Develop FinTech App For iOS and Android

Developing a fintech app takes incredible effort and time, and you want to make something unique. The great news is that with the correct approach and software development kit (SDK), you can achieve the goal more quickly, which is more than your expectation. In this guide, you will learn how to create the fintech app for iOS and Android platforms and also cleverly build the app from scratch.

What is Fintech?

Fintech, a short term, refers to financial technology. Financial Technology is the web or mobile application aiming to enhance and streamline the delivery and utilization of finance services.

It helps companies, businesses, and other organizations manage their financial operations using particular applications and algorithms that quickly work on smartphones or computers.

Nowadays, almost all financial operations operate in mobile applications. That is why businesses moving towards digitalization. Businesses now started running their own mobile apps for fintech businesses. So, it is essential to have your own digital mobile app. Flutter agency has a team of Flutter developers who are proficient in developing robust fintech mobile apps using the flutter technology that matches your requirements.

Which are the types of Fintech applications?

  • Mobile payments
  • Insurance apps
  • Cryptocurrency apps
  • Neobanks
  • Wealth and investment apps
  • Personal finance apps

Which are the steps to create a Fintech app?

1. Select your niche and ensure the legal compliance

If you are planning to develop a fintech mobile app, the first is to choose the niche. You could focus on multiple areas, from payments to investment to personal finance. After deciding on the niche, make sure that you comply with all the relevant regulations. It could be a complicated process, but it is necessary to ignore the legal trouble.

2. Define the monetization model

To generate revenue from your app, you are required to monetize. There are multiple ways of this process, but the most commonly used is via in-app purchases. You can offer them subscriptions, advertising, or paid models. Whatever mechanism you select will align your entire business model and not take away your users.

3. Design UI/UX

Whenever we decide about Fintech app development, then UI/UX design of mobile is the crucial aspect. The interface of the app must be clean and easy to use. The well-known fintech apps in the market are fast, secure, and efficient.

The color scheme of your app must be professional but eye-catchy. Choice of the font is also vital, so use the sans-serif font, which is accessible in terms of readability.

Consider the icons and illustrations to include visual interest and aid the user via your app interface.

4. Develop MVP

A minimum viable product (MVP) is the previous version of your app with limited features. However, the functionality must be sufficient for the users to test an application.

Launching an MVP permits businesses to experiment with several aspects without much expense and get the highest bang. Besides, it leaves several opportunities for constant adjustments before deploying as a final product.

5. Development Approach

After creating your vision, you must choose a suitable technology and platform for your firm. The tech stack is directly connected to your system specifications and project complexity.

The choice of technology will be based on the following factors:

  • Functionality of app
  • Scalability and flexibility requirements
  • Market Timing
  • Requirements for the load on the system
  • Platforms opt
  • Need of security
  • Goals of automation

If your team has intermediate to advanced functions, the developers must give more time to creating a system. On the contrary, a simple solution is easy to construct and requires few resources.

6. Support and Improve the app

A guide to mobile app development gives the idea that it is not as easy as it looks. It needs a lot of hard work, creativity, and dedication. A process of development did not go out when a release of your product came around.

Maintenance of your app is also essential to ensure that it is user-friendly and competitive. Due to the constant change in the fintech industry, routine maintenance tasks are crucial to keeping up with changing technology and user needs.

7. Launch, feedback, and improve

When you are available to launch your fintech app, get feedback from the users and use them to improve the app. Suppose you are developing an app for budget, payment apps, an innovative insurance application, or any other type of financial program. In that case, the likelihood of completing is so tricky.

Software integration is a variable process, so be ready to review a project repeatedly for improvements and optimization.

Which are the examples of Fintech app?

a. Chime

It is the fastest growing challenger bank in the U.S., and the company focuses relentlessly on helping our members to get financial peace of mind. It has all the prime features that users can appreciate. Americans are selecting this due to transparency, without any fees. It also delivers automatic multiple saving options or uses the ATMs without cost.

b. Robinhood

Robinhood app is an online stock brokerage firm that authorizes you to invest in stocks, ETFs, and cryptocurrencies without commission. It permits users to invest in public companies and exchange-traded funds listed on the U.S. stock exchange.

What is the cost to develop a Fintech app?

There is no accurate cost for any apps. A cost is dependent on the features like:

  • Complexity and functionality of your app
  • Platform
  • Quantity and type of integration
  • Dashboard and animation
  • Unique and innovative features

An MVP helps you to make plans for future development budgets and also helps you to understand the core capabilities.


Every industry is investing in the development of the custom mobile apps. By providing the customer’s ability to access their services through an app, you can make them feel convenient and comfortable. If you are ready to face the challenges of an on-demand app.

Frequently Asked Questions (FAQs)

1. How many categories are there in the Fintech app?

Usually, there are four kinds of Fintech areas: Blockchain, payments, digital wealth management, and digital lending.

2. How is Fintech helpful to a user?

With the fintech applications, people know how to manage their money and debts. Apps help them better understand their spending habits and finances and suggest how to save money.

3. Are fintech apps good for the performance of the bank?

The innovation of Fintech will help the banks to expand their business and improve overall performance.

Connect with us

Nirali Patel

Written by Nirali Patel

Nirali Patel is a dedicated Flutter developer with over two years of experience, specializing in creating seamless mobile applications using Dart. With a passion for crafting user-centric solutions, Nirali combines technical proficiency with innovative thinking to push the boundaries of mobile app development.

Leave a comment

Your email address will not be published. Required fields are marked *

Discuss Your Project

Connect with Flutter Agency's proficient skilled team for your app development projects across different technologies. We'd love to hear from you! Fill out the form below to discuss your project.

Have Project For Us

Get in Touch

"*" indicates required fields

✓ Valid number ✕ Invalid number

ready to get started?

Fill out the form below and we will be in touch soon!

"*" indicates required fields

✓ Valid number ✕ Invalid number