Top FinTech App Development Companies To Explore
Since businesses are becoming aware of FinTech applications, their
demand is touching the sky. So, if you are planning to build a FinTech app for
your business then keep on reading.
Here we will discuss everything about the fintech app development
market, listed top ten fintech app development companies, and things you must
consider before building your fintech app. Let’s explore!
Overview Of FinTech
Apps Development
Financial technology or FinTech, provides financial
services using mobile applications. These applications offer users a more
accessible and convenient way to manage all finances. Users can operate these
applications using smartphones. FinTech app promotes different financial
services including online banking, digital payments, investing, and
others.
FinTech app development is a dynamic process that
uses technology to offer new financial products. The development process
includes creating functional and highly intuitive applications that meet
growing financial needs.
Further, backend infrastructure is developed and
comprehensive testing is done to analyze all bugs. To develop FinTech apps,
most businesses prefer hiring professional developers or service providers.
There are various FinTech app development
companies available. These companies offer app development services to
build an app for fintech businesses with all features. If you’re planning to
build a fintech app for your business? You must choose an experienced FinTech
app development company to get the best solution.
Top FinTech App Development Companies
1.
DreamSoft4U
DreamSoft4U is a leading FinTech app development
company. They possess two decades of working experience. Experts at
DreamSoft4U use advanced technology to develop seamless digital wallet apps.
The company has a team of skilled professionals who use advanced tech stacks,
including Net Core, MySQL, Angular, and Xamarin. They work dedicatedly to
deliver excellence in all projects. You can surely consider DreamSoft4U for
your FinTech app development as they follow a simple 6-step application
development process. It starts with conceptualizing and ends with adequate
support. With extensive knowledge of e-wallets and 24/7 technical support,
DreamSoft4U is the top choice for FinTech app development.
2. Avanade
Avanade has been another leading IT consulting and services
provider for the last two decades. They have a team of experienced app
developers with intense training and the latest technology access to build
robust FinTech apps. You can consider Avande for business-driven custom
solutions across various domains, including FinTech. They have worked with
5,000+ global clients and are known for their expertise and promising results.
3. Hedgehog
Lab
It is a global tech consultancy specializing in developing
smartphone applications. They have a team of highly qualified UXR and UI/UX
experts who possess knowledge of Cloud AI & Data Science. Thus, they
deliver tailored solutions. Experts at Hedgehog Lab work with partners to
design custom applications that meet clients’ needs effectively. Additionally,
they build scalable and robust solutions and provide financial data management.
4. DXC Technology
Another company offering iOS App Development
services is DXC Technology, headquartered in Virginia, United States.
It was founded recently in 2017 and has been contributing to helping businesses
globally revolutionize and digitalize as per the industry’s standards. The
experts use the latest tech stack to develop effective solutions and provide
timely maintenance. Their experts provide support and post-deployment
maintenance to upgrade all solutions promptly to stay competitive.
5. Telus
International
Known for offering cutting-edge FinTech app solutions, Telus
International has had a strong market presence since 2005. Since its
inspection, the company has delivered exceptional apps used by FinTech
companies and financial organizations. Experts here follow cloud-based and
agile methodologies to offer top-notch FinTech applications. The professionals
here are known for their customer-centric approach, prioritizing customer
satisfaction.
Some Must-have Features Of A FinTech Application
These are some key features that every FinTech app must have:
1. Security
Safety and security are an integral part of the finance industry.
Since your FinTech app stores individuals’ personal and financial information,
it is essential to meet all security standards during AI app development. Thus, ask your developer
to rely on high-level security practices. Additionally, they must implement
techstack, including blockchain, biometrics, encryption, two-factor
authentication, data obfuscation, and others.
2. Payment Gateway Integration
Sending and collecting payments are two of the primary functions
of a FinTech application. Thus, implement robust payment gateway integration
for smooth operations. Your FinTech app developer can rely on payment gateway
integrations like PayPal, Stripe, etc.
3. Dashboard
Finance management becomes more accessible through FinTech
applications. It is best to offer the dashboard feature within the FinTech
application, displaying the user’s spending, earnings, stock charges, and
payment history. This makes it easier for them to understand their spending
patterns and make plans for better decisions in the future.
4. Voice Integration
Another most important feature of the FinTech app is the voice
integration. With the introduction of Alexa, chatbots, and voice assistants,
people remain excited about voice assistant services. Through the voice
integration feature, you can connect with the app without actually opening
it.
5. Real-time Notifications
Your FinTech application must inform users about different
financial activities through notifications. These include bill due dates,
account balances, potential fraudulent transactions, usual spending patterns,
and others. The application should have a customizable notification feature to
keep the user informed throughout.
Benefits of Hiring a FinTech App Development Company
1. Expertise in Financial Technology
Fintech app development companies specialize in designing secure
and innovative solutions tailored to the growing needs of the financial
industry. The company deeply understands fintech applications for payments,
lending, banking, and other financial services. They follow the industry’s best
practices and meet security standards.
2. Time and Cost Efficiency
Developing a fintech application all by yourself is a time and
cost-consuming task. Meanwhile, when you partner with a Fintech app development
company, you save time and resources. These companies have professional experts
who collaborate to deliver the best solutions in the given timeframe.
3. Proven Track Record
Since fintech app development companies have experts with a proven
track record of past work, you get access to the best services. When you hire
professionals from wearable app
development companies, you will get high-quality results.
4. Scalability and Flexibility
Another major benefit of hiring a FinTech app development company
is they design scalable and highly flexible solutions. This allows businesses
to adapt and grow with the changing market environment. This scalability
ensures your application performs optimally as the business grows.
5. Support and Maintenance
The Fintech app development company provides round-the-clock
support and maintenance once the iPhone app development company is built and launched. The
experts regularly update the application and add necessary features. In case of
any glitches, the app undergoes maintenance.
Wrapping Up!
FinTech applications have come to the center stage as the world
takes the path of digitization. Today, most people rely on these apps to make
and collect payments. The most common examples of FinTech applications are
Paytm and PayPal money. As the popularity of fintech is increasing in the
global market, the demand for fintech apps is rising. If you plan to build your
FinTech application, these top ten development companies offer the best
solutions. Out of the list, Dreamsoft4u is the most popular one, providing the
best services.
FAQs
Q.1 Should I outsource or hire an in-house
FinTech app development team?
Choosing between the two completely depends on your app
requirements. Before choosing, remember that an in-house team keeps you in the
loop throughout development.
Q.2 Mention the FinTech app building cost
Building a FinTech application costs between $60,000 and 120,000. An application with a basic feature ranges
between $30,000 to 60,000.
Q3. What challenges does a FinTech app
development company experience?
Some major challenges that the FinTech mobile app development firm experiences are data security, lack of technical expertise,
regulatory compliance, blockchain integration, and others.
Q4. What is the future of Fintech
applications?
Contactless payments and digital wallets are the most popular
trends as the world moves towards the cashless era. In the next decade, FinTech
app users will experience more secure and convenient payment options.
View Original link: https://www.dreamsoft4u.com/blog/top-fintech-app-development-companies
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