API In Banking: The Guide to Bank APIsAt a restaurant, you can’t go directly to the kitchen to make an order. You need an intermediary to pass your order to chefs and then bring the prepared food back to you. From a non-technological point of view, an Application Programming Interface (API) is a waiter, the restaurant is a third-party application or platform, and the kitchen is a bank that provides you with financial services. So, API …
KYC: Fraud Detection In Fintech AppDespite tons of innovative security measures, fintech companies always face different types of fraud. From April to June in 2023, investment fraud emerged as the most financially impactful compared to other cyber crimes, resulting in losses of £135.2 million. Can you imagine your business losing tons of money just in one wrong click? Unfortunately, it happens every day. On average, fintech …
ChatGPT for Fintech: How to Use ChatGPT in BankingArtificial intelligence (AI) has changed the financial services industry, with applications in investment banking, insurance, wealth management, and more. One of the most promising AI tools for investment banking is ChatGPT. This generative pre-trained transformer language model can be used to provide virtual assistants for customer service and support. Chat by Open AI can handle complex financial …
Are Unit Tests a Wasteful Expenditure or a Promising Investment?I’m Dmytro, a seasoned .NET Team Lead immersed in the IT industry for over 6 years. Having been involved in crafting numerous products, I’ve learned that while we often focus on the major aspects of product development, this endeavor has an indispensable yet overlooked side. The booming market entry and continuous business growth hinges on two fundamental elements: stability and …
Developing a Custom Payment Gateway: Key Steps and ConsiderationsPayment gateways are an integral component of the digital payment processing flow that ensures secure, efficient, and convenient online transactions. Notably, businesses across diverse industries can benefit from both custom payment gateways and seamless payment gateway integrations, enhancing their operations and customer experiences. According to Statista, the total transaction value in the US …
New Fintech Regulations in the UKAre 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 …
How to Create Fintech App For Gen Z | DashDevsGeneration Z’s financial preferences are swiftly veering away from traditional modes of payment, embracing innovative alternatives such as Buy-Now-Pay-Later solutions, digital wallets, and cryptocurrencies. The following statistics scream: “Today is the best time to create a fintech application that aligns with Gen Z needs!” A significant part of Gen Z, estimated between 50-80%, …
Node.js and Microservices: Unlocking Scalability and Flexibility in FintechIn the ever-evolving fintech industry, the microservices approach has emerged as a pivotal paradigm shift from monolithic software architecture. Companies that employ microservices in their applications can quickly build, update, and grow their digital goods. Node.js, a runtime environment that is extremely well-suited for the fast development and deployment of microservices, is at the core of …
SCRUM Methodology in Fintech DevelopmentHave you ever had an idea of creating a fintech product but stopped at the planning stage? You might have asked yourself: “Where do I begin?” “How do I manage my time?” “Who must I bring on board to make this happen?” “Do I need a team, or can I do it alone?” “What if things don’t go as planned?” “What if my idea fails?” …
Mastering Mobile Banking App Development: Complete GuideCustomers used to have to physically visit a bank during business hours to perform even the most basic banking tasks. Now, they can benefit from convenient mobile banking apps. The decision will naturally be based on how well the mobile app meets their needs. More than 69% of banked households use mobile banking services as their primary method to access bank accounts. This means that mobile …
Mastering Fintech: Key Steps to Build a Successful CompanyFrom 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 …
Merchant Acquiring: Understand E-Commerce Payment ProcessingUndoubtedly, 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 …
Embedded Finance Vs. Traditional Distribution of Financial ServicesWhether you’re a fintech or a non-fintech business owner, you cannot overlook the rapid integration of banking services into platforms, services, and products from other industries. It’s commonly known as embedded finance. The size of the embedded finance market in 2020 was estimated at 22.5 billion U.S. dollars and was forecast to reach over 230 billion U.S. dollars by 2025. It can be stated that …
How to Build a Digital Bank or Neobank in 2023: Step-By-StepBrick-and-mortar branches, paperwork, and long queues don’t bind the banking era. Can you imagine this isn’t a vision of the future? Today, traditional banks are no longer the only players in town. In the ever-evolving realm of finance, neobanks and digital banks are shaking things up. The neobanking sector has witnessed an astonishing wave of change in a world driven by digital …
Merchants in Fintech: Who Are They & How They Impact the FieldFintech merchants are pivotal in revolutionizing how businesses and consumers interact with money. They provide diverse services and products that facilitate seamless, secure, and efficient financial transactions. So, join me in this article as we explore their types, the products they offer, and the intricate process through which they enable digital payments. Types of Merchants in Fintech …
