Based on years of experience in multiple industries and deep understanding of business needs.

Blockchain

This year has been fruitful in terms of projects and new partnerships. And this new partnership with <a href="https://strapi.io/">STRAPI</a> should not go unnoticed!

Our team is glad to announce that we officially became a STRAPI-centric development agency helping businesses of all sizes to build high-class solutions that last for years. Let’s delve into the details of this partnership and what it will mean for our clients. 

What is STRAPI and who is it for?

First things first, let’s talk about STRAPI. It’s a user-centric headless CMS for innovative companies who prefer smart solutions and operations. With STRAPI it’s easier than ever to automate and optimize all routine business processes and forget the headache related to using general solutions that don’t fit your organization well enough. 

STRAPI is a trusted platform used by business giants such as Walmart, Toyota, NASA and many more. It has 50M downloads worldwide and 66K GitHub stars. No wonder, STRAPI saves developers tons of time, money and nerves. 

Here are a few benefits of STRAPI every business owner should know: 

It’s open-source which means you have ownership over your source code and don’t have to pay any licensing fees. 

It simplifies API creation, content creation and management allowing you to build high-class accessible solutions.

STRAPI has its own cloud where you can host your project and deploy in a few clicks with confidence. 

It takes care of consistent experience for all users by allowing to build plugins with a comprehensive design system. 

STRAPI works with all popular development tools – databases, frontend frameworks, and libraries. 

It has a huge developers community with whose support all potential development challenges can be solved in no time. 

How our clients can benefit from our partnership with STRAPI

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Now, when we collaborate with STRAPI, we can not only take care of your custom business app development but also offer you a little bit of extra: 

Seamless migration to the new CMS platform from older versions of STRAPI or other CRM platforms your company has been using.

Custom STRAPI-powered solution development from research and design to deployment and release. We have a team of STRAPI experts who can work with your organization in the most convenient collaboration form (i.e. dedicated team, project-based work, outstaffing).

Training sessions for your in-house team helping to adopt STRAPI and empower your new or existing product.

Our team specializes in STRAPI and a bunch of other technologies. By combining our expertise with all STRAPI capabilities, we can build a high-class solution that will future-proof your business and push it to the next level. 

Ready to start transformation of your product? Then <a href="https://artkai.io/contacts">contact us</a> and let’s start with discussing how STRAPI can empower it.

Development

Mobile

Recent data demonstrates that on average, a person spends 4 hours and 37 minutes on their phone every day. In fact, it’s over 1 day per week, 6 days per month, and nearly 70 days per year. Most importantly, the study by Emarketer shows that 88% of mobile time people spend on their apps. 

As for the global mobile development market, <a href="https://www.statista.com/outlook/amo/app/worldwide">Statista</a> implies that it will reach $756 billion by 2027 with a steady Compound Annual Growth Rate (CAGR) of 8.58%.

Obviously, this news should greatly encourage mobile app developers and businesses planning to invest in mobile app development. Since the app market has expanded, it shows consumer demand for innovative, user-friendly, and feature-packed products. Today, startups, small and mid-sized businesses, as well as enterprises, are investing hugely in mobile app development since their customers need these new products. 

In this post, we will focus on the key benefits for businesses from building mobile apps, the main types of applications to opt in to in 2025, the most prominent market trends, and a step-by-step guide from Artkai’s team on how to build an efficient mobile product. 

What kind of app to build (native, cross-platform, hybrid, PWAs)

There are basically two ways to build mobile apps: native development and cross-platform development. According to this, you can choose between the following types of mobile apps: native apps, cross-platform apps, hybrid apps, and progressive web apps. 

Native mobile applications are developed for Android and iOS operating systems and specific devices. Developers that build native apps use programming languages and frameworks provided by the platform owners. For instance, for an Android-based application, they use Java and Kotline, while for <a href="https://artkai.io/services/ios">iOS apps</a> - Objective C and Swift.

