fintech app development

Your free e-book!

See when it is not worth using Scrum.
"Why Scrum Doesn't Work" Download

Innovative Features of Fintech App Development

We are moving away from physical cash, we have been making payments for everything by phone or computer for many years. The financial industry has turned upside down and the number of facilitations has become amazing – contactless payments, complex blockchain solutions or AI development facilitating banking processes. It all happens every day and is not going to slow down.

 The number of web and mobile applications that are created for financial industries is still growing, but not only in the “Fintech Industry”. Financial solutions are literally used in every industry (payment gateways, integration with payment systems, sales service systems). 

Read this blog entry and see what functionalities a solid financial application should contain.

What are the key features in most of popular Fintech apps?

In this case, it is worth using an example that will explain specific functionalities. Take, for example, a web application that is used for invoicing for budding entrepreneurs. First of all, such an application would have to be able to: 

  • Tools to budget prevent you from overspending,
  • Financial software divisions your expenses so you can know where much of your money is invested,
  • Multiple payment options,
  • Possibility to add new users (advanced accountants)
  • Securely send invoices
  • Reporting and reminding of upcoming payments
  • Integration with your bank
  • Collaborate data

These are just a few of the conveniences that a web-based application should be used by a young entrepreneur. Why is it so important for your application to have the above-mentioned features? Because the market is large and you need to keep the backbone of your application so that it is willingly used by users. The main thing is to listen to your customers, and not create application amenities that nobody needs. This is a common mistake!

Integration of the financial application with other solutions

Banks are excellent examples, financial startups too. They know perfectly well that often a change in design, the use of AI or ML or even integration with new functionalities in today’s competitive market is literally necessary. Thanks to the appropriate application, taking a loan, managing expenses or taking care of making transfers on time is even simpler and more pleasant. The amount of VC investment funds in 2018 amounted to over USD 40 million. Growth is enormous, but it’s hardly surprising if there are so many companies and banks – but there is still a good deal of pie to share.

Charts and transparency in the financial application

I count dashboards and panels that visualize finances is a trend that started for good in 2016 and continues. The user loves when he receives personalized content in the application, general information is often unattractive to the eye, and yet we are all visual people. It is also much easier to make an investment or loan decision if your user has no doubts and knows perfectly well what is happening with his finances on the account. 

So another functionality is great UX design and the use of visual effects such as diagrams, charts or even automated video. The fintech industry is known for its simplicity and great security.

Agile software developers

An element of personalization of your application

Deepening the relationship with the user of the financial application today is possible on many levels. First of all, the application, which is integrated with social media, can match the loan offer or deposit wins with competition. To guess what exactly the user needs, hundreds of A / B tests are needed, but when the application reaches an unprecedented level of personalization of the message, it will simply take over most of the market. A good example are banks that use the voice of artificial intelligence that reads your name aloud. It’s a detail that can make a difference and bring a smile to your face. What are the game-changing factors that could boost Fintech project?

Machine learning chatbot is a must-have today

An automated communication process, a specific question and answer session with a robot are a great sign for the user that he is in the right place. The first point of contact of the customer is very important, so when AI answers all customer questions in a relevant way – the bank begins to appear safe in the eyes of the user.

Automation and artificial intelligence lead the way!

Artificial intelligence and elements of automation in the financial application is able to relieve the user at an unprecedented level. All repetitive activities such as ordering payments or setting up a credit account today can be done by artificial intelligence for the user. AI is able to remind the user about the most important things to do during the day.

Application of blockchain in financial application

Incredibly fast transaction data exchange, which nobody has access to, is secured and is not subject to the central banking system is blockchain. The use of this technology means that making transactions between users has become more discreet, secure and faster.

Implement those great features in your brand new fintech app today!

As you can see, the use of a multitude of financial solutions in the application is possible in a simple way. Users are accustomed to high quality and responsiveness of applications, which is why the industry is verifying good applications so quickly from those that nobody uses. Sail with the wave, understand the market and expand or build MVP of your application with real professionals!

cto - Chris Gibas

Free 30-minute consultation with our CTO

Chris Gibas - our CTO will be happy to discuss your project! Let's talk!

More blog posts
Interesting ideas for using AI in e-commerce


Substantive support - Julianna Sykutera

Interesting ideas for using AI in e-commerce

In today’s world, when you run a company, your customers require your service availability all the time – 24/7.  Not all customers are so demanding, but a considerable group surely wants you to offer professional support at any moment. With traditional solutions, providing 24 hours per day customer service is very expensive. Fortunately, you can use AI-based solutions for e-commerce. […]

Should you use Angular for developing a business solution?

Choosing the best tech stack for your company’s application is not easy – especially if you’re not tech-savvy. How can you make an informed choice between so many popular programming languages and their frameworks? We would like to tell you more about Angular and its application in business projects.  Angular has now been on the market for quite some time […]

Should you use Angular for developing a business solution?


Substantive support - Julianna Sykutera

Main differences between deep learning and machine learning


Substantive support - Julianna Sykutera

Main differences between deep learning and machine learning

Since the moment artificial intelligence first appeared, many new business and technological solutions have been invented. Creating them, though, would not be possible if not for the development of machine learning – and later deep learning – which enabled machines to learn how to process user requests similarly the human would do.  Machine learning, which was invented in 1980 (referred […]

What are the most popular JavaScript frameworks?

JavaScript and frameworks created in that language can be used for both backend and frontend parts of an application. Better knowledge about available technologies will help you make an informed decision when it comes to choosing a tech stack for your next project. JavaScript has a considerable number of backend and frontend frameworks that can be used for mobile and […]

What are the most popular JavaScript frameworks?


Substantive support - Julianna Sykutera

Get a free estimation

Need a successful project?