How to build your own FinTech App ?

 Here let us look at the importance of Fintech App & how to build your own Fintech applications.

What Is A FinTech App?

FinTech application refers to the web application or mobile application that an organization builds to deal with all its financial operations.FinTech apps aim to improve and automate all the financial services of an organization.

This Fintech application assists many companies, bankers, business owners, and more in managing all their financial activities via the usage of specialized apps & algorithms.

Why Should You Develop A Fintech App?

The revenue of Fintech in 2018 recorded 92B Euros worldwide. It is expected to reach 188B Euros by 2024 which is a 12% average growth.

67% of Banks believe Fintech will be significant for money transfer.

Stats says that digital banking is the reason for 4.6M new accounts in 2021.

By the end of 2022, 65% of Americans will use mobile banking

In the USA, 38% of Fintechs grant personal finance loans 

All these show the constant growth of the Finance Industry over 4-5 years. It also shows that FinTech will tend to grow over the upcoming years. Thus launching a FinTech App will bring you easy management of all your financial activities and bring you huge ROI.

Must-Have Features of Fintech App

These are the features that a FinTech App must be involved in.

Push Notifications

Simplicity

Push Notifications

Personalization

Types of Fintech Apps

Payment Mobile Apps

Insurance Mobile Apps

Investment Mobile Apps

Banking Mobile Apps

Lending Apps

Consumer Finance Apps

Things To Look Before Developing A FinTech App

Listed here are the things one must look at before the development of Fintech Applications. 

1. One must take care of the legal compliance

2. Completely plan a marketing budget which must be 2-3 times the development budget.

3. Think & have noted the clear concepts of creating a Fintech app with suitable features.

Ready to launch your own FinTech App Now? Contact Bitdeal’s experts to assist you with the best FinTech App Development Services.