React Native - the best choice for Fintech apps
Smartphones aim to make lives easy. Major industries flocked to develop mobile applications to reach their customers quicker. One of them is the Finance Industry.
Finance meets technology, which is the base of Fintech apps. These exist to make financial tasks like online transactions and investments faster, more user-friendly and secure.
Making a mobile application was a time-consuming and costly affair because each application needed to have at least two versions for Android OS and iOS. Therefore, the rise of React Native was a dream come true for mobile app developers.
What is React Native?
Why is it the best choice for Fintech apps?
The gradual introduction of services like net banking and electronic trading over the years points to this shift that was always coming. The current rapid rise for Fintech apps demanded a system that delivers fast.
React Native answered this using a set of code that can run on Android and iOS. This enabled simultaneous high-speed development of applications for two major operating systems in smartphones. A good React Native app development company can get you fast yet secure apps.
One Code, Many Uses
Its cross-platform functionality is a boon to developers. Gone are the days when they had to go back to the drawing board and cultivate a fresh app. One developed codebase can work on both the major mobile operating systems.
This shared code handles all the differences of UI and navigation between the two, offering a consistent app. Finance applications collect and use users’ data to learn and become the best version of themselves. The ease of updating these applications ensures you are always ready for the changing future.
Savings on Development
Every decent React Native app development company aims to deliver the best results while being easy on the pocket. With the help of this framework, they don’t have to develop the application again, slashing the cost by almost 40%. Less working hours on a project leads to lower costs that can be paramount to getting new clients.
The savings don’t end there. Allocating fewer people to work on a particular project brings down its cost and frees others to work elsewhere.
Fintech apps use features like GPS and Bluetooth to enhance the safety of transactions. React Native lets you smoothly integrate these features with the applications.
It also comes with browser extensions and good designing & debugging tools.
Mobile applications in this industry are a long-term investment. Trust was always the cardinal issue.
Besides these benefits, React Native is comparatively easier to learn than others like C++ or Ruby. This is not the perfect solution, but the advantages outweigh the downsides.
Connect with a React Native app development company like Tech9logy Creators to turn your idea of a Fintech app into reality.