Fintech App
In this fast-paced environment, users are demanding more effective solutions for their financial activities. Thus, FinTech applications are becoming more and more popular. You can find various apps to perform financial services like money transfers, loans, bill payments, invoices, or financial advice.
So, how do you create a great Fintech app that meets the needs of your users and gives them a seamless experience? This blog will explain the best mobile banking trends and how you can integrate them into your FinTech applications.
How to Design FinTech App Using These Trends
For a FinTech app to be effective, you must provide the perfect banking user experience with a simple and intuitive design. Therefore, cutting-edge technology and trends should be implemented.
Here’s how you can use the top 7 mobile banking trends to design FinTech apps.
Blockchain Solutions for Optimized Services
Blockchain technology is one of the popular trends in Financial Technology applications. Its use will transform financial services with completely transparent, secure, and convenient transactions. Using a blockchain network can also improve transaction speed.
One of the key benefits of Blockchain technology in banking processes is automation. In this fast-paced environment, no one has time to wait in line and fill out long forms. In this case, blockchain is well-suited because it can trace the ownership of assets and access authentication and registration effortlessly.
Gamification of FinTech Apps
Technological advancements have made financial services more interactive and attractive. A graphical representation of reward points and financial statements can be used to gamify the banking user experience. It’s best if you entertain your users in a way that keeps them coming back to your app.
You can offer rewards for meeting savings and investment goals, participating in social activities, acquiring new banking services, and more. Points earned by users can guarantee service discounts or exclusive offers, gifts, and freebies.
Also, social media sharing can be a great tool for cross-promotion.
Real-Time Analytics Based on Nudge Theory
The FinTech app can help customers manage their finances efficiently through real-time analytics and nudge theory. FinTech applications include account balance, transaction history, and authentication. Therefore, you need more than a simple view of account transactions.
The FinTech app helps customers manage their funds efficiently through real-time analytics and nudge theory. FinTech applications include account balance, transaction history, and authentication. Therefore, you need more than a simple view of account transactions.
Voice-Assistance for Improved User Experience
As the competition in the app development industry is increasing, your app should offer unique features along with better app performance. Therefore, your FinTech app should be a personalized financial assistant and adequately address user queries.
AI-based voice processing in FinTech applications provides instant assistance to users. Combining big data and AI capabilities are transforming the financial industry with accurate results.
Ensure a Robust User-Authentication System
As FinTech applications store your sensitive data, it becomes necessary to provide a secure platform with user authentication. You can access your account for various purposes such as bill payments, cash transactions, and checking account balances. Therefore, user authentication ensures that only you have the right to access your account information.
Nowadays, FinTech development companies are using biometrics methods to verify user identity. This may include TouchID, FaceID, or VoiceID with security settings. This will ensure instant and secure access to the user dashboard.
Personalization of Ads and Information
You can deliver personalized ads using artificial intelligence. In Financial Technology applications, using AI, you can take essential and valuable services into account and provide the right information to the user at the right time.
Personalization of advertisements can be done through predictive analytics, data analytics, geo-location data analytics, user behavior pattern analysis, etc. For example, location-based push notifications or a loan offer.
Your FinTech ads should provide everything needed in just a few clicks, which will significantly increase user engagement.
Social Media Integration for Information Exchange
You can integrate social media or enable smart contact syncing in your FinTech applications to allow quick money transfers or requests to friends. You can also add a section to the activity feed to ask for opinions, advice, and tips about different financial services.
Predictive analytics, data analytics, and information from social networks can help create personalized proposals. Hence, it will increase user engagement with your Fintech applications.
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