By Anna Sorbet,Marketing Specialist at FINANTEQ S.A.

Existing in highly competitive environment demands from banks undertaking the activities, which will not be limited only to having an application, but also those, which will develop it and offer the various possibilities that customers expect in the first place. In some cases there will be necessary to revamp existing application or to build a new mobile banking app from scratch even.

The need to meet to meet market standards and provide a user-friendly experience may require upgrading existing mobile banking applications and introducing new solutions, for example incorporating low-code/no-code platforms to expedite application development or implementing virtual branches, which enhance customer service, address the lack of physical branches in certain areas, and provide customers with 24/7 account access.

And – if you are contemplating improving or building a new mobile banking app to eliminate bugs, enhance efficiency, increase user satisfaction, and improve ratings – choosing a proven it company is crucial.

The Right Mobile Banking Development Partner

Operating for nearly two decades Finanteq became an expert in the industry. Our focus on the banking sector and mobile app development has led us to achieve remarkable technical excellence and operational effectiveness. What sets us apart is our focused expertise and unwavering commitment to being the best in its field.

Finanteq’s project teams are comprehensive, constantly striving for technical excellence, and possess exceptional operational maturity. This results in an efficient mobile app development process and empowers the company to create groundbreaking banking products, as I will discuss further.

Approach to Mobile Banking App Development by Finanteq

Our programming methodology’s success hinges on the exceptional technical expertise possessed by our project teams.

What is more, when working with our clients, we prioritize understanding their needs and the demands of their target customer groups. We are not just an ordinary outsourcing firm, but we become a trusted partner that integrates into the company’s structure and offers the best options for the bank.

The feedback from our clients on @Finanteq’s profile on Clutch is the most robust evidence for this. We share some of the reviews below:

“The consistent quality of Finanteq’s work is excellent despite the different needs that have arisen throughout the process. We haven’t had any production incidents or issues that could affect our customers; they’re good at understanding our business and its requirements and are able to turn their tech-savviness into good initiatives. We’re receiving great feedback from users in the Android and iOS application stores. We see good acceptance of the product whenever we do marketing campaigns on our social media — customers are happy and praise all the new features we keep adding to the platforms.” – Executive, Banking Institution (one of the biggest banks in the Middle East).

“FINANTEQ has helped us redevelop an old mobile app from scratch. We have seen a 100% increase in users as well as better reviews on Google Play and the App Store. FINANTEQ works efficiently, delivering reliable services without compromising quality. They also communicate regularly to ensure both sides are always on the same page.” – Product Manager, mBank

“FINANTEQ is an excellent development partner that supports the customers’ full digital banking experience through the app. They execute an agile methodology while delivering quality outputs. Their competence and attention to detail make them stand out.” – Executive Manager & Program Manager, National Bank of Kuwait – Weyay Bank

What’s exceptional in our work methodology?

1. We tailor mobile app development to the bank’s specific needs and requirements, utilizing our ready-to-integrate components and tools.
2. We assist our clients in creating and implementing applications efficiently, ensuring maximum business value, short time-to-market, and cost control by using various tools, pre-existing libraries, and innovative products.
3. We assemble dedicated teams of mobile banking app developers, project managers, scrum masters, product owners, business analysts, and testers to ensure high performance and seamless integration at any project stage, facilitating timely delivery.
4. We strive for 100% code coverage with automated functional tests and have achieved short regression testing time, significantly reducing time-to-market and costs.
5. We consistently automate repetitive and mundane processes.

Whether you plan to build an application from scratch or revamp an existing one, we guarantee optimal resource allocation. With us, you save time and money, and the final product always exceeds expectations.

Furthermore, we offer:

• end-to-end project delivery, including consulting, UX design, and
• publication of the final application on App Store and Google Play.

No-Code Tool for Banking – Embrace the Future of Mobile Banking Development

At Finanteq, we have developed Extentum, a solution that enables the banking industry to fully leverage the benefits of no-code development. Unlike many other tools in the market, Extentum is specifically tailored to meet the unique requirements of the banking industry.

Extentum stands out as a specialized platform that seamlessly integrates with the bank’s existing applications, whether on iOS, Android, or web platforms. This makes Extentum an ideal choice for banks seeking to enhance and expand their digital channels quickly, without requiring developer involvement.

Our tool simplifies the implementation of commonly used services in banks using configurable business logic. With the no-code platform integrated into the bank’s remote channels, non-IT professionals, such as business analysts, can easily introduce new functionality without necessitating a subsequent version release of the application.

Using a no-code platform saves time and money. It enables faster availability of functionalities compared to the traditional development model, allowing programmers to focus on more challenging tasks. Moreover, the combination of these aspects leads to significant cost savings.

Extentum is an excellent tool to support application development. To explore its potential, schedule a demo with us.

Virtual Branch – Convenient Like a Mobile, Engaging Like a Branch

Bank selection is influenced not only by excellent applications but also by gaining customer loyalty. The aforementioned study also highlighted three equally important areas for bank customers: superior customer service, an improved branch network in their area, and extended opening hours.

The fastest and most effective solution to meet these needs is a virtual branch embedded in the bank’s existing web and mobile applications.

Pocket Branch is a remote channel that enables bank customers to access services 24/7 from anywhere. It allows banks to achieve three goals: enhancing sales, providing better service, and assisting customers whenever necessary. We understand that human contact is vital for more complex decisions such as investments or mortgages. The accessibility of bank advisors through audio, video, or chat, without the need to visit a physical branch, is particularly appreciated by individuals with mobility challenges, hearing impairments, or other disabilities.

When developing digital banking solutions, ensuring top-notch customer service across all available channels is of utmost importance. Our solutions aim to provide the best customer experience, leading to the achievement of banks’ business goals, including increased sales and better user retention and attraction compared to competitors.

Mobile Banking App Development with Experts

Developing a mobile banking application is a complex process, but with a competent partner, banks can create tailor-made solutions promptly. As mentioned earlier, Finanteq possesses extensive experience in the banking industry, having successfully executed numerous banking projects worldwide, earning the trust of our clients.

If you wish to build a new app from scratch, our teams are ready to commence the project immediately and ensure end-to-end project delivery. Additionally, if you require support for your current banking app, we can conduct a rapid project evaluation and suggest improvements and key areas for further development.

Finally, banks can utilize our off-the-shelf products and components to expand their banking applications even faster and more effectively.

Contact us now and build the perfect app you need.

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• Source: https://www.fintechnews.org/developing-banking-mobile-applications-with-an-experienced-team-finanteqs-offer/