How To Create A Mobile Banking App?
october 25, 2023
Explore reasons to opt for creating an app, the scope of major app features, and the key steps to develop your best software solution for distributing services.
Fintech App Development
Book a consultationYour Concept, Our Tech Expertise:
Together for fintech excellence
Developing a fintech app is a project, that requires both solid business planning and fintech expertise to succeed. Entrust your best project to DashDevs --- an experienced mobile finance app development company. Our seasoned professionals provide end-to-end development, from research to deployment and maintenance. We ensure timely go-to-market, technical competitiveness, compliance, adaptation potential, and adherence to your business model.
14
years of
experience
in fintech
40+
apps launched
100+
fintech experts
on the team
Custom fintech ApP
Development Services
Native App Development
Choose DashDevs top-tier mobile application development company, to create native apps that outshine hybrid ones in user experience. Our native applications are expertly tailored for their respective platforms, guaranteeing exceptional user engagement and performance.
iOS APP Development
As a leading provider of custom mobile app development services, DashDevs specializes in developing robust, reliable, and scalable fintech iOS apps, perfectly suited for iPhone, iPad, Apple Watch, and Apple TV.
Android APP Development
Utilizing advanced technology, we enable businesses to excel in fintech mobile app and service development across Android platforms, including Android Mobile, Android TV, Android Tablet, and Android Wear.
Cross-platform app development
Our service specializes in creating applications that function seamlessly across multiple platforms. Utilizing cutting-edge technologies, we deliver apps that provide consistent performance and user experience on both iOS and Android devices.
Hybrid Mobile App Development
Our hybrid app development strategy effectively combines the benefits of online and native apps, using native elements as the core of your app’s functionality.
fintech App Design
We focus on designing fintech apps that are not only visually appealing but also user-friendly and intuitive. Our designs are tailored to meet the unique needs of the financial industry, ensuring a blend of aesthetics and functionality.
fintech App redesign and modification
Utilizing advanced technology, we enable businesses to excel in fintech mobile app and service development across Android platforms, including Android Mobile, Android TV, Android Tablet, and Android Wear.
fintech app support and technical maintenance
We provide ongoing support and technical maintenance for fintech apps, ensuring they operate smoothly, remain secure, and are updated with the latest features and technologies.
fintech app development consulting
Our consulting services guide clients through the fintech app development process, offering expert advice on strategy, technology choices, regulatory compliance, and market trends to ensure the success of your fintech application.
banking and open-banking api integrations
We offer specialized services in integrating banking and open-banking APIs, enabling seamless transactions and secure financial data management. Our expertise ensures your app stays compliant and competitive in the evolving fintech landscape.
third-party service integrations
Our team excels at integrating a range of third-party services into apps, enhancing functionality and the user experience. Whether it’s payment gateways, analytics, or social media, we ensure smooth and effective integration for an enriched app ecosystem.
Wearables and Embedded Software
Our embedded engineering team excels in developing mobile app software for wearables, ensuring smooth data collection, cloud transmission, and device interconnectivity.
Flutter App Development
Flutter, an open-source framework, is renowned for its comprehensive features, cost efficiency, cross-platform capabilities, and fast development. It’s an excellent choice for rapidly and effectively realizing your app ideas.
React Native App Development
Hire a digital mobile app development firm to boost your existing Android and iOS projects with React Native that combines the best features of native programming with React.
Kotlin App Development
Since 2019, Kotlin has emerged as a premier programming language for crafting mobile applications on the Android operating system. We utilize its powerful and efficient platform for effective fintech code development.
Craft Your fintech app Story: Together with DashDevs team
building fintech app features that users need
User Registration and Profile Management
At DashDevs, we design a user-friendly registration process, ensuring easy account creation and profile management. This feature is vital for personalizing user experiences and managing user data securely, setting the foundation for a seamless user journey in your app.
Secure Authentication and biometric security
We prioritize robust security measures, implementing advanced authentication methods, including biometrics like fingerprint and face recognition. This dual-layered approach not only secures user accounts but also offers quick and convenient access, enhancing user trust and app credibility.
Fraud Detection
Our team integrates sophisticated fraud detection algorithms to safeguard transactions against unauthorized activities. This system continuously monitors for suspicious patterns, providing an additional layer of security and maintaining the integrity of user transactions.
