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 …

In an era where digital transactions define the customer experience, businesses need to ensure that payments are processed seamlessly, securely, and efficiently. However, the payment ecosystem is complex, involving multiple providers, gateways, and methods. Managing these multiple components and keeping track of costs, success rates, and performance metrics can be challenging and time-consuming. …

Payment 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 …

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 …

The financial industry is no longer built on legacy systems—it’s powered by fintech APIs. From instant payments and digital banking to AI-driven lending and fraud prevention, seamless API integration is what separates innovators from outdated systems. Want to build a future-proof fintech product?

In this article, we explore the essential fintech API integrations, including:

• Identity & …

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 …

Scalability and efficiency are critical for any growing business, but outdated or badly structured software can slow development, increase costs, and create technical bottlenecks. As systems grow, accumulating technical debt makes it harder to introduce new features, optimize performance, and keep stability. Ignoring these issues leads to slower development cycles, higher maintenance costs, and a …

Fintech is a complex and profitable industry that demands quick decisions and modern technology. Often, many features utilized by finance startups require data analysis and pronounced data-driven workflow. Therefore, Python for finance, a programming language with a simple code structure and great data processing capabilities, becomes one of the most prominent choices here.

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.

Imagine an architect who is ambitious to build an extraordinary skyscraper. But here is the thing: Building such a skyscraper requires getting a full “skyscraper foundation license,” which is extremely time-consuming and expensive. With this fact, building these new experiences for people becomes impossible for this architect. But assume that there is a special solution for such architects — a …

Fintech software quickly became an integral part of everyday life for many consumers worldwide due to its convenience and accessibility. More startups are hitting the market each year, with several becoming world-famous Unicorns, making the niche attractive for business owners.

Vendor lock-in is a significant business risk that affects various industries. In IT, it often occurs when a company becomes overly reliant on a specific software provider, such as for cloud computing or CRM. This reliance can lead to escalating costs, diminished performance, and increased security vulnerabilities over time, as the infographic below reveals.

As the number of apps continues to proliferate, so do the opportunities to acquire sustainable revenue streams.

AI gradually shifts from an innovation to something most users are accustomed to in their everyday lives. However, some aspects and examples of AI customer service solutions can still help your business become a pioneer.

The banking industry is one of the most profitable sectors in the world, with financial institutions generating billions in revenue through interest rates, fees, and investment returns. But what if you could tap into that profitability yourself? Starting your own bank offers unparalleled opportunities for growth, control, and long-term financial success. By understanding how to start a bank from …

“E-commerce isn’t the cherry on the cake, it’s the new cake.” — Jean-Paul Ago, CEO of L’Oréal.

Financial technology is the hero contributing to this e-commerce boom. It ensures that online purchasing is not feasible but a seamless experience for users with the possibility to make purchases in just a few clicks.

Maintaining system security and resilience becomes even more crucial as technology propels the financial sector ahead. That’s where the recently approved Digital Operational Resilience Act (DORA) finds application. Starting in January, DORA imposes rigorous guidelines to guarantee that financial institutions all throughout the EU can resist digital disruptions and cyberattacks.

What does …

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 …

Development always starts with choosing the right approach, and in-house vs outsourcing development is one of the very first considerations here. 

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 …

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!

FinTech combines seemingly incongruous things. You are in the right place if you want to learn about fast and secure payments in the oldest existing currency. UK finance harmoniously combines the glorious history of the pound sterling, the solid traditions of British banks, and the latest technologies, and the CHAPS payment system is one confirmation of that.

Given that CHAPS payments account for …

Investing has long been considered a powerful tool for building wealth, but for many people, the barriers to entry can be daunting. Luckily, with the rise of microinvestment platforms, investing has become more accessible than ever before for individuals with limited time, knowledge, or funds.

