Cross-Platform for FinTech Industry: 8 Innovative Features for Banking Application Development


Written by Hemendra Singh on October 22, 2019 | Updated on: October 24, 2019


Cross-Platform for FinTech Industry: 8 Innovative Features for Banking Application Development

What is Fintech Software? What Fintech Companies Do? A bunch of such questionnaires is trending in the Cross-Platform App Development. As the name points, FinTech stands for software that gives a radical or software approach to the financial sector.

Cashless transactions, easy and quick transfers, digital currencies, etc. are a few examples where Cross-platform app development services are required. To give away this freedom FinTech Industry is giving its best from head to toe level.

Actually, Cross-platforms are software that will not cause any trouble while running on any platform. These are so dynamic and efficient that it will cost you less time, more functionality, good output returns. Thus, let us take a glance over some of the legacy Cross-platform App Development Companies.

8 Innovative Features That Banking Application Drives To A Company

Financial sector has undergone drastic technological shifts in a comparatively short span of time. The shifts have been incorporated because of Growing Technology, Customer Demands, etc. Seeking the need to move one step ahead, banking operations these days are operated by mobile applications.

  1. 1. Simplified User Experience

    The core of FinTech software is aimed at developing simplified user experience. The obscure process like financial process, micro-investing, foreign currency transfers and POS sales, have become possible only with the help of simplified dashboards. 

  2. 2. Accessible Analytics

    Fintech app is also demanded because of the transparency between user and client. The FinTech application or software gives a bird’s eye view from the user side to the client-side. It develops trust and assurance working with safety.

  3. 3. Integration with Other FinTech Apps

    There are segments covered under the Fintech app sector. More integration and lesser problems. FinTech Applications play a prominent role in determining the integrations that have to be done.

  4. 4. Cross-Platform Functionality with Devices, PWAs and IoT

    Cross-platform suitability is necessary for making the fintech apps appeals to millennials. It doesn’t mean to perform functions on various platforms but solving the day to day needs of the clients.

  5. 5. Increased Focused on Added Value for “Traditional” Banking Apps

    Basic customer needs will always remain the same. But fintech industry and the software so developed are continuously becoming dynamic in nature. The banking functions will always remain unchanged and so the focus should be done on adding some extra functionalities in the Traditional Banking Apps.

  6. 6. Artificial Intelligence

    The FinTech apps are developed so well that they can artificially understand the needs of customers. The AI implementation in the fintech software industry is drastically changing day by day.

  7. 7. Blockchain Security 

    Blockchain is the security measure adopted to allow immediate, secure sharing of data across platforms, etc.

  8. 8. Personalization

    Each and every section seeking the needs of more personalization. As the user wants preference in each scenario. A FinTech expert Henri Arslanian says that few people actually enjoys banking. Each and every user wants to have personalized features in the software.

FinTech & Banking App – Which Applications Are Best?

FinTech Industries has come out with some cool solutions to the single framework problems. Earlier, the mobile applications were running over a single platform i.e. Android or iOS or other. But now, especially for the banking sector, cross-platform app developers have created an era where one can have ease of accessing any banking software at any interface.

The software that builds for the Financial and Banking industry has some specialization which a normal entrepreneur software cannot give. Hence, considering the need for expertise, FinTech Industries created Cross-platform applications.

Here we are discussing the Top FinTech & Banking Applications developed so far for better banking functionality and customer ease:

  • Mint:

    If you’re among those who wish to save their time in keeping records of their Dues, Bills, etc, then this fintech app can do so. It will keep a better record of your Bills, Budget and keeps you on top of the Finances.

    You can jell up with this application very easily. The best about about the app is, You need not bear the pain and will keep you updated for your Incomings & Outgoings. Talking about the security feature then Mint will definitely steal the show.

    The data stored in the application is encrypted with 256-bit encrypted protection and exchanged data with 128-bit SSL.

  • Revolt:

    This app is available for both Android & iOS users. It is power-packed with lots of meaningful and practical features. In real-time, you can open your bank accounts, deal with currency exchange in 28 forms.

