There is no denying that various professional industries are getting a new shape of business brought on by the recent trends in mobile technology. And the financial industry is not an exception to it!
Recent surveys reveal that finance app development has become the need of today! If we believe the recent stats, it is found that almost 43% of mobile users having a bank account are using mobile banking in some or another way. In early 2014, the numbers were 39%. Approximately 24% of mobile phone users are using different mobile payment methods at least once a year.
Of course, mobility enables the banking sector and financial institutions to streamline their process, but when it comes to financial mobile application development, maintaining information security measures and their data protection compliance becomes the utmost priority.
Today, most banks and financial sectors are launching mobile apps with the help of financial services software development. It enables you to operate or manage your financial details at a tap of your finger, no matter where you’re and what you’re doing. Aside from this, such financial application development brings tons of other benefits.
Let’s have a look at what makes finance app development the need for today’s business.
1. More power in your hands with ease of use…
Helps you change the way you manage your portfolio. You can manage your portfolio anytime and anywhere at the tap of your finger. Be it a bedroom, washroom, or drawing room, you can use your financial app with ease.
2. High-security measures bring more confidence
Finance app development leverages the Near-Field Communication technology in order to let you pay the money via your phone with the help of a tap or simply a wave! Such apps often use encryption or protected code in order to mitigate the risk of stealing personal data from hackers.
Moreover, all the finance apps never store your card number or your pin; instead, they forward some random digits from your device. So, even if someone gets through the details, they will simply find some garbage data, which is of no use.
3. Faster and always available!
As we said, all you have to do is just wave or tap and you’re done with the transaction! This is how finance app development brings faster solutions, which are always available. The process of a transaction is much faster than the conventional process of inserting the card, entering a number, and waiting for approval from the bank. Moreover, it is always available, at any time and any place, all you need is an internet connection!
4. Flexibility to use multiple cards on the go!
Think about the time when you’re having multiple cards for the payment and you’ve to carry all of them in a bag or wallet! Today, you don’t have to carry all your cards with you. All you’ve to do is pair the card with your mobile device itself and use different cards from different banks or brands anytime using the finance mobile app available on your mobile! So, it adds flexibility in a way of getting maximum benefit for your financial queries.
5. Appealing and interactive interfaces
Most of the financial app development services are aligned to give you the best user experience. They aim to bring engaging interfaces while adding ease of use for your financial needs and deeds. No financial apps are as complex as your conventional banking or transaction process. So, just feel it and leverage the interactive mobile UIs designed for you!
6. Plenty of options to choose from!
Based on your needs and deeds, you can leverage the best financial services software development to design the app for you. However, you can leverage different genres of financial apps, including accounts linked apps, monetization apps, accounting apps, and more. So you’re not restricted to using only a specific app. Instead, you can use a wide range of options available in the market to fulfill your financial needs.
There are plenty of fascinating examples available in the market where many businesses have leveraged financial software development services to boost up their ROI. Are you still waiting for the right time to get benefits from the professional financial application development? Don’t waste time and let the financial needs get fulfilled to get back into the competition!
Finance App Development – The Need Of Today’s Business
That’s exactly what we do
Manish Patel is a Co-Founder of Concetto Labs, a leading mobile app development company specialized in android and iOS app development. We provide a one-stop solution for all IT related services.