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With native development, we build an app that runs specifically on a particular platform like iOS or Android. This approach gives us full control over the capabilities of the device, resulting in excellent performance and a superior user experience. However, creating the same app for a different platform requires a separate project in a different language and ecosystem, which means two separate projects and two sets of bugs to fix.

Performance: Native mobile applications typically demonstrate better performance than other types because they are running directly on the device and are tailored to their platform. As a result, native apps have faster loading, smoother animations, and more responsive interactions.

Security: Native apps are generally safer than web-based apps because app stores have strong security requirements.

User Experience: Native apps can be more user-friendly because they can access all device features (GPS, camera, microphone) and use push notifications.

Cons of Native development:

Development Time: As native apps are built separately for each platform (iOS development, Android development), it can take longer development time and more costs.

Limited Reach Across Platforms: Built for one specific platform (Android or iOS), the app is not accessible for another.

As for use cases, native apps are usually leveraged for social media platforms, gaming apps, fitness & health products, apps that need offline functionality, and fintech. 

Cross-platform mobile applications, also known as multi-platform apps, are built using a single codebase to run across several operating systems. By reusing the same code for different platforms, companies can reduce development time and costs and potentially lower bugs while targeting a wider audience. Fixing a bug once means it's fixed across multiple platforms. To build cross-platform apps, mobile app developers usually use languages and cross-platform frameworks like React Native and Flutter. 

Infogr_02-1

Pros of cross-platform development:

Reduced software development time and costs because of a single codebase.

Wider audience reach with simultaneous deployment on iOS, Android, and others.

Consistent UX/UI and easier maintenance across platforms.

Limited access to platform-specific features and APIs compared to the native mobile app development process. However, embedding pieces of native code into a cross-platform app could eliminate this problem. 

Performance may be compromised, especially for complex features.

These days, most companies prefer to create apps using cross-platform development to reduce costs. If you're starting out with your mobile application, we recommend focusing on cross-platform development for better opportunities. Cross-platform apps can be efficiently used for most types of applications, except for very hardware- or platform-specific ones.

Progressive Web Apps (PWAs):

Progressive web applications (PWAs) combine best practices of mobile and web development since they leverage web technologies like HTML, CSS, and JavaScript. Due to this, PWAs can be accessible through both web browsers and app stores.

However, PWA applications usually inherit the limitations of regular web applications, like limited access to the device and mobile platform features, offline operations, etc. 

<a href="https://artkai.io/services/hybrid-app-development">Hybrid apps</a> are web apps with a native app shell that connects to a mobile platform's capabilities through an embedded browser. Hybrid apps can be used offline, run across different platforms (they’re both Android apps and iOS apps), and take advantage of web apps since they are built with HTML, CSS, and JavaScript web technologies.

Infogr_03

Pros of hybrid development:

Faster software development: Hybrid apps don’t require app store approval in case of changes 

Lower development costs because of using a single codebase that can be used for multiple platforms.

Expanded reach because of multi-platform access

Limited access to native features, since hybrid apps may not perfectly replicate the UI of each platform.

Debugging challenges due to the interplay between web and native components.

Dependency on third-party tools like Apache Cordova during the compilation step.

In fact, this approach is quite outdated and does not meet modern requirements in terms of performance and security.

Content-based apps and internal apps for enterprises are the most common examples of hybrid app use cases. 

Benefits of mobile app development for business

Based on our deep expertise in mobile app development process, we can see the following benefits that businesses gain from mobile applications:

Developing a mobile app streamlines and automates lots of business processes, reduces manual work, eliminates paperwork, and improves overall workflow performance. The reason is that mobile app architecture and UX/UI are built specifically to align with your business operations.  

