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 …
Guide to Embedded Software in BusinessAlthough 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! The global embedded software market reached USD 15.26 …
CHAPS Payment in the UK: Features and AlternativesFinTech 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 …
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. 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 …
A Digital Ledger: How To Transform Your Financial Product With It?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: Step-By-Step GuideEmbedded 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 an …
Pay by Bank and What You Can Gain from ItHow 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? Studies show that businesses that offer multiple payment options increase revenue by nearly 30 percent. In turn, companies that accept four or more payment options increase their revenues …
AI Opportunities in Banking and PaymentsToday’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 …
Modular Software Architecture in Mobile Development: Pros and ConsAs mobile platforms evolve, mobile software products become increasingly complex. Hence, in mobile app development, solutions that combine scalability, flexibility, and maintainability are constantly sought. In this regard, modular software architecture attracts growing attention and deserves close consideration. In this article, I’ll explore modular architecture, highlight its benefits and …
How Lending as a Service (LaaS) is Enhancing Your Fintech ProductLending 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 …
Cybersecurity Incident Response Plan: Preparing for the UnwantedThe world is in the era of an alarming rise in cyber risks. Government officials warn that losses from cybercrimes will grow more than 2.7 times from 2022 to 2027. International institutions call cyber incidents a threat to global financial stability. Are you aware that 83% of organizations that suffered from a data breach in 2022 experienced such incidents more than once? As it turns out, the …
Is PHP declining in 2024?The need to change the tech stack and the additional costs could be at the top of the managerial fears ranking, right? Well, while there is no such ranking, many are carefully examining the programming languages’ popularity ratings. Software product owners want to be sure that their website or app operates on a supported and updated programming language. My article will help you understand …
How To Scale Your Business Solution Using Cloud TechnologiesIn 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. Statistics show that 75% of tech leaders are building new features in the cloud. Moreover, 50% of IT organizations worldwide are cloud-native or cloud-enabled. Besides, about …
Is Biometric Authentication a Revolution in Fintech Security?Biometric authentication is on the rise in 2024, with many digital finance companies and service providers claiming it for their business. For example, according to The Coolest Gadgets, worldwide revenue from the sales of biometric authentication systems reached roughly $15.1 billion in 2023. In this article, I seek to explore what biometric authentication means for fintech businesses in the …
Flutter Vs React Native Development Comparison and Performance ChecksFacebook’s React Native and Google’s Flutter have gathered widespread attention for their capabilities and features. But what sets these technologies apart, and how do they compare in terms of efficiency and usability? Having a proper insight into React Native or Flutter is a must for a decision-maker int a dev project. Statistics show that Flutter is the top cross-platform mobile …
Remittance Payments in BusinessRemittance payments are an overlooked method of international money transfer for both individuals and businesses. Payments that fall within the concept of remittance transaction typically benefit from lower fees, which amount to 6.2% on average. $857 billion was the amount of remittance flow in 2023, and it’s expected to rise to $1.1 trillion by 2025. Remittance payments are also another business …
How To Avoid Vendor Lock-In TrapsVendor 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. In this post, we will delve into an explanation of vendor lock-in, the …
DORA Metrics: Transforming Your DevOps Team into High PerformersMany 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. DevOps eliminates such cases as “it works locally for me, and I don’t know why you cannot launch it in production.” This is because the …
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 20 Critical Product Development Process Steps Not To MissWhen it comes to software development outsourcing, many are willing to reduce costs, which oftentimes results in compromised product quality and costly fixes afterward. It’s essential to follow a new product creation lifecycle precisely to optimize the product development process and achieve a better cost-to-value ratio. The unfortunate statistics reveal that 90% of startups fail over time, with a …
Headless e-Commerce Architecture: What Is It And When Do You Need One?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. According to Statista, 63% of retail businesses plan to implement headless e-commerce architecture in the coming years, and 22% are …
When and Why to Use Node.jsNode.js has become a popular choice in the fintech industry because it alows handling real-time data processing, high scalability, and fast performance. According to the 2023 Stack Overflow Developer Survey, Node.js is used by 42.37% of professional developers. Besides, Node.js is involved in the development of as much as 85% of web applications, making it one of the most popular technologies. In …
Top Countries For Software Development Outsourcing In 2024Outsourcing development is a more investment-effective approach compared to traditional in-house development because it saves costs on hiring and maintaining an own in-house team. IT services outsourcing market, valued at $639.59 billion in 2022, is growing at a CAGR of 8.0%. This tendency is projected to continue over the next 6 years, which is explained by the fact that businesses worldwide find …
Software Outsource vs Product Development: How to select the right collaboration modelWhen 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 …
How to Build a Crowdfunding Platform?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 …
How to Create an Admin Panel With a React FrameworkModern-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 …