Digital Wallet Integration
We seamlessly integrate digital wallet functionality, allowing users to store, send, and receive funds effortlessly. This feature is essential for a streamlined payment experience, catering to the growing demand for digital financial solutions.
Payment processing
Our payment processing solution is designed for efficiency and reliability. It supports various payment methods, ensuring smooth and secure transactions, whether for online shopping, bill payments, or peer-to-peer transfers.
real-time Transaction tracking and history
The DashDevs team develops a comprehensive transaction tracking system, enabling users to view their financial activities in real-time. This transparency in transaction history aids users in better financial management and tracking spending habits.
Push Notifications and Alerts
We build customizable push notifications used to keep users informed of their account activities, reminders, and updates. This feature enhances user engagement and ensures timely communication of critical information.
Customer Support and Chatbots
Our fintech application development services include creating responsive customer support and advanced chatbots for immediate assistance. This feature ensures that users receive timely help and guidance, improving overall user satisfaction.
Currency Conversion
We integrate a real-time currency conversion feature, essential for users engaging in international transactions. This tool provides up-to-date exchange rates and seamless conversion, making cross-border transactions more accessible and transparent.
QR Code Payments
QR code payment functionality we can integrate allows for quick and contactless transactions. Users can simply scan a code to pay, making this a convenient and increasingly popular payment method in our digital age.
NFC Payments
Near Field Communication (NFC) technology enables users to make contactless payments through their mobile devices. This feature adds a layer of convenience and speed to transactions, aligning with modern payment trends.
Financial Analytics and Investment tools
Our financial analytics tools offer users insights into their spending patterns and financial health. Additionally, investment tools are integrated to aid in wealth management and financial planning, catering to both novice and seasoned investors. It fosters brand loyalty and customer engagement.
Loan and Credit Management
We develop robust loan and credit management features, allowing users to apply for, manage, and track loans and credit lines provided by an external licensed financial institution. This functionality is key to helping users manage their financial obligations efficiently.
Rewards and Loyalty Programs
We can design and build a rewards and loyalty program to help incentivizes user engagement and loyalty. This popular in the modern days feature can be customized to suit different business models, enhancing user retention and app popularity.
Insurance Services Integration
We incorporate insurance services, offering users the ability to manage various insurance policies. This advanced feature that need to be integrated with the support of an external insurance service provider broadens the app’s financial management capabilities, making it a one-stop-shop for users seeking diverse financial services.
Why You should develop app
with DashDevs
End-to-end approach
We provide comprehensive custom fintech services, from ideation and market research to testing, deployment, and maintenance. DashDevs is your go-to for finance app development projects.
cost-effective development
We adhere to the best software development principles to deliver you the most value per dollar invested. Our approach simplifies collaboration and communication while focusing most of the effort on tailored development.
transparency and reporting
DashDevs fintech app development company maintains full transparency in the development project. We conduct regular meetings to review the project’s progress and provide detailed reports with metrics and time spending indicated.
proven Fintech expertise
Over the past 14 years and upon the successful delivery of 500+ projects, 80 of which were fintech, DashDevs obtained a deep understanding of industry standards and the experience with the latest fintech technology.
Engagement models
Decide which collaboration model best suits your project
product development
Product development model covers everything from market need identification and design to development and deployment. It’s ideal for startups and non-tech businesses aiming to develop a unique product tailored to specific market demands without actually being involved in the project much.
outsource Development
The outsourcing model is designed for tech and non-tech companies looking for a comprehensive, end-to-end development solution. This approach is especially beneficial for businesses that prefer to focus on their core operations while leaving the technical aspects to experts.
staff augmentation
Staff augmentation model enables to boost the current team’s capabilities and add additional skills to the team temporarily. It’s ideal for tech companies with in-house dev team that need extra development resources and external fintech expertise.
steps in OUR fintech app development process
Discovery phase
In this stage, we evaluate the fintech mobile app development project’s general ideas, scope, terms, and competitiveness to lay the groundwork for success.
ideation and concept review
We conduct a detailed evaluation of the potential and prospects of your fintech app idea. This includes extensive market research, competitive analysis, and the creation of user personas to ensure that your concept has a significant potential for success in the dynamic fintech market.