Improved visibility on mobile

Users spend 7x more time in their mobile apps than they do in their mobile browsers. So, businesses that don't have a mobile app presence risk missing out on a substantial chunk of their target market in today's mobile-centric world. Reaching people on their preferred mobile devices and building apps to ensure a strong mobile presence are two benefits of using <a href="https://artkai.io/services/mobile-app-development">custom mobile apps.</a>

Savor ownership and control

You maintain all control and ownership of the app when you choose custom app development. Being able to update and modify in accordance with your business demands without relying on outside developers is more important than merely having a customized user experience or more dependable security.

Remove data fragmentation

Companies frequently require assistance managing dispersed data across multiple platforms and systems. Existing databases can be connected with custom mobile apps to centralize data and facilitate access and management.

Getting better customer engagement

Adding any feature, such as specific push notifications, personalized content, loyalty programs, and other types of interaction with your target, can engage users of your mobile app better from the very start. 

Address communication issues efficiently

In case of any issue inside your company or between your company and your clients, you can resolve it immediately by implementing chat features, in-app messaging, or other functionality into your mobile app.

Strengthening your brand

With a mobile app creation, your brand becomes stronger. By implementing proper design and consistent communication strategy into your app, you can gain a true brand ambassador. Developing a mobile app is an efficient step that helps deliver a consistent message and support brand promise to the right target at the right time.

Capitalize on your business niche

A high-quality mobile app helps businesses gain a differentiator in a crowded niche. Since 85% of consumers prefer to shop in their mobile apps instead of a browser, you can earn a larger market share, especially in the e-commerce niche. Plus, adding interactive communication features like a chatbot in your branded app could give you a true game-changer. 

From our perspective, in 2024, <a href="https://artkai.io/blog/mobile-apps-trends">the most popular trends</a> in mobile app development are the following:

Artificial Intelligence (AI) and Machine Learning (ML) Integration

In general, AI and ML technologies make mobile apps smarter and more personalized. As most users prefer hyper-personalized experiences with their mobile apps, AI and ML provide better customer support. From the development side, these technologies are beneficial as well, since they automate tasks and reduce manual work. 

Today, AR makes it possible to add various interactive digital elements like virtual try-ons and enhanced shopping experiences to the real world in a mobile app.

Internet of Things (IoT) Integration

IoT connects mobile apps with different smart mobile devices, which makes a smartphone a control hub for everything that your customers use, from home gadgets to fitness trackers.

Since data privacy is key, mobile apps require specific approaches like strong encryption, multi-factor authentication, and strict compliance with data regulations.

Cross-Platform Development

Cross-platform apps are becoming more and more popular because they work on both iOS and Android, saving development time and budget. Different tools can be used to build cross-platform mobile apps. Flutter, React Native, Appcelerator Titanium, and Xamarin are just a few examples.

Since blockchain technology is rising, it shapes mobile app development greatly as well. Blockchain provides high security and transparency for apps built for the financial industry, safe transactions, or identity verification.

Voice-Enabled Interfaces

Siri and Alexa are well-known examples of voice technology that are widely used in mobile app development. They give an extraordinary user experience, allowing hands-free interactions between apps and gadgets and making it easier to get things done on the go.

Briefly put, today, due to 5G technology, mobile apps are capable of handling more data smoothly.

User Experience (UX) Design

Today, UX design is considered great when it is simple, easy to use, and keeps users happy by ensuring everything works as expected.

Mobile Commerce (M-Commerce)

As we already said above, 85% of users prefer shopping on their phones instead of browsers. That’s why mobile apps should focus on secure, personalized shopping experiences to boost sales.

Being aware of these trends, businesses can ensure they’re developing truly actual, up-to-date, and useful mobile products for their users. 

A step-by-step guide to building a mobile app for business

If you’re planning to build a mobile application, a clear strategy has to be the first thing you should consider. Basically, at Arkai, we divide mobile application development into several steps, from market research to support and maintenance. Let’s look at each of these steps in detail.

Infogr_05

We typically start with understanding our client’s vision, objectives, and the very concept of the mobile app. Our team conducts deep market research and analyzes the client’s competitors to define what target audience, user personas, opportunities, and challenges we need to tackle via mobile app. We recommend our clients answer the following questions:

What is the purpose of your mobile product?

