How To Execute IT Modernization In Banking: Guide for BusinessesIn the tech side of banking, a big issue is that many old-school banks still use outdated computer systems from the ’70s and ’80s.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 …
Modular Architecture in Mobile Development: Pros and ConsModular architecture, as a software design technique when an application is structured as a collection of distinct, self-contained modules, has existed for more than 73 years already. Despite it being well-established, lots of apps are built using traditional, monolithic development patterns. It’s possible to observe that mobile software solutions become more complex as the capabilities of mobile …
Flutter Vs React Native Development Comparison and Performance ChecksFacebook’s React Native and Google’s Flutterhave garnered widespread attention for their capabilities and features, but what sets them apart? How do they compare in terms of efficiency and usability? Statistics show that Flutter is the top cross-platform mobile framework used by software developers, with the usage rate amounting to 46%. React Native comes second, with the rate equal to …
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 …
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?” …
Everything You Need to Know to Build E-Commerce Business in 2023“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 …
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 …
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 …
How Banks Lost Customers by Failing to Keep Up with the TimesThe digitization of banking services has transformed how customers manage their finances and interact with financial institutions, leading to a significant shift in the banking industry. The convenience, accessibility, and efficiency of digital interactions have raised customer expectations, pushing banks towards a new horizon. However, traditional banks need help safeguarding their clientele …
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 …
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 …
How to Use Serverless ArchitectureServerless architecture is becoming increasingly popular for fintech developers and CTOs looking to simplify their tech stack. The technology offers many benefits, including reduced server management complexity and lower costs due to its pay-as-you-go model. But how exactly do you implement serverless technology? In this article, I provide a comprehensive, step-by-step guide to using serverless …
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 …
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 Build a Micro-Investing PlatformInvesting has long been considered a powerful tool for building wealth, but for many people, the barriers to entry can be daunting. However, with the rise of micro-investing platforms, the world of investing is becoming more accessible than ever before. Micro-investing platforms are currently solving the problem of limited access to traditional investment opportunities for people with smaller …
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. …
Best Back-End Technologies For Fintech Development ProjectModern financial technology is reaching its peak. Don’t just take our word for it. Look at the stats — they reveal the whole story! $50 Billion is invested in fintechs annually Nearly two-thirds of all financial transactions are made online Every year, around 500 new fintech startups are established Banks can gain up to 30% operations profit by turning to fintech Nearly 2 Billion people are still …
5 Cloud computing trends 2023: Predictions and Growth DriversCloud computing is one of the most rapidly evolving trends in the information technology sector. Even though the cloud technology trends have been around for more than a decade, its popularity has skyrocketed in recent years. Given this growth trajectory, cloud computing industry trends will become the most discussed topic in 2023. The shift to the cloud is no longer a choice since its features …
What Is a Business Growth Strategy and How to Work It Right?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 …
Top Countries for Software Development Outsourcing in 2023If you’ve ever thought about creating your own application, you’ve undoubtedly also contemplated the idea of how to outsource programming services. Outsourcing software development might be an excellent way to cut costs while receiving superior results. However, there are several points you should know about outsourcing before you begin. To start, you must find out the best country to …
How Long Does It Take to Develop Fintech App?This article will be helpful if you want to understand the basics of creating a wonderful fintech app and choosing the best fintech app development company, as well as other insights about how to develop a software application. Many transactions are conducted online in today’s world. Online banking, webpages, applications for investing, loans, and other financial transactions are rapidly evolving. …
5 Tips on How to Speed Up Software DevelopmentSoftware 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 …
Software Development for Fintech in 2023: In-house vs OutstaffWhen you start a fintech development 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 fintech software development company to do all the tech jobs for you. In addition, the consulting model can give your company a wide range of creative abilities in the field of fintech. …
How to Avoid IT Outsourcing FailuresOutsourcing may be extremely beneficial when handled correctly and with a solid foundation in the planning process. It may help your organization enhance its vision, encourage organizational success, increase employee agility, improve risk management, and cut expenditures, among other things. The issue is that outsourcing is frequently done inappropriately. In this article, we’ll go over a …
5 Strategies For Fast, High-Quality Software DevelopmentOur enterprise clients often agree that the faster a software development process is completed, the better. Even though being quick to respond is important, asking for a shorter turnaround time can make the product less good. A technology leader must constantly maintain the highest level of quality and productivity. In this regard, we asked our business analysts, project managers, and QA engineers …
