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, …
Gamification in Financial Apps: Unlocking New Opportunities for Growth and EngagementGamification is a part of ever so many digital growth strategies that now it is seen more like an ultimate way to enhance customer engagement. In this article, I will focus on the benefits gamification brings to financial institutions and other businesses in the niche, especially those that are undergoing the digital transformation. So, let’s find out how to implement entertaining elements into …
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 …
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 …
TOP Wealth Management Platforms 2022: Power Up Your Fintech AppWhat lacks the majority of software product providers is speed. Fintech companies can’t afford to have a lack of operational scalability and consumer reach, and this is a must. Moreover, the ever-rising customers’ expectations bar to the product tools also calls for the reconsideration of the business-human relationships. And that’s easier done if choosing the product lifecycle …
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 …
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 …
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 …