Best business models to choose for fintech startups in 2023The fintech industry in 2023 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 …
White Label Solutions vs. Custom DevelopmentDigitalization is a costly and lengthy process; this is true. Because of this, many business owners face a complicated choice between buying white-label solutions or investing in the tailored precision of custom development. In this article, I want to highlight the unique attributes, applications, and considerations that should guide your decision-making process. Why is it important to choose the …
Guide to Financial Data Aggregation and Open BankingThe world of fintech is dynamic and unstoppable; new ideas and products constantly emerge, catering to entrepreneurs, startups, and businesses seeking to enhance their offerings. If you’re here, you likely have an idea needing realization. Or maybe you aim to refine an existing product to perfection. I’m Vladyslav Slipchenko, and I am ready to share my expertise on data aggregators …
Monzo Changes British Digital Banking With New Investments FeatureMonzo, valued at $4.5 billion in a bold move within British digital banking, has presented a groundbreaking investment feature. This development is a significant milestone for Monzo and the broader financial technology sector. In this article, we go through the details of Monzo’s new offering, what it means for clients, and how it aims to reshape the landscape of digital banking. How Does …
Everything You Need To Know About Integrations With Open Banking ProvidersYou are about to build a fintech app, but you need to ensure it solves actual customer problems and stays competitive in the market. So what do you do? The answer is to explore open banking integration for your product or service. This will give you access to vast swathes of customer data for better personalization. In recent years, open banking regulations have made it possible and lucrative for …
How To Create A Digital Wallet in 2023?The global digital payments market is on an upward course, with a projected revenue of $14.79 trillion by 2027. Impressive, right? Also, an impressive two-thirds of adults across the globe are now embracing digital payments, with a striking 89% utilization rate in the United States. As clients and businesses increasingly embrace the convenience, security, and efficiency of digital payments, the …
Top 15 Fintech Events Worldwide in Q4 2023Events are the best way to build a strong network for your business and yourself as a business individual. 79% of people agree that networking plays a vital role in career and customer attraction, as about 40% of people are inclined to become customers of a particular company after meeting a business owner. But networking also has to be mindful. Good networking events always come with a great …
MVP vs Prototype: When to Choose WhichIt is crucial to understand the Minimum Viable Product (MVP) and Prototype and differentiate between them. These two terms often find their place in the early stages of a project, but they serve distinct purposes and cater to different needs. In this article, I will explore MVPs and Prototypes, explore their types, and discuss what projects benefit from each. What is an MVP? As the name suggests, …
Revolut's SegWit Wallet Integration: A Win for Bitcoin UsersBitcoin, the world’s leading cryptocurrency, has captured the hearts of millions, with its user base growing extremely fast during the last decade. As of the latest statistics, over 400 million people actively engage with Bitcoin worldwide as of 2023, showcasing the rising influence of decentralized digital currencies. On the other side of the spectrum stands Revolut, a trailblazer in …
Tap to Pay: What It Is and How It WorksDespite the contactless payment technology being around for quite some time since 1990-2000, the Tap to Pay feature recently released by Apple is new. It still acquires all the usual benefits of contactless payments that brought them their astounding popularity, with over 94% of smartphones in the world being NFC-enables. The most apparent benefit of contactless payments was its speed and ease of …
The Power of Minimum Viable Products: Steps to SuccessYou have probably heard about the minimum viable product and its benefits to startups. However, some people still claim that not every project needs it. Misconceptions shroud the MVP development process, prohibiting most people from seeing the gist of it; it is most likely that you have subconsciously thought of launching an MVP. Why? Because it’s hard to grasp the vital difference between an MVP, …
Electronic Money Institution vs. Payment InstitutionIn the exciting world of fintech, each decision shapes the future of companies desiring to succeed in a rapidly evolving landscape. When companies enter the fintech industry, they must decide between becoming an Electronic Money Institution (EMI) or operating as a Payment Institution (PI). Now, let’s go back to the late 2000s when vital decisions were accepted and changes happened. The …
The Ultimate Guide to Product Discovery in Software DevelopmentProduct discovery is an initial phase that precedes the project’s development stage. During product discovery, the product team delves into the market, identifies potential problems, and explores their solutions. Failing to undertake thorough discovery puts the team at risk of creating a product that can’t function properly, disappointing clients, wasting time and resources, and …
