5 Features To Count On For A Financial App Developmentby Rob Stephen getaprogrammer
This article speaks about the principal features that should be provided in a finance app to make it feasible, safe and secure.
The finance industry has been going through major upswings over the past decades and the emergence of Fintech, a term made by combining Finance and technology is a prominent one. Earlier it was the backend data processing software helping financial institutions to save all data, to facilitate deposits and end-to-end transactions. However, now it is mobile app development that brings banking services at the fingertips of the people. There are many fintech app developers in Australia and in other corners of the world aiding insurance companies and banking institutions to create a digitised platform to serve their customer better and fast.
We are living in the era of digital evolution where mobile applications turned out to be a massive influencer. Predominantly, getting an app developed by partnering with one of the best mobile application development companies in Australia is the prime thing to do by the players in the finance industry. While the key responsibility lies in the hands of the app developers, following functional aspects must not be missed out while developing it.
#1 Accounts Linking
What’s the use of finance app if it cannot be directly connected to the user’s bank account? Built with the purpose to save the time of the users, the app must them let them have quick fund transfers between own accounts to an outsider’s accounts. This is feasible only when their personal account is linked with the app.
#2 Autosave for quick transactions
To make each of the transaction easy and quick, remove all the frictions like typing name and all account details every time a transaction needs to be done. The app can autoload everything from their last transaction details.
#3 Real-time saving details or account statement
The financial app must provide the users with the option to check their balances in the account in real time and that also at any hour of the day. The app should provide them with a mini account statement with details of up to 5-10 transactions made.
#4 Tight Security
This perhaps comes as the most crucial aspect to take care of in a financial app because users will only trust using it if the data or credentials they share are safely stored and encrypted. They should be provided with secured codes while transacting online. Further, the app can send away a SMS or email alerting them that a transaction has taken place and request an OTP to confirm a transaction.
This accredits that the app has top-notch security and built trusts on them. So, make sure you hire an app developer who looks at the security as a principal matter.
#5 Third-party apps integration
To make experiences of transactions completely mobile, the app should let the users pay for on-demand services/online order delivery apps. It means after users shop from an eCommerce app or get a flight booked from a travel app or after having some food ordered, they can pay for them through the finance app from their linked bank accounts.
Without these features set, a finance app is said to be half-done and just not feasible to facilitate all forms of transactions. When on one hand, businesses app helps customers get all types of financial services with one tap of their fingers, on the other hand, it also cut down the bank’s responsibilities in dealing with customers services.
Get a programmer is one of best app developers in Sydney at Envertis, a leading Android and iPhone app development company in Australia offering engaging solutions of app development in Sydney and the rest of the country. Having a rich expertise in applications development, he has delivered some of the remarkable and challenging apps to businesses.
Created on Oct 3rd 2018 02:45. Viewed 296 times.