Smartwatch App Development Tutorial. Part 1Around 224.31 million people use smartwatches worldwide as of 2024 according to Statista, and this number continues to grow. Smartwatches’ popularity is easy to explain, as the range of functions they provide reaches far beyond displaying the time as their mechanical counterparts do. A smartwatch represents an all-in-one technological assistant, replacing a fitness tracker, wallet, and even a …
How To Create A Digital Wallet in 2024?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 …
5 Cloud computing trends 2024: Predictions and Growth DriversCloud 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. Statistics reveals that 42.5 % of EU enterprises bought cloud …
How Long Does It Take to Develop Fintech App?Back in 2023, the total revenue of the fintech industry was estimated at $79.38 billion, with the prospect of multiplying nearly twofold by 2028. As of 2024, there are more than 13,000 fintech startups in the US alone, nearly 11,000 in the EMEA region, and about 5,900 in the Asia Pacific region, and these numbers continue to grow because more entrepreneurs see a promising opportunity in developing …
App Scaling: How to Navigate the Challenges of GrowthAlmost 50% of potential users will leave your site or app if it takes longer than two seconds to load, and they are likely to not come back. When the user base grows, your servers might struggle to keep up with the increased demand and high traffic. Your business could suffer if the current IT resources cannot help the sudden growth from 10,000 users one day to 100,000. That’s when you need …
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, that is why quality assurance is becoming a key focus in the development budget, …
Robotic Process Automation For The Financial Services IndustryAre 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. A study shows that 98% of IT leaders believe automating business processes is necessary for getting industry advantages. And this is true because RPA for finance can reduce labor-intensive tasks by up to 80%. Finance RPA includes …
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 time zone convenience. According to SkillValue, Ukraine ranks 5 among the world’s top countries with the best programmers and an average score index of 93.17%. Besides, the Global Sourcing Association even named Ukraine the …
How Static Site Generators Can Transform Your BusinessMany companies lose over 40% of website visitors if their site takes more than 3 seconds to load. To address this issue and other potential concerns in website development, I’ll introduce you to a solution: static site generators (SSGs). Throughout this article, I’ll explore SSGs, their suitability for various needs and businesses, functionality, and the distinctions between static and …
Best Backend Technologies For Fintech Development ProjectThe fintech industry is booming, with more than $50 billion invested back in 2023. About 1,500 new fintech companies appear annually in the US only and many of them have some form of a software product as their main or complementary offering. Consequently, it’s crucial for senior executives and engineers to have a solid grasp of backend technologies essential for crafting software solutions. …
Tips to Choose the Right Software Development Agency for Your ProjectDeveloping 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 …
How to Build a Digital Bank?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 …
A Guide to Integrating ML into Fintech Business: Cases and ApplicationsInnovative 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. McKinsey’s report shows that about 55% of businesses …
How Google Pay Android Integration Can Boost Your BusinessIf 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 …
Beyond Traditional Methods: Using Machine Learning Against Financial FraudIn 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. Statistics reveal that business losses because of online payment fraud were estimated at $48 …
Leading Banking Software Development Vendors of 2024Nowadays, it’s nearly impossible to imagine life without finance, apps, and software.The software development market is projected to achieve a value of $1039 million by the year 2027, demonstrating a Compound Annual Growth Rate (CAGR) of $22.54% from 2020 to 2027. What’s even more intriguing is McKinsey’s research indicating that the fintech industry is anticipated to grow …
How to Use Serverless ArchitectureServerless 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. The serverless architecture market exceeded $6 billion in 2022 and is …
Choosing Your BaaS Provider: A Comprehensive ChecklistFor 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 …
How to Secure Your Mobile App: Best Practices for Developers and BusinessesAs 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 …
What Tap To Pay Integration Is And How It WorksThe 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 …
Compare KYC Providers to Protect Your Clients: Veriff, Onfido, or PlaidAre you searching for top KYC solution providers but drowning in a sea of choices? I get it. That’s why, at DashDevs, we’re about real solutions. With 13 years of hands-on experience and a track record of integrating 70+ KYC fintech providers for hundreds of successful projects, I can share with you the knowledge of how it works. KYC data providers are the backbone of fintech …
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 …
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 …
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 …
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 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 …
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 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 …
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 …
Staff Augmentation vs Outsourcing: 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 staff 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 …
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. …
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 …
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 2024: 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 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 …
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 …
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 …
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 …
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 …