Blockchain and Distributed Ledger Technology in FintechOne of the most revolutionary advancements in recent years is the emergence of distributed ledger technology (DLT). This technology and blockchain are transforming financial transactions and opening up new possibilities across various sectors. In this article, I will explore the world of blockchain and DLT, and their benefits, highlighting some of the exciting use cases they offer in fintech. Why …
The Role of Business Analyst in Product LaunchHow can you craft a genuinely successful product in an industry evolving at lightning speed? With fintech on the rise, the financial services landscape has undergone a profound shift. By leveraging technology, fintech breathes new life into traditional financial services, triggering a rapid transformation. In this dynamic era, digital-first companies are boldly challenging the established norms of …
Software Outsource vs Product Development: How to select the right collaboration modelWhen it comes to creating an application, businesses have two main options: software outsourcing and product development. Software outsourcing is a popular choice for companies looking to reduce costs and access specialized expertise without building an in-house team. This option works well when the project has clear specifications and requires temporary resources to handle specific tasks. For …
How to Implement Robotic Process Automation (RPA) in Your Business: A Step-by-Step GuideRobotic Process Automation (RPA) uses software robots or artificial intelligence that mimics human interactions with digital systems, applications, and processes. With speed and accuracy, these virtual bots can perform repetitive tasks, such as data entry and extraction, report generation, and more. According to Automation Anywhere, 98% of IT leaders deem automation vital for their business …
How Robotic Process Automation (RPA) is Transforming the Fintech IndustryThe fintech industry is undergoing a remarkable transformation with the introduction of Robotic Process Automation (RPA). RPA involves using software robots or “bots” to automate repetitive and rule-based tasks, freeing human resources for more strategic and complex activities. This post will explore how RPA revolutionizes the fintech industry, driving operational efficiency, cost …
Payments via Social Channels: Exploring the Future of Digital TransactionsThe way we connect, communicate, and engage with others has been revolutionized by social media platforms. However, these platforms have gone beyond mere social interaction and expanded their functionality to include integrated payment solutions. This shift has brought a significant transformation in how we conduct online transactions, creating new opportunities and challenges for businesses and …
Outsourcing vs Team Augmentation: Choosing the Best Collaboration ModelIn today’s dynamic business landscape, “teamwork makes the dream work” has taken on new dimensions. Companies are no longer confined by their in-house talent pool; they can tap into a global network of expertise to drive their projects forward. The two primary ways to do this are outsourcing and team augmentation, each with unique advantages and considerations. But which one is …
What is Marqeta? Everything You Wanted to Know About Marqeta Inc.So many talks have been recently heard about Marqeta Inc and what it exactly does, and that’s already happening a decade after its appearance in the finance industry and the market. So, we’ve decided to develop a condensed version of the company’s origin, services, pricing, clients, values, and plans. All of this is gathered below for you to get this topic straight and have no questions anymore. …
Maximizing Cost Efficiency: A Guide to Selecting the Right Software Vendors for a Successful Product LaunchAs you grow your fintech business, you will face many challenges, some of which can be solved by vendor integrations. They can help you comply with regulatory requirements, ensure customers can exchange money or get a loan, issue cards, and perform other essential tasks. When you start, it takes much time to understand which vendors you will eventually need and which option to choose. Since my …
Innovation Mobile Payment Technologies: Opportunities and ChallengesMarket research forecasts that global mobile payments will grow to USD 75,412.89 million by 2027. Entailed by immense growth of the mobile user’s audience, mobile payments evolution highlights new ways of acquiring goods and services. Being profitable, comfortable, and easy-to-use mobile payment technologies innovate the fintech domain in many ways. In this article, I will get you through …
Exploring the Future of Finance: Key Insights from Money 20/20 Europe 2023Taking place in the vibrant city of Amsterdam, Money 20/20 has emerged as Europe’s premier event, bringing together an extensive network of financial institutions and fintech enterprises. As participants among the 9,000 attendees, the DashDevs team immersed itself in an enriching experience, delving into 70 hours of remarkable content delivered by distinguished thought leaders and conducting …
