Five kinds of financial apps you can build
Having a website in today's digital world is not enough. If you want to rise above the competition, then you need to develop a mobile app. These come in all shapes and sizes for all industries. Our financial app development company believes the trick is creating an app that solves a customer's problems.
Many financial institutions look to create apps that make managing money easier. Mobile apps have made such a huge impact on this industry that 6 out of 10 mobile users say they prefer financial apps over websites. If you want to build a mobile app for your finance company, our financial app development company wants to share some app ideas that will appeal to your target audience.
Why developing a financial app is beneficial for your company?
Mobile apps, in general, are a good investment for any company. Apps provide plenty of benefits for businesses like adding value to customers, increasing brand awareness and saving your company money in the long run. You can provide value to your customers by building a useful app that will help them become loyal customers. This loyalty can then increase brand awareness as well.
People who use your app and enjoy it can recommend it to family and friends, thus increasing your brand awareness. If you are looking to save money, building an app can help eliminate unnecessary transaction costs and give you a free direct marketing channel. The benefits are endless; just ask our financial app development company.
Five kinds of financial apps you can build
Budgeting apps
A budgeting app is a mobile application where a user can create a budget, track income and manage spending. These apps assist users in paying off their debt, monitoring net worth and automating saving goals. When designing a budget app, make it easy to use and give users accurate information on how much money they should have available to spend each month. Some examples of budget apps are:
Investment and trading apps
An investment app, also known as a trading app, can assist in simplifying the investing process for users via the brokers' unification. Typically, these kinds of apps offer advisory services. As you design this kind of app, be sure to include features like registration, linking to bank accounts, payment options and dealing with stocks. Some notable investment apps are:
Money lending apps
A money lending app or cash advance app allows users to borrow money before their next paycheck. When developing this kind of app, be sure to include registration, loan management, payment, billing, transactions, EMIs, transfer and withdrawals. Some examples of money-lending apps are:
Money transferring apps
A money transfer or peer-to-peer (P2P) money app allows users to transfer money from person to person inexpensively and securely. All you have to do is connect your digital wallet to your credit card or bank account. Notable money transfer apps are:
Credit score apps
A credit score app is a mobile app that allows users to check and monitor their credit scores. One reason these kinds of apps are popular is that they can help users detect any fraud in their credit reports. It sends alerts directly to their phone. Some examples of credit monitor apps are:
Develop one of the apps listed above with the best financial app development company!
At Denver Media Group, we provide financial app development and maintenance services that offer banks and financial institutions the freedom and cost-efficiency of reliably outsourcing the maintenance and enhancement of their financial solutions. Contact us today to start developing the app of your dreams.