Financial App Development: Pressing Challenges And Rewarding Perks

In a world where finance app development is taking the frontline for handling monetary activities, there is a dire need for understanding the challenges faced by developers to build them and the fruitful outcomes after successful completion.

Hand using phone with global reports and stock market change con

In this article, we will briefly discuss the pressing challenges faced by developers in building a financial app, and the rewarding perks that can be enjoyed post development.

Challenges

Security Is Top Priority:

Owing to the delicate nature of financial transactions, developers have to ensure heightened security. There has to be no room for hackers to breach and steal sensitive information. Even a small mistake could be extremely expensive as it would break the trust of everyone subscribed to your services and they will immediately unsubscribe.

Compliance With Various Regulations:

Federal governments and other renowned agencies create and update regulations for finance app development every now and then. It is important to keep track and abide by them at all costs to ensure the app qualifies as its purposes.

Efficient And Uncompromised Functioning:

After security comes efficiency. Enabling quick transactions will greatly improve productivity for banks as well as their customers. Providing with functional features that make transactions simpler and faster is crucial for drawing more customers to your side.

Captivate With Compelling UX:

By simplifying the tasks of the customer, mobile app development renders amazing user experiences. But with a stark increase in competition, it does become quite challenging to gain that extra edge over your competitors. This calls for a need to keep up with the latest trends and impress customers with an experience of superior quality.

Perks

Boost Customer Loyalty:

When it comes to retaining customers, mobile apps undoubtedly have the capability to do so. By sending push-notifications about various programs, schemes, and other services, you can engage with them even more. Giving them instant access to your services inevitably improves their loyalty.

Enhanced Personalization:

Mobile apps are great tools for analyzing customer behavior. Studying the various choices a client makes, you can make personalized suggestions to him or her and possibly improve conversion rates by cross-selling and up-selling.

Create A Robust Brand:

Given the ease of accessibility and unmatched reach an app provides to the users, it is very much possible to create a well-recognized brand for your finance business. Moreover, Google is likely to rank your website higher if you have a mobile app by your side.

Effortless Finance Management For Users:

Customers are greatly enabled with amazing features which allow them to carry-out financial activities seamlessly and without much hassle. Everything is well organized and systematic. There is absolutely no need to break a sweat with a mobile app.

If you are looking to hire a professional Finance App Development Company, connect with Openwave! Our team of experts is specialized in providing sterling solutions to ensure your venture stands strong and achieves maximum conversions! Contact us for more information.

5 Must-Have Features In A Real-Estate App

Mobile applications are extremely easy to access, enabling us to perform tasks with just a few taps on the screen. While real estate is a lucrative venture, sailing through is not possible as it requires a lot of effort – in doing research, communicating with agents or buyers or sellers, finding out the state of property locality, estimating cost for purchase or sale, understanding real estate market, determining the amount of loan to be taken or if a property can be mortgaged, and so many other factors which make this venture truly challenging. Supporting it with a brilliant mobile app will simplify a lot of the complications.

Real-Estate-App-Developer

Here are 5 must-have features in a real estate app:

1) Creating Profiles:

Allowing users to register and create profiles according to their status – agent, buyer, seller, is a creative way to segregate different players involved and establish what is exactly required or offered. This makes the process of communication extra smooth as interactors will have a good idea of what to expect from each other.

2) Detailed Property Descriptions:

Real estate properties should be elaborated enough to give buyers a good idea about them so that they can decide whether to pursue them or not. Quality images and videos can be uploaded to give a better representation. Moreover, with recent advancements, virtual reality can be employed to give buyers a virtual tour of the property.

3) Extensive Navigation and Search Options:

Based on varying interests of buyers, different categories of properties should be made and filter options for search and navigation should be provided accordingly. Presenting users with an option to create a list of favorite properties allows them to get back as and when required.

4) Integrating Social Media:

Social media platforms like FaceBook, Instagram, Twitter and others are great mediators of spreading messages. You can display all properties available for sale targeting local buyers and improve conversions exponentially. Moreover, the discoverability of your app considerably improves in a social environment as people continuously exchange information.

5) Utilities:

Useful tools like currency converter, loan calculator, mortgage calculator and more can be designed and integrated within the app to provide extensive resources for app users. This wholesome experience can improve reliability and user engagement as well. Thus, include as many utilities as possible to make your app a complete real estate package.

Including such features, real estate can be taken to the next level with a mobile app! The cost of creating one depends on a number of factors, ranging from the choice of OS, desired design and functionalities, and a lot more. However, If you are looking to invest in real estate app development, connect with Openwave! Our supreme arsenals of developers are only one call away from delivering you the best! Don’t forget to grab a free quote!

