What are the Important Features of Finance App Development in 2019?

Today mobile apps have become a significant part of our life and we can use them for different purposes including for communications, banking, entertainment, games, weather, news, shopping or any other day to day work. Mobile apps have completely transformed the business world. Business organizations are growing their customer base and customers are also enjoying the benefits of apps as they can do multiple tasks using their smartphones.

Mobile App has also got a major impact on the finance sector to provide convenience to the customers to perform multiple financial and non-financial tasks through their phones. Today most of the financial institutions & banks are in touch with the Mobile App Development Company to offer secure and smooth mobile apps to their customers. According to the latest survey, around 40 percent of people use mobile apps to perform day to day activities.

But mobile bank app development is a challenging job to do because when an app has to process the financial transaction, it should be properly secured from external attacks or hackers. The security concern is one of the main reasons why people still hesitate in using banking apps. Let’s discuss the core features of a mobile app for proper development and use.

Important Features of Mobile Banking App

1. Security

With the increase in credit card frauds, data leaks, most consumers are worried about the security flaws involved with mobile transactions. Therefore, always hire Android App developer that take security as a priority during mobile app development. Some key points are mentioned that both developers and users can consider to completely eliminate security threats.

• Monitor Security Layers

• Install Encryption Programs

• Integrate Digital Signatures

• Limit Transactions

• Never Save Credentials

• Sign Out After Use

2. Simplicity

The complex navigation of the mobile app is a huge concern than data security risks. Hence, try to build a simple mobile app for quality user engagement. Most of the users don’t use complicated tasks on banking applications. They simply perform day to day activities in one or a couple of clicks. Instead of converting the whole website into a mobile app, its lighter version in terms of Financial Software Development should be focused on.

• Create an attractive & appealing design

• Restrict the number of functions

• Control the response time

• Reduce the load time

• Personalize the user experience

3. Key Functions

Android App Development Company must comprise custom functions for better user engagement and customer trust.

• Make bill payments

• Make money transfer

• Check account balance

• Check transaction history

• Find out the nearest ATM

Wrapping Up:

A mobile app for financial institutions is a powerful platform for building customer loyalty. For business enterprises, it is essential to select the appropriate development team to properly plan and perform the development job. The most significant thing is the data security and app should be robust to address all external threats in a very systematic way. Bank apps have completely transformed the process of banking, saving a lot of time for bank employees and customers.