In the fintech world, launching a money transfer business remains a high-potential opportunity—especially for those ready to navigate licensing, compliance, and tech implementation. While large players dominate the space, there’s still plenty of room for niche entrants and tech-driven remittance models.

If you’re exploring how to start a money transfer business, whether it’s an international …

Bank API is an integral part of modern fintech solutions—serving as the bridge between third-party applications and core banking systems. Whether you’re launching a digital wallet, automating payments, or offering embedded finance, banking API integration enables secure, real-time communication between systems by transmitting structured data through code.

In today’s API-driven ecosystem, …

Over the past decade, I’ve had countless conversations with banking executives across Europe and the UK. The themes are always familiar: legacy systems holding them back, growing pressure from digital challengers, and a customer base that expects more than just a functional app — they expect a seamless, personalized digital experience.

Regulations like PSD2 and Open Banking haven’t just reshaped …

While expanding a fintech business into Saudi Arabia offers numerous opportunities, it also involves navigating intricate regulatory integrations that can significantly impact your success. With the country aggressively pushing toward a cashless economy and heavily regulating the financial sector, overlooking key compliance requirements isn’t an option.

At DashDevs, we’ve successfully guided …

Correctly conveyed goals for the project and customer expectations regarding outcomes is easily the most valuable information for the software development project start. This initial statement of the problem, intended to be sent to the developer, is formed in a software Request for Proposal (RFP). Therefore, knowing how to write a solid RFP is a must for any business owner, manager, or other …

Scalability and efficiency are critical for any growing business, but outdated or badly structured software can slow development, increase costs, and create technical bottlenecks. As systems grow, accumulating technical debt makes it harder to introduce new features, optimize performance, and keep stability. Ignoring these issues leads to slower development cycles, higher maintenance costs, and a …

In 2025, businesses will adopt transaction processing systems (TPS) for online transactions, expanding the field. Digital payments are on the rise.

Security breaches cost companies billions annually and can undo years of hard work in an instant. But here’s the good news: it doesn’t have to be this way. By embedding security into every phase of the development process—a practice called the Secure Software Development Lifecycle (SSDL)—you can protect your product, your users, and your reputation.

From working on high-stakes projects, we know …

Vendor lock-in is a significant business risk that affects various industries. In IT, it often occurs when a company becomes overly reliant on a specific software provider, such as for cloud computing or CRM. This reliance can lead to escalating costs, diminished performance, and increased security vulnerabilities over time, as the infographic below reveals.

Saudi Arabia has a growing IT market for those looking to expand their horizons, scale a business, or start a project aimed at the needs of the country’s residents. The prospects of the market are alluring, with a variety of opportunities and quick growth. And so, Saudi marketing has its own specifics.

In this article, I will highlight the following points:

1. Saudi Arabia market overview …

A project roadmap is vital for strategic planning. It enables project managers to communicate the project’s aspirations and major milestones visually. It can help smooth the planning process and avoid pitfalls during the project development process.

A roadmap is more than a guiding light throughout each development phase; it is a reference point leading up to the project’s release. Statistics show …

Gamification in banking is a part of so many digital growth strategies that it is now seen more as an ultimate way to enhance customer engagement. Interactive software solutions possess the competitive leverage needed in a crowded fintech market, bringing new innovative ways to optimize already well-functioning segments. It sets a new set of expectations for customers, and now they seek faster …

The digital payment boom has changed how people buy and pay for things. For example, modern businesses are use electronic methods to make their operations more efficient, and it helps them achieve competitive leverage. The online payments imply the presence of a merchant service provider.

Crafting a clear plan for entering the market is easily one of the most impactful things a startup can execute to get closer to success. 

Running an online business demands constant adaptation to new market trends. Suppose your business involves receiving payments for goods or services. In that case, you’re likely familiar with the challenges linked to traditional bank cards, transferring money, delays, and intermediary service fees.

With the age of cash transactions fading, there’s a growing need for a modern and …

Node.js has become a popular choice in the fintech industry because it alows handling real-time data processing, high scalability, and fast performance.

Modern-day websites increase in their complexity day to day. To operate them effectively, companies need better instruments to manage content and user data. Admin panels are a core website software that grants such necessary capabilities, so putting them to use is beneficial.

In this article, you’ll discover what are admin panels and why it’s often preferred to use React frameworks to develop …

The fintech industry in 2024 has witnessed unprecedented growth, solidifying its status as a pivotal player in the global financial ecosystem. From the bustling streets of New York to the financial hubs of London and Dubai, fintech innovations are not only reshaping how businesses operate but are also redefining consumers’ relationships with their finances. 

According to EMR, the global …

The success of the wealth management sector is based on direct human contact. When dealing with high-net-worth clients, wealth managers must go beyond basic financial knowledge to truly empathize with their client’s unique situations and goals. To keep pace with today’s world, wealth managers need to embrace innovative technologies and concepts that foster personal connections.

