6 Reasons to Choose Flutter for Fintech Apps in 2023
Mobile apps are becoming an integral part of our lives. On average the number of android apps that are developing in a month reaches 100 thousand per month, also 30,000+ releases on the iOS platform. Business plan to develop and design their apps to make their business more accessible for their clients and customers but somewhere fails to meet the expectations. Above the top of anything choosing the technology must include in your success factor. This can help finance app development company stand out and improve the user experience. If you work with poor language or framework then might be the chances you would reduce your chances of success.
In present times, Flutter has been the prominent choice for every developer as it is considered the most economical and easy-to-use language. Flutter act as a cross-platform development UI toolkit for web and mobile apps. The technology is not only used by small companies but tech giants like BMW, Google Pay, Nubank, and many more.
What is Flutter?
Before we get into more details on how you can choose Flutter for your Fintech apps future let’s explore more about Flutter app development. Flutter is an open-source technology that was delivered by Google to develop web, mobile, and desktop apps using a single database. One of the major advantages of using it as a single database is that it can be sued for multiple platforms.
This technology works as a goldmine for cross-platform app development as it is not a library framework, but rather a UI software development kit (SDK).
This library refers to the pieces of code that can be used in an app to perform specific tasks where a framework act as a structure for future apps and provides them tools to complete the architecture.
Reasons to choose Flutter for your Fintech apps
As we have already discussed Flutter above. Flutter application development act as an excellent compromise between quality and efficiency and is known as the best choice to be a Futuristic platform for your Fintech apps, know why:
- Flutter-made fintech apps are cost-efficient
Those who are new to app development might be overwhelmed with the information about how to create an Android app or launch iOS app. Earlier you need to hire two separate teams to perform two different codes for iOS and android. But with Flutter now it’s possible to run single code on multiple platforms. Choosing Flutter for Fintech app development significantly lower the development time and cost, as there are multiple reasons:
- One development team instead of three that work on a single code to run it on three different platforms.
- Code reusability of Flutter codebase where developers can use it up to 90% between two platforms.
- The fast reload of the app made Fluter an exceptional choice
- Immediate minimum viable product and proof of concept
One of the prominent examples of a Flutter-based Fintech app is GooglePay. Here we can see Flutter is a perfect solution for not only startups but also for large corporations.
- Flutter banking apps help in unlocking future competitiveness
Flutter allows fintech and banking institutions to quickly develop and test the latest features and modules for all their devices. Developers of Flutter can use extensive and updated libraries that help in striving the Flutter community. As we know, Flutter is characterized by its outstanding speed in building different applications and interfaces. App designs and functionality helps to meet user expectations, as Flutter act as cross-platform.
- The multi-module approach in Flutter unlocks unprecedented scaling capabilities for fintech apps
Fintech apps often require complex functionality, such as payment processing, data encryption, and security protocols, which can be challenging to manage in a single codebase. By breaking down the app into smaller modules, developers can focus on specific features and ensure that each module is optimized for performance and security.
In addition, the multi-module approach in Flutter can make it easier to integrate new features and technologies into the app. For example, if a fintech app needs to add support for a new payment gateway, developers can create a new module for that functionality without having to modify the existing codebase.
- Provide flawless application performance
Fintech apps developed using Flutter can leverage the native performance of the underlying operating system, resulting in faster app startup times, reduced memory consumption, and smoother animations.
And providing widget-based architecture enables developers to build complex fintech app UIs quickly and efficiently. Widgets are reusable building blocks that can be assembled together to create a UI that is easy to maintain and update.
Overall, Flutter’s combination of high-performance UI, native performance, Hot Reload, widgets, and testing tools makes it an ideal framework for developing fintech apps that provide flawless performance.
- Facilitate future maintenance
Flutter provides a suite of testing tools that enable developers to test the app’s performance and functionality quickly and efficiently. This ensures that the app is stable and performs flawlessly across different devices and platforms, which can reduce the amount of time and effort required for future maintenance.
Apart from testing tools, Flutter integrates seamlessly with Continuous Integration/Continuous Deployment (CI/CD) tools, such as Jenkins, CircleCI, and TravisCI. This enables developers to automate the testing, building, and deployment of the app, which can significantly reduce the time and effort required for future maintenance.
- Flutter fintech and banking apps are secure in the Future
Flutter act as a secure framework that follows industry-standard security practices, such as data encryption, secure data storage, and secure communication channels. However, the security of a fintech or banking app depends on several factors, including the app’s design, implementation, and maintenance. Well, we can say Flutter can ensure the security of fintech or banking apps, but if a few security practices follow such as:
- Conducting regular security audits to identify vulnerabilities and risks.
- Implementing secure authentication and authorization mechanisms to protect user data.
- Encrypting sensitive data both in transit and at rest.
- Using secure communication channels such as SSL/TLS.
- Regularly updating the app with security patches and bug fixes.
- Following industry-standard security frameworks such as OWASP.
Why is Flutter fintech apps worth a try?
Flutter is a mobile app development framework that offers several benefits that make it worth considering for fintech apps: Flutter allows developers to create apps that work seamlessly across both Android and iOS platforms. This means that developers can build one app that can be used by all users, regardless of the operating system they use. This can save time and resources, as developers do not need to create separate versions of the app for each platform.
It also integrates a wide range of customizable widgets that can be used to create a visually appealing user interface.
Overall, Flutter is worth a try for fintech apps because it offers several benefits that can help developers create high-quality, cross-platform apps quickly and efficiently. Additionally, Flutter’s performance and attractive user interface can help fintech apps stand out in a competitive market. Read more