How To Price Your Mobile App Development Project

The pricing of apps has become extremely competitive today. So many freelancers and companies are ready to build one for you. From choosing the OS to the developer, a number of variables are involved in determining an approximate cost. Furthermore, quality testing is to be performed after which publishing takes place. Additional features imply additional charges. To overcome confusion, people generally follow one of two methods to determine overall pricing.

Here are two recommended pricing methods which can help you with your mobile app development project.

Mobile App Development Price-Fixed-Price-Hourly-Rate

Fixed Pricing:

Here, budget and timeline are estimated and fixed in advance.  All features, functionality, and platform are to be pre-decided and clearly explained and understood before an agreement with terms and conditions is signed by both parties.

Advantages:

Mutual understanding is attained between developer and client. Budget is worked-out and price is fixed. So, you don’t have to about any extra charges and app will be delivered within a set deadline.  Simple ones that need not require step-by-step monitoring and guidance are best suited for this method. Moreover, if you have a crystal clear idea with respect to all variables involved, this method is the best way to go.

Disadvantages:

Scope for modifications is very limited. No changes are allowed after agreement between you and developer. Therefore, it is risky as quality may be compromised. You can’t expect developers to cater for minor corrections under the same agreement. Extra charges will be applied.

Hourly Rate Pricing:

Here, price is not fixed before-hand. You will be charged on an hourly basis and it varies from region to region. Flexible routine allows you to make alterations in features and functionality during the development process.

Advantages:

If you can get the app developed in a short span of time, expense reduces. The client can get involved in the development process and give inputs from time to time. Any unnecessary feature can be removed along with its charge. Developers will not rush the project as there isn’t any deadline to complete it and hence, quality is retained. This method is most suitable when you’re keen on testing and validating the app.

Disadvantages:

If there’s any delay in the process, product delivery is also delayed and in-turn expense will shoot up. Since the price is not fixed, you won’t know the exact investment required. So, you’ll have to be ready to face an exorbitant amount.

At the end of the day, it all depends on your requirements to determine which method suits best. If you have a well-defined idea about all aspects of the app, you can go ahead with fixed pricing. On the other hand, if you are focused on testing and validating, hourly pacing suits best. Openwave is an exemplary mobile application developer. Hire us to avail top-notch solutions, today! Ring us @ +1(212) 209-1537

4 Ways To Secure Your Mobile App With Blockchain Technology

One of the most benefitting results of information technology is the genesis of blockchain. It is a list of records which can be distributed but not copied, rendering it robustness when dealt with intervention or hacks. This throws light on potential use of blockchain technology as an effective means to protect mobile applications from security threats.

Blockchain App Security

Here are 4 ways how you can secure your mobile application using blockchain technology.

1) Employing A Decentralized System:

One big advantage of this platform is its decentralized method of working. Everyone will be able to access information in real-time and any sort of suspicious activity can be spotted. This allows data to be transparent and secure at simultaneously. It has never been this easy to detect hacking in the history of information technology.

2) Transferring Brand Infrastructure:

Since it is decentralized, you can confidently shift core targets of your brand architecture to safe blocks. Developers can store DNS entries with assurance that even the government can’t lay hands on the information. This kind of security is impossible to attain through any other technology as of now.

3) Use SSL Certificates Instead Of Passwords:

SSL certificates are small data files that hold information related to company details. They eliminate the need of passwords by behaving like keys to access secure connection from web servers. All you need to do is install it on a web server and you are sorted. This kind of ease of access is again a big bonus when it comes to this platform.

4) Store Information In Blocks To Prevent Identity Theft:

Data is not stored in the server but in each block of the chain while the user is enabled with private key encryption. This makes it impossible for hackers to rob identities. With this sense of safety and protection, users will undoubtedly trust security provided and hence value your app more.

Therefore, this highly capable technology is able to potentially improve security of mobile applications and make them increasingly robust. If you are interested in employing such an impenetrable foundation for your mobile application, reach out to Openwave to hire the leading blockchain developers of New York.

4 Reasons Why A Mobile App Is Important For Your Business This Holiday Season

The holiday season is here. It is time for bonding, sharing, loving, and especially, shopping! From mid November, till the year end, the mood for festivities takes a seat in everybody’s mind. From Thanksgiving to Cyber Monday, to Christmas – the jingles are all over the town! This season is an incredible time for your business as well. Statistics suggest a steep hike in purchases, be it product or service, during the holiday season.

