Fintech Wizard Michael Zetser Shares Secrets to Find the Best Fintech App Development Company

Sep 17, 2023

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As the fintech entrepreneur Michael Zetser, points out, the emergence of fintech has enabled many businesses in the financial sector to record exponential growth. Traditional financial services have been automated and improved, thanks to fintech and almost every institution is now using fintech solutions for enhancing their clients’ experience. This not only helps them in streamlining their business operations, but also gives them an edge over their competitors.

Therefore, any business that is not taking advantage of fintech apps and solutions is missing out on many opportunities and may not be able to keep up. The problem is that since there are numerous fintech app development companies, it can become daunting for businesses to choose one that can fulfill their requirements and design an app according to their expectations and needs.

Since fintech apps can help businesses in broadening their market reach, increasing sales and engagement opportunities and empower them to offer better security and customer experience, it is essential to choose a suitable app development company. Michael Zetser has shared some of the factors that should be considered for making the right choice.

Client ratings and reviews

If you want to assess the capabilities of a software development company, you can check the ratings and reviews they have received from clients with whom they have worked before. But, this does not mean that you rely solely on the word of the app development company itself. You should also reach out to the clients personally and ask them about their experience. This will help you understand what to expect when you choose the company in question. You can also figure out if they have the experience of working with different tools, how they communicate and the quality of their work.

Experience

It is a good idea to give preference to a fintech app development company that has prior experience in developing different applications for the fintech space. You should take a look at their app portfolio before making any commitments. A look at their portfolio can reveal what kind of experience they have in terms of UX/UI designing, project delivery, API integration, backend development and a number of other important aspects.

Expertise

According to Michael Zetser, the priority of a business should be to find a company that has expertise across the fintech app development strategies, trends and technologies. This is due to the fact that fintech app development can be a very complex process. Developers with the necessary expertise will be able to overcome any complexity that arises during the development process and provide efficient and effective solutions.

Communication

Knowing how the fintech app development company communicates is also a must before you come to a decision. An effective communication process ensures that the final result is according to expectations and there is no disappointment down the road. A good and professional fintech app development company will keep you updated at every phase of the development process to prevent any problems. There are a number of channels that can be used for communication, such as emails, in-person meetings, video conferencing and instant messaging.

Support and Maintenance

Fintech experts like Michael Zetser recommend that you work with a company that can provide you support and maintenance services post-delivery of the fintech app. This is because apps require maintenance and updates because there can be glitches. If you do not get the necessary support, it can impact your customers’ experience and tarnish your reputation.

Cost

Another major factor that should be considered for choosing the best fintech app development company is the cost. You will find numerous companies that offer their services on a budget, but you should also try to avoid the low-cost trap. After all, the quality of your fintech app comes first for ensuring its success in the future.

Team

One of the most important factors that Michael Zetser says should be taken into consideration is the team of the fintech app development company. You should take a look at the skills they possess, which can be done when you check their portfolio. But, you also need to check if they have certified app developers on staff. They should have the required technical expertise and domain knowledge required for the fintech industry.

Likewise, the size of their team should also be taken into consideration. If the app development company does not have a big enough team to handle your project, you should look elsewhere. Otherwise, it can take them longer to complete your project and they may not be able to do it right due to lack of skills and expertise.

As long as you consider these factors, it can help you selecting a fintech app development company that can understand the needs of your business and come up with a solution that can help your business ensure long-term growth and success.

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