8 Ways To Reduce Software Development Costs Without Cutting HeadcountThe question of how to reduce software development costs has always been critical for new enterprises. One of the most effective methods to save expenses is to give a “minimum viable product” (MVP) rather than a “full” one. By making a minimally viable product (MVP), you can test your business idea quickly and spend as little as possible on software development. In this …
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 …
The Ultimate Guide to In-App Purchase in iOS Application Development: Part 1What does in app purchases mean? Mobile app development for businesses usually aims to create one more channel to serve clients and sell products and services, both physical and digital. To put it short, businesses earn money via mobile apps. Though monetization models may differ, when companies want to sell content within their apps, they will face the need to implement in-app purchases that …
10 Tips to Choose Tech Stack for Web App DevelopmentIf you work on web app development full-time, or if you devote all of your time to it, you’ve definitely come across the critical question, “How to choose the most appropriate technology stack for web app?” With so many options available, concept designers may find it challenging to choose a mix of application development technologies appropriate for their project in terms of …
Importance of Right Back Office SoftwareThe efficiency of your financial back office software is critical to the overall running of your organization. It also helps you keep order and may help you save a lot of money. Let’s dive into this topic and find out how to make an efficient back office. What is Back Office Software? Back office management system centralizes, automates, and improves operating processes related to …
Latest Trends in Data AnalysisYou’ll be amazed to know that we generate more data in two days than we have in decades. Yes, that is correct, and all of us are unaware that we generate that much material just by surfing the Web. If you don’t want to be caught off guard by future technology, pay close attention to these current data analysis trends and stay competitive! Adaptive and Smart AI Systems One general trend …
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 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 …
How to Quality Control a Product?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, and product quality assurance testing is the most effective way to do it. QA …
How to Hire a Software Architect?If you hire a software architect (SA, for short), it prevents costly project changes and problem fixes. In IT, not everything is black and white, and a software architect’s contribution to your project will depend on your team’s makeup and viewpoint. If your engineers are familiar with software architecture and design, a SA may not be needed for small projects. What is a Software Architect? …
Build-or-Buy Software DecisionAre you having difficulty deciding the benefit of build vs buy software decision for your business? Before making a decision, consider some critical variables. The conditions in which companies require software solutions differ based on the sector and the company’s characteristics. In most situations, such businesses consider ready-made solutions first because their installation is …
Mobile Design Rules: What Designers Need to Know when Creating Mobile AppsWe 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 …
Hiring Developers in Ukraine: How is It a Good Idea?For the last 5 years, Apple, Google, and Microsoft have all been hiring developers in Ukraine because of programmers’ high-level IT and English skills, similar cultures, and the time zone convenience. The Global Sourcing Association even named Ukraine the “delivery destination of the year” in 2021. Ukraine has the third-highest number of certified IT specialists in the world, and many …
How to Hire a Fintech Developer?Every niche has its own specifics, and sometimes it requires special types of employees. Because fintech is so specific, it’s important to find programmers who know what they’re doing. Keep reading our article if you want to know how to put together a good fintech team and what to keep in mind during the search. What is a Fintech Developer? Fintech is short for “financial …
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 …
Top 20 Critical Product Development Process Steps Not To MissDesigning, building, and testing the quality of mobile and web apps is just part of the process of creating digital assets. There are a variety of activities that must be done to create useful and high-performance software or digital ecosystems. When it comes to software development outsourcing, however, customers are often eager to save cash and eager to reduce costs wherever they can, …
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 …
How To Scale Your Business Solution Using Cloud TechnologiesIn a cloud-based environment, you may scale your data requirements up or down depending on your company’s demands. It is one of the best ways to manage resources in a flexible way and save money. One of the benefits of cloud technology to business is that it allows you to manage massive workloads by simply adding nodes. Your IT infrastructure does not need to be changed to achieve the goal. …
Responsive Web Design: What It Is And Why Your Business Needs ItTo 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 …
How Does a Digital Ledger Work in the Banking Sphere?A distributed ledger, shared ledger, distributed ledger technology, digital ledger, or virtual ledger — you may come across all these words as variations related to one umbrella term. So, what is a digital ledger? In simple terms, that’s a book of record that serves the perfect data storage and shares it among the different sites, network entities, and geographies. Still not absolutely clear …
