AI credit scoring is rapidly replacing traditional underwriting, delivering 15–25% better accuracy, real-time risk insights, and faster loan decisions. As legacy systems struggle with rising data complexity, regulatory demands, and new borrower behavior, AI has become a business-critical upgrade for lenders aiming to grow safely and competitively.

This article gives banking executives a clear …

For decades, global payments relied on the same rusty rails—SWIFT transfers moving across borders. Each transaction passed through a maze of intermediaries: acquiring banks, issuing banks, local banks, correspondent banks, FX providers, and card networks. Every handoff added more fees, more delays, and more opacity.

The first wave of fintech challengers aimed to rein in the ‘greedy middlemen.’ …

In software development—especially in the high-stakes world of fintech—misaligned expectations can be catastrophic. Budgets balloon. Deadlines slip. Teams argue over who owns what. And more often than not, the root cause is a weak or missing Statement of Work (SOW).

At DashDevs, we’ve delivered 100+ fintech solutions across highly regulated markets like KSA, the EU, and the UAE. From launching …

Brick-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. They’re the go-to alternative to traditional banks. It’s easy to notice that businesses …

Regulatory obstacles can be significant growth accelerators for fintechs, but they frequently feel like roadblocks. In addition to avoiding penalties, fintech companies that grasp compliance early can grow more quickly, acquire banking alliances, and improve their reputation for security and trust.

The important rules influencing fintech in the US, EU, UK, and MENA are broken down in this article. …

It’s the same question every year: Is PHP still a good choice, or is it becoming less attractive? Many CTOs and product owners are reassessing their technology stacks in light of contemporary frameworks and alternative programming languages.

Being a PHP team lead helps me to see these issues. Selecting the appropriate technology affects operational costs, security, and long-term scalability …

Choosing a proper tech stack for a project is one of the first critical points at the very start. Facebook’s React Native and Google’s Flutter have gathered widespread attention as development frameworks for their capabilities and features. But which is superior?

As mobile platforms evolve, mobile software products become increasingly complex. That’s why, in mobile app development, solutions that combine scalability, flexibility, and maintainability are often prioritized. In this regard, the modular software architecture approach deserves close consideration. 

In this article, I’ll explore modular architecture, highlight its benefits and drawbacks, and …

How to Conduct an Effective API Regression Testing with Minimum Resources Spent

Regression testing is crucial for high-quality end results, yet it requires a large number of resources. For many business owners, this might be daunting.

Currently, more than 60% of all internet traffic comes from mobile devices. This is clear proof that cross platform mobile development is now a priority.

So there are two paths to tread. You can go for native app development, diving deep into the specifics of a single operating system and developing the product separately for Android and iOS. The other is cross platform development, aimed at …

The matter of positive ROI is something that’s discussed extensively before and after any development project launch. Why, at this stage, potential revenue is a matter of long-term strategic planning, costs to build an app can be calculated more precisely. So, what can the price of creating your app possibly be? 

In this blog post, I’ll share how much does it cost to make an app, based on its …

In the digital market, companies need efficient and secure payment solutions to stay competitive. When advising clients, I often see them struggle with building complex payment infrastructure. That’s where Payment as a Service (PaaS) comes in. By adopting PaaS, businesses can access advanced payment services without the hefty investment in in-house systems.

In this article, I’ll explain …

In the age of mobile-first development, the question of how to submit an app to the App Store has become increasingly important. The App Store’s strict standards and mark of quality for applications submitted there push business owners to learn more about this process.

More so, the App Store recently outmatched the Google Play Store in revenue. Thus, in Q2 of 2024, gross profits generated by …

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 …

Digital transformation in banking is one of the industry’s most difficult challenges. Operational barriers prevent the accelerated adoption of the technology, bringing with it the risks associated with modernizing an aging IT system. Despite the complications, however, the opportunity to upscale the digital system and fit into the changing customer requirements remains attractive for many business …

Fintech integration vendors essentially enable business owners and entrepreneurs to integrate their software with third-party solutions without spending much time and money on creating them from scratch. Thus, with fintech integration vendors, there would be no need to create a payment system or card issuing from the ground up, instead connecting with Stripe or Marqeta.

Due to the rise of open …

Multi-tenant architecture is something undoubtedly powerful that can hold the future in its grip. Every time I have to think of a new application that has complex architecture and needs a quick and scalable architecture, multi-tenancy is the first solution that comes to my mind. I’ve worked with fintechs, telecoms, and other projects that can benefit from such an option, and I feel obliged to …

If you have a stable connection to high-speed mobile Internet, this page loads on your mobile device in 1 second. Are you or your own website visitors willing to wait longer to access content? However, our team did not test the visitors’ patience, and by using a mobile first design, we ensured fast loading and comfortable viewing of this web page. Also, we constantly monitor website …

A Discovery Phase: How To Run It Wisely For Your Software Product?

