Introduction The way that you develop your fintech app should be adapted for launch in a regulated environment. Compliance should not be added as a new workstream halfway through the delivery process. Also, you should never wait until just before launching your app to make compliance-related decisions, as making compliance-related decisions late in the delivery […]
Introduction Recovering from a delayed launch is possible; however recovering from production problems, such as a payment issue (bug), a broken KYC flow, or an update failing in production, is much harder. Founders and product leaders alike are faced with this overwhelming task of how to ship software quickly and remain competitive while maintaining user […]
Introduction The timeline, or at least the perceived timeframe for developing a fintech app Development, is probably the first question that founding team members will ask when they think about developing a new fintech product – “What is the estimated length of time/effort?”, which doesn’t help much because there are so many variables that affect […]
Introduction When users first use an app, they may exhibit forgiveness for the app’s early stage; forgiveness can extend to missing features, basic dashboarding functions, and sluggish onboarding processes when a user’s understanding of why/detail around this exists. In contrast, users seldom show forgiveness when faced with uncertainty about how/where their money is being handled, […]
Introduction When discussing the development of fintech applications, teams often look to architecture as their sole basis of technical choice and do not consider other factors; however, in reality, these architectural decisions are all based on business decisions first. The architecture that is selected affects how quickly your application can launch, how easily you can […]
Introduction Developing a mobile application to conduct financial transactions is similar to creating an airplane while the plane is already scheduled to fly! With this being said, users are looking for a seamless experience when using a financial product, regulators want your processes/proofs to be documented, payment partners need to feel safe with your security […]
Introduction Fintech companies have a unique and exciting challenge of building a product that can be delivered quickly in an increasingly competitive market but making sure they comply with all the regulations needed. The power of MVP first, scale later (provided you do not leave out compliance, security or operational readiness on the roadmap) works […]
Introduction Choosing an appropriate Pricing Model for your Fintech App is one of the most Important Steps in ensuring your project’s success. If you’re planning on creating a Fintech App, Digital Wallet, Mobile Banking TE – Gateway, or other similar project and you’re currently in the pricing model selection phase, know that your Pricing Model […]
Introduction What constitutes an effective fintech software development company’s case studies? If you are exploring hiring a fintech software development provider, then you will no doubt see an abundance of “case studies” from fintech software development services providers claiming they have done the following solicitation based on some self-proclaimed hype: “We developed a mobile banking […]
Introduction You need to understand that hiring a fintech company is not the same way you would hire a typical 3rd party software or development vendor. When you hire a fintech software development company, you are not simply purchasing some code; you are purchasing a provider’s ability to help you manage risk. In many cases, […]
Introduction When it comes to fintech, security is not simply a box you tick; rather, it is the backbone of your company. Trust becomes your most critical commodity since your product deals with one of two things – money or identity. This is what makes Appricotsoft (a mature software development company in the fintech industry) […]
Introduction When you’re creating a fintech application, the decision of what technology stack to use should not just be made from a technical perspective; it can also be looked at as a strategic decision. The technology stack that you choose will have an overall effect on matters such as regulatory compliance, the performance of your […]