What budget shouldn’t be exceeded during this project? 

What platforms (Android or iOS) and mobile devices will the app support?

What features and functionalities do you want your app to have?

How about data security protocols and user privacy?

How will you approach testing and validating your app? 

How do you see the launch process, and what is your marketing strategy after it? 

As a result of this step, our clients get a clear project plan with timelines, milestones, tech stack, and resource allocation.

After conducting research and building a strategy, we usually take on the app’s user interface (UI) and user experience (UX) because a seamless user journey is key for mobile products. Artkai’s designers create wireframes and mockups to visualize the app's layout and navigation. Importantly, we seek the client’s feedback at every stage. Iterating work is especially important for design to make your app look and feel as desired. Mobile apps have a really high rate of churn. That’s why UI/UX design is crucial, so you should necessarily build on design consistency so users do not experience any discomfort while navigating your app.

After we select the technology stack and platform (Android or iOS) and agree on the app’s functionality with our client, we start developing the mobile app in a test environment. Typically, our developers build the front-end and back-end components, implement features one by one, handle data management and user authentication, and then integrate the app with required external services.

Artkai’s team implements different testing phases, such as unit testing, integration testing, and user acceptance testing. During this stage, our developers and QA identify and fix bugs, resolve issues that occur, and define performance bottlenecks. Testing makes it possible to ensure the app functionality runs as expected on various devices and operating systems. 

At this stage, our team prepares the mobile app for release. Typically, we create the app store accounts and configurations needed for the most popular platforms, like Google Play Store and Apple App Store. Finally, we upload the product to the stores for further distribution.

Monitoring and Maintenance

Deployment is not the final stage of the mobile application development process at Artkai. We provide our clients with maintenance and support of the products we build. This usually includes monitoring the app’s performance, gathering feedback from users, and analytics to implement insights for improvements. Also, the app needs regular updates and bug fixes to make sure it stays compatible with the latest devices and operating system versions. Moreover, if we get specific user feedback or the client’s business needs evolve, our team can implement new functionality or enhance the existing features of the product. 

If you want to build a mobile app, read this guide too not to make <a href="https://artkai.io/blog/mobile-app-development-mistakes">the most popular app development mistakes.</a>

What team do you need to build a mobile app?

To bring the idea of your mobile app to life, you need an efficient development team. From our experience, you may need different-sized teams for different projects depending on the scope and complexity of each project at hand. However, in a nutshell, we’d recommend you have 6–8 members of your development team responsible for different aspects of work. The bare minimum of roles that you may need are the following: 

mobile developers (React Native, Flutter, iOS or Android) 

Of course, ideally, to create apps, you need to have a product owner and project manager as separate roles since they have different scopes of responsibility. Also, it’s better to include a business analyst who works closely with the product owner and project manager and helps identify and translate business needs into technical requirements for the team. However, we mentioned the bare minimum above to help you understand what roles you need to cover as a must to bring your product to life. 

Best mobile application development technologies

Based on our recent experience with mobile app development, we can recommend our clients consider these top app development frameworks for their products: 

Digital Transformation

Fintech

As for 2025, the fintech app development market appears to be a good time for businesses to implement innovations to their financial solutions. According to <a href="https://www.mordorintelligence.com/industry-reports/global-fintech-market">Mordor Intelligence</a>, the fintech industry is projected to reach $332.5 billion by 2028, demonstrating a compound annual growth rate (CAGR) of 20.3%. Such rapid development shows the extreme demand for innovative financial products, from digital banking with mobile banking apps and digital wallets to investment apps and blockchain-based apps.

Infogr_01-1-copy

Today’s the right time for businesses to invest in upgrading or developing FinTech software. 90% of consumers prefer <a href="https://artkai.io/industries/fintech-app-development-services">digital financial services</a> and online transactions. Plus,  with constantly changing regulatory rules and cybersecurity issues, companies’ need for modern, secure, and scalable financial apps grows significantly.