The Rise of Ukrainian Talent in Fintech: Driving Innovation and GrowthIn the ever-evolving landscape of financial technology, one group of professionals has been steadily making waves and leaving an indelible mark on the industry: Ukrainians. They have emerged as pivotal contributors to the global fintech revolution. They possess exceptional skills, unrivaled expertise, and unwavering determination. From London to New York and beyond, they have been instrumental in …
Top 5 Stripe Superior Competitors for BusinessesNavigating the vast landscape of payment processors can be a daunting task. There are a myriad of options available. As you embark on the quest for the ideal payment processing solution for online transactions, it’s inevitable that you’ll encounter Stripe. This developer-friendly online payments platform has garnered significant attention. It has established itself as a prominent …
Simplifying Finance with Unsupervised Machine Learning in Capital MarketsWhen you hear about machine learning, your thoughts may drift to captivating examples such as autonomous vehicles navigating busy streets or virtual assistants responding to our voice commands. However, the reality of machine learning today is far more practical and holds incredible potential to enrich various aspects of our lives, including managing personal finances and optimizing everyday …
Fintech partnerships: strategies for successful collaboration between startups and incumbentsSo, this time I’m talking about fintech partnerships, a topic we know like the back of our hands. After over 500 projects completed and 50+ vendors partnered with other fintech startups, we have a knack for establishing fruitful communication. However, this particular article concerns a more exciting end of this stick. Brace up! I will unveil the personal benefits and opportunities before …
Identify and Solve Pain Points in Fintech through TechnologyThe financial technology industry has revolutionized how we manage our finances, making transactions seamless and investments more convenient than ever. Yet, pain points often emerge amidst this digital transformation, hindering the seamless experience. Identifying and solving these pain points is crucial for businesses to ensure that fintech remains at the forefront of customer satisfaction. My …
The Art of Choosing the Right Outsourcing PartnerOver the past 15+ years as a fintech expert and CEO of DashDevs, I’ve learned a thing or two about outsourcing. Sure, it’s a smart move when you’re looking to bring in some top-notch talent, cut down on costs, or keep your team focused on what they do best. But in my book, outsourcing is more than just a business strategy—it’s an art. And the masterpiece? Finding that …
Customer Onboarding Best Practices in FintechI’ve spent the last six years diving headfirst into various industries, including fintech financial technology, personal finance, healthcare, and retail. I’ve been in the thick of it all — from leading the charge on developing and launching new products to revamping digital processes for existing businesses and plotting growth strategies for established products. And let me tell you, …
Fintech Compliance in MENA: Navigating Regulations and RequirementsAs a fintech expert and CEO of DashDevs, I understand that the Middle East and North Africa (MENA) region has experienced significant growth in the fintech sector and economic development. The fintech industry in this region is gaining momentum. An increasing number of startups and established firms offer innovative financial solutions. However, with innovation comes regulation. Fintech companies …
Downing: a Story of Success from an Investment Management PlatformThe Downing investment platform is one of the most exciting projects DashDevs completed. At the time, it was a real challenge, and once we launched it, we’ve seen how good the results came out. Projects of this kind always motivate, bringing collateral value to our work as we see how our customers succeed with the platform. So, this is a story of Downing from A to Z, how we started working …
How to Shape a Business Idea and Make It WorkCreating a successful business requires more than just a great idea – it requires shaping business ideas, seeking funding, and executing a solid plan. This article is designed to help you explore the concept of business ideas, how to shape them, and how to transform the idea into a workable concept for seeking funding. Whether you’re just starting out or have been working on your idea for a …
Fintech Nexus USA 2023 Conference: Insights and Takeaways for the Finance Digital WorldWelcome to the dynamic world of fintech, where innovation and adaptation are the keys to success. Today I want to share with you the latest news from the highly anticipated Fintech Nexus USA 2023 Conference, an event that brought together the brightest minds and industry leaders to explore the current state and future trajectory of fintech. As finance professionals, you have to pay attention to …
How to Create an Effective Go-to-Market Strategy for Your Tech ProductAs a product manager responsible for the launch of a product, service, or business, I recognize the vital role of a well-crafted go to market strategy. A solid plan is essential to avoid the pitfalls of a chaotic journey, akin to driving in the dark without headlights, where challenges and delays abound. Effective planning involves not only the product, story, or team behind it but also the …
Business Ideas Validation: 5 Best Experiments for Hypothesis CheckingWhen 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 …
