With the development of the Fintech industry, companies are increasingly facing the need to develop and maintain mobile applications for their users. Choosing the right technology to develop such applications is an important factor.
Flutter, developed by Google, is one of the most popular and effective frameworks recently. In this article we will look at examples of Fintech applications that use Flutter to implement as well as reasons why Flutter is ideal for creating Fintech applications.
Intro to Flutter: what Fintech applications is it used for
The Fintech industry includes a wide range of innovative products and services that simplify and improve financial transactions for companies and users alike. That's why Flutter technology is actively used in this industry, since it gives an opportunity to efficiently and quickly create high-quality cross-platform applications for mobile devices.
Fintech applications examples that can be developed with Flutter
- Mobile Banking Apps. Apps from traditional and online banks that allow customers to manage their accounts, transfer money and pay bills using mobile devices.
- Digital Wallets. Apps that allow users to store their credit and debit cards in a secure digital format to make payments in stores and online. Examples: Apple Pay, Google Pay, Samsung Pay.
- P2P payment systems. Applications for instant money transfers between users, usually for free or a small fee. Examples: Venmo, Zelle, Cash App.
- Credit platforms. Services that offer loans and credit to consumers and businesses from alternative funding sources. Examples: LendingClub, OnDeck, Kabbage.
- Mobile payment systems. Services that allow users to make payments and transfers via mobile devices, such as PayPal, Venmo, Apple Pay, Google Pay and Samsung Pay.
- Cryptocurrencies and blockchain. Technologies and platforms that use distributed registries to create new types of financial instruments such as Bitcoin, Ethereum, Ripple and others.
- Crowdfunding. Platforms that provide alternative funding for entrepreneurs, startups, and loan-seekers by raising funds from private investors or lenders. Examples: Kickstarter, Indiegogo, LendingClub, Funding Circle.
6 advantages of Flutter for creating Fintech applications
Speed, flexibility and the ability to create cross-platform applications from a single codebase make Flutter the most popular technology among app developers. Let's take a closer look at the benefits of Flutter for the Fintech industry.
Cross platform ability
Cross platform ability is one of the key advantages of Flutter. It allows developers to create apps for different operating systems, such as Android and iOS, using the same code. This leads to significant time and resource savings, especially important for startups and companies with limited resources. In addition, Flutter's cross-platform nature reduces time-to-market, which is a critical factor for success in the fast-changing world of Fintech.
High performance
Flutter uses the proprietary Skia graphics engine, which provides high performance applications across multiple platforms. This is especially important for Fintech applications, where delays and performance issues can lead to lost customers. In addition, with Flutter, developers can implement complex animations and designs without sacrificing application speed.
Large widgets and tools
Flutter provides a diverse set of pre-installed widgets and development tools. This allows developers to easily implement complex functionality such as embedded payments, authorization, analytics, and other features that are important for Fintech applications. Thanks to this, it is possible to focus on creating a quality user experience and introduce new features quickly.
Easy integration with existing systems
Fintech companies often deal with a large number of existing systems and infrastructures, such as payment gateways, banking systems, and identity services. Flutter facilitates integration with these systems through plugins and packages that provide access to native APIs. This allows developers to quickly and easily connect to various services and provide reliable and secure interaction with them.
Open source and an active community
Flutter is an open source project, which means it is free to use and modify. This reduces the cost of implementing the technology and ensures transparency and reliability of the code. In addition, Flutter's active community of developers is constantly working to improve the framework and create new plugins, allowing Fintech companies access to the most advanced solutions and best practices.
Improved security
Security is a critical aspect for Fintech applications as they handle sensitive user data and financial transactions. Flutter offers several built-in tools and practices to help secure the application at all levels, from authentication and authorization to data storage and server communication.
Flutter's benefits to the Fintech sector: conclusions
Flutter is a powerful and flexible mobile app development framework that is well-suited for Fintech companies. Its cross-platform nature, high performance, large set of widgets and tools, easy integration with existing systems, open source and active community make Flutter an attractive choice for quickly building robust, secure and functional Fintech applications.
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