Fintech App Development in 2025: What You Need to Know

Fintech App Development

New technologies are revolutionizing the world of Fintech app development. They’re contributing to making apps smarter, faster, and more efficient at handling tasks. This is obvious considering the fact that people are adopting smartphones for everything related to finances.

Whether it’s money transfers, investing in stocks, or managing expenses, fintech apps are the way to go. They offer an instant and convenient way for users to access and manage their finances.

The Fintech industry is expected to reach $917.17 billion by 2032, making now the best time to invest in Fintech app development. By leveraging advanced technologies and market research, you can ensure your business is all set for success in 2025.

In this blog, WDI will explain the features, technologies, cost, and process of FinTech mobile app development. So, let’s get right into it.

Future of Fintech App Development

The future of fintech is as bright and promising as ever. In 2025, we’ll witness multiple new advanced features that change the game forever. From fixing long-lasting issues to taking things to a whole new level, the world of Fintech is all set for a tech revolution.

Imagine a Fintech app that understands your requirements and provides personalized financial advice. It can comprehend risk tolerance and financial goals to tailor recommendations. Now that’s amazing!

Or how about Fintech apps that offer frictionless cross-border payments? Imagine secure and instant transactions across borders being the norm.

Security has been a major concern in the fintech industry for ages. That will change in the near future. Fintech apps are adopting a decentralized structure that allows transactions to be more secure.

All of this is just the beginning of the endless possibilities in Fintech.

Types of Fintech Apps

The fintech industry is rich and vibrant with multiple types of mobile apps. All of them serve unique purposes, helping users meet their financial objectives and simplifying day-to-day life. Here are the most popular fintech apps on the market:

Payment Apps

These apps are like the workhorses of the fintech world. They execute innumerable transactions daily, both national and international. Payments are executed via UPI, credit and debit cards, and net banking facilities. Popular examples include Venmo, Apple Pay, and Google Pay.

Banking Apps

Multiple traditional banks have embraced the fintech revolution by building their mobile apps. Users can check account balances, transfer funds, deposit checks remotely, and even manage investments—all from their smartphones. Banking apps have saved users from frequent visits to banks for minor purposes.

For example, Chase Mobile, Bank of America Mobile Banking, and Charles Schwab Investor Services.

Investment Apps

Gone are the days of needing a stockbroker. Investment apps allow users to buy and sell stocks, bonds, EFTs, and other investments directly from their smartphones. They often offer fractional shares, making investing more accessible, along with educational resources and portfolio tracking tools. Robinhood, Acorns, and Stash are some leading examples.

Money Lending Apps

These apps provide an alternative to traditional bank loans by offering faster and more flexible options. Personal loans, business loans, and peer-to-peer lending are the primary services offered by these apps. Lending apps typically use AI-powered credit scoring for quick approvals, with examples like SoFi, Upstart, and Prosper.

Insurance Apps

Insurance apps allow users to compare quotes, purchase insurance plans, manage policies, and even file claims electronically. Some may even offer personalized insurance plans based on user data and risk profiles. Examples include Lemonade, Metromile (for car insurance), and Clover Health.

Money Management Apps

Financial management apps provide a holistic view of finances. They help with budgeting, expense tracking, bill payments, setting financial goals, and analyzing spending habits. Popular examples include Mint, YNAB (You Need A Budget), and Personal Capital.

Blockchain and Cryptocurrency Apps

The rise of cryptocurrency has given birth to a new breed of fintech apps. These allow users to buy, sell, and trade cryptocurrencies securely. They may also offer features like secure storage of crypto assets and integration with decentralized finance (DeFi) protocols. Coinbase, Gemini, and are some well-known names.

Regtech Apps

Regtech apps help financial institutions comply with complex regulations and automate compliance processes. They allow fintech companies to operate more securely and efficiently.

Essential Features in Fintech Apps

In order to make your fintech app functional and easy to use, it’s important to incorporate some essential features. While there are multiple subtypes of fintech apps, certain features are common across all of them. Let’s have a look at those:

Payment Gateway Integration

Payments are the heart and soul of fintech apps. A secure payment gateway acts as the bridge between your app and the payment network. It encrypts sensitive financial data, like card details, during transmission and protects user information from unauthorized access.

An important aspect of the payment gateway is that it should support multiple payment options. This includes credit cards, debit cards, bank transfers, and digital wallets. Just ensure that the gateway adheres to industry-standard security protocols like PCI-DSS.

