The world becomes more user-friendly with the digitization of financial processes, integration of AI technologies, smarter use of data analytics, and the faster pace of innovations. People are proactively giving preference to these advances over traditional services. With the growing number of transactions migrating to digital channels, more and more businesses launch their digital-only banking apps where they leverage mobile technologies to provide investing, lending, or other specific services. Meanwhile, the promising market for fintech software solutions that help individuals better their financial lives is still significant.
Let’s suppose that you are a bank executive and you are contending with a multifunctional, low-priced, digital bank with global presence: people access their accounts easily and quickly via mobile phones, effect payments with one single tap on their wearable devices, make smart and safe investments with the help of AI chatbots, and enjoy cross-border payments at no extra cost. This bank introduces new services promptly, easily becomes compliant with strict regulations, employs Artificial Intelligence technology to prevent fraudulent activities, and eliminate exchange risks with cryptocurrency.
The financial services and banking industry is actively adopting conversation. Today we are surrounded by gadgets and applications that listen, analyze, and answer our questions and concerns. We easily share information that we’ve used to keep private, helping companies get insights into how we choose, shop, and pay. Conversational banking is forcing the next wave of digital growth. Artificial intelligence chatbots are skyrocketing and becoming an essential part of our daily life, thanks to progress in natural language processing (NLP) and speech capabilities.
Nowadays, people can run the world via their mobile phones. We can communicate with friends, perform task management, financial operations, order or buy things, and so on. Nearly every aspect of our lives is becoming easier and more convenient. From this perspective, the unstoppable growth of the digital banking system inspires me the most. People are ready to give financial institutions or branchless banks their money without visiting the official branch.
Digital is redefining the future of banking and financial services in a myriad of ways. While for most incumbents, that means embracing an entirely new approach to doing business. Today people are willing to spend more on experiences and leisure with family and friends. Being on the go more than ever, they don’t want to waste time visiting brokerage offices or bank branches. These days, customers expect the same level of accessibility, personalization, and ease of use they get from various platform-based businesses.
I love to develop digital products. It is the most exciting activity for me, at least by now. Moreover, it is not only my passion. My team always puts their hearts and souls into our work. From the beginning of the 2018 year, Dozens had become my ruling passion. It is not just a new challenger in the UK market, it is a personal guide to fintech offering users a unique journey from spenders to savers and investors.
We all live in a digitized world. We use dozens of different applications daily. Messaging apps, sport tracking apps, apps to manage daily tasks, audio and/or video providers, banking apps, and others. When downloading an application from the App Store or Google Play, to start using the app, we usually need to register. During the registration process (signing up), we enter our identification data so the system can verify our personality.
When we hear or read of failure, we usually remember our hard times or even some painful situations. Our unconscious fear of fatality raises in our minds. But we also know that failures happen, and if we learn from them, we gain experience. We learn from doing and become wiser by overcoming failures. The tricky thing is that we will rather see opportunities for growth and improvements from somebody else’s mistakes.
There hardly exists a sphere of human activities untouched by mobile applications. Apps fit the swift pace of life entirely. We get used to the level of comfort mobile services provide anywhere and at any time. Finances, payments, and banking domains follow the tendency. Among many apps Dashdevs has developed together with clients for 8 years, there were a mean bunch of projects from the fintech domain. If you want to create a fintech mobile app from scratch and eager to know some hints, this article may happen helpful for you.
“Startup” has become a usual word for us. Everybody knows what it means, but this word had no official definition for a long period of time. Commonly when we talk about a startup, we often think about a young company with innovative ideas and the will to scale. At most of the cases, such companies have a few investors ready to help them to grow up. Angel investors always chase the future “unicorn” — a company with a valuation of more than $1 billion.