DAC (Digital Asset Compliance)

DAC (Digital Asset Compliance) bridges the gap between innovation and regulations for blockchain and cryptocurrency start-ups.

DAC provides software with multiple compliance modules to store, record and share compliance data related to policies and procedure, training, sanctions, risk assessment, complaints and other compliance essentials.

Additionally, the DAC Marketplace provides access to a library of regtech companies where APIs can be built to extract data from regtech favorites and provide a one stop shot for all compliance data at the company.

The Brief

Create a compliance software with modules that are intuitive and easy for any executive to run a compliance program for their firm and create detailed reports required for auditors, regulators and the Board of Directors. The product needs to be intuitive and simple for non-compliance employees, customizable, spreadsheet based with audit trails and sharing features, not over-engineered like other compliance software

MY ROLE:

PRODUCT DESIGNER

User Flows, Information Architecture, Feature Prioritization,Atomic Design, User INTERFAce design, Wireframes & Prototyping

The Team: Henry Thomas McNally Dan Cleary (Modus Ceo) DALTON PIERCE (Modus cto)

My Role: PRODUCT DESIGNER. User Flows, Information Architecture, Feature Prioritization,User INTERFAce design Wireframes & Prototype.

View Prototype

DAC 2.png — **Module Integration**

Users can customize the system by purchasing 3rd party modules from the market.

User Research

The client a compliance officer herself, provided me with first hand knowledge of what compliance officers wants and painpoints. I then mined the internet for hard data on demographics giving a fuller vision of our users needs, focusing on: gender composition, age by gender, necessary skills, and main duties of compliance officers.

Gender Composition

130k

MALE WORKFORCE

± 8,842

154k

FEMALE WORKFORCE

± 9,618

54.2% of Compliance officers are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Compliance officers.

Age by Gender

46.1 AVERAGE MALE AGE

± 0.857

43.8 AVERAGE FEMALE AGE

± 0.738

The median age of Compliance officers is 44.9, and Male employees are generally 2.28 years older than than their Female counterparts.

Data on the critical and distinctive skills necessary for Compliance officers from the Bureau of Labor Statistics. Compliance officers need many skills, but most especially Reading Comprehension. The revealed comparative advantage (RCA) shows that Compliance officers need more than the average amount of Systems Analysis, Programming, and Operations Analysis.

Duties:

Developing, implementing and managing an organization’s compliance program
Coordinating with federal and state regulators
Planning, implementing and overseeing risk-related programs
Creating and coordinating proper reporting channels for compliance issues
Developing company compliance communications
Coordinating and scheduling required compliance training for employees

Insights

User Needs

Clear Concise Flows
Easily Readable Fonts
Additional Regtech modules

User Desires

Color
Fully Customizable Spreadsheets
Intuitive Design

Exploring the Problem Space

The United States handles the second largest volume of Bitcoin, roughly 26 percent, according to Cryptocompare. Regulators have taken a watchful approach toward “cryptocurrency money transmitters.” Recently, the United States Internal Revenue Service (IRS) launched an international task force, together with tax enforcement authorities from four other countries, to take on cryptocurrency-enabled crimes. Keeping DAC flexible through the market place with third party applications keeps the elasticity of the software in a raspidly changining regulations climate.

Design

Current compliance software offerings are rigid grey spreadsheets customization is limited to adding cells, columns and rows. I wanted the dashboard to be accessible for novice compliance software users and efficient for seasoned professionals. With the information received through my research, I created the 8 main modules included in our product. I then chose the font Avenir for its modern lines and easy readability, and color coded each modules ui elements to intuitively inform the user where they were located at all times.