The government of Dubai in particular is actively working towards creating a more digitally inclusive system were embracing new lines of payment, along with other technologies is prioritized. Small and medium enterprises are considering the ecosystem, the developments, and their role.
In this article, we will be looking at the most successful fintech platforms. Take inspiration and move ahead with your own digital product.
The Current Market
In the coming years – we are going to see a bigger role of artificial intelligence across fintech platforms for the better good. And same goes for other digital transformation technologies. Big data and machine learning are already playing an essential role in shaping how we see fintech platforms.
Predictions tell us that the fintech market is projected to reach $37 billion by 2026 and consumers are getting more comfortable with the idea of using such apps. Think about it. Whether it is something as simple as sending money to a loved one, donating to a cause, or availing mobile banking – it is all credited to fintech.
And fintech is associated with every industry you can think of. We are talking about conventional banking, cryptocurrency, hedge funds, budgeting, taking loans, etc.
Top Fintech Apps
MoneyLion
MoneyLion claims to be more than a bank – a financial technology company that helps consumers manage their money in a more streamlined manner. Empowering consumers financially and elevating them to higher ranks is what MoneyLion aims to do.
MoneyLion is a financial companion and includes a wide range of options – a few worth mentioning are savings, landings, wealth management, and insurance schemes. Additionally, the app is incredibly user immersive and depicts what the consumer would like to see. The signature Discovery page includes trending insights related to personal finance.
A few features:
- Get a cash advance of up to $250
- Various cashback schemes
- An all-in-one platform
A software development company in Dubai can create a similar digital product for you. Take inspiration, note down the features, and see how you would like your own app to look like.
Robinhood
Robinhood makes investing simpler for everyone. The app enables you to trade stocks without any added fee and deal with cryptocurrency as well – all without commission charges. Robinhood believes in the idea of financially empowering people with the help of a well-detailed platform. The app is designed to be a beginner’s guide to trading and it is easy to get a hang of it.
Robinhood includes a dedicated financial education tab that includes market updates as well as simple details as to what trading entails. It is meant as a guide. Learn and get started with investing right away. Robinhood has a 24/7 customer support system in case of any queries and the entire transaction system is encrypted – leaving little to no room for cyber threats.
If we look at Robinhood from a fintech perspective – the platform understands that not everyone understands the complexity of trading and would need a beginner’s note. The app is meant to be user-friendly and easy to navigate through for everyone.
Sarwa
Sarwa is a Middle East grown fintech platform that is breaking barriers and the norms of the industry. Sarwa is an all-in-one fintech app that is mainly focused on EFTs, stocks, trading of cryptocurrencies, and investing money in a singular go.
Invest. Trade. Crypto. Sarwa is focused on enabling consumers to invest with as little as $5 and leverage their money in a clear way. There are options for everyone. Get into trading and exchange U.S. stocks easily. And same goes for cryptocurrency. The process to trade crypto is easy and fair.
Sarwa is backed by industry leaders who understand conventional banking and technology both. And the app is regulated by Dubai Financial Services Authority. There is no compromise on security whatsoever.
Conclusion
We highlighted three fintech platforms from different regions to showcase the kind of impact exhibited worldwide. From mobile app development Dubai to any other advancement, there is a lot to look into as far as the ecosystem and growing trends around it are concerned.
Research and consult a company that is willing to understand the scope of your project – eventually helping your business elevate to higher ranks altogether. And that is about it. In Dubai, we suggest you focus on security and personal privacy the most before launching a fintech product.
