UX Writing Hub's 2022 salary survey

Statistics of employed UX Writers

The percentage of UX Writers employed per industry according to UX Writing Hub

But what’s the reason that FinTech companies employ so many UX writers?

The answer is simple: UX writers simplify complex concepts into easy-to-perceive language for users. When conducting competitor analysis and information architecture research, UX writers also help reduce text redundancy, thus reducing task completion times. With less content but more effective, users complete tasks faster and easier, hence satisfactorily using digital products, which reflects positively on the product, and so the brand.

It is also important to mention that UX writing is inclusive. When the content is written with the needs of users who rely on screen readers or have impaired vision, a website opens up to a larger audience and serves more users.

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7 Points of How UX Writing Benefits the FinTech Industry

1. UX Writing For FinTech Provides Brand Consistency

A consistent voice and enhanced tone help a brand tell a cohesive story.  By providing a set of guidelines with language tailored to customer segments, (such as using more technical terms for experienced traders but simpler terminology for novices), UX writers ensure that all communications are on-brand and that the brand’s voice is in a line across all channels.

Example of copy guidelines

The example of specific copy guidelines which create consistency in how the brand is conveyed, and how the functionality is conveyed across 3rd party apps

Moreover, according to the Content Marketing Institute, companies that use a content marketing strategy are more likely to see a positive return on investment than those that don’t.

2. UX Writing Smoothens and Simplifies User Experience for FinTech

A report by the consulting firm Capgemini found that 80% of customers prefer companies that prioritize a seamless customer experience, with user-friendly language being a key component of that experience. By using human language in UX writing, FinTech companies can make their products more accessible to a wider audience, which can lead to increased user engagement and loyalty.

ila Bank’s mobile app exemplifies the perfect use of user experience (UX) writing. With a clear and concise language that is easy to understand, ila Bank has hit the nail on the head when it comes to creating a seamless user experience.

user-friendly UX copy example

The example of ila Bank, the leading mobile-only Bank in Bahrain, designed by Qubstudio

Find more about the design process on ila Bank’s app in our Case Study.

Moreover, digital banking products often require intricate and lengthy processes to ensure the highest level of security. The user journeys may have a need to verify various factors such as income, expenses, and spending habits, while keep secure.

Thus, the aim of UX writing is to create products that are so straightforward and smooth, that users not necessarily may need tutorials, instructions, or customer service calls. Clarity is also essential in building trust. If users come across text that is confusing, they may become suspicious, and with good reason.

good fintech UX writing example

The amusing and serious blend reflected in the account descriptions. The rhyme used is followed by a more serious explanation of the savings account's advantages

Additionally, UX writing techniques can be applied to other aspects of design, such as layouts, visuals, and typography, in order to ensure a consistent look and feel across all platforms. Furthermore, by leveraging analytics tools to track user behavior on the website or app and adjust the content accordingly based on user feedback, it is possible to further improve user experience over time.

3. UX Writing Helps Reduce Calls to Customer Support

Clear and straightforward digital products can lead to fewer calls to customer support. When users can easily complete their tasks without assistance, they are less likely to seek help. This not only benefits the users by eliminating the need for them to contact customer support, but it also improves the experience for the bank as well. Fewer support calls mean less pressure on customer support staff, which in turn leads to better service.

4. UX Writing Raises User Satisfaction and Trust in Financial Products

The Journal of Financial Services Marketing found that users who interacted with digital products using clear, concise language were more likely to remain loyal to their brand for longer periods of time.

80% of users said that having good UX writing on financial websites would make them more likely to use the website's services or products.

According to a survey conducted by StoxPlus and FinTech Vietnam

The same survey also revealed that 73% of respondents felt better about their overall experience when they encountered clearly written text in comparison with confusingly written words while browsing a FinTech company’s website or app.

There has been a trend toward using more conversational language in online experiences. Using “plain English” is becoming increasingly common, and this is leading to a written language that more closely mimics spoken language. Nowadays, financial institutions want to avoid sounding too formal or rigid in their communications. Instead, they aim to clarify their features and processes from the perspective of their users.

The conclusion is that UX writing helps raise user satisfaction and trust in financial products by providing clear, transparent, and easy-to-read instructions and explanations. By focusing on creating a simple, logical, and intuitive user interface, UX writing can help users quickly and easily complete tasks without feeling overwhelmed by complex processes. And with a good user experience, users are more likely to be satisfied with the product and more likely to trust it.

example of UX writing for a dialog window

Example of a simple dialog window in plain and understandable language

5. UX Writing for FinTech Enhances Security

UX writing helps enhance security in FinTech digital products by making the user interface more intuitive and easy to use. This makes it less likely that the user will make a mistake that could compromise their security, such as, for example, entering their login credentials into the wrong field. Good UX writing can help reduce user anxiety and confusion, thus ultimately helping keep users safe.

When users can’t understand how a system works, they tend to overestimate their abilities to use it and make risky choices.