At Artkai, we help businesses develop advanced FinTech applications for both their current demands and future objectives as well. In this post, we’re going to explore the key trends that shape the FinTech market and financial management in 2025, the most valuable reasons why you need to modernize your financial software, and the process of how to do it correctly.

In January 2024, <a href="https://www.statista.com/statistics/893954/number-fintech-startups-by-region/">Statista</a> showed that there were more than 13,101 fintech companies in the Americas and the Caribbean, which made these regions the true leaders of the global fintech sector. Just to compare, it is 1,500 more institutions than they had last year. The EMEA region, which includes Europe, the Middle East, and Africa, owns 10,969 fintech companies in 2024, while the Asia-Pacific has 5,886 financial institutions.

The biggest companies influencing the market today include startups like Bond, Monzo, N26, and GoCardless.

The Development of Apps for Mobile Banking

These days, mobile banking apps are essential to contemporary money management. In fact, almost 64 percent of prospective clients consider a bank's mobile features before opening an account. Additionally, 61% of consumers say they would think about switching to a different bank or fintech company if the mobile experience isn't user-friendly enough. So, developing user-friendly mobile banking apps in 2025 is the top priority for all financial organizations and banks to stay competitive.

Growth of Embedded Finance

According to Lightyear Capital, by 2025, the embedded finance market, which transforms financial services into non-financial platforms, will reach $230 billion.

BNPL (Buy Now, Pay Later) Growth

It is also predicted that by 2025, BNPL services will reach over $1 trillion in transactions worldwide. These services are important because, using them, your customers can split their payments into smaller, easy-to-manage installments. Don’t forget that this is also the reason why you need proper regulations just to make sure your customers are safe. 

Machine learning and artificial intelligence

Finance apps use AI and ML technologies widely because they help automate processes like fraud detection, risk assessment, and customer support. They also enable fintech apps to deliver personalized financial advice and automate services based on real-time data, creating a smoother and more secure user experience. 

Blockchain: Security and Transparency

Blockchain is reshaping fintech by making transactions more secure and transparent. Apps that use blockchain can offer safe transactions, unchangeable records, and smart contracts. It also speeds up cross-border payments and improves identity verification, making it a valuable tool for developing secure financial solutions.

Decentralized Finance (DeFi) Solutions

DeFi is growing fast, offering decentralized lending, borrowing, and trading without the need for traditional banks. Built on blockchain, DeFi allows fintech apps to provide new services like peer-to-peer loans and automated trading, giving users more flexibility and control over their finances.

Better Security Features

As online threats get more advanced, security features in fintech apps are also improving. Multi-factor authentication, biometric logins, and constant monitoring are now standard. Encryption keeps sensitive information safe, which helps build user trust.

Staying Compliant with Regulations

Fintech companies need to keep up with legal changes, especially around data privacy and protecting users. Being compliant not only reduces risks but also strengthens the app’s reputation in the industry.

By focusing on these trends, fintech companies can build stronger, more secure apps that meet user demands and future needs.

As competition grows and demand is at an all-time high, many financial institutions are turning to a fintech app development company to create a fintech app for several compelling reasons.

Personalized Fintech Solutions for User Needs

Customers expect personalized experiences in every aspect of their lives, including financial services. Finance can be tricky, and if an app is too hard to use, people might get frustrated and leave. A report from the OECD shows that only about 34% of adults have basic financial knowledge. This means it’s super important to create apps that are easy to use but still offer personalization. Custom fintech apps can help businesses find the right balance by making sure everyone has a smooth experience, no matter how much they know about finance.

Cost-Effective Software Development with APIs

Years ago, developing fintech apps was costly and time-consuming, limiting such ventures to big corporations. Today, small and medium-sized businesses (SMEs) can save their time and budget greatly by using third-party fintech APIs. You shouldn't build everything from scratch, but likely to integrate tools like Stripe or PayPal for payments instead, or implement Open Banking APIs to easily access customer financial data. This helps them launch apps faster.