How To Avoid Vendor Lock-In TrapsUnless you’re a vendor manager, product owner, or CEO, it’s entirely excusable not to be aware of what vendor lock-in is. To be honest, not all people holding office in one of the aforementioned roles are mindful of this omnipresent yet barely noticeable phenomenon. By definition, vendor lock-in indicates a state wherein a certain individual, organisation, or entity is limited to working with only …
Solutions To Key Fintech Development Challenges From A Proven VendorSo, we’ve been in the market of fintech development and fintech development outsourcing for more than 10 years. With more than 30 projects under our belt, we can say two things for sure. One, every single one of our projects was a truly unique experience. Be it the need to reduce the weight of 120+ gig verification networks to fit inside a mobile app, or inventing innovative user interface …
Quick and efficient distributed tracing in .NETHow 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 …
What Your Digital Payment Strategy Is Recklessly MissingThe digital payment landscape is developing fast. Your customers want to do the shopping where, how, and when they wish. They look to buy from merchants they trust and with a modicum of effort. They expect a seamless and quick checkout experience. In this context, digital wallets answer all the requirements, and their vigorous growth in popularity is yet another proof. Currently, around 2.3 …
Using Code Generation to Maintain the Microservices ArchitectureIn 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: …
Wear OS App Development Tutorial. p2Today individuals set high standards for their gadgets. First of all, they expect them to be quality, robust, and multi-functional. Secondly, they want to get a one-stop-shop solution to rely on for performing their everyday actions — a so-called smart assistant always at hand, easy in use, and still very advanced. Fortunately for tech-savvy users, there’s such a device, which can either be …
Microsoft Orleans a Leverage for Financial Software DevelopmentNowadays, market players within even the most regulated industries like banking are becoming more and more interconnected with each other. Card processing, account management, online investment platforms, budgeting apps, “traditional” and challenger banks — all these solutions are often closely tied. Open API initiatives like Open Banking push this process forward, forcing financial …
Best Smartwatch Features Development: Get Familiar!Mobile devices have become part of our everyday lives long ago; however, they have evolved greatly in the last decade to take on the majority of their owners’ responsibilities and simplify their life to the utmost. Around forty-one percent of US citizens have wearables, whereas global end-user spending on such gadgets is expected to reach 63 billion dollars by 2021, with smartwatches being one of …
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 …
The Growth of Banking Software as a Service and the Pi1 CaseUp until more recently, traditional banks and reputable financial institutions were the only way for individuals to gain access to any type of financial services, either payments, transfers, or loans. Monopoly and lack of relentless competition almost completely excluded the terms like ‘value-added’ or ‘customer-focused’ from the typical banking practice. Fintech firms and …
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 …
The Internet of Payments and Benefits of IoT in Financial ServicesFrom smart speakers, wearables, and refrigerators to self-driving cars, connected homes, and smart cities — internet connectivity continually pushes back the limits and wins new markets. It can be reasonably called the next stage of the digital revolution, and it is expected to transform our lives significantly. Gartner foresees that there will be over 25 billion Internet of Things solutions in …
The Ultimate Guide to In-App Purchase in iOS Application Development: Part 3This is the final article in our series dedicated to the implementation of in-app purchase (IAP) functionality in iOS applications. In our first part, we’ve talked about IAP types and standard lifecycle, along with business tasks and challenges we’ve faced while integrating this feature for our clients. The second part was dedicated to the technical aspects of in-app purchase function: …
The Ultimate Guide to In-App Purchase in iOS Application Development: Part 2According to Statista prediction, mobile apps will generate 188.9 billion U.S. dollars in revenues via app stores and in-app advertising in 2020. These numbers are incredible and they stress the fact that users build deeper trust with mobile applications day by day. On the other side, users want to receive more exclusive services and are willing to pay additional money for it. Since its …
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 …
Story of Comicflix App Creation to Convert Visual Content Into ComicsVisual information is more natural to perceive and quicker to absorb for most of us. It appeals to our emotions, reveals creativity, brings a stimulus and motivation to act. Moreover, it may be fun to deal with. Comics, cartoons, and stripes are the expressive way to share ideas via images complemented with some text. No surprise, many of us love comics. Comics always grab attention. Test yourself …
Unit Testing in.NET: Tools: A Step-by-Step InstructionThe necessity of unit testing in software development ceased to be the subject of discussion lately: the real-life practice has proved, that unit tests are essential for a stable product. But speaking about the necessity of writing unit tests, authors often forget to explain how to do this. At the same time, many developers don’t give pride of place to unit tests as a part of their job. The common …
Writing Testable CodeEvery developer knows that the testable code can make life easier. There are a lot of books and articles written about unit-testing. Particular attention is paid to Test-driven software development (TDD) as the best process for the development of hi-tech products. In my working routine, I face tons of problems with untestable code. It may happen even in those projects for which 100% test coverage …