Digital Transformation in Banks: What Processes are ImportantDigital transformation has had a significant impact on how banks function and interact with their customers. From my expert experience in the fintech industry, I have observed that this transformation is set to continue and become even more personalized in the future. Traditional banking systems are outdated and time-consuming, requiring significant manpower. This inefficiency highlights the need …
Social Media Payments: A Game-Changer for the Financial WorldSocial 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 …
Weathering the Storm: How the Climate Change Impacts on the Financial IndustryClimate 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 …
How to Make Informed Business Decisions with Sentiment Analysis in Financial ForecastingAs a business owner, you understand the importance of making informed decisions to drive growth and success. One way to gain valuable insights into public opinion and market sentiment is through sentiment analysis. By leveraging the power of artificial intelligence and natural language processing, sentiment analysis can help businesses predict market trends, better understand consumer behavior, …
Keep Them Coming Back: How User Experience Can Boost Your Fintech's Retention RatesEveryone would love to have higher user retention rates for digital products. Within one month of downloading a mobile app, retention rates are only about 40%, and by month three, they drop to around 30%. To keep high indicators, you need to create a product that offers real value with ease. This approach will help you retain loyal users and earn long-term subscriptions, renewals, and referrals. …
Top Trends of Ethics and Social Responsibility in Fintech: What You Need to KnowFintechs 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 …
How to Unlock the Future of Financial Services with Decentralized Identity (DID)Our lives become increasingly digital. We often need to verify our identities for various activities: buying a car, applying for a mortgage, or signing up for new services. However, the current methods of authenticating users and establishing trust online are inconvenient and burdensome for both users and businesses. These methods also compromise users’ privacy. The security and trust of …
How to Build Strong Partnerships for Growth and InnovationSo, 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, …
How to Create Customer-Centric Products: Best Practices and StrategiesWe’ve already talked about customer-centric approach and how you can leverage it to gain a sharper competitive edge and attract loyal customers. So, now in this article I will be shedding some light on how to ensure customer-centricity in software products. First, we’ll speak of customer centricity practices and how to ensure accessibility and inclusivity of your software for all customers. Then, …
Building Customer-Centric Products in Fintech: A Guide for SuccessAccording to the review conducted by SuperOffice, customer experience remains a top priority for businesses and it will stay this way for the next five years. The data provided by the same source also shows that almost 86% customers are ready to pay more for a more quality customer experience. Combining these factors, it’s easy to conclude that being customer-centric can potentially generate more …
How to Make Risks in Fintech Safe: Strategies for SuccessThe current operating environment is evolving quickly so the risks also appear a lot. In this blog post, I will discuss some significant risks and challenges that fintech companies need to manage effectively to achieve their strategic goals for the year. Fintech companies are rapidly introducing solutions that leverage big data analytics, artificial intelligence, and blockchain technologies. Race …
How to Leverage Natural Language Processing in Fintech: Strategies for Business OwnersIn today’s fast-paced fintech industry, business owners need to constantly innovate and adapt to stay ahead of the competition. One technology that has gained significant traction in recent years is Natural Language Processing (NLP). As a seasoned engineering expert with over a decade of experience in the fintech space, I’ve had the opportunity to work with NLP in various projects, …
Boost Your Fintech Integration Game: The Power of Bi-Directional ApproachFor fintech solutions, data management and synchronization are as crucial as security or seamless processes. This article in particular is about the latter. I will unravel the complex and niche matter of bi-directional approach and how it can change fintech. After reading this blog post you’ll learn what bi-direcational integration is. Discover how it can help you smooth out business processes and …
How to Increase Your Revenue Using Blockchain Technology in 2023Blockchain is closely associated with cryptocurrencies and yield farming. It gives the technology a somewhat bad impression among users and even businesspeople. However, blockchain technology is much more than just crypto. It can be used in various industries adding more value to cybersecurity, workflow stability and productivity, and cost-effective operations. First, the blockchain’s market …
Catching Up With Financial Regulation: Regtech Solutions for BanksOver the past several years, banks and financial institutions (FIs) all over the world have either partnered with or launched their own fintech companies to be applied to various business areas. Such an approach has already improved the lives of millions by promoting financial inclusion and integrating digital services into the everyday routine. Meanwhile, most solutions used to focus on …
