Fintech is a significant and complex area. Over the past decades, we have seen the recurrent site within Fintech App Development which covers several domains within finance and banking. In our work, we use a classification that contains six domains:
Capital Raising
Capital raising is about providing customers with access to investments and raising capital either in exchange for equity or in return for interest rates.
- Crowdfunding focuses on helping companies and entrepreneurs to raise capital for business products, projects, and social courses.
Deposit and Lending
Deposit and lending focus on personal services in the area of loans and management of their finances and saving.
- Digital banking is an interactive online service for customers to do their banking services such as paying bills, transferring funds, and access to checking and savings accounts.
- Alternative lending complements the other by focusing on providing customers with credit scores and peer-to-peer loans without going to traditional financial institutions.
Enterprise Financial Software Development
Enterprise software is an IT solution made for the financial sector. It includes tools for handling accounts, invoices, taxes payroll, and shareholder management.
- Accounting and invoice software helps financial institutions to improve the time and resources spent on the bookkeeping and invoicing processes.
- Data and analytics software helps financial institutions to fight off fraud security issues and cyber crimes.
Payment
This domain is the largest in terms of interest from investors. Payment is about money-related services including:
- Payment back-end and infrastructure refers to payment processing providers, solutions for accepting electronic payments, point sale terminals, card providers, and also mobile payments.
- Consumer payments include mobile wallets and seamless payment solutions to enable payers to pay on the go and p2p money transfers.
- Cryptocurrency provides access to digital cryptocurrency markets such as Bitcoin. So users can pay by accepting crypto money.
Code Brew is a full-service app development firm that has the technical and design expertise to create a finance app for you. We will work with you throughout the entire development process, from conceptualizing your idea and creating a strategy for its success, to ensuring it meets all of your needs. Get in touch with us and we will create an exceptional custom fintech app for you that is scalable, powerful, and significant.
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