Gamification in Financial Apps: Unlocking New Opportunities for Growth and EngagementGamification 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 …
Real-Time Payments Explained: Benefits For BusinessReal-Time Payments Explained: Benefits for Businesses Real-time payments and instant payments have come a long way from being an additional feature to a must-have opportunity that customers from around the world expect to have in the application they use. With clients’ patience cutting shorter, the average payment transaction time is also running shorter. Nowadays, for satisfactory service, banks, …
DevOps as a Service: Transforming Your Business InfrastructureSoftware projects often suffer from an inefficient product development cycle. The major bottlenecks occur during code changes, testing changes, and deployment. The lack of coordination among team members leads to missed project deadlines. This results in client dissatisfaction and a loss of trust in the development team. DevOps, or development and operations, allows you to set up a smooth software …
TOP Wealth Management Platforms 2024: Power Up Your Fintech AppWhat 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. In 2023, the worldwide market for wealth management software was worth about $4.59 …
Tandem BA and Designer at the Discovery Phase for a Better Project StartEvery software development project can be likened to a journey. The way this journey begins sets the tone for all subsequent events. Consider, for instance, going on vacation and finding your hotel room dirty and untidy. It is likely that your mood will be ruined, and the rest of the vacation will not bring the expected joy. However, if your expectations regarding accommodation, service, weather, …
Team Augmentation Strategies: Complete Guide for BusinessesThe market for IT outsourcing is experiencing rapid growth, with its global value reaching $525 billion in 2022 and projected to reach $1,149.24 billion by 2032. Alongside this growth, businesses are realizing the advantages of team augmentation as a useful strategy to handle their workforce needs and improve their project capabilities. Staff augmentation involves hiring skilled professionals to …
White Label Solutions Vs. Custom Development Services: What to ChooseDigitalization 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 …
ClearBank API Integration: Benefits for Business and Step-by-Step GuideImagine an architect who is ambitious to build an extraordinary skyscraper. This building is planned to provide exceptional experiences for its inhabitants, the first of its kind. The architect sees a clear picture of how to build cozy apartments, the fascinating cafes, and the garden on the roof, which will provide a unique value to people. But here is the thing. Building such a skyscraper …
Prototype vs MVP: What’s the Difference and What to ChooseIt 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 prototype vs MVP, discuss their types, and what projects benefit from each. What Is An MVP? As the name suggests, a Minimum …
UK Banks: Peculiarities of Opening Your Own BankThe UK, and London in particular, is a coveted financial hub in the world, which explains why so many fintech startups continue to appear in this very geo. This also refers to banks, lending institutions, credit unions, and other financial firms that have a way with numbers and technologies. As a result, at the beginning of 2023, the investment into the sector poured significant amounts of money …
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?” …
Everything You Need to Know to Build E-Commerce Business in 2024“E-commerce isn’t the cherry on the cake, it’s the new cake.” — Jean-Paul Ago, CEO of L’Oréal. The retail industry has witnessed transformations lately, which have been truly impressive. One of the reasons behind this transformation is the surge to shop online. It is projected that by 2023, 2.89 billion people will engage in purchases, accounting for more than 36% of …
What Is Computer Vision and How It Helps Businesses: iOS Use CaseDrawing from my firsthand experience in the tech world, I’ve always been intrigued by the vast potential of computer vision, especially its transformative power when infused with the Apple ecosystem — more precisely, iOS. Apple, a trailblazer in innovation, has consistently integrated advanced features into its products, and its venture into computer vision is no exception. With its …
How to Build a Digital Bank or Neobank in 2024: 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 …
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, …
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 …
Digitalization as a key point of revenue growthIn my 15 years of experience in the fintech industry, the impact of digitalization on businesses and their growth trajectory has been undeniable. This sweeping transformation, once a mere concept, has become a crucial driver of revenue growth across various sectors. The rise of digitalization has marked a shift in how businesses operate and connect with customers. By implementing digital …
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. …
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, …
How to Communicate with your Outsourcing Provider: Client’s GuideHave you ever wondered how to outsource effectively? Outsourcing your tasks and duties can save you significant time and money. More significantly, it will relieve your workers of the pressure of executing low-level duties, enabling them to concentrate more on their primary business responsibilities. So although outsourcing provides all of these advantages and many more, you will have to carefully …
