Categories
Mobile App Development

Investment App: Key Features and Development Essentials

 

Investing and trading used to be so complicated that trading stocks and generating passive income required a specialist degree. Investing, on the other hand, has become so simple thanks to technological improvements that even a teenager can do it.

With the rise of cryptocurrency, investing became even more popular, to the point that some of the most popular stock trading apps now also support cryptocurrency trading. Investors pick open-end funds for long-term portfolios because they diversify risk by investing in a variety of equities, gold, cryptocurrencies, and bonds. Because of mobile applications, ordinary people now have a profusion of financial alternatives.

What is an Investment App?

In general, an investing app is software that helps manage numerous investment-related operations. The investment app can be used to manage publicly traded financial information, receive professional recommendations, and manage assets. Apps for investing come in a range of shapes and sizes, depending on the type of financial problem they solve. Budget trackers, stock trading systems, and social networking apps for finance-focused communities abound on the market.

Furthermore, mobile investment apps can range from fantasy stock games (such as Invstr and Wealthbase) to actual robo-advisors (like Wealthfront and Betterment). In essence, an investment app can act as your personal financial advisor, coach, and helper through the internet. Of course, this does not imply that investing is any less risky, but the software is an excellent tool for making this activity easier to begin and manage.

The Key Characteristics of High-Quality Investing Apps

Investing applications typically include a variety of features, based on the specific focus product creators have chosen. Nonetheless, there are a few characteristics that every successful investment app should possess. We’ll reveal them right here.

  1. Personal Account:

    To access a personal profile with a virtual private office, an investment app requires a login method. As a result, it’s critical to take your time with this stage. Make a personal account as simple and intuitive as possible to avoid turning off your customers from the start of their interaction with your software.

  2. Digital Wallet:

    In a nutshell, here is where the balance for future investments is kept. The key rule is great security, as well as quick access for anyone who is authorized to administer the assets held there. An investment app should be able to connect to the bank and card networks for real-time updates, as well as securely store data on the phone.

  3. Money Management Instruments:

    People dislike having money solely for the sake of having it. They want to put their money into something productive. As a result, your mobile app should provide a variety of capabilities to meet these requirements. You can integrate gamification components, dynamically changing charts, credit management dashboards, tables comparing many investment options, and so on, depending on the exact appearance and your app development goals.

  4. Chatbot:

    Users can interact with any app with ease when they have instant access to help. This function can be used by beginners to seek professional help. More experienced users can also profit from and solve the issues that arise when using an app while on the go. The existence of a chatbot improves the trustworthiness of your trading app in general.

  5. Security Elements:

    Any investing app should include data protection as a standard feature. Consider implementing a robust IDPS to handle DDoS attacks, encryption methods, two-factor authentication, anti-spam, and phishing protection. The more security tools you add, the better the user experience will be.

  6. Notifications:

    Real-time alerts are a must-have tool when it comes to investing. They enable users to monitor performance and make required modifications in real time. Customers’ happiness with trading apps is frequently harmed by the lack of timely notifications.

Guidelines for Developing an Excellent Investment App

Developing an investing app necessitates a cautious approach and consideration of several aspects. As a general rule, finding a dependable vendor and establishing excellent communication and regular interaction with the development team are critical. Prepare to learn the ins and outs of building an investment app so you and your IT partner are on the same page.

These seven pointers can help you get started.

1. Adhere to the Development Basic Implementation Plan:

Making an investment app, like any other sort of software development, involves careful planning and execution. Ascertain that your IT partner is aware of and capable of developing a mobile app in this manner.

The following is the basic development roadmap for building investing apps:

  •           Planning
  •           Picking a business model
  •           Building the core app
  •           Adding custom features
  •           Testing

Naturally, not every investment app development follows this approach to the point — especially when it comes to personalized investing apps. Nonetheless, this plan can serve as a long-term foundation for achieving appropriate development outcomes. Using the Agile methodology, you can keep the development process moving forward while quickly resolving any issues that arise.

2. Put in a lot of effort to create a good algorithm:

The capability of robo-advisors or an algorithm that assists in managing your investments is used by the majority of successful investment applications. The benefit of this feature is self-evident: it’s pure magic for consumers to acquire easy-to-follow and effective investing strategy advice. Once in place, this mechanism encourages users to use your app more frequently.

3. To enter an app, request a minimum amount:

Due to the low cost of installation and testing, all of the top-performing trading apps are simple to get started with. Some believe $50 is all you need to get started investing, while platforms like SoFi Invest simply ask for $1. Regardless of your readiness to offer the lowest feasible price in order to attract as many customers as possible, choosing the proper amount to maximize your budget is critical.

