Fintech software development has taken an entry into the traditional financial market, especially bank and we have seen it acting as a disintermediating factor.
However, in 2018 we are seeing that it is no longer the bank alone. A number of other financial domains like lending, equity or trading is also ready to invest largely in the fintech software development.
As more and more investment flows into the world of fintech, they will turn more mainstream with time.
Their market share is soon to rise and many have soon become household names like Mint.com or NerdWallet.
Some businesses which are likely to invest in creating a finance app for auxiliary financial services includes – Money Transfer – Fintech application development is common in this sector.
Companies such as TransferWise, Western Union, TransferGo have sprung up to offer peer-to-peer money transfers based on the mid-market value. Mobile Payments and eWallets – This fintech software development saw a steep growth and thanks to all online applications from Uber to Amazon