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How to Create a Mobile Banking App?


4 min read

Customers used to have to physically visit a bank during business hours to perform even the most basic banking tasks. Customers of financial institutions may now benefit from convenient mobile banking apps. Customers will naturally base their decision on how well the traditional bank’s mobile app meets their needs.

Before you create a mobile banking app, you should know what features make a successful banking app, how long the development process takes, and how much money it will cost.

The question then becomes, where and how do you start? So, let’s take a look.

Types of Mobile Banking Apps

In general, there are five major types of fintech applications

  • Near Field Communication (NFC). This is a new fintech software development technology that allows financial institutions to accept contactless smartphone payments. Keep in mind that the ITS OS also requires a customer fingerprint verification.
  • Digital wallets. Digital wallets, which store all of a user’s bank card information, can be used in place of physical cards. When you create a digital wallet, you typically integrate NFC solutions into it.
  • Quick Reply (QR). You can check out items at physical stores with a mobile QR code scanner and make payments based on the generated list of items.
  • Mobile transaction management. Customers who use this form of online banking software have complete control over all bank card transactions. As a consequence, for the great majority of transactions, traveling to the bank in person is unnecessary. Isn’t this the reason to build a mobile banking app?
  • Internet payments. Most banks now provide mobile applications that enable online payments through popular services such as PayPal and Stripe.

Most of the time, the features of multiple apps are combined into a single modern mobile banking solution.

Tech Stack to Create Mobile Bank

Each method to build mobile banking application has its own set of benefits and drawbacks. However, there are two approaches to developing mobile banking apps that compete: native and cross-platform.


You may build a digital bank using native programming which is designed particularly for a mobile platform such as Android or iOS. Native applications are platform-specific and can only be used on the operating system for which they were designed.

Native development requires a thorough understanding of a platform’s structure and code. As a result, if you want to create an app for both iOS and Android, you’ll need to create two separate apps that look and perform similarly but have quite different backends.

If you make a mobile banking app for Android, you will typically use Java or Kotlin, while iOS apps are generally written in Objective-C or Swift. The native approach is often used for developing complicated programs with rigorous speed, safety, and quality criteria.


Many people mix up hybrid and cross-platform programming. The ability to reuse code is a characteristic shared by both approaches, but that’s all they have in common. When you create a fintech mobile app using cross-platform technologies, you create them from a single codebase and run natively on both Android and iOS, while hybrid apps are created using web technologies (HTML5, CSS, and JavaScript).

Cross-platform applications usually deliver an experience comparable to native apps since they leverage the native rendering engine of the target platform. The cross-platform approach is widely recognized as one of the most important contemporary advancements in the development of a mobile app for banking.

React Native and Flutter are two popular cross-platform programming frameworks. Both Facebook and Google (through the Dart programming language) provide comparable frameworks.

Must-Have Features for Mobile Bank

One of the most significant characteristics of mobile banking software is that it is secure and simple to use. Furthermore, banking applications must fulfill a host of other standards in order to be successful. Customers who are financially knowledgeable have come to expect a certain set of features from a dependable app. Consider these best mobile banking app features and benefits if you want to feel safe while using a mobile banking app.

Two-Factor Authentication and Biometric Authentication

The customer should be the only one who has access to their device’s banking app. If they misplace their phone, having two-factor authentication and, even better, biometric authentication such as fingerprint scans or facial recognition can help prevent unauthorized users from accessing an account. This is an essential one among banking mobile app features.

Account Usage Alerts

Money access is critical to the success of building mobile banking apps for fintech since it enables users to use their app whenever and whenever they need it. To stay on top of their financial status, customers should be able to set up alerts that are tailored to their specific requirements. If there is a big transaction, such as a large purchase or a low balance, your app should tell them.


When you create a mobile banking application, keep in mind that the majority of banks’ mobile applications now feature a geolocation API that can locate nearby financial facilities such as ATMs and tellers.

Due to security concerns, travelers frequently experience difficulty accessing money while away from home. Banking apps should allow you to notify your bank that you’ll be away so that your vacation doesn’t go off the rails.

Card Control

One of the most inconvenient things of making online purchases is having to input your credit card information repeatedly. You may skip the headache and pay your invoices without wasting time thanks to Click-to-Pay.

On the other side, controlling card flow and payments is a base feature when you start a mobile banking app. Budgeting has come a long way from the days of paper budgets and rudimentary spreadsheets. Customers’ cash flow, spending habits, and account balances should be able to feed into a dashboard through your mobile banking app.


Banking applications that are successful combine cutting-edge security measures with user-friendly interfaces and the ability to access a broad range of banking services and products. While you develop an online banking application of this scale, it is critical to plan out the feature set for the first and future app versions, and to ensure that the MVP assists in the discovery of any serious design or product-market fit flaws.

Dashdevs takes pride in creating high-quality mobile apps for Android, iOS, and other platforms. While the work is challenging, we like it. Send us an email regardless of how big or little your project is. We can teach you how to transform your app concept into a working product.

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