4. Don’t make users’ registrations too difficult:

Using investment applications follows a standard method. As a result, while creating your own software, ensure that the installation plan follows these steps:

  • Please sign up (include an opportunity to use social media accounts for that).
  • Connect with your bank account (also, make it easy for users to fund it in your app).
  • Choose an asset to invest in.
  • Track the performance of your stocks (the notifications features is highly useful here)
  • Invest in assets.

5. Ensure the highest level of security possible:

Many users are concerned about the safety of utilizing an investment app. Money is a sensitive subject, and your users are exceedingly cautious when sharing their personal financial information. As a result, when dealing with an app, you should pay special attention to data privacy and the overall security of the user experience. Ensure that your efforts are noticed and recognized by your users.

6. Accurately use APIs (Application Programming Interfaces):

Third-party APIs will definitely be required while designing investment apps. They can occur in a variety of ways:

  • Adding a bank account
  • Obtaining financial details
  • Updating the market data feed
  • The stock exchanges
  • Conversion of currencies

It’s critical to employ only trusted solutions in this case, such as Plaid, Paybook, and Xignite.

7. Hire a Vendor for Outsourcing:

Hire the team on an outsourcing basis to get the most out of your collaboration with the software development firm on developing investment apps. This technique has several significant advantages for creating SaaS products:

  • Cost-cutting
  • Setup time is minimal.
  • Upgrades are ongoing.
  • Scalability and ease of access

Contact Digital Crafters for Building an Investment App

We at Digital Crafters are glad to assist you if you’re looking for a skilled and successful software development partner. We have a long list of successful projects executed for businesses of all sizes and in a variety of industries. By recommending your investment app to us, you can be assured that we’ll give it our full attention and enhance its functionality with a diverse set of high-performing features and aspects.

Categories
Mobile App Development

Everything You Need to Know About Progressive Web Apps for eCommerce

 

With the introduction of Progressive Web apps, many businesses have started to leverage this technology to deliver a more engaging user experience and engage with their target audience more quickly. As a result, PWA development services are growing in popularity across a wide range of sectors.

The eCommerce industry is one of the sectors that is benefiting from the game-changing PWA technology. After all, it marks a step forward for mobile-based enterprises. The PWA platform enables eCommerce businesses to concentrate on enhancing customer experiences. It allows brands to grow three times faster than they might on an eCommerce site. According to Statista, we may expect a massive growth in mobile-driven commerce that will generate more than $400 billion in revenue by 2024. Progressive Web Apps are the driving force behind this surge in mobile commerce.

What is a Progressive Web App?

A Progressive Web App (PWA) is a hybrid of a website and an app. It’s a website that behaves and appears to be a native app. It’s quick, gives push notifications, works offline, and can be placed to the home screen of your phone.

Unlike a native app, a PWA is a hybrid method to create a platform that can be used as both an app and a website. PWAs aren’t available in the app store. They are, nevertheless, as quick and simple to use as native programs. PWAs may appear to be a terrific answer for sellers expecting higher conversions because mobile phones are the key traffic source, especially for eCommerce stores.

How Progressive Web Apps Help eCommerce Stores?

The benefits of Progressive Web Apps (PWAs) for eCommerce organizations are numerous. PWAs make online shopping as easy as possible, and we can expect them to reign and revolutionize the mobile-commerce landscape for the reasons listed below.

  • Reduces Development Time and Cost:

    Because PWAs are built on reusable code, developers can reuse them several times. Whereas, in order to construct an app, you’ll need distinct code for each platform. Furthermore, in order to gain approval from both platforms’ reviewers, your programme must meet specified requirements. You’ll need to put in more effort, money, time, and resources if you want to target two groups with devices that run on separate operating systems.

  • Huge Marketing Scope:

    Search engines are tweaking their voice-based searches in minor ways. Sellers, too, should fine-tune their skills. PWA is a fantastic SEO technique that an app cannot manage, even if it is present on the app stores. Because PWA is a native site, it improves searchability right away.

  • Creates a link between customers and merchants:

    Users do not need to download an app to use a Progressive Web App. As a result, the cognitive strain that customers often face while downloading apps is reduced. Users are now more mindful of the quantity of apps on their phones. Because consumers’ phones have limited storage capacity, the present practice is to keep a minimal number of mobile apps.