Early Compliance and Security Integration

Working with a fintech app development company, businesses can handle legal and security requirements early on. Don't forget to follow rules like Anti-Money Laundering (AML) or data protection laws (GDPR, CCPA) because it is crucial to keeping user data safe and protecting the fintech app from risks. Also, it's important to build compliance into the app from the start to make sure it will stay secure as it grows.

Efficient Maintenance and Scalability

You may always remember that scalability isn’t just about adding more users; it’s also about keeping the app running smoothly without bugs and ensuring customer support is handled well as the app evolves. From our perspective, starting with clean code makes maintenance easier and cheaper in the long run, reducing headaches for developers and support teams as the app becomes more popular.

We recommend investing in fintech app development today because it's a good opportunity for businesses to set themselves up for long-term success by having a secure, scalable, and user-friendly product.

Top reasons to modernize your fintech app

From our experience, if businesses want to stay competitive and successful but don’t need to build a fintech app from scratch, they should invest in modernizing their products. Talking about business reasons for such modernization, here are the most notable: 

Reduced Market Responsiveness

Legacy fintech products make the company less adaptive in terms of market trends, changes in regulations, and new customer demands. Since the fintech sector is very demanding and dynamic, the lack of responsiveness can lead to slower product releases, decreased market relevance, and penalties for non-compliance. That’s why fintech app modernization is a way to stay agile, win business competitions, and meet changing regulatory standards with no delays.

Improved Customer Experience

If your fintech software is outdated, it usually means it doesn’t have the intuitive interfaces and features that most modern users expect. It can make your customers frustrated and result in their switching to more innovative competitors. But by modernizing <a href="https://artkai.io/blog/importance-of-ux-in-private-banking-interview-with-artkai-technical-advisor-janosh-oros">the app's UX</a>, you can integrate new advanced features such as AI-powered personalization or seamless payment options. These features will necessarily make your customers more satisfied and boost their long-term loyalty.

Legacy systems are often not scalable. If a fintech company wants to expand into new markets or grow its user base, legacy platforms can be the true bottlenecks that limit performance significantly. However, in case this company makes a decision to modernize its infrastructure, it will enable smooth scalability and the ability to grow with demand and leverage new fintech industry opportunities.

Compatibility with Modern Ecosystems

Legacy fintech systems lack integration with advanced technologies and platforms such as blockchain, Open Banking APIs, or real-time payment processors. As a result, this can restrict the functionality of a fintech app and limit its future innovation potential. In contrast, modernization will make integration with modern ecosystems seamless and efficient.

At first sight, it may seem that the cost of modernization is high enough, but in fact, if done correctly, it significantly reduces development and maintenance costs in the long run. Legacy systems require constant patching. They are usually prone to breakdowns and often need higher maintenance fees. By upgrading to modern technologies, fintech companies can get better performance while saving costs and freeing up resources for further innovation.

Aside from business reasons, there are also technical reasons why businesses need to modernize their fintech apps:

Legacy tools and languages make fintech apps perform poorly and have slow load times and frequent crashes. Such products are usually very hard to maintain. However, if you modernize a financial app and implement advanced technologies, it will boost productivity, improve user engagement, and make an app compatible with financial industry standards. Thus, by modernization, you can increase the long-term growth of your fintech product.

Outdated fintech solutions are more vulnerable to cyberattacks because their security measures are outdated. Since financial data is especially sensitive, you should upgrade security protocols as a must. Think about implementing encryption, multi-factor authentication, and real-time threat monitoring to keep your business and customers in safe. 

As financial systems age, they become increasingly difficult and costly to maintain. Legacy code is often very complicated and needs specialized knowledge (and specialists), and that will lead to time-consuming and expensive routine updates or bug fixes. In contrast, modern platforms are easier and more efficient to manage and require fewer resources for their maintenance.