Quick Onboarding

Creating an account on a fintech app requires a multitude of details. This can make the process significantly more complicated and time-consuming than it should be. No one likes to irritate a customer when they’re just stepping in. A quick and seamless onboarding process is simply mandatory.

An easy solution for this is social login. The app can fetch all the required details instantly and let the user in.

Once the user is in, provide a quick overview of the app to help them blend in. Provide clear messages to eliminate any confusion the user may have.

Multi-Factor Authentication

Security has always been a concern in fintech apps as they deal with highly sensitive user data. Multi-factor authentication is a simple feature that you can implement to enhance your app’s security by preventing unauthorized logins.

An easy multi-factor method is combining a password with biometric authentication or OTP for login. Executing transactions is another place where you need multi-factor authentication to allow the user to be double-sure about their action.

Basic Transactions

The ability to make transactions is another building block of fintech apps. It can be used for multiple activities.

    • Transferring money between the user’s own accounts within the app or sending money to other users’ accounts.
    • Pay bills electronically to various service providers.

Topping up mobile balances directly within the app.

  • Make contactless payments at stores.


In 2025, people expect features such as transaction scheduling and support for multiple payment partners.

Push Notifications

In today’s time, any app without push notifications is basically a dead app. Push notifications are essential in fintech app development for keeping users informed about account activity. This includes deposits, withdrawals, and other transactions.

You can also alert users when their account balance dips below a certain threshold or remind them of upcoming bills.

The best aspect of push notifications is that you can notify your users about new services, offers, and achievements. It’s one of the most powerful marketing tools you can have.

Account Management

A bank account is one of the primary accounts users connect with fintech apps. Account management is crucial to helping them manage their funds and cards with ease.

Provide users with up-to-date information on their account balances and transaction history. Empower users to personalize their experience by allowing them to set preferences for notifications, budgeting categories, etc.

By developing these features, you ensure your fintech app meets industry standards. But, if you want to set new standards, you’ll need to raise the bar.

Next-Gen Fintech Features

Today, people expect more from fintech apps. They demand more engaging and immersive experiences. With the advanced technologies available today, you can develop features that seemed next to impossible a few years ago. Here’s what you can develop:

ATM/Bank Locator

This feature is a godsend for many people out there. It uses geolocation to help users find ATMs and banks near them. It’s a lifesaver for people who travel to a new city or unfamiliar location. Here are the functionalities required for an ATM/Bank Locator:

Current Location Awareness: Access the phone’s GPS to pinpoint the user’s current location.
Search Functionality: Users can search for ATMs/Banks using zip code, direct address, or by entering a landmark.
Interactive Map Integration: Display ATMs and bank branches on a map with clear directions and estimated walking or driving distances.
Filters: Users can filter their search based on specific criteria like ATM network affiliation (e.g., Visa, Mastercard) or accessibility features.
Real-Time Availability: Display real-time information on availability by integrating with bank data to prevent wasted trips.
Offline Functionality: Allow users to access a limited set of locator features (e.g., previously searched locations) even without an internet connection.

AI-Powered Financial Coaching

AI has the power to analyze user spending habits, income patterns, and financial goals. Based on this data, it can generate personalized insights and recommendations for budgeting, saving, and debt repayment strategies. This goes beyond generic budgeting tips. AI can identify areas for improvement and suggest actionable steps specific to the user’s goals.

AI can predict future cash flow and potential shortfalls. You can alert your users to avoid overdrafts or missed payments.

Here are three key aspects of AI-powered financial coaching:

Goal Setting and Tracking: AI can help define clear financial goals and track progress towards those goals.
Cash Flow Management: AI can identify areas where users can cut back and suggest strategies to optimize cash flow for achieving financial goals.
Predictive Analysis: AI can predict potential shortfalls or upcoming expenses based on historical data and user behavior.
Scenario Planning: Simulate the impact of different financial decisions. For example, users can see how increasing monthly contributions might affect their retirement savings goals.
Investment Advisory: Analyze user risk tolerance and investment goals to recommend suitable investment options.


