Fintech Apps – A Lucrative Solution for Customers and Businesses Alike

Fintech Apps – A Lucrative Solution for Customers and Businesses Alike

Do you remember the good old times when we called each other using a corded telephone and didn’t worry about WiFi? People were kinder, and the grass was greener. But! It also was harder to warn colleagues about being late for a meeting, more frustrating to stand in a lengthy queue at a bank, and more difficult to send someone money.

Now, all these wonderful torments of our existence are destroyed by IT developers. Just tap a touch button (they even deprived us of the pleasure of pressing real buttons!), and you have paid your utility bill, donated to a charity, and bought a new smartphone.

Whole Banking on Your Mobile Phone

Nowadays, according to Statista, there are 3.185 billion of those who use Fintech mobile apps to solve their everyday cares, such as taking out a loan, personal financial management, or even the registration of insurance.

However, this is not a charity fair. Those who deliver these services also hugely benefit from providing cutting-edge financial apps, whether it is a usual bank or a particular financial start-up.

The advantages for their businesses include:

-A timely and cost-efficient way to deliver financial services and products to the end customer. This includes significant cost savings through a reduced reliance on the traditional network of branches and customer service personnel.

-Transparent management of all financial operations due to new technologies such as AI, blockchain, and smart contracts.

-Competitive advantage for start-ups on the market compared to conventional financial institutions.

-Flexibility, which means the opportunity to communicate with a customer, save their information, and make queries whenever and wherever your customer is.

All of these features create additional value for a business in the eyes of the customer. Today, the opportunity to manage finances on the go can define whether or not a millennial will use the services of a particular bank. Therefore, a user-friendly Fintech mobile app that meets customer expectations has a high chance of winning over the clients of a typical bank.

What a Fintech App Must Guarantee

The success of any Fintech app depends largely on the efforts of professional developers and designers. Namely, whether a customer will have a desire to use the app at all or will delete it, never having the chance to know all the beauty of the “sophisticated functionality.”

Here are some features that a Fintech app should come with:


-Security. When dealing with personal information, especially in financial service, a high level of security for the data entrusted to you is a must.

-Code cleanness and scalability. The financial app has to consist of clean code to facilitate future support and a chance to scale the app without developing everything from scratch.

-Performance and viability. The app has to function without disruptions and exactly how it was initially planned, even under unexpected conditions.


The app has to provide the following services

-Credit score

-Personal finance

-Credit score management

-Banking and credit card transaction processors

-Account tracking

-Multiple account support

-Data protection

-Payers and payees management

-Robust financial statistics and custom reports

-P2P lending, crowdfunding

User experience:

-Simplicity. Minimal and highly functional dashboards are what appeals to millennials.

-Personalization. Not many people really enjoy banking. A personalized approach can resolve the problem by offering services and products that make sense to customers.

-Accessibility. To enable customers to use an app at any time they want and with minimal latency.

-Integration with other Fintech apps. Diverse Fintech solutions are becoming more and more specified. Thus, the need arises to connect them all, to make them ‘talk’ to each other in order to interchange data.

K&C Experience

Having worked for a long time with the financial sector, the K&C team has the right solutions for what people want to see on their screens. For every client in the financial services industry, K&C has developed a unique set of technical solutions.

One of our latest successes was a project we ran with VIABUY. VIABUY is one of Europe’s most popular consumer prepaid card solutions. The company already had a web solution for their services, and creating a mobile platform was a logical follow-up for their business.

In less than four months, K&C managed to develop the mobile application that incorporated the functionality of VIABUY’s web services. From this case study there are a range of technological solutions we provided that are worth profiling:

Cross-Platform Development

As the customer wanted the app to be suitable for every platform, but the deadline was tough, the apparent solution was to resort to cross-platform development. Moreover, in certain situations, it proved itself to be even better than the native one. This approach saves time, money, and provides trouble-free support. Also, the cross-platform development helps save on the launch of the project and test the idea in practice.

React Native Framework

React Native is a framework from Facebook, which is used to create native applications for iOS and Android. It is based on the JS React library, developed in Facebook, and is designed to create user interfaces. But instead of browsers, it is targeted at mobile platforms. With this framework, you can use a single code base to create applications for iOS and Android, without compromising either quality or performance.

We believe that Fintech app development is nascent but with huge potential. We want to accelerate this process, and your participation is a booster as well. Come over to the K&C team and make your mobile app the best in the Fintech industry!

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