Fintech platforms and applications

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    Fintech platforms and applications…. I have heard a lot about this lately, as I understand it, is it more for a large business or is there any need for such technologies and developments in a small business?


    Fin tech platforms for entrepreneurs and self-employed make life easier, but they are also expensive. Record keeping and competent recording of incoming and outgoing flows – so that these processes do not take up all your free time – is the key to stable growth, entering new markets and expanding the client base. This is especially important at the initial stages – it is during this period that entrepreneurs are faced with unaccounted for obstacles and problems that threaten bankruptcy in the first year of the business’s existence. A clear understanding of the state of your finances allows you to make more informed decisions about where and when to invest money, whether another loan is a smart move, and whether you can afford to expand your staff. At the same time, almost half (!) Of small businesses do not have an accountant or financial consultant, so will come to you for help with their fintech applications.


    FinTech combines two very crucial sectors of the economy: finance and technology. It is really important to understand the meaning of the term before going to search for different platforms and applications. Tech is transforming the traditional banking and finance industry by moving it towards digital platforms which provide better, more inclusive financial services for everyday citizens. There are many financial app development companies providing the same. Fintech technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services.


    Competition in business is always fierce, so many Fintech businesses look to find an innovative solution to common problems in order to differentiate themselves from their rivals. Real estate crowdfunding is the practice of financing a project by raising funds from multiple accredited and non-accredited investors.On one hand, crowdfunding is great in a sense because it allows companies to even raise funds at all, and they can do it more easily On the other hand, investors are able to become shareholders without spending much or buying a property to get a return.

    Shivam Verma

    Softpulse Infotech, being the best mobile app development company in India, advises companies to invest in mobile app development and make brand available for customers at their fingertips.

    FinTech apps are one in this category. Fintech applications help banks and financial institutions offer digital banking services to their customers.

    The demand for banking and finance apps is on the rise. People are increasingly downloading and installing finance or mobile banking applications for instantly sending or receiving money, checking account balance, applying for loans & uploading documents online, trading and investment, online credit bill payments, and many more.

    At, Softpulse Infotech, a top mobile app development agency, we focus on creating an app that meets your desired business requirements, improves user experience, and enlarges your brand credibility in the rapidly evolving FinTech industry.

    Let us know your Fintech app project idea and get a free app quote!


    fintech app development company will give the access to build the fintech businesses or fintech app development can be used to build the fintech applications where the users can access the data from multiple sources.


    Fintech is the financial sector application created so that entrepreneurs, companies, banks, and ordinary users can easily create and manage their budgets. Thanks to a greater expansion in recent years, this sector is making businesses more customer-oriented. If you decided to create a fintech app – this is the right decision.


    Fintech platforms and applications are primarily web or mobile applications which provide a range of financial services. It involves multiple types of services such as stocks & trading, mobile banking, money-saving investment, insurance, financial management, money deposit, and many more things. The fintech industry ever started evolving, the demand for fintech platforms and applications has increased a lot these days. Especially for startups, the fintech app is becoming a highly profitable business concept. They now work with a dedicated fintech app development company for building customer-oriented fintech platforms and applications.


    iByte Infomatics is a value-driven mobile app development company with extensive experience in bespoke finance app development. Our expert fintech app developers handle all of your demands, from conceptualization and design to post-maintenance services. We have a seasoned agile development team that specializes in employing cutting-edge technology to bring world-class fintech software solutions to your desk. Furthermore, since we employ reliable frameworks to assure significant financial software solutions, our fintech software solutions are compliant with all fintech requirements.

    So, why bother? With our custom mobile app development services, you can drive technological transformation!


    Now you don’t have to spend sleepless nights dreading the long queues in banks (when all you ever wanted to do was to deposit a cheque, can you imagine that?!). The mobile technology business is booming. Banking app developers are having the time of their lives. There are no more queues, and guess what? People are willing to pay for convenience. According to PR newswire “The Global Fintech Market is expected to reach a value of $305 Billion by 2025” ”

    With the advancements in mobile banking app development, the banking scenario has changed drastically. Technologies are being regularly upgraded to meet new challenges and trends emerging in the market and to fulfill customers’ expectations.