Nine CFOs and the Digital ImperativesEven 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 …
Dozens: from an Idea to the Digital Financial Institution in 9 MonthsHave you ever thought about launching a successful digital product? Dreaming of a brilliant idea that would change the world, attract followers, and enhance global consciousness. We are constantly reading all those stories of success, newly established unicorns, and “from-zero-to-hero” cases. From the stories mentioned, the process of digital product creation seems to be quite easy for everyone. …
How Autonomous Finance Can Drive Business Success In 2023Fintech leaders like autonomous finance solutions more and more because they can improve business processes, operations, and workflows by automating them with software that learns on its own. The global autonomous finance market was already worth US$14.57 billion in 2021, and experts expect it to grow at a 16.8 percent compound annual growth rate (CAGR) by 2030. But what is autonomy, actually? The …
Digital Transformation Technology Trends in 2023Nobody 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 …
5 Challenges of Digital Transformation in BankingAfter more than a decade, digital transformation in banking remains one of the industry’s most difficult tasks. Despite the best efforts of the banking industry, digital adoption has been slow because of operational and cultural barriers, difficulties in operation and potential hazards, and difficulties in modernizing an aging IT system to incorporate cutting-edge digital advances. Digital …
Promising US Fintech Companies in 2023As we get closer to 2023, it’s critical to keep an eye on the US fintech companies that are shaking up the market. These businesses are transforming how individuals engage with money and show no signs of weakness. In the previous decade, fintech has become the world’s fastest-growing sector. Money transfers between businesses all over the world had never been so simple until Fintech. …
How to Build a Crowdfunding Platform?Crowdfunding has been a hot topic for quite some time, and for good reason: it has helped tens of thousands of startups, inventors, and ordinary people raise millions of dollars for their projects. Crowdfunding, on the other hand, is rapidly evolving. There is an increase in the number of new platforms as it attempts to meet the needs of increasingly specialized user communities. What do you have …
Best Outsourcing Companies for Mobile Application DevelopmentYou’ve finally decided to engage an application development outsourcing company. The IT outsourcing sector is a motley crew of the best and worst. Finding a trustworthy app developer requires more than a casual internet search. It’s a time-consuming procedure that demands considerable thought. You may increase the chances of your app’s future success by following a thorough …
How to Create a Trading Platform?Many people who are seeking a way of generating money are interested in creating a trading platform. Traders all around the world turn to software companies to build a trading platform that can efficiently and quickly examine data on currency pairings. The impact of banks on today’s youth is dwindling with each passing year. Nowadays, it is unusual to find a Millennial or a Gen Z standing in …
Data Security in Fintech ApplicationsFinancial transactions are often the target of hackers who want to make money quickly. Because of this, traditional banks have to follow strict rules about fintech cyber security. But fintech companies don’t have the same level of oversight as banks, so they often cut corners when it comes to security, even when they aren’t required to. With the help of data, fintech may improve a …
The Growth Of Banking Software Development: Building Banking Software Of The Future TodayUp until more recently, traditional banks and reputable financial institutions were the only way for individuals to gain access to any type of financial service, whether payments, transfers, or loans. Monopoly and a lack of relentless competition almost completely excluded terms like “value-added” or “custom banking software development services” from the typical banking practice. Fintech firms …
How Big Data Helps FintechFintech data science is used in retail banking, teaching people about money, online trading, peer-to-peer lending, and other areas. These markets handle a lot of user data in order to give better services and get more profit. Therefore, Big Data is a very hot topic in the world of finance. What Big Data Means It’s not a new idea of different uses of Big Data in fintech to better serve …
How Fintech is Changing Community Banking?More and more financial institutions want to improve their customers’ banking experiences by making services and products that are new, easy to use, and built for the digital age. Even though new products and services are always welcome, especially by customers, the rise of new platforms could be dangerous for regional banks that don’t have the resources to compete. Community banks …
Best Mobile Banking App in 2022Apps for mobile banking have progressed a lot. Digital check deposit was formerly thought to be cutting-edge technology. Consumers of each best banking app in 2022 have learned to anticipate this type of capability, as well as quick transfers of money, bill pay, ATM locators, and other features. Some applications now allow you to track accounts from various banks. What factors are most essential …