According to the Nielsen Norman Group

6. Error Rates Are Reduced With the Right UX Copy

This point stems from the previous one. UX writing helps create a more intuitive user experience by providing precise and concise instructions, feedback, and error messages. It allows users to understand the product they are using better, which, in turn, reduces the chances of making mistakes or errors while using it.

concise UX writing example

In this example, “Create for free!” and “Already a member, click here to login” clearly state that the service can be tried for free, and what will happen after the button is clicked

Additionally, UX writing can provide helpful tips and tricks that make it easier for users to navigate through digital products without having to guess how things work.

example of UX copy for error message

The example from the payment getaway, WePay, shows short explanations, comments, and hints when errors occur

Appropriate error messaging guides users through difficult processes or alerts them when something has gone wrong. For example, compare the error samples below. Which one precisely describes the problem and what went wrong? Which one provides a constructive suggestion on how to solve the problem and carry on forward?

error message UX writing example

Examples of two opposite error messages

By creating an environment where users have fewer questions about how something works or why something is happening, UX writing helps reduce user error rates overall.

7. UX Writing for FinTech Increases Conversion Rates

By creating an intuitive user interface, UX writers can help reduce customer service inquiries and increase satisfaction by making it easier for users to complete tasks, find the information they need, and understand how a product or service works. Additionally, UX writing can improve website navigation and search engine optimization (SEO), increasing visibility on popular search engines like Google and Bing. It can drive more traffic to a site or product page, potentially resulting in higher conversion rates.

Final Thoughts

Overall, UX writing has a powerful impact on FinTech digital products. It reduces user frustration, increases usability, and enhances security. As the FinTech industry continues to grow and innovate, UX writing will play an essential role in building and raising product recognition, as well as developing user loyalty. And moreover, it is an important part of the UX/UI design, which helps keep a digital product cohesive & consistent. Our team creates consistent FinTech products with deep research, detailed analysis, concise copy, and an award-winning design. Discover our industry expertise.

FAQ

What is UX writing in FinTech?

UX writing (user experience writing, also called content design or product writing) is specialized writing that creates clear, intuitive, and engaging interfaces between users and digital financial products.

In FinTech, UX writing simplifies complex processes, creates user-friendly instructions, and provides intuitive experiences—with 19% of all UX writers employed in FinTech sector, significantly higher than eCommerce (11%) or health industry (7%).

Why do FinTech companies need UX writers?

UX writers simplify complex financial concepts into easy-to-perceive language, help reduce text redundancy during competitor analysis and information architecture research, and reduce task completion times.

According to Nielsen Norman Group, users read only 16% of web content in F-shaped pattern and form first impressions in first few seconds—clear UX writing keeps users engaged, helps them complete tasks faster, and reflects positively on the brand.

How does UX writing improve customer experience in digital banking?

Capgemini research found 80% of customers prefer companies prioritizing seamless customer experience, with user-friendly language being key component. Good UX writing creates products so straightforward that users don’t need tutorials, instructions, or customer service calls.

Does UX writing reduce customer support calls in FinTech?

Yes, clear and straightforward digital products lead to fewer customer support calls. When users easily complete tasks without assistance, they’re less likely to seek help—benefiting both users (no need to contact support) and banks (less pressure on customer support staff, leading to better service overall).

How does UX writing increase conversion rates for FinTech products?

UX writing creates intuitive user interfaces that reduce customer service inquiries, make it easier for users to complete tasks and find information, and improve website navigation and SEO. Better visibility on search engines like Google and Bing drives more traffic to product pages, potentially resulting in higher conversion rates through improved usability and reduced user frustration.

What is the impact of UX writing on user trust in financial products?

Journal of Financial Services Marketing found users interacting with digital products using clear, concise language remain loyal to brands for longer periods.

StoxPlus and FinTech Vietnam survey revealed 80% of users said good UX writing on financial websites makes them more likely to use services, while 73% felt better about overall experience with clearly written text versus confusing words.

How does UX writing enhance security in FinTech apps?

UX writing makes user interfaces more intuitive and easy to use, reducing likelihood users make mistakes compromising security (like entering login credentials into wrong field). According to Nielsen Norman Group, when users can’t understand how system works, they overestimate their abilities and make risky choices—good UX writing reduces user anxiety and confusion, keeping users safe.

What is F-shaped reading pattern and why does it matter for FinTech UX?

Nielsen Norman Group research “How Users Read on the Web” shows users scan pages in F-shaped pattern (for left-to-right languages)—text on top left gets most attention, while further down and right gets less. For FinTech products, this means critical information (security features, transaction details, account balances) should be positioned where users naturally look first to ensure key financial information isn’t missed.

How does UX writing reduce error rates in financial applications?

UX writing provides precise and concise instructions, feedback, and error messages that help users understand products better, reducing chances of mistakes. Appropriate error messaging guides users through difficult processes and alerts them when something’s wrong.

What is brand consistency in FinTech UX writing?

Consistent voice and enhanced tone help brands tell cohesive stories across all channels. UX writers provide guidelines with language tailored to customer segments (technical terms for experienced traders, simpler terminology for novices), ensuring all communications are on-brand. According to Content Marketing Institute, companies using content marketing strategy are more likely to see positive ROI than those that don’t.

Expert contributed this article:
Tina - Communications Specialist
Tina

Communications Specialist

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