5 key features for a successful financial application

When we are asked about money transfer app development, most often we are talking about the key features for the interface. In addition to the obvious functionality for transferring money and a payment gateway to protect your data, you will need a few more elements that are often overlooked. We have compiled a list of 5 key features that you also need to pay attention to when developing fintech applications.

Registration form

It's the first thing a customer sees when they download your app. Our main advice is not to make the form too long and detailed, because no one wants to spend more than 5 minutes on registration. Ask the user for their name, phone number, and email address. Everything else, including a bank account, can be added later, before making the first transfer.

Safety

There is no need to be shy when it comes to finances - users need to know that their personal information and payment data are safe. The first step is to think about the security of entering the payment system. Typically, apps use a 4 or 6 digit PIN, as well as biometric technologies like TouchID or FaceID. Secondly, when transferring money, some services send SMS with an additional code to confirm the transaction. We also recommend adding a two-factor authentication function - when registered users log in, they will need to enter a code that comes to a phone number or email.

Access to contacts

This feature greatly simplifies the transfer process - users simply select a number from their contact list and send money. Very simple, without unnecessary information and headaches.

Notifications

This feature helps inform the audience of the app about their current balance and completed translations. Let the user decide how he wants to receive information: through a push notification, in-app messages, SMS or email.

Support

How to develop a financial application that is convenient and easy to use? Chat with customer support is crucial. Your application will manage users' finances, and they will definitely have many questions about how everything works and where the money goes. No one wants to send an email and wait hours for a response, so the support team needs to have an in-app chat, work 24/7, and answer frequently asked questions quickly.

How to choose a developer for a financial application

How to find a reliable developer who can be trusted with an idea? There are 3 easy ways to check the developer before signing a contract.

- Type in the name of the company in Google or Yandex and take a look at the first two pages. Yes, it sounds too simple, but if the developers have some kind of stain on their reputation, the search engine will immediately tell you about it;

- Check reviews. For example, if the company has an office, then you can check reviews on Google Maps. Some developers (including us!) collect customer feedback in a separate section on the site. To see our experience, simply search the "Projects" tab on purrweb.com.

- Check out the developer's portfolio on Dribble or Behance design resources.

Another tip is to trust your intuition. If something bothers you about a developer's reviews or previous experience, it's best to keep looking until you find the right one.