Fintech apps tend to be a bit boring and overloaded with numbers. Adding some gamification can help you keep users engaged. Here are ways you can gamify your apps:

Reward Systems: Users are motivated to keep using the app if they receive points, badges, or increased ranking on a leaderboard. You can reward users for reaching savings goals, maintaining budgets, or making timely bill payments.
Financial Challenges: Provide new financial challenges to encourage users to learn money management skills. This could involve setting and achieving specific savings goals or tracking spending in certain categories.
Personalized Learning Paths: Develop educational modules tailored to the user’s financial literacy level and goals. Gamified learning can make financial education engaging and interactive.

Virtual Financial Assistant

AI and NLP enable the creation of a friendly and knowledgeable companion. It could be a chatbot or a full-fledged AI model.

NLP allows the virtual assistant to understand the intent behind user requests, even if they are phrased informally. For instance, users can ask questions like, “Can I afford that new gadget?” or “How much can I save by cutting back on takeout?” The assistant will be able to interpret it and provide an apt reply. This eliminates the struggle with rigid menus or confusing financial jargon.

A virtual financial assistant helps you by relieving the load on your support team. It can address most user queries and your human team can work on the most critical ones.

Fortified Security and Complete Transparency

There should be no compromise on security in any type of app, especially fintech. Cutting-edge technologies such as AI, ML, and Blockchain are game-changers in enhancing security. They enable a multitude of security measures, including:

Anomaly Detection: ML algorithms can analyze transaction patterns and identify suspicious activity in real time. They can alert you about fraudulent transactions before they occur.
Data Encryption: All user data, especially financial information, should be encrypted both while being transferred (in transit) and when stored on servers (at rest).

Voice Activated Finance Management

The charm of using mobile apps with voice commands is like none other. They enable users with disabilities to use your app. Even people who are cooking or driving can access your services.

Voice command allow users to multitask. They can manage finances on the go or while completing other tasks. This convenience is ideal for busy users or those who prefer a hands-free approach.

By using AI and NLP, the app can decode human language and intent. No need to memorize complex commands or navigate through menus. Users can ask their questions or give instructions in plain English.

You can also use voice recognition for user authentication, adding an extra layer of security.

Open Banking and Account Aggregation

This feature gives users more control over their financial data and a holistic view of their finances in one place. It uses APIs to access banking information in a secure and standardized way.

With account aggregation, the app securely fetches the user’s financial data from various banks, credit unions, and investment accounts. By providing all financial information in one place, it opens up a world of possibilities.

The aggregator can categorize different transactions, helping users understand where their money goes each month. Your app can leverage this data to recommend financial products tailored to individual requirements. This could be anything from a credit card with a better interest rate to a robo-advisor that aligns with investment goals.

Users can easily compare accounts and switch to providers with better rates or features. They are always in control, giving them confidence in financial management.

Fintech App Development Technologies

Technology is the driving force behind innovation in the fintech industry. It fuels advanced features and ensures the app functions without any hiccups. Have a look at what technologies you’ll need for a fintech app that’s built for 2025:

AI/ML: AI can fuel innumerable possibilities in the fintech industry. From chatbots, personalization, and data analysis to automation, there’s no limit to what AI can achieve.

NLP: NLP enables mobile apps to understand how humans work. Conversing with a mobile app doesn’t have to feel monotonous anymore.

Mobile Payment Solutions: This includes mobile wallets, UPIs, cards, and other payment integrations to cater to all users.

Data Analytics Tools: This technology helps to collect insights from user behavior and app performance.

Blockchain: Blockchain is the driver of decentralization and disruption. It’s the key to maximizing app security in the coming years.

Cybersecurity Software: A robust cybersecurity software will safeguard your app from threats.

Fintech App Development Cost

The exact expenses of developing a fintech app depend on the scope and specifications of the project. There are a ton of factors that come into play that affect the total cost of the project. Let’s understand those factors:

Project Scope and Specifications

A simple app with core functionalities like money transfers and balance checks will naturally cost less than a feature-rich app with budgeting tools, investment options, or AI-powered financial coaching.

Integrating with payment gateways, accounting software, or other financial services adds complexity and may require additional development effort or fees.

Backend Infrastructure

The amount and type of data your app stores will influence the cost of backend infrastructure like databases and servers. If you anticipate a large user base or high transaction volume, building a scalable backend infrastructure from the outset is crucial.

Tech Stack

The type of app you choose to develop and the approach taken affects the overall cost. Native apps offer the best performance and user experience but come at a higher cost. Hybrid apps provide a balance between cost and functionality, while PWAs are lightweight web apps offering a limited feature set at a lower cost.