One of the most crucial components of software development is the project discovery phase. This element of the process noticeably enhances your chances of risk mitigation and enables businesses to avoid scope creep. Altogether, the project discovery phase is a sure way to avoid overstepping your budget or deadlines.

Statistics show …

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 …

I’ve been working with software development for over 20 years now and often talk with customers about software development methodologies. It’s a common misconception that one could launch a product without software methodologies at all. While I believe this might be true, it only works for certain projects, and there are risks connected to it.

Although embedded software’s biggest contribution remains unseen, as it is most likely invisible to regular users’ eyes, it enhances automation, customer experience, and safety. The way this type of software links to hardware, to create wired and high-functioning systems is truly revolutionary for the modern tech world. And data proves it!

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.

In a cloud-based environment, you typically have to scale your data requirements up or down depending on your company’s demands. This flexible approach is one of the best ways to manage changes in workload on your website.

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. 

Many companies have successfully implemented DevOps practices in their software development cycle. DashDevs is no exception. Thanks to DevOps, we conduct an efficient development process and ensure the software works smoothly in production.

What lacks the majority of software product providers is speed. Fintech companies can’t afford to have compromised operational scalability and consumer reach. That’s why it’s possible to observe the growing demand for wealth management platforms used to automate fintech tasks and help handle finances.

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 …

When it comes to creating an application, businesses have two main options: software product outsourcing or product development services.

These models serve different purposes and are used on different types of projects.

Below, I provide detailed information about what product development outsourcing and software product development are and how they differ.

I also give clear recommendations on …

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, …

Are you constantly on the lookout for new tools to improve business operations? Robotic Process Automation (RPA) could be the technology you’ve been missing out on.

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 …

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. …

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 …

Wondering how to build a digital bank but feeling stressed about funding shortages and unsure where to start? Don’t worry! 

We live in the 21st century, where new solutions for your challenges always pop up, especially in fintech. You can choose custom development or build bank with a white label financial services. There is no need to fret about the approach — I’ll put all the details …

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 …

Constant scaling is how a fintech startup manages to keep up with the tempo in the industry. Going global is probably the most challenging part of the scaling strategy and must be approached wisely. But answer yourself: are you willing to put an effort and investment into scaling to potentially multiply your revenue? If so, this article can your your starting point.

South America, Asia, and Europe …

Digitalization is a costly and lengthy process; this is true. Because of this, many business owners face a complicated choice between buying software private label or 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 …

As the VP of Engineering at DashDevs, I’ve been in the tech trenches for over a decade, getting my hands dirty with everything from fintech products in the UK, US, and MENA region to integrating a whopping 250+ payment methods. I’ve had the privilege of collaborating with financial institutions all over the globe, and let me tell you, it’s been quite a ride!

But no matter what …

It 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 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 …

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 …

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 …

Generation 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 …

Have 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 …

You 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 …

How 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 …

The technological tsunami carries us faster and faster to the “new reality” of best chat app features: AI-powered technologies, machine learning, neural networks, self-driving cars, uncrewed aerial vehicles, blockchain—this list increases at a breathtaking speed. Get ready to build a messaging app because tomorrow is now.

Last few years have revolutionized the way people interact, prompting us to …

We are thrilled to present the outcomes of our collaboration with the client in creating the iOL Pay platform, an advanced automated payment acceptance solution for the hospitality industry, catering to businesses across multiple countries. This project truly showcases our team’s proficiency in delivering customized and robust payment solutions that perfectly cater to our clients’ …

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 …

There is a tremendous shift in the way people connect and engage with their fitness routine. That’s why DashDevs, a leading fintech software development company, has assisted in developing and realizing the idea of FitGrid, a cutting-edge fitness app that seamlessly connects gym owners, instructors, and clients, revolutionizing the way they interact and achieve their fitness goals.

In this …

When 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 …

So, 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 …

The 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 …

Over 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 …

I’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, …

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 …

In 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, …

Decentralized finance (DeFi) is an innovative and growing sector within the financial industry. It leverages the power of blockchain technology and smart contracts. This makes financial services decentralized, transparent, and accessible to anyone.

Traditional financial systems continue to face challenges, such as lack of access and high fees. DeFi has emerged as a viable alternative. It offers …

The aim of UX designers is to simplify the usage of digital products as much as possible. They achieve this by creating personas, testing designs with users, analyzing use cases, and incorporating UX best practices. Yet, designers sometimes overlook the needs of all potential users.

As a new decade begins in the design world, there is a growing emphasis on inclusive design. Hence, UX specialists …

Micro-investing has been gaining popularity in recent years as a way to invest small amounts of money regularly. These platforms have the potential to revolutionize the investment landscape by providing affordable and accessible investment options to a wider audience.

In this article, I will cover the latest trends and developments in the industry. We’ll discuss the importance of user …

In this day and age, information technologies and current financial apps rule our lives as well as our finances. FinTech startups and scaleups are in great demand due to their rich background in investment management and financial advancements. The largest fintech companies and top scale ups focus on providing software services, and many of them are now considered roughly similar to banks, if not …

Businesses may need help to recover from the pandemic and adjust to new realities. However, significant growth is possible within the new normal. All you need is an understanding of how to create a business growth strategy and know how to make it work.

