Financial App Development

With the rising popularity and demand for cryptocurrency and its blockchain technology, many companies are trying to use these features in financial applications. If you are a pro on crypto-market and creating custom cryptocurrency as one of the pillars of your business – that is one thing. There can be FinTech apps designed specifically for that. But if your customers don’t use it or are uninterested – that would be a waste of time and money. You need to have not only your business process but a target audience to be analyzed first. Implementing a blockchain framework is a complicated process that requires resources, transaction speed, data transparency, security and storage, compliance with certain standards, etc. There needs to be a detailed plan and a goal for using blockchain. Will your business even benefit from this technology? What can it offer to our customers? These and other questions must be answered beforehand.

Having UX design as one of the priorities would be the best approach for FinTech apps development. Taking into account user experience will provide a solid base for creating an easy-to-use helpful tool. That brings us to usability testing – another important step to ensure the stability and potential success of the product. You can start with MVP (minimum viable product) versions to test features and collect data for future improvement. And last but not least – feedback. Collect info from users to locate and fix pain points.

Engaging and maintaining user interest is critical to the success of a FinTech program—if no one is using it, it will not provide enough return on Investment. Here is how you can support and maintain user engagement: Interactivity – adding share/like functions, suggestions, and assistance. Personalization with a smart interface, personal notifications. Bonuses and achievements. Regular updates. Surveys and other ways of gathering feedback.

FinTech apps can have the same problems as any other app. Although security aspects are the most important to consider, it is usually some interface problems that create the most issues. Given the intricacy of the theme, it is vital to provide the customer (end user) with a thought-out design and logical structure. Target audience mismatch is a prevalent mistake as well. You need to stay focused on a specific end user. Keep in mind future updates and product progress.

The price of having a custom financial app areated for you mainly depends on the difficulty of the project. The more functions you’re planning to include in the final product, the more time, people and thus money its development will take. This is generally not the easiest task, especially if you want to offer maximum features. The price will also change depending on whether you want two separate apps for iOS and Android or one cross-platform. When all the details are agreed, goals established, and the tasks for the project are planned, we will be able to reveal the cost of the development and the lead time of the finished product. These obligations are fixed in the contract.