
The 34 billion dollar Fintech industry is teeming with opportunities for mobile app development. However, if you are about to venture into this field, you need to know how to build a fintech app that can attract the revenue you need.
Explore the features of fintech app development, cost considerations, and monetization strategies in this article. Here, you will find a detailed analysis of the cost of building top fintech apps and get an in-depth look into the risks and challenges of fintech app development, as well as the ways to identify, counter, and eliminate those problems.
Get decisive insights on how to build a fintech app and also determine if you should recruit a team or hire dedicated software developers for the job without compromising your solution’s integrity and quality.




This is till the time that you want to make a big purchase like a house or a car and suddenly realize that you do not have enough savings in your account and are not eligible for a loan!
And no, you do not need to do any kind of hard work or number crunching as mobile application like Cleo – an AI based budgeting application will do the heavy lifting for you.The Global Fintech market is predicted to cross $300 billion by 2024.
The mouth-watering proposition of making a fortune in the Fin-tech mobile app sector has prompted many entrepreneurs to think about Fintech app development.
This is because this AI-powered Fintech app is the new poster boy of the Finance & Technology domain.What is Cleo app?Cleo is an artificial intelligence-based financial-technology app that helps the users in accomplishing their budgeting goals.The beautiful thing about Cleo is that when a user asks questions related to their bank accounts and payment details, the AI-enabled chatbot of the app answers the questions in an easy to digest manner.
For example, if a particular user asks how much did he/she spend on clothing past month, then Cleo will send the user a detailed spending report containing the date, transaction time as well as the name of the merchant.Because of the read-only method employed by Cleo, only the user can withdraw money.
To avoid privacy issues, Cleo never saves the credentials of the users on their servers, and they even encrypt sensitive data like transaction history and personal information.Cost to build an AI-based fintech mobile application like CleoThere are many factors based on which the fintech app development cost matters.