In this guide, you’ll review the microinvesting app market in detail. Besides, you’ll delve into the …

As of 2024 and most likely beyond, having a centralized ledger as your primary database and reporting solution is hardly effective. The fintech market is heading towards decentralization and a blockchain-based model of collaboration and asset exchange. And other industries don’t fall behind significantly. So, let’s pay some attention to an alternative solution — a decentralized ledger technology …

Embedded finance is becoming increasingly important for the whole digital industry. Fintech elements can be found nowadays in nearly every application, from the gaming industry to e-learning. So, in this blog post, I will focus on the part of the process that interests every business owner: the implementation. 

Embedded finance, like any digital product or feature, is an investment. Still, it is …

How do payments work in your business? Your customers find what they prefer among your products and services. However, will they find a preferred payment method among your company’s supported methods?

Today’s banking and payments industry is being rapidly reshaped by artificial intelligence, as advanced algorithms and machine learning allow businesses to achieve better results. Financial institutions can enhance customer experiences and mitigate risks faster and more efficiently. The integration of AI is transforming how banks and payment processors function, promising to revolutionize the …

Lending as a Service (LaaS) and Enhancing Your Fintech Product

Lending as a service, more commonly known as LaaS, is one of those solutions that have all the cards dealt to bring up a digital revolution in finance. Previously, taking a loan was a notorious, rigorous process of endless queues and document verifications. Now, with digitalization, lending can take up from a few moments to a few …

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.

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.

Software 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 …

E-commerce businesses are always looking for opportunities to improve customer service through technology and innovation. Headless commerce provides them with such an opportunity by introducing a flexible architecture that can be adapted to different business needs.

Node.js has become a popular choice in the fintech industry because it alows handling real-time data processing, high scalability, and fast performance.

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 …

Crowdfunding has been a trend for quite some time, and it doesn’t come as a surprise. This fund-gathering model has helped tens of thousands of startups, small businesses, and independent inventors raise millions of dollars for their projects. Among other things, crowdfunding is a promising business model, which can be monetized, this way offering not only social impact but monetary benefits to …

Modern-day websites increase in their complexity day to day. To operate them effectively, companies need better instruments to manage content and user data. Admin panels are a core website software that grants such necessary capabilities, so putting them to use is beneficial.

In this article, you’ll discover what are admin panels and why it’s often preferred to use React frameworks to develop …

Cloud computing is one of the most rapidly evolving niches 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 2024.

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.

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 time zone convenience.

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 …

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 …

Innovative AI and ML technologies disrupt conventional fintech and raise additional challenges and opportunities for businesses in this niche. Business owners are now naturally curious about how they utilize machine learning in finance to their company’s benefit, and whether ML can offer a good return on every dollar invested in it. 

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 …

In the modern day, financial fraud is incredibly widespread. While customers are at risk of being scammed, businesses that fail to establish fraud detection and prevention systems risk their reputation and can be subject to penalties, and in some cases, C-level of companies can be criminally liable. 

Serverless architecture for apps is steadily transforming cloud-based software development. It has become popular for fintech developers and CTOs looking to simplify their tech stack. The technology offers rapid development and deployment of applications while saving resources and without compromising the end app quality.

For many, finding the perfect match between their business needs and a BaaS provider to cover them can be daunting. Not only does it require putting substantial effort into market research, but it also necessitates scoring providers and comparing information about them and their offerings against a list of criteria. 

In this post, we’ll delve into the Banking-as-a-Service model that enables the …

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 …

The era of contactless payments is here. The popularity of the Tap to Pay enabled by Near Field Communication (NFC) technology started growing rapidly in the year 2020. Now, not only customers’ phones can be used to conduct transactions, but also mobile devices can be turned into POS terminals. This allows for easy and contactless customer-to-business (C2B) payments. 

There are more than two …

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 …

In 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 …

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 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 …

The 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 …

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 …

Robotic 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 …

The 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 …

In 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 staff augmentation, each with unique advantages and considerations. But which one is …

For 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 …

Have 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. …

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 …

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 …

Outsourcing 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 …

Our 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 …

The 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 …

Nobody 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 …

If 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 …

The 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 …

You’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 …

Up 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 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 …

Are 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 …

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 …

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 …

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 …

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: …

Today 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 …

Up 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 …

Have 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 …

To 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 …

Visual 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 …