How To Write Good Software Requirements Specification For Your Mobile Application Development ProjectWhen it comes to bespoke mobile app development services, you’ve definitely heard the term “software or mobile app requirements document” quite often. In case you’re looking for how to write a software requirement specification document for mobile application, this article is for you. For experienced technology companies like Dashdevs, this type of a technical design document for …
The Difference Between Outsourced Software Development and Outsourced ConsultingWhat is the most effective strategy for running a business? This question is asked by every business owner, and the answer may vary from time to time since business objectives change. When it comes to employing a technical team, we’ve already identified two options: hiring in-house or outstuffing. An IT department may be more cost-effectively run in-house rather than outsourced. Despite …
Guide to Managing Remote TeamsBusiness school does not give you a guide to managing remote teams. As a novel phenomenon in business, your professors or mentors are unlikely to have any experience with it. Many people are unclear how to collaborate when the topic of remote work is brought up. The whole process involves bringing together solo players and project teams from all around the world. In this topic, we’ll try to …
Best Remote Management Tools for TeamsIn 2022, most companies already have remote management tool and relevant infrastructure to either collaborate with scattered around the globe employees or have a plan B in case of emergency. Nevertheless, despite having a set of rules and the tools necessary for setting up a remote work environment, businesses may still face significant difficulties when switching the whole staff to a …
Software Development for Fintech: In-house or Outstaff?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 …
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 …
Product Development and Business Analysis ExplainedBusiness analysis is a weapon of change when it comes to the new product development (NPD) or bringing a solid transformation to the existing one. And though the sphere of BA implementation is wide, the fintech industry benefits from it even more considerably owing to its high dependence on the latest innovations and prior risks mitigation. DashDevs are truly the fintech experts who provide the …
Lessons Learned from COVID-Enforced Digital TransformationI recently had a talk with one of our prospects. That person was looking for a foolproof way to digitalize his business, which obviously isn’t big news given at least 70% of companies have a digital transformation strategy. It’s his answer to my question regarding the factors driving the shift that got me thinking. So, as I was going through my usual routine trying to figure out …
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 …
A Perfect Toolset To Boost Your Product Owner’s ProductivityA 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) …
Define Iron Triangle for Outsourcing CompaniesPartnership with IT outsourcing companies is an internationally recognized approach for efficient software product development. Experienced vendors are ready to cooperate with companies of all sizes from around the globe to help them extend the potential, all while reducing the costs of the tech departments. IT service providers can deliver solutions of varying complexity from straightforward …
Stop Wasting Your Designers TimeProduct design is the combination of the user experience (UX) and user interface (UI) empowered by product vision, marketing strategy, and customer behavioral analysis. Sometimes a product designer’s position is misapprehended, and the required skill set for the position is not always fully understood. First of all, product designers are engineers who need to analyze user problems, find the areas …
Open API & Development: How They Are Linked?The process of mobile and web application development becomes more fluent with every passing year. The most significant changes and the most exciting solutions were brought by big companies that opened their API for external public access. For example, if we want users to have the possibility to buy goods in our application, we don’t need to develop our own payment and card processing …
How to Estimate The Project Cost: Dashdevs' ApproachTo be commercially viable in the current climate, in any industry, companies are getting through the unprecedented change triggered by such factors as the high-level economic power shift, the pace of innovation, generational change, and the arising of forward-thinking players that disrupt conservative sectors globally. Within the context of these changes, the long-established project management …
Designing Invite CodesHave you ever googled “Uber invite codes”? There will be thousands of results with suggestions on how to use this invite codes, how to receive extra bonuses, how to ride for free forever. There are even YouTube how-to videos about it. These invite codes help Uber to become popular. People are searching for these codes on forums, asking friends, trying to brute-force it. In other words, people are …
Product Mindset and Orientation Toward SuccessOutsourcing is a rather popular approach for the software industry. Companies start to use it because they want to solve some internal issues. They want to reduce the cost, increase the speed of producing, and use intellectual property. Every outsourcing company has its own approach to project management. Most of them have project managers or scrum masters on the board. These positions are …