How Much Does It Cost to Build a Fintech App?How much is the cost to build a fintech app? It’s a profound inquiry, but one for which there is no cookie-cutter response. Time and developers’ wages are the two most important variables. The time involved is proportional to the platform, the features’ complexity, and the server architecture needs. Budget for the development heavily depends on the previous experience and how much your …
Product Development Trends in 2022 | DashdevsThe complete digitization of daily life is altering our vision of the world. People nowadays can’t imagine their lives without cellphones and other electronic devices. They assist us with everything, including shopping, business, sports, communication, navigation, logistics, and entertainment. The growth of technology is changing the process of digital asset development too, so today we are …
Best Mobile Banking App FeaturesTo compete in today’s rapidly changing fintech environment, banking institutions must adapt quickly by combining long-established capabilities with newer, digitally enabled features that customers now consider essential. First, the rise of mobile banking is an obvious reaction to modern generations’ altered UX needs, or, in other words, a means of survival for a business in the age of …
How to Hire a Mobile App Developer?According to Statista, gross consumer mobile app expenditure reached 170 billion USD in 2021, up from 143 billion USD in 2020. The COVID-19 epidemic had a significant influence on consumer app store purchases since it forced individuals to spend more time at home and move to digital channels for many ordinary activities. Unquestionably, the mobile app sector is one of the most rapidly developing …
How to Build a Digital Bank?What makes neobanks different from regular banks? What issues can you run into when you try to build a digital bank in the US? What are some of the best ways to make a good item? Let’s dive into the topic and discover those issues. What Is a Neobank or Digital Bank? Before you create a digital bank, let’s define what it means so you know what you’re looking for when you start designing your …
Fintech Regulation: Guide to Financial Regulation for Fintech Entrepreneurs in the USThe fintech regulation in the US is extremely complex. While the United States does not currently have a “fintech-specific” regulatory framework in place, the activities of fintech businesses will very certainly come within the jurisdiction of many regulators, requiring registration with and compliance with at least one of those agencies. The situation is made more difficult by the …
How to Track Your Return on Investment: Key Analytics Tools to TrySimply put, ROI, or return on investment, is the foothold in your predictive analysis of the investment consequences. This metric, or to be exact, the percentage rate, allows evaluating the efficiency of the intended investment in different business realms and assets. That’s why it possesses the universal character of usage and is easily understood by different specialists coming from …
One More DashDevs Digest to Hype Up Your Interest!Are you dying to find out the freshest fintech news of the passing July? Would you like to become a pro in fintech and second-guess the banking changes before they actually happen? No need for having a gift of clairvoyance! Just stay with us, and we’ll teach you all the magic! Breaking Crypto News of the Week: 07.26 - 07.30 Eesti Pank Has Found the Solution for Blockchain Issues! The …
Make an Education Pause with the New DashDevs DigestThis week — 07.19 - 07.23 — was intense and chaotic in terms of data violation attacks and their implications for the whole world. And all this only proves that practice is the mother of tuition — your vast fintech and banking intelligence is the key to defense! Don’t allow the perpetrators to fool you and come in the guns blazing! Fresh Cyber Crimes or Read to Know Your Enemy Hungary and …
Don't Restrain Your Compulsion to Read the Fresh DashDevs DigestWhat are you up to right now? Can it wait for a while? Put your things away for a moment and get into the fresh fintech news to enliven your Friday evening! We’ll feed you only with the best material, so get ready to chew and swallow the special! A Little Glimpse of the Global Fintech Trends Cryptocurrency Becomes the New Money Laundering Scheme in the UK In the world of digitalized …
Here Goes Another Groundbreaking DashDevs Digest!The Devil is in the details, isn’t he? Go straight to the fintech details of this week with the help of the DashDevs team and enjoy your Friday evening to the full! New banking merges, countries’ and companies’ remarkable liftovers, and more than that are waiting for you below. Weekly Heads Up on Finance: 07.05 - 07.09 The Swiss Are Still Paying by Cash: Can You Believe It? …
Anything New in Fintech? — Stay in Tune with the DashDevs Digest!This week, 06.28 - 07.02, isn’t primarily about June’s ending but more about tech- and finance-related milestones. Are you a lover of different professional conferences and festivals? Then this news digest will be your cup of tea! Without any more digression, let’s dive into the fintech events of this week with gusto! Weekly Tech & BaaS News VivaTech 2021: What’s It All …
