August Product Update 2018
August Product Update 2018
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Product updates
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August 2018

August Product Update 2018

We're paving the way for new features. Here's our latest product update to the Coconut app; helping you to run your business more effectively.

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One of our goals is to give you the tools to help you run your business effectively. From the chatter in our Facebook group, we know estimating your tax and keeping on top of your invoices can be a great source of anxiety when managing your own business.

Paving the way for new features

With this in mind, we recently launched an update to the iOS app, where we've combined your Activity and Card tabs into a new Accounts section. (If you're on Android, you'll see the new Account tab as soon as you open an account!).

your new accounts view

Creating this new Account section paves the way for two exciting new features that we'll be introducing shortly: Invoicing and Vaults. It has also allowed us to improve the experience around Card and Account management.Here's some of the things we considered during this latest update. We...

  • Created some space in the navigation bar for Invoicing
  • Redesigned the Card section to accommodate Vaults, so you can set aside money for your Tax Return
  • Made some design improvements that will allow us to add multiple Coconut accounts in the future.
how to interact with your accounts tab

At the top of your Transactions list is a new Account tray, which tells you your balance and account name. Give it a tap to open your Account tray. Here, you can see your sort code and account number, as well as easily share these details. This is also where you'll view your PIN, block your card, or order a new one.If you're brand new to the app, we've made it easier to activate your card and share your new account details with clients.

My biggest challenge

The design needed to scale to accommodate upcoming features, but still remain visually organised and uncluttered. It's important that your Account area provides you with the most useful information at a glance, and thinking about what information to display, as well as when and where to show it, was my biggest challenge.

sneak peek of upcoming vaults feature

We'd love to hear how this update is working for you, so please let us know what you think! :D

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Shot of the Coconut app on different devices displaying tax, invoicing and expenses tools.

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Coconut is the trading name of Coconut Platform Ltd, company number 09904418. Coconut is registered with the Financial Conduct Authority (FCA) as an Account Information Service Provider under the Payment Services Regulations 2017 (reference 931194).

Coconut provides some customers with a business current account, but is not a bank. The Coconut current account is an e-money account provided by Prepay Solutions (PPS), a trading name of Prepay Technologies Ltd, which is an electronic money institution authorised by the FCA under the Electronic Money Regulations 2011 (reference 900010) for the issuing of electronic money.

PPS holds all funds in a safeguarded account in accordance with the Electronic Money Regulations 2011 which protects customers against Coconut or PPS’s insolvency. The Coconut Mastercard is also issued by PPS pursuant to a licence by Mastercard International.
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