    In the old times, a bank was considered prestigious if it owned a big office in a posh area (yeah, sweet 90’s!). As for today, good banking requirements have changed. Now, a bank can only survive the competition if it has a sound running official website and a mobile banking app where the customers can reach their accounts without any hindrance or delay.

    This called for the compulsory up-gradation of banks to Fintech app development to stay in business. It is not only convenient to use but also ensures the providence of the best available services to customers. Remember, meeting customer expectations is definitely the newest trend in the banking sector.

    Recommended: How to launch a mobile app the right way?

    So, let’s have a look at an easy step-by-step guide to building a Fintech mobile app.

    Step-by-Step Guide To Build Your Fintech App
    Step 1: Do your research
    Fintech software developers have a lot of research to do before they begin the process of building an app. You have to make a map to outline a plan to finalize the outlook of the interface and the features that it is going to offer. Also, the scope of MVP (Minimum Viable Product) and all the features should be clearly stated.

    Step 2: Form a team
    As I have mentioned earlier, you got to have a team of professionals to start building a Fintech mobile app. You can either use outsourcing facilities or build an in-house team. Just make sure that the purpose and process of building the app are properly communicated to each member of the team, and they are familiar with the basic working of the Fintech app development company. You’ll need experts in the following niches:

    UI Designing
    Web developing (Node.js skills)
    Android Developing (Java Skills)
    iOS Developing (Swift Language)
    Software Testing
    DevOps Engineering
    Step 3: Define MVP (Minimum Viable Product) scope
    You have to define the scope of your MVP (Minimum Viable Product) and overall app. You can do this by going through these steps:

    Do your market research, especially regarding your product’s field
    Have sessions with your development team and clarify which features are a must-have in your app
    Use tools like Prioritization matrix, etc., to highlight the selected features
    All the features should be clearly stated. Make sure to check the validity of your basic idea, and see if whatever you require to give it shape is readily available.

    Step 4: Select your technology stack
    What is the technology stack? Let me tell you. There are various languages that can be used to build and design apps. You can go for the basic technologies (Java and Kotlin for Android, Objective C, or Swift for iOS). But as I have mentioned earlier, it would cost you more if you go for two separate app developments. There is another approach to take too. It is called Progressive Web App (PWA). It is a good option although it doesn’t let you use some of the in-built features of your mobile, for example, biometry.

    Disappointed? Here’s the deal. There is a third option too. You can use cross-platform app development to build your app. This way, you will have to write just one codebase for both iOS and Android (cool, no?). Wait, it gets cooler! By using this approach for designing your app, you can save up to 60% of your total cost. My opinion? Totally recommended!

    Step 5: APIs for basic functionalities
    Your fintech app has to cover various functionalities like bill tracking, budgeting, etc. you can utilize these basic functionalities if you own a business that is already offering these services. For a start-up, you have to build them from scratch.

    Whatever way you go, it is necessary to build APIs for smooth and fluent access across the website. My recommendation? Build REST (Representational State Transfer) APIs. This would include:

    Record your API with tools like Swagger
    For Testing and development, use tools like Postman
    For API development, make sure that you are using strong database solutions like MongoDB, PostgreSQL, etc.
    Rules and regulations for API responses and requests should be intact
    Enable authentication and data encryption for secure APIs.

    With the growing demand for online services across various businesses verticles, investing in mobile app development company has become necessary for entrepreneurs. As the number of smartphone users is multiplying daily, having a digital presence is a must to sustain the digital realm. To meet the online demands of the modern era, creating an engaging mobile applications service acts as a bridge to connect with your potential buyers.

    Hope this article helps everyone.

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