Over the past few …

Imagine walking into a local shop and seeing every item of clothing in the same color and size. That is practically a characterization of software that was never tested. It either fits your demands (by chance) or it’s absolutely worthless.

The goal of creating a software product is to meet a wide variety of demands, that is why quality assurance is becoming a key focus in the development budget, …

For the last 5 years, Apple, Google, and Microsoft have all been hiring developers in Ukraine because of programmers’ high-level IT and English skills, similar cultures, and time zone convenience.

Developing a digital product demands careful selection of the right partner. While it may seem simple to search for a “software development agency near me” and gauge its suitability based on its website and past projects, the reality often calls for a more cautious approach.

Proper preparation is critical to find an agency software development that fits your needs. Don’t overlook …

Understanding behavioral finance gives fintech companies a competitive edge! How do they do it? By using customer feedback and applying the most effective customer experience techniques.

We’re all driven by emotions, especially when it comes to money. Just like you, I enjoy seeing my card balance grow and feel uneasy when it falls. But beyond the numbers, what really connects us with banking …

If you have a fantastic product that you’ve invested time, effort, and money into, but it’s not selling as expected — don’t overhaul it or give up on your business. The lack of sales and profits might not be related to the product.

For instance, if you notice that customers are adding your product to their basket but not completing the purchase, the problem may be hidden in the …

The adoption of ISO 20022 brings to mind the tale of the Tower of Babel, but with a twist — instead of confusion, it’s about creating a unified language. No matter how brilliant your idea, years of effort can go to waste if your team communicates in different languages, just like people in Babel. However, imagine a scenario where everyone communicates in the same language and understands …

In a significant move that marks a new chapter in the fintech sector, DashDevs LLC, an international software development company with offices in the USA, UK, and Europe, has announced its acquisition of the Ukrainian outsourcing company ITOMYCH STUDIO. 

This strategic merger brings together two formidable forces in the technology sector, set to revolutionize fintech innovation and market presence …

In the tech side of banking, a big issue is that many old-school banks still use outdated computer systems from the ’70s and ’80s.

Conversely, new and smaller companies with super-efficient tech are becoming their tough competition. This happens because many big players are stuck using old systems from decades ago, causing a major problem in the banking tech industry. The solution to …

Are you starting your own fintech business in the UK but getting tangled in the web of ever-changing rules and regulations? It’s always a dark forest for everyone who wants to step into this field, and I’m here to guide you through it.

As a CEO with over 15 years of experience and a fintech expert who helped launch over 20 fintech products, I will try to gain your trust and demonstrate that …

From my experience, and based on the open statistics, around 75% of consumers today actively use fintech products like banking apps. No wonder they have high expectations for the services they get. 

In that regard, most financial institutions recognize that digitization is critical to their long-term prosperity. As I could notice, they intend to automate financial operations and make them more …

Undoubtedly, we’ve all experienced the sheer convenience of ordering products online and effortlessly swiping our cards at the favorite stores — simple and efficient, isn’t it?

Today, we live in a world that elevates the customer experience and holds immense benefits for businesses — the realm of payment acquiring.

Merchant services that handle payments within the United States have …

Let’s talk about “burnout” in the world of IT. It’s more than a trendy word—it’s a real issue that can harm employees’ work and well-being. If you’re a manager or leader, getting a handle on burnout is vital. Here, I’ll discuss some tips to help create a happier, healthier team.

Imagine this: Lisa was a standout employee when she joined your team. …

The financial industry has changed a lot as a result of the behavioral economics and fintech blend. Thanks to knowledge of how people act and make decisions, businesses now can build solutions of any kind to satisfy the demands and preferences of very different clients.

In this in-depth guide, I will cover some of the main points on how fintech businesses may utilize behavioral economics data. By …

When we create an idea, it’s similar to falling in love. You see no flaws in your creation; there are no downsides to what you’re passionate about, and this is absolutely normal to feel that way. However, the target audience does not always share the creators’ point of view, causing many startups to fail.

Usually, when we create something, our view is biased by our own experiences and …

Social Media Payments: A Game-Changer for the Financial World

As someone who has witnessed the transformation of social media platforms over the years, I am excited to explore the latest innovation in this space: social media payments. It is amazing to see how far social media has come from being a simple means of communication and entertainment to becoming a powerful tool for commerce. The advent …

Climate change is no longer a distant threat but a reality. It is already affecting the global economy, including the financial industry. The scientific evidence shows that human activities, such as burning fossil fuels, deforestation, and industrial processes, are causing the Earth’s temperature to rise at an unprecedented rate. In the graph below, you can see how global temperature …

Fintechs in 2023 have evolved from being solely focused on profit. To keep next generations of customers, successful financial services leaders operate their businesses in a manner that serves the greater good while still being innovative and profitable. This approach is known as Corporate Social Responsibility (CSR), which emphasizes the ethical practices of companies.

In this article, I will …

So, you’ve entered the fintech ecosystem. Now, you might conclude that partnerships can contribute to an easy start for you in the industry. But the main question remains: how can you find companies and tech startups to partner with?