It’s Already the 10th DashDevs Digest: Wanna Read?Yeah, we have a happy occasion today while collecting the latest fintech news of the week 06.14 - 06.18. And we’re even more excited about taking a part in your financial literacy and versatile outlook formation by showing you the banking world of 2021 as it is. Will you share our joy with us? Just read the hot news selection below and enjoy your time! Shocking Fintech News in the Video Format — …
Be Our Loyal Guest to the DashDevs Digest: 05.17 - 05.21Have 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 …
Breathtaking News in the DashDevs Digest to Read with CoffeeAs we’ve promised, this weekly digest will provide you with more variety in the news sources. Hope you’ll read every piece of them with gusto! Frankly, this overview has much to tell you about the new startups’ takeoffs and fintech companies’ smart decisions, so get comfy, and let’s go! The Hottest Discoveries of the Week Apple Made a Spurt in Attracting Women to Its Card Product Despite the …
Dive into the New DashDevs Digest: 04.26 - 04.30Are you still running your fintech business like it was done in the olden days or do you get with the times? Check your reality awareness with DashDevs Digest! Even if your plunge into this domain requires time, no worries! That’s our task to make this process easier for you. Switch your curiosity on and get ready to learn with us! FYI Crypto Is Totally About Math! $2 Trillion Worth Is Already …
A New Digest to Shake the Ground Beneath: 04.19 - 04.23We’re glad to see your return to DashDevs Digest! Increased product/service value, satisfied users, retention, trust — are these things constantly in your mind? This week has brought new fintech-related insights to ponder about, and we’d like you to learn them quickly with our help. Ready? Let’s get it started! Investment & Top Prices of Fintech Companies Embedded Finance: Is It A Nightmare …
DashDevs Digest: Read on Global Banking News!The technology industry is evolving daily, and it’s crucial to stay abreast of the latest innovations, especially if business prosperity is your priority. No doubt, by learning the new empowering solutions and startups’ success & failure cases, you kind of challenge the way you run a business in the domain of your interest. Information is everything, isn’t it? Get keys to the hot news in …
Fintech Risk Management: Protect Your Company In a CrisisCOVID has reshaped the global economy, and fintech startups are not immune. The enormous global downturn has put pressure on businesses in every sector, and many are struggling to survive. But the pandemic is not the only crisis fintech has faced or will face. Some of those crises are external, as with COVID, but many are caused by internal factors. Risk assessment and risk management are key for …
The Rise of PPaaS: Preparing for the Next Wave of Fintech DisruptionThe 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, TrendsInsurance 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 …
All You Need to Know About California Consumer Privacy Act 2020Before the 1st of January 2020, many world-wide businesses had started to update their digital assets to become compliant with a California Consumer Privacy Act that recently has taken effect and amended the California Civil Code. Application users are snowed under email and mobile app notifications with Privacy Policy updates. For the last few years, all countries have started to pay additional …
The True Cost of Change in Software Development: a Guide for Management TeamsHave 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 …
Dozens App Results: Top 10 UK Banking Apps Application for July 2019We 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, …
Dozens App Is Named a Gamechanger by Startups 100 IndexDozens — a digital branchless financial institution, the technical partner of which is Dashdevs, entered the UK Startups 100 Index with the top 25th position. The Startups.co.uk entitled Dozens a game-changing product for its approach to making financial services affordable for most customers. Hip-hip and hurray! The fintech startup aims to help its customers with money management in the most …
What Digital Product Startups Are Recklessly MissingThe moment an idea sneaks in the startuppers’ head, it occupies every free space it can. One doesn’t want to evaluate it. One just wants to deliver it on. The entrepreneurs who are led by such a vision are great. They can find thousands of ways to release it. Sometimes it seems like they are out of this world. They don’t see any blockers, only a target. You might have experienced such inspiration …
Digital Banking Product Development: Challenging Beyond the Challengers“I have learned that success is to be measured not so much by the position that one has reached in life as by the obstacles which he has had to overcome while trying to succeed.” — Booker T. Washington Reading the personal success stories of well-known people is enjoyable, interesting, and so inspiring. However, there are two points that readers need to keep in mind while reading. The first one is …
2018: We’re making headway!The year 2018 is over. This period was a full plate of great projects and prospective products for our sci-tech crew. Some projects were a challenge for us but the results we’ve got are colossal. Dashdevs has developed and released a digital bank, several messengers, loyalty programs, e-commerce, retail and news applications. When you working hard it is difficult to get a sense of your true-life …