MCommerce-App

With a mobile app for your business, during this time of the year, your venture will skyrocket. Here’s how a mobile app will help immensely this season:

1) Sale Notifications: It is impossible to ignore the pop-up, drop-down notifications on smartphones. Mobiles are indispensable today, and almost everyone has a smartphone! With billions of users on this platform, a mobile app is a better market than any other, for businesses small and big. You can advertise your services through notifications, which are bound to be seen by every user!

2) SMS Marketing: Marketing your products through SMS is an incredibly smart and cost-effective idea. Statistics reveal a massive 63% usage of mobiles when compared to computers. With such a tremendous ratio, isn’t it obvious that smartphones are the best device? With a mobile app, you can send messages to your customers, about your products, discounts, and coupons!

3) Effortless Purchase: Holiday season is for spending time with the family. Though shopping is a family activity, it is incredibly tiresome. Especially during the holiday season, the crowd is unbearable and by the time you’re ahead of the line, the product is sold. Mobile apps simplify the purchase and let customers spend more time enjoying the festivities!

4) Increase In Audience: The sales during the months of November through December, till mid January, are phenomenal. This time is very precious for businesses! The season of gifting is a joy for the person giving, the person getting it, and for you – the one selling! A mobile application will drastically multiply the audience your business sees, through convenience, and efficiency.

Let a mobile application be the gift your business gets this holiday season. You will see a boost in sales, a larger audience, and an overall buttery flow of products and services with a well-made app! Learn the best way to boost your ecommerce app sales today, call Openwave! Get a killer retail app made in no time and happy holidays!

Factors Leading To The Development Of A Finance App

Technology is no longer an option, advancement is compulsory! Mobile app development is one such mode of advancement that is growing viral. Every field today – healthcare, education, entertainment, etc., has embraced technological growth and is flourishing majestically. Finance is one such field which is gradually embracing advancement and delivering stellar outcomes. From banking agencies to educational institutes, everyone handles finances and an app will simplify the ordeal hugely.

Businessman Using A Financial App On His Smartphone And Connecti

There are several benefits of developing a financial app:

1) In-Depth Analytics: Users require an app to simplify the sophisticated processes. Having a finance app, they can check through bank accounts, deposits/withdrawals and overall transactional details in a glance. Additionally, features like interest requirement, ROI, etc., can be provided to users through the app, making it almost like an online bank!

2) Push Notifications: Some users hate advertisements, while some find them immensely useful. Push notifications are one way of gaining the interest and attention of these specific users. You can deliver important messages via these to users and either personalize it or give what’s most required.

3) Reeling In More Customers: An app doesn’t stagnate as such. With an app, you can multiple your customer-base hugely. For every 10 people that download it, one is bound to recommend it to another. This way, a plethora of customers can be obtained seamlessly through an app!

4) Efficient Customer Support: An app can serve as a mighty efficient platform for customer support. From FAQs to personal queries, there are a number of problems you can resolve through an app, saving users a lot of time and the trouble of hunting answers.

One mobile application can cater to multiple problems! With a good app running, you can not only grow your business but resolve a number of user problems at the same time. Want to get a killer financial app made? Call Openwave! Our app development team is phenomenal and will deliver world-class service!

How To Develop A Blockchain Based App

With the increasing relevance of blockchain development, every business wants to avail its features! The days of worrying about security are gone. With this stellar advent, every business can rest assured as their website and services are profoundly protected within blocks that can’t be broken into! Security aside, blockchain houses an array of other advantages like decentralization, transparency and an increased efficiency.

Blockchain concept as futuristic idea of database - 3d rendering

Wondering how a blockchain app is developed? It can be done in three ways:

1) Use A Predefined Creation Platform: The easiest way to get a blockchain app developed is by employing a platform. Several means exist – like Ethereum, Open Chain, Hyperledger, etc. These platforms are efficient, versatile and mighty convenient to use. It provides a predefined network with servers and tools at your disposal.

2) Set Up Your Own Network: A little similar to the above process, by deploying your own network, you will be restricted to employ open-source facilities only. By working on an already existing network, your time is saved which would otherwise be wasted on developing a new network. Additionally, using a predefined platform will cost you a fee, which is incurred per smart contract used! Setting up a network eliminates this cost.

3) Work On Everything From Scratch: This method is very time-taking, but pays off! Building a blockchain network from scratch will need you to create an app using programming languages like C, C++, and Java etc. There will be projects where the requirements are very specific; for such cases, building things from bottom-up is the best choice. However, this process is expensive and long!

Fascinated by blockchain app development? Secure your business today! With its decentralized nature and complete transparency, security is guaranteed. Call the best blockchain app developer – Openwave, and get yourself a stellar app made! +1(212) 209-1537