fintech-product-development
Be Our Loyal Guest to the Dashdevs Digest: 05.17 - 05.21
Have you celebrated international Banker’s Day or greeted some friends or partners of yours? If no, it’s never too late! But before you take your phone and start texting, grab a few interesting pieces of news to share with your interlocutor. Find just a few minutes for reading, and you’ll feel like a true fintech guru. Lead-out with this! Banking Updates in the Name of Enhancement Fed Is Thinking …
Fintech Back-End Development: Which technologies To Base Your Product Around?
The fintech industry today is stronger than ever. Don’t take just our word for it. Simply look at the stats – the numbers speak for themselves! $50 Billion is invested in fintechs annually Nearly two-thirds of all financial transactions are made online More than 500 new fintechs are created every year Banks can gain an up to 30% operations profit by turning to fintech Nearly 2 Billion …
Solutions To Key Fintech Development Challenges From A Proven Vendor
So, we’ve been in the market of fintech development and fintech development outsourcing for more than 10 years. With more than 30 projects under our belt, we can say two things for sure. One, every single one of our projects was a truly unique experience. Be it the need to reduce the weight of 120+ gig verification networks to fit inside a mobile app, or inventing innovative user interface …
Budget allocation and management in a fintech startup: the quick-start guide
It pays dividends to think well in advance about the potential problem areas in the app development lifecycle. By considering issues, risks, and resource requirements ahead of time, you can help to ensure that your development process is as smooth and as cost-effective as possible. Here, we’ll look at the fintech app development lifecycle in more detail, and think about the areas that should be …
Everything You Need To Know About US Fintech Regulations
The regulatory landscape for fintechs operating in the US is extremely complex. There is no ‘fintech-specific’ regulatory framework in operation in the US, but fintech businesses’ activities will almost certainly come within the purview of several regulatory bodies and will require the firms to register and comply with the obligations set out by one or (more likely) several regulatory bodies. The …
What Your Digital Payment Strategy Is Recklessly Missing
The digital payment landscape is developing fast. Your customers want to do the shopping where, how, and when they wish. They look to buy from merchants they trust and with a modicum of effort. They expect a seamless and quick checkout experience. In this context, digital wallets answer all the requirements, and their vigorous growth in popularity is yet another proof. Currently, around 2.3 …
The Long-Lasting Coronavirus Impact on Economy or Thoughts on the Business Change Amid COVID19
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 & …
Stripe Issuing and Why You Should Care About New Credit Card Issuer
As most of the world is on lockdown trying to prevent further spread of COVID-19, it’s hardly surprising that people are massively turning to the Internet to buy what they need. New circumstances make some goods categories reach new heights. For instance, US sales of baking mixes increased by 489%, nail polish - 335%, hair coloring - 310%, and chocolate - 298%, as compared to the same period …
Microsoft Orleans a Leverage for Financial Software Development
Nowadays, market players within even the most regulated industries like banking are becoming more and more interconnected with each other. Card processing, account management, online investment platforms, budgeting apps, “traditional” and challenger banks — all these solutions are often closely tied. Open API initiatives like Open Banking push this process forward, forcing financial …
How to Start a Fintech Company and Make It Successful-2: Business Product Ideas
Today over seventy-five percent of individuals use fintech products, and their expectations for services not only remain high, but they’re continually growing. They’re looking for faster payments, cheaper services, and other personalized offerings. Currently, fintech, or financial technology, is a roomy term that describes both startups and SMEs providing financial services through the …
The Rise of PPaaS: Preparing for the Next Wave of Fintech Disruption
The financial services industry is continuously undergoing dramatic changes in response to regulatory updates, emerging technologies, and operating models. The boom of banking-as-a-service, with its innovative approach to delivering banking products, is a case in point. The PaaS (payment as a service) fintech platform providers enable their partners — which may include insurers, fintech, telecoms, …
Introduction to Insurtech: Business Models, Challenges, Trends, and Examples
Insurance is one of the most conservative industries, so it comes as no surprise that it has been slow in adopting innovation. However, just as fintechs are shaking up the banking and financial services industry, insurtech companies are starting to disturb the insurance world. Today around 86 percent of insurers believe they should innovate at a rapid-fire pace to keep up with increasing demands …
How to Start a Fintech Company and Make It Successful. P1
The industry of financial technology products is moving into top gear with each passing year. The total fintech funding has already topped $8.3B according to the CB Insights report. Innovators and entrepreneurs come up with forward-thinking ideas for fintech startups, continuously identifying new growth opportunities. The Dashdevs product development team receives requests for the production of …
Robotic Process Automation is to Become a Growth Strategy for the Financial Industry
With the expansion and maturity of computer processing capabilities, information technology has already reached the point where it can deliver human-like tasks. Although some individuals — including our clients and partners — think of robots as humanoids that act like humans, droids similar to ones in Star Wars, or mechanical arms like the ones used in Toyota factories, it’s not the case. …
Dashdevs Year in Review: The Biggest Achievements and Brightest Moments from 2019
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. …
The Ultimate Guide to Fintech Development Outsourcing: How to Make It Work
Fintech ceases to be a simple buzzword and a short-term trend. These days it is one of the most promising and ambitious branches, and the numbers speak for themselves. As of February 2019, there were over 12,000 fintech startups globally, and the sector exceeded $55 billion in investments. Meanwhile, the worldwide financial industry is expected to cost over $26 trillion in 2022. From individuals …
The Internet of Payments and Benefits of IoT in Financial Services
From smart speakers, wearables, and refrigerators to self-driving cars, connected homes, and smart cities — internet connectivity continually pushes back the limits and wins new markets. It can be reasonably called the next stage of the digital revolution, and it is expected to transform our lives significantly. Gartner foresees that there will be over 25 billion Internet of Things solutions in …