Gathering requirements
We work closely with you to define and document the specific functionalities, features, and user interactions required for your fintech app. This thorough insight into your requirements lays the groundwork for a successful development process for your fintech solution.
designing and Wireframing
Our design team starts creating wireframes — the blueprints of your fintech app. This visual representation provides a visual layout of the user interface, detailing the arrangement of elements and the flow of navigation, and serves as an essential step in the subsequent design and development phases.
Infrastructure Architecture
Next, we design the infrastructure architecture of your fintech app, ensuring that the backend systems, databases, and server configurations are robust and scalable. This preparatory work ensures that the app will be able to handle the expected user traffic guaranteeing consistent and reliable performance.
Estimation
We provide you with a detailed estimation of the development timeline and costs. This transparent approach guarantees that you have a complete understanding of the resources needed for your fintech project.
Development phase
The main stage of digital fintech app development: Our team diligently crafts your product, meeting your unique requirements with the chosen technology stack for optimal results.
MVP or PoC Building
Building a Minimum Viable Product (MVP) or a Proof of Concept (PoC) allows for quick market or idea validation, respectively. Not only does it ensure that the selected approach and technologies align effectively with your specific requirements, but it also minimizes unnecessary expenses and helps reduce business risks.
end fintech app development
Once the concept is validated or the MVP is built and approved, we proceed with full-scale development of the fintech app. We transition from a developmental prototype to a fully functional, user-ready application, embodying the core objectives and capabilities envisioned in the initial stages.
Delivery phase
At the final stage of mobile fintech app development, we test the product, deploy it to the production environment, and provide ongoing support and maintenance.
qa Testing process
Quality assurance is our top priority. Through a thorough testing process, we ensure that every aspect of your fintech product functions as intended. We conduct functional testing, unit testing, load testing, user acceptance testing, performance testing, compatibility testing, and localization testing.
support and maintenance
Post-launch, we remain committed to your fintech product’s success. DashDevs, as one of the trusted fintech app development companies provide ongoing maintenance services to ensure that your digital fintech application stays current, secure, and performs at its best, adapting to user feedback and evolving market demands.
Fintech development
tech stack
mobile
Swift
Java
TypeScript
Objective-c
Kotlin
C++
Dart
back-end
.Net & .Net Core
Python
Ruby
PHP 5-7
Go
Java
Node.js
front-end
React
Angular
Vue.js
devops
Kubernetes
Docker
Latest news
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FAQ
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What is a banking app?A banking app is a digital platform allowing users to manage bank accounts, transfer funds, pay bills, and access various financial services using mobile devices. These apps usually offer features like account balance checks, transaction history, fund transfers, bill payments, mobile check deposits, and sometimes budgeting and investment tools. They’re designed for convenience, providing secure and instant access to banking services without the need for physical bank visits.
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How does mobile banking work?Mobile banking operates through a secure connection to a bank’s server. The connection can be established by the financial institution to its digital app itself, or, a non-bank provider can integrate a banking API that will provide such a connection to most of the banking services, supported by back-end processes on the licensed bank’s side. This enables to open banking accounts, conduct transactions, utilize lending services, and more.
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How to create a mobile banking app?Banking app development involves several steps: initial planning to define goals and functionalities, designing a user-friendly interface, implementing robust security measures for data protection, integrating with existing banking systems for seamless operations, and ensuring compliance with financial regulations. Development also includes testing for functionality, security, and user experience, followed by regular updates and maintenance.
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What are the requirements for a banking app?Essential requirements for a digital banking app include:
- User authentication methods, such as like biometrics or multi-factor authentication
- End-to-end data encryption and other mandatory security protocols
- Support for basic banking capabilities, including transaction processing
- GDPR, HIPPA, PSD2, and other applicable regulation compliance
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How long does it take to develop a fintech app?The timeline for a fintech mobile app development app can vary significantly, generally ranging from 6 to 12 months for a basic, yet fully capable software. Factors influencing this duration include the app’s complexity, the number and sophistication of features, integration with existing banking systems, adherence to various financial and security regulations, and the development team’s skill level. Larger projects with more advanced features or those requiring extensive security measures might take longer. A Proof-of-Concept that is useful to validate a fintech app’s idea can be developed in shorter terms, which are usually 2 to 3 months, and then scaled.