In 2022, we discovered a bunch of the best business growth strategies for small businesses and how meaningful they are for business capacity …

As a result of ongoing research and development, the scope and utility of existing technologies continue to grow and evolve rapidly. Technology industry leaders need a resource that allows them to gain insight into the advances in their field and consider potential future paths for innovation. And that’s where the technology roadmap comes in.

A technology roadmap is a comprehensive plan. It …

Software development is a complex business that requires the cooperation of several people, procedures, and resources. When one gear in this complex mechanism fails, the whole machine stops, slowing down the entire development process.

We’ll look at the most common problems that slow down product development and give you advice based on what we’ve learned about how to fix them.

What …

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 …

People all around the world rely on the internet from the time they get up until they go to sleep, and these are only a blip on the radar. There is a big innovation surge in the area, and frontend web development technologies are at the leading edge.

In 2022, we anticipate an exponential rise in fintech solutions. Given the significance of social distance and growing safety concerns, current and …

The 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 …

We are all active iPhone and Samsung users, and there are occasionally a lot of tough challenges with app functionality on both sides, Apple and Android. In this post, Dashdevs, a market leader in mobile app development, will discuss product development and design. When our team begins working on a new market or product, we install the apps of the leading market participants. This research assists …

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 …

Each and every business needs qualified specialists to maintain all processes successfully, grow, and satisfy clients’ demands. But not all of them have enough capacity to look for new experts and hire big teams. And this is the reason why outsourcing services have become so popular today. They aim to help you find your best dedicated software development team fast and with minimum resources …

To put it simply, responsive web design means a website that can change and adapt to different kinds of devices users have today — phones, laptops, tablets, or whatnot. Why has it become the topic of interest for modern businesses? Because billions of people access the internet every day now. And most of them do that all on their smartphones.

Let’s have a look at some statistics to …

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 …

How to log the complete call chains and see what your microservices really do?

To log, or not to log

To log! Nowadays we can’t even imagine a modern software system without logging subsystem implementation, because it’s the very basic tool of debugging and monitoring developers can’t be productive without. Once something gets broken or you just want to know what’s going on in the depths of your …

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 today’s software development world, microservices have become a de-facto industry standard, especially when it comes to the evolution of service-oriented approaches. And while they’re meant to be decoupled by means of architectural solutions, in most cases there still remains a layer of common code, libraries, and configuration shared between services, specific for each solution: …

A product owner is one of the essential roles for the product development team, especially when we speak about digital products. The software development process requires us to know the behavioural psychology, human interface guidelines (HIG), basics of user experience (UX) and user interface (UI), technical aspects of implementation, continuous integration (CI), and continuous delivery (CD) …

The digital loyalty program has become an essential part of the digital ecosystem of modern brands. A brand’s loyal audience regularly uses its application, interacts with its products, and even considers this brand a very close friend. In other words, they become ambassadors of the product and spread its mission around to others. The value of a brand grows in stride with the number of loyal …

A fortified digital ecosystem is one of the most valuable competitive advantages that a business can have. Information technologies are moving brands to the future with improved solutions, software, or engineering approaches that solve their customer needs in the most effective way. In this armaments drive, the most valuable and sometimes undervalued parameter for a business is time. There is a …

A year has passed since the release of Dozens app to the stores. Now, this fintech application has over 20k of real registered users who are the owners of beautiful yellow and grey debit cards. Dashdevs, as a technology partner, and I, as a digital product owner, have been working on this application from the very first day. My first task was to conduct marketing research, define competitors, and …

It is no surprise that fitness and sport are so popular. Physical activity is natural for people. People are looking for two things to feed their soul. These things are inspiration and connection. In a technological society, sport meets many personal intentions. For example, to look physically attractive, stay healthy, and fit, establish your mind and body connection. Fitness is not only about …

It is not another design article. It is just a confession about my pain. My personal belief is that everything in the design must be logical. No matter if you create the UI for the application or you are designing a chair. Designers need to understand that good design is not the one which hits the eye with colors, textures, or sizes. The best design is one that makes users’ life easier.

The 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 …

Despite widespread misconceptions, Neuro-Linguistic Programming (NLP) is not only about communication and manipulations. And definitely not about the picks-up and sexual seduction. Never mind the Internet which is full of such articles and interpretations of NLP.

NLP as a system was born in the 1970s. Richard Bandler and John Grinder wanted to know how people can become professionals in an unknown …

“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 …

My very first budgeting tool was MS Excel. It was a really convenient solution 13 years ago. I created my budget items and planned my expenses per month. Every evening I put some numbers in this document. These actions helped me to understand my expending performance. Using this information, I could improve it and save money for my big goals. Basically, with that spreadsheet, I started to …

“Wow! It is super cool!” — the most concise client’s feedback