As well as with maintenance, scaling of legacy systems is often expensive and technically challenging. Modernized fintech solutions are designed for easy scalability and lower risks of system overload or failure.

Knowledge and Information Gaps

Legacy systems often demonstrate poor documentation and knowledge gaps in case developers who maintain these products leave. For new specialists, it’s always difficult to gather all the information needed to update or improve the code. By modernizing your fintech app, you will approach documentation and knowledge sharing better, and that will lead to a smoother workflow and easier transitions between specialists.

Obviously, fintech app modernization is not just about keeping up with technology. Moreover, it’s about improving the customer experience, staying competitive, and providing your business with long-term growth and success.

<a href="https://artkai.io/blog/a-roadmap-to-a-perfect-fintech-product">Building a fintech app</a> starts with selecting the right tech stack. It is crucial as the backbone for your app’s functionality, performance, and scalability. Basically, the choice depends on the app’s platform (web, mobile, or desktop) and whether specific components, libraries or features are used.

Based on our experience, here’s an overview of popular technologies mostly used in fintech development:

For web-based fintech apps, React.js and Node.js are commonly paired together.

React.js: A front-end library that supports seamless, interactive user experiences, especially useful for real-time updates—essential in financial apps where users expect data to refresh dynamically.

Node.js: On the back end, Node.js helps manage high server loads and real-time data processing, ensuring a stable, fast app experience.

For mobile banking and other financial apps, there’s a choice between native and cross-platform development.

Native Apps: Using Kotlin for Android and Swift for iOS offers great performance and access to device features. However, native development requires separate codebases for each platform, which can increase development and maintenance costs.

Cross-Platform Apps: React Native is the most popular choice for cross-platform, allowing for both iOS and Android support from a single codebase, which cuts development time and costs. Flutter could be used as an alternative, however it is usually more expensive in development than React Native. 

For desktop fintech apps, Electron.js is commonly used because it allows developers to build cross-platform apps with web-based technologies like JavaScript, HTML, and CSS. Also, this framework is compatible with Mac, Windows, and Linux. Another option could be .NET MAUI, but it delivers the best results only for Windows-based desktop applications.

Database and Cloud Services

Popular databases that we use at Artkai include PostgreSQL, MySQL, MS SQL, MongoDB, and Redis, all of which are reliable and scalable options in fintech. 

For cloud services, AWS, Google Cloud Platform, and Microsoft Azure are frequently used to meet storage and infrastructure needs.

GitHub, Bitbucket, GitLab or Azure Repos for code version control, collaborative software development and CI/CD.

Docker, Kubernetes and Amazon ECS for containerization and orchestration.

Jenkins for continuous integration and delivery (CI/CD).

API Security and Compliance

Don’t forget that you’re handling sensitive financial data, so implementing security standards is critical. We often include OAuth 2.0 and OpenID Connect for secure authentication and adhering to OWASP API Security standards to guard against common threats. We employ industry-best security practices for our infrastructure, frontend, backend, and data storage. 

With a carefully chosen tech stack, fintech developers can ensure their apps are secure, scalable, and ready for the demands of modern finance.

At Artkai, we recommend our clients a five-step plan for developing a functional, secure, and productive fintech app: 

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1. Planning and Requirement Gathering

It’s better to begin with the purpose and target audience of your financial product. First, identify your users, the specific problems they have in their financial management, and how you can solve them. Understanding your audience’s pain points is key to creating a really useful and engaging fintech solution.

Then, conduct market research and competitive analysis to explore what current fintech solutions offer and what their offerings lack. Analysis of your competitors helps you understand their strengths and weaknesses and make your product unique.

Prioritize features based on your research. Align your app’s features with the demands of your audience, your budget, your timeline, and the tech stack you can implement.

Check whether your product is compliant with financial and industry-specific regulations, such as GDPR, CCPA, and AML (Anti-Money Laundering) laws. Compliance builds trust and protects your financial business. 

Resources that make sense

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