UI/UX Design

A clean and intuitive UI is essential, but a highly customized design with complex animations will require more design resources and increase the cost. Investing in UX research upfront to understand user needs and behaviors can seem more expensive. However, it leads to a more user-friendly app, reducing development rework and long-term maintenance costs.

Third-Party Integrations

Integrating with existing financial services or payment gateways can incur additional costs, depending on the chosen provider and their fee structure.

Development Team

Developer rates vary significantly depending on the location. Hiring a team in North America or Western Europe will generally cost more than hiring one in Asia or Eastern Europe. However, consider factors like experience and expertise when making this decision.

Ongoing Maintenance and Support

Factor in the cost of ongoing maintenance to fix bugs, address security vulnerabilities, and implement new features as your app evolves.

Fintech App Development Process

Now that you know what you need, let’s get right down to what you should do. While approaching a mobile app development company is the obvious step, there are certain things you should do to ensure your idea gets across correctly. You’ll also be able to ensure the smooth execution of the development process.

Here’s what you need to do:

Market Research

The fintech market is constantly evolving with new technologies and rising customer expectations. Market research is the key to ensuring your app thrives in those dynamic conditions. It’s akin to building a house; you wouldn’t begin construction without a solid foundation. Here’s what you need to cover under market research:

Market Trends: Analyze current trends in the fintech industry. Identify emerging technologies, user preferences, and potential gaps in the market your app can address.

Competitor Analysis: Research your competitors thoroughly. Understand their strengths and weaknesses, what features they offer, and how your app can differentiate itself.

Target Audience: Define your ideal user persona. Consider demographics, financial habits, technological comfort level, and the pain points your app aims to alleviate.

Create a Monetization Strategy

A proper monetization strategy can turn your fintech app into a financially sustainable product. Here are some popular fintech app monetization strategies:

Transaction Fees: Charge a small fee for specific transactions such as money transfers, bill payments, or peer-to-peer payments.

Subscription Model: Offer premium features or functionalities for a monthly or yearly subscription fee. This could include advanced budgeting tools, investment management services, or priority customer support.

Freemium Model: Provide a basic set of features for free while offering premium features or increased functionality for a fee.

In-App Advertising: Partner with relevant financial service providers or other businesses to display targeted ads within your app. Ensure the ads are unobtrusive and don’t negatively impact user experience.

Affiliate Marketing: Partner with financial service providers and earn commissions by referring users to their products or services through your app.

Define Specifications

In this step, you craft a blueprint for your app. By defining specifications, you lay down the entire roadmap for the process and ensure that everyone is on the same page. Here are four crucial aspects you need to define:

Functional Requirements

Outline the essential functionalities your app must possess to deliver on its core value proposition. This could include account management, money transfers, budgeting tools, bill payments, etc.

Non-Functional Requirements

Define performance expectations such as loading times, responsiveness, and scalability to handle future growth. Outline robust security measures to protect user data and financial information and ensure secure transactions.
Technical Specifications
This includes the tech stack and API requirements. Choose the appropriate technologies based on the app’s functionalities and platforms. Identify any third-party APIs needed for functionalities like payment processing, account aggregation, or financial data analysis.

Development Timeline

While it can be complicated to define a comprehensive timeline, provide an estimate of when you expect to get the app up and running.

Ensure Legal Compliance

As fintech apps deal with sensitive financial data, adhering to legal requirements is paramount. Find out the various regulations that apply to your specific app’s functionalities and target market. Consider data privacy laws such as GDPR and CCPA and data security standards such as PCI DSS.

By ensuring your app is legally sound before development, you avoid any potential hiccups down the line.

Approach a Fintech App Development Company

Being a top Fintech app development company, WDI has every technology you need under one roof. From developing a fintech app to integrating AI algorithms, we have got you covered. We’ll provide you with the services necessary to ensure your fintech app is ready for the future.

Our highly experienced resources will handle your project from conceptualization to deployment. We hold your hand and guide you through the development process.

Let’s team up to build the future of fintech app!

Author: Wdipl

WDI, founded in 1999, is a leading mobile app development company. We believe in making a change with our mobile apps and highly researched blogs that explain complicated technological aspects in a simplified and enjoyable manner. We take pride in guiding mobile app startups to bring their app ideas into reality with our expertise.

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