  • Offline Functionality:

    PWAs’ USPs are their cache and service worker APIs. Service workers are responsible for obtaining cache elements and sending notifications while operating in the background. They sync local alterations to the local server and save updated material in a browser’s cache. As a result, even if your app’s users are unable to access the internet due to a poor connection, PWAs can assist with regular navigation.

  • Saves Storage Data and Space:

    Users always save internet and data costs, whether it is critical for an eCommerce firm or not. PWAs are saviors for eCommerce businesses in this regard. A PWA takes up only a few MBs of storage space in the phone memory as compared to an app that takes up 50MB.

  • Responsiveness and Flexibility:

    Progressive Web Apps’ flexibility and responsiveness may influence your decision. The layout of PWAs is responsive. As a result, your website’s design must be suitable with the resolution and size of any device you use.

  • No App-store Cost and Automatic Updates:

    Automatic updates in a PWA function similarly to a regular website update, with all updating processes taking place on the server side. As a result, end-users can access an updated website application. Furthermore, either your tech partner or you as a business owner would be responsible for paying subscription fees to the app stores where you want to distribute your native app.

  • Easy to Maintain:

    Assume you need to create separate apps for the iOS and Play Stores. As an app requires ongoing monitoring, regular error corrections, and up-grading, you may need to pay a large amount of money to engage a developer for an extended period of time in that circumstance. PWAs, on the other hand, save money and can be improved by identifying their browser needs.

  • Increased User Adoption:

    Users must first install an application before they can utilize it. This is a phase in the online shopping procedure. As a result, the conversion rate is lower. When using PWAs, users do not need to download any apps. All they have to do is click on the website link and follow the instructions on the device screen.

  • Secure Payments:

    Security is one of the advantages PWA provides to eCommerce organizations. People find the concept of online shopping to be undoubtedly more alluring. However, lengthy and inconvenient check-out processes may deter people from completing an online purchase and abandoning their shopping carts. The Payment Request API’s interaction with a browser allows buyers to make secure and speedy payments. Customers can complete their transaction fast because this payment option does not require a check-out form.

When is a Progressive Web App Required for an eCommerce Business?

Without a question, The advantages of PWAs for eCommerce businesses are numerous. However, due to some existing issues, your e-store requires this platform. When deciding whether or not to use PWA, e-commerce business owners should think about a few things. Let’s have a look at some of the most important factors:

  • If you’re just starting out with your eCommerce firm, PWA is the way to go. Startup companies should make the most of their time and resources to locate the ideal market niche for them. A PWA is very inexpensive and simple to create.
  • Some eCommerce websites have a low conversion rate while having a highly functional native app. It could have an impact on the growth of your company. In this instance, we recommend that you engage in PWA development to deliver the best user experience to your customers.
  • PWA technology is not yet optimized for iOS. As a result, if you have a lot of iOS users, you should avoid it. A PWA is a good choice if your target users are Android users. PWAs are supported by Android, and most websites have PWAs for their APK files. A PWA’s and a native Android app’s functions are also very comparable.
  • Redesigning your eCommerce website into a PWA is the best answer if you need to update it quickly.

Final Words

For eCommerce businesses that seek to enhance mobile conversions, starting with Progressive Web Apps is the ideal solution. Because the web’s behemoths are dominating the industry with PWAs, every mobile-centric company must grab the moment. As a result, this is fantastic news for everyone running an eCommerce firm.

PWA is, simply said, a growing strength in the development of eCommerce websites. Hire PWA Development Company and discuss your requirements for boosting your online functionality if you want to construct a PWA-enabled online store.

About Digital Crafters

We produce futuristic web applications that have the potential to transform your business as a leading PWA development company. Our PWA development services include solutions with high user engagement, quick applications, quick deployment, and consistent performance, making us the best. Our team of PWA experts is dedicated to learning about your requirements and assisting you with this cutting-edge technology.

Categories
Technology

Django Vs. Laravel Vs. Node – Which One is the Best Back-End Development Framework in 2021?


The frameworks of the web are a collection of software packages that makes complex web development easy and simple. They also have built-in functionalities which reduce the time required for the development. In simple words, frameworks are very suitable if you want to transit from the development phase to the production phase. When it comes to the selection of the best framework, the community of developers is divided. Some feel that Node.js is the best framework available while for many developers Django and Laravel are the best web development framework they can ever find. If you are new to the realm of Backend development, you can easily get confused. Here is an assessment of the efficiency of these development frameworks – Django, Laravel and Node.