This question bugs not only the newly established businesses but enterprises with loads of experience face the same problem. Your partner should be reliable, …

Financial technology, or ‘fintech,’ refers to the use of computer algorithms or technology to enhance the financial industry. Since early 2014, government agencies, businesses, customers, and researchers have been closely monitoring the sector. Although blockchain initially gained recognition as the distributed ledger for Bitcoin, it has now gained popularity for use in other fintech …

The fintech business model is a pillar of how your business works and moves towards its goals. This detailed strategy identifies how to gain more revenue, enhance productivity, and increase the profits.

Data-driven banking has the potential to revolutionize the banking sector by allowing financial organizations to make decisions based on reliable, precise data. Banks can gain insights into customer behavior and preferences by harnessing data analytics and using the knowledge to customize services and products to their customers’ needs. This could result in increased consumer satisfaction …

Even before the covid-19 pandemic started, I was convincing businesses to adapt their digitization strategies. Companies focused on the future continue to develop and invest in their own destiny despite the economic downturn and have a much better chance of surviving and thriving. Those who cut costs and curl up into a fetal position are doomed to fail. It’s time to “prove …

The financial industry has rather responded to the disruptive side effects of COVID-19, but it hasn’t come out of 2021 unharmed. Top fintech industry trends in 2023 are going to challenge it but also will make it stronger.

And though at least 50% of traditional banks are not covering their cost of equity, there is some good news, too. Global fintech investments in 2021 recorded 210 billion dollars …

Nobody could have predicted the digital transformation trends that the world will now navigate in the early 2020s. When the pandemic hit, the urgency of digital transformation activities increased dramatically. Organizations of all sizes and across all industries have had to invest in cutting-edge, collaborative technology to stay competitive.

The price tag was an unpleasant awakening for …

Once upon a time, getting potential customers interested was all about making a Minimum Viable Product (MVP). Many new businesses used to “go basic”, which means they make a product with as few features as possible to get people’s attention quickly. By putting out a basic version of the product first, the marketing department can see if people are interested and make changes to production …

When you start a fintech company, there are some prevailing ways to run a business, depending on your goals and objectives.

A business may be grown by hiring IT experts in-house or by partnering with a company to do all the tech jobs for you. In addition, the consulting model may be able to give your company a wide range of creative abilities in the field of fintech.

4 Prevalent Business …

Nowadays, there are a plethora of options on how to launch a fintech startup and supply it not only with a starting capital but also long-term financial support. Getting six-figure funding for a worthy project is a goal descended from the seventh heaven to a more down-to-earth realm. Now you don’t need to work with your head in the clouds anymore! The recipe is relatively simple. Let a good …

The state of things with artificial intelligence implementation is positive only in developed countries. Here, investing is available, and it’s purposefully spent on testing the new innovative technologies. The US, Europe, and China share the lead in this battle for high-tech business solutions and market expansion. In the end, due to their common efforts, the popularity of machine learning …

To experience fear is just the nature of things, and the entailing striving for safety is #2 in Maslow’s hierarchy of needs for a reason. That’s why the basic mission of the insurance business is to free the person of anxiety, chaos, or specific concern. The scope of insurance help is extremely wide these days, and we’ve prepared the UK and US examples from the different spheres …

2020 truly highlights the massive shift to remote work, which is driven by the post-COVID-19 society transformation. Never before the employer had been so flexible and understanding in the ‘work from home,’ ‘work from anywhere,’ or hybrid workspace (both office and home are allowed and can be varied). At least on the global scale. Freelance also reshapes its conceptual …

So where are we six months or a year from now? What does the future hold for us, our clients and partners, and friends?

After a call with a business prospect, I sit in my chair in the empty office. All the employees are working from home, and we’re rather lucky since nearly all of our clients are digital, and indeed most of them are in entertainment, online banking, fintech, and health & …

These days a landing page is a must-have for effective business growth. It describes your product or service, benefits for potential users, and articulates your goals. It is where a customer comes clicking on the ad or performing a search. And most importantly, a well-thought-out page can easily become the primary sales tool or literally revenue generator.

Snow is all over the streets, Christmas lights and New Year trees are shining across the city, making this time of the year so very special. Traditionally, in late December, I analyze the past 12 months to evaluate the results that Dashdevs — fintech consulting and outsourcing company — has achieved. If I try to compare Dashdevs three years ago and now, it would be almost two different businesses. …

Have you ever thought of how long does it take to change one text label in a mobile application? It is way too common request from a client of any outsourcing or product company, and working on over 35 projects simultaneously, we can receive around 10 similar inquiries per day. The reasons for such an update can be different — legal or compliance team requests, spelling mistakes, changes in …

We love to develop mobile solutions. It’s not another marketing slogan for us. Dashdevs team has the heart set on the idea of creating top-notch digital products, and we hire people who understand our passion and share it.

Creating a mobile application starts with a recognition of the problems that we want to solve, followed by a few rounds of the design, development, re-thinking, re-designing, …