How to Create a Mobile Banking App: Key Steps

Technology development in the fintech field has greatly simplified the management of personal finances. Users no longer need to queue at the cashier to complete a bank transaction. It is enough to install a desktop or mobile application, and you can quickly pay bills, transfer funds to different recipients, or deposit money.  The vast majority of banks and non-bank financial institutions understand that they will not be able to keep up with the competition without digital solutions. Therefore, online banking ...

Stock Trading App Development: Our Advice

Today, investment and trading platforms are changing faster than ever and moving to a digital world. Stock buying and selling on mobile is no longer an insufficiently explored area, but the "new black" in trading.   Smartphone stock-trading apps allow investors to work from wherever they are. So-called DIY (do-it-yourself) investment is very popular with millennials, who, according to Investopedia, are active in the stock market. But other categories of individuals also pay attention to mobile platforms, so trading app development brings good income. Moreover, ...

Creating a Personal Finance App: Costs, Monetization Strategy, and Development Process

One of the easiest ways to run out of money is not to have a plan for spending. Despite the thousands of books and blogs that have been published about the topic, budgeting is always a personal task — just you and your money. But there is a way to simplify the management of your finances: using special mobile applications.  These apps help users to spend money more clearly, and they are an excellent way for startups to get their market share in the rapidly growing development sphere. It’s a promising ...

How to Build a Mobile Wallet App: CHI Software’s Advice

The latest reports show that every week more than 25 percent of people make purchases via mobile devices. Most transactions are done through the merchant's applications. For this reason, global mobile payment incomes crossed US$1 trillion in 2019.   Millennials who have grown up in the universe of gadgets are rapidly changing fintech. People worldwide are moving away from “physical” payments to digital tools, among which wallet applications (e-wallets) are of particular interest. They are useful for both sides of the deal — users and traders.  Let's consider how such systems work, their ...

Create a Money Transfer App in the World of P2P Transactions

Recent research studies show that in 2019, the number of smartphones surpassed five billion worldwide. The majority of owners use mobile devices to make direct peer-to-peer (P2P) payments. The popularity of such platforms is growing every day due to the simplicity, convenience, and high-speed operations processing.  In the United States alone, analysts predict that 52.5 percent of smartphones will have at least one monetary operation per month by 2022. People in other countries are also switching to P2P payments and need an appropriate mobile/web environment. Therefore, by offering such products, you occupy an interesting niche and have a chance to gain a substantial income prospect by helping customers with ...

Building an Investment Platform: Our Advice

In the face of digitalization and the pandemic’s impact on business workflows, the investment industry’s focus has shifted to online platforms. They allow wealth to grow, and customers understand it. In Australia alone, the investment platform market was US$680 billion in the first half of 2020, with positive growth of 8 percent in the quarter.   This trend is global and clear for fintech companies and startups. Today, competing platforms are actively being built by independent providers.   Therefore, it is worth trying to ...