Overview of  Django

Django is a very lightweight framework based on Python and came into existence in 2005. When working on a complex project, Django is the most preferred framework for many developers. Many of the successful start-ups have deployed Django across the world including Facebook and Mozilla. Other than being lightweight, it is also power-packed with amazing functionalities which makes the web development process very exciting. Here are some of the pros and cons of using the Django framework – 

Pros Cons
This platform allows for a highly structured approach. It does not support real-time web apps. 
It offers enhanced scalability. Before working with the framework, one should possess hands-on experience.
There is very little scope for security breaches with Django. It is totally based on the ORM. 
It is supported by a huge community of developers across the world. 

 

Here are some of the reasons why developers prefer Django for their projects – 

  • It offers the developers an enhanced ecosystem.
  • Comprehensive and detailed documentation is provided with Django.
  • An open-source platform with a large thriving community of developers.
  • One of the best frameworks to carry out API development projects.
  • It is easy to learn and deploy even for complicated projects. 

Overview of  Node.JS

Apart from being a framework, Node.JS is also a dedicated server. It is an open-source JavaScript-based runtime environment that plays a very important role in cross-platform application development. It is also equipped with asynchronous event-driven APIs. It operates on a single thread and has emerged as one of the most popular backend frameworks for developers. As its operations are based on a single thread, the developers need not to worry about blocking during execution. One more important feature of Node.JS is that the whole server is based on events and it triggers itself during the callbacks. Here are some of the pros and cons of using the Node.JS framework – 

Pros Cons

It offers easy scalability and can be easily augmented to the existing system. 

It supports asynchronous programming which is difficult to comprehend for many developers.
In this framework, the requests are cached automatically in the memory of the app.  With Node.JS, it is not easy to work on a relational database.
It helps in building high-performance apps since it runs on Google’s V8 JavaScript engine.  The Node.JS library is not extensive which makes the developers look somewhere else. 
It provides the developers with support for various tools. 

 

Here are some of the reasons why developers prefer Node.JS for their projects – 

  • It assists with cross-platform development.
  • When it is about executing command-line utilities, it is a great framework. 
  • One of the greatest advantages is the huge community of developers.
  • It also facilitates reusability. 

Overview of  Laravel

Laravel is one of the most preferred backend development frameworks. Though it was launched after Django, it has managed to attract developers with its wide range of features. These features help in simplifying the development process along with the time required for the development. It is a very common fact that developers opt for Laravel when they want to develop big or small web apps. But, if you want to work with Laravel, you should be an expert in PHP. Most of the applications developed with Laravel are used for Content Management systems (CMS). This framework is also known as the powerhouse of the features which helps in every phase of the development. Here are some of the pros and cons of using the Laravel framework – 

Pros Cons
It offers best-in-class security in terms of code. There is very little inherent support with Laravel.
It has built-in blade templates which help in designing impactful layouts. When compared to other frameworks, the community support is not extensive. 
It required PHP as it works on the basis of the latest MVCD frameworks. For most of the developers, Laravel is still in the development phase and so miss out on various aspects. 
A large number of companies are using Laravel for app development. 

 

Here are some of the reasons why developers prefer Laravel for their projects – 

  • It is open-source.
  • Advanced security.
  • Facilitates unit testing.
  • Advantage of the Blade template engine.

Node.js vs. Django vs. Laravel

As you saw above, these three frameworks have different functionalities. For example, when it comes to community support, Node.JS easily outsources the other two but when it is about the framework base, each of them has unique features. Node.JS works on Chrome’s V8 JavaScript engine and helps the developers in creating engaging web apps. Django works on MVT pattern based on Python language whereas Laravel follows the MVC pattern and enables you to develop CMS web apps. 

When it comes to security, Node.JS has some advanced features. Laravel can also facilitate better security when compared to the rest of the frameworks. It stores every password in the database and uses hashed password methodology. Django also alerts the developers for errors in the codes during the development phase. 

Final Words

Each of the frameworks has its fair share of advantages and limitations, when it comes to the selection of the best frameworks, first you should assess the requirements of your project. After a deep analysis, you would be able to come to a solid conclusion.

About Digital Crafters

Digital Crafters is a well-known NodeJS, Laravel and Django application development company with hands-on experience in creating feature-rich and high-performance solutions for clients across the globe. The proficient web app development services by us can give your project a new direction. The team of app developers with us offers best-in-class web and app development services and solutions that assists your business towards growth.

Write to us at info@digitalcrafters.tech for more details about our services.