Fintech Blockchain Software Development

Reasons why Blockchain-powered Fintech is a Powerful Investment

Blockchain is poised to change many of our daily operations. It is already benefiting fintech & banking startups that are utilizing it’s potential, but this model isn’t just limited to finance-related services: it will be able to offer other businesses support as well.

This Fintech report by PwC revealed that the players on the market still underestimate possibilities of blockchain. The survey revealed that while 56% acknowledge its importance, 57% say they are unlikely to respond to this trend 83% of the surveyed are somewhat familiar with

How blockchain technology can help your Fintech business

The global FinTech Blockchain market size is growing at a rapid pace. It is projected to grow to $36.04 billion by 2028, rising with a CAGR of 59.9% between 2021 and 2028.

The outline of this market is boosted by the increasing need for faster, cheaper international payment methods that also offers increased compatibility with the financial services industry ecosystem. The main factors driving this industry’s growth are complete security mechanisms, and generally faster transactions.

The world of small and medium sized businesses is changing, but not without its challenges. The adoption of the latest technology among these enterprises, such as blockchain solutions for those that want to streamline their business processes and manage their finances more effectively with added transparency, is expected to grow in popularity.

Fintech Blockchain Software Development Steps

Empathizing

  • Defining and understanding the participants and roles in the product being created – in the development process and in the target solution
  • Defining and understanding the end user

Problem definition

  • Defining the problem that exists in the market for a given user profile
  • Frame your problem statement according to specific users

Ideation

  • User story mapping. Defining the Product Backlog (scope of work) with the help of User Stories describing the processes
  • Sketches (low fidelity) presenting the user flow in the application
  • Definition of processes interacting with other modules

Building prototypes

  • High fidelity wireframes visualizing the graphical interface
  • Extending mockups with a clickable prototype
  • Database structure. Database model describing table and field structure

Fintech Blockchain Software Development Services

Trading Platforms

Automated trading solutions are designed for brokers, traders, asset managers, and various financial institutions as well as any other customer who trades on a regular basis.

These platforms are fully automated with no human intervention required whatsoever. They analyze information for all stocks available on public exchanges and then automatically trade based on their analysis.

The main advantage of these programs is that they do not require high-speed connections to work effectively. They can be used just about anywhere in the world with an internet connection.

Internet of Things in FinTech

The Internet of Things (IoT) is rapidly evolving and has expanded into various industries, including the financial industry. Artificial intelligence-enabled devices are one of the most common ways to connect to the IoT.

The Internet of Things (IoT) is a network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and network connectivity that enables these objects to collect and exchange data. IoT solutions are becoming increasingly popular in the FinTech industry for various reasons.

Banking Integrations

Banking APIs are an important part of the banking ecosystem. With these APIs, fintechs can connect with banks for data and use it in their own applications. Banking integrations are necessary for fintechs to grow.

The integration of finance and technology has been a huge boon for different aspects of the banking sector. The ROI of banks has been improved tremendously as a result. Now, more and more banks are adopting the latest fintech trends to offer better customer service and make their operations easie

They recommend us

Budlex

From the beginning, GMI was able to anticipate possible risks and interruptions. The design environment was adapted to our working mode and was simple enough for the product owner to meet his requirements and those of the development team.

Thanks to the great attention to the quality of the code, the project was delivered on time and there were no internal complications associated with the product development. However, there were external complications (service providers), which GMI helped to solve with us.

See Case Study

Coders Lab

With the greatest pleasure and full responsibility, we recommend GMI as a professional contractor for web applications and CMS systems. We chose GMI primarily because they approached our inquiry very professionally. Very fluent contact at an early stage of talks announced that the implementation would be equally efficient and it actually was.

If there is an opportunity in the future to jointly implement another project, we will definitely use the services of GMI again.

See Case Study

Q2 Smart Lockers

I have worked with the GMI Group on many projects over the last 4 years. I have always been satisfied with the quality of the commissioned works, which were made by Mikołaj Lehman and his entire programming team.

GMI has unique skills to translate ideas into reality. They are very efficient, discreet and, above all, trustworthy.

See Case Study

List of tools that we use for Fintech blockchain software development

Technologies we use

Start working on your Fintech App right away!

     
    Need NDA first? E-mail us at info@gmihub.comGMI needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at anytime. For information on how tu unsubscribe, as well our privacy practices and commitment to protecting your privacy, check out our Privacy Policy.