    The crucial feature which makes Revolt stand out in the list is Free Transactions in around 130 currencies, Free Debit Cards with global delivery and ability to purchase or trade cryptocurrencies.

  • Trigger:

    If you are among those who have invested in the Stock Market then this application can be a saviour. The basic function of the app is to give intimations that are likely to tell upon the stock market. Eventually, it is not connected with any monetary operations but still it gives the best output possible.

  • Coinbase:

    In FinTech, the application is making its existence in a very quick way possible. With the help of these users can navigate the world of blockchains and cryptocurrencies. Coinbase is the easiest application one can use. You can keep records of your cryptocurrencies easily.

  • Acorns:

    Problem with Money Management? Then Acorns will definitely help you out in this. It has wonderful programming that keeps records of your savings and let it work for you. The application invests your money in a wide range of opportunities.

In this way, the FinTech is spreading its roots in the Banking App sector. The applications so developed not only time-saving but are money saviours also. You can also customize your application and its features according to your business after consultations with developers.

FinTech Software Development Field With Much Money

A report has been prepared with an estimated earning of the FinTech sector for the year 2021 and that shows US$6,962,224m. The amount can also increase as the bank or financial sectors are shifting towards the Digitalization.

The process is being undergone to retain the customers and make more customers for tomorrow. Another prospect of this rapid shifting is to make more money. Hence, here is the list of Top 10 Fields which leads to High Earnings.

  • Payment/Billing Software:

    Digital Payments has become part of the cross-platform mobile app development as the user is not interested in paying cash over doing online transactions. Thus, this field has its own benefits for users if considering the online payment then he/she will definitely demand an app which gives them this access.

    Also He/She will also prefer such apps which can run easily on their android or iOS and other platforms. In this way, cross-platform app development has more cash.

  • Money Transfer/Remittance:

    Digitalization is changing the way people conduct the transaction. Earlier cash was the priority and now it is completely online. Offcourse, Money Transfer sitting at home or at any of the place to other person can save your time and efforts too.

    With the help of FinTech software or applications, the user can exchange or transfer their money while relaxing at any of the places. Money remittance, the transfer also has a huge amount of money if done right.

  • Digital Banks:

    According to an estimation, approx 60.2% of the population has been shifted to bank digitally from 2018. Development of digital bank for quick and easy transactions also plays a pivotal role in earning good numbers.

    Each bank offers online services which are build with cross-platform apps. These applications are designed to provide a gateway to the users to perform each and every activity online. The best example of digital bank can be the Atom Bank which is totally digital.

  • P2P lending platforms:

    Digital Lending is among the key fields in the fintech software development. The major activities it follows:

    • – Involving new audiences of borrowers
    • – Using multiple channels to target the new implementations
    • – Deploying intelligent algorithms
    • – Using automation and AI for underwriting process
  • Crowdfunding:

    Most of the crowdfunding platforms are available in the US & UK regions. Total crowdfunding is estimated at around 16,2 bn$. It is usually organized via the Internet and the major activities involve:

    • – UI, UX
    • – Payment integration, etc
  • Blockchain-Based Solutions:

    Blockchain is basically a decentralized ledger distributed among several members. The transactions are recorded within the application. It is utilized for the following cases:

    • – Capital Markets (streamlines trade process)
    • – Cross-border Payments
    • – Insurances
    • – Regulatory conflicts and audit
    • – Anti-Money Laundering
    • – Peer-to-Peer Transactions
    • – Loyalty & Rewards Programs
  • Regtech (Regulations/Risk & Compliance Management):

    • – Risk data collection
    • – Modeling, and predictions
    • – Monitoring payment transactions
    • – Identification of clients
    • – Identification of legal persons
    • – Payment transactions monitoring
    • – Trading in financial markets
    • – Finding new regulations

Many companies are investing or gaining huge cash in the fields given above through Fintech Cross-platform App Development. The need of FinTech Software came into existence for making each and everything complex to easy and win consumer trust with utmost transparency.


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