Ben Louie

Ben Louie

1639470128

How much does it cost to develop a crypto exchange?

This will be the most common question that would raise in many entrepreneurs’ minds once they are ready to start a crypto exchange. To be straight, let me share some of the general factors that affect your pre-determined investment plan to launch a crypto exchange,
 

-> Adding premium customizations to your crypto exchange

-> Enabling certain trading & security features in crypto exchange
-> The development team size that you assign 

-> Type of exchange you choose

-> Partnership with the payment processor 

-> License for the exchange & some more.


These are some of the general factors that may determine the cost of your crypto exchange. If you are eager to find out the approximate cost of developing a crypto exchange, then I would like to suggest a blog about the cost involved in launching a crypto exchange for your reference that explains the most relevant content regarding crypto exchange development costs.

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Eva Watson

Eva Watson

1621420849

How to get the best crypto Exchange Development Services?

Antier Solutions is a globalized dynamic blockchain development company, assisting the clients with the finest Crypto Exchange Development Services in the market. Being one of the pioneers in the cryptocurrency exchange software development, we also offer instant White label cryptocurrency exchange platform, scalable according to the customer’s requirements, and simultaneously ensuring that the vital factors such as flexibility, transparency, security, controllability, and accuracy are met. We also have cybersecurity experts to protect your assets in the most efficient way possible.

For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)
Email: info@antiersolutions.com

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Eva Watson

Eva Watson

1615353436

Antier Solutions | The best crypto exchange software development company in the world

Antier Solutions is a leading crypto exchange software development company in the USA offering a comprehensive range of services to deliver the world’s best crypto exchange platform. Antier Solutions has a team of skilled blockchain developers who couple their expertise and knowledge to develop top-notch exchanges fortified with best-in-class features. At Antier Solutions, they deliver result-oriented services to deliver meaningful outcomes that help to increase investors’ interest and accomplish your business goals. For details, visit Antier Solutions.
Email: info@antiersolutions.com
For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)

#crypto exchange software #crypto exchange development company #cryptocurrency exchange software #crypto exchange platform software #crypto exchange development #crypto exchange development company

Eva Watson

Eva Watson

1616571352

Hire the best Crypto Exchange Software Development company

Do you need a platform to exchange digital currency?
Build the latest crypto trading software which can be trusted blindfold. Shake hands with the best-in-class white label crypto exchange software development company that can develop a customized exchange or wallet as per your requirement. Our skilled team of developers incorporates all the latest features in your exchange software which can provide a seamless trading experience to the users. To know more about our crypto trading software, feel free to call our blockchain experts.

For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)
Email: info@antiersolutions.com

#crypto exchange software development #crypto exchange software #crypto exchange development #crypto exchange development company #cryptocurrency exchange development company

Eva Watson

Eva Watson

1614666944

Schedule a free software demo to starting a crypto exchange

Are you starting a crypto exchange of your own, but don’t have very much about crypto trading platforms?
Fret Not. Antier Solutions can help. At Antier Solutions, our powerful bitcoin exchange software can help you hit the road running. Our exchange software provides a holistic solution and is the only thing you need to launch a successful cryptocurrency exchange. Our team has many years of experience in the design, development, and implementation of solutions for global corporations. This experience enables us to fully understand and evaluate the requirements and challenges associated with delivering new, innovative technologies to companies. Drop us an email to get a free demo today!
For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)

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Banking App Development Cost - 8 Hidden Factors

Since 1994, Digital banking has been here. It is a very long time, but digital banking through mobile devices is entirely new to the banking industry. It all started when Atom became the first digital-only bank in the UK.

Nowadays, Tech-savvy customers expect corporations to support their digital movement, and because of this, almost every industry has adopted technologies to stay relevant with these modern customers. Most of the newbies who plan to develop a banking app have two questions in mind: “What is the cost of developing a banking application” and “Which hidden factors affect the cost of developing a banking app?”

You can get all the answers to these questions here, because this article will take you through the cost of developing a banking app, the features of banking apps, and much other pertinent information. After reading this, you will be able to plan better for your mobile banking app development. But before directly jumping into the cost of mobile banking app development, let’s take a look at the global digital payment market size of mobile banking.

Global Digital Payment Market Size

According to GlobalNewsWire, by 2026, the Global Digital Payment Market size is estimated to reach $175.8 billion, rising at a market growth of 20% CAGR during the forecast period.

Around 23% of millennials use mobile banking apps daily.
Around 49.2% of total smartphone users use mobile banking apps.
41% of Americans said that mobile banking apps had minimized their concerns about managing finances.

Banking app development cost

Data Source: Statista

As you can see, the data clearly indicates that the percentage of smartphone users are increasing day-by-day. Therefore, by engaging in your own mobile banking app development currently, you will be able to take advantage of the growth in mobile users. But, the cost of developing a banking application depends on so many factors like the platform, features, technologies, and so on.

Mobile banking app development cost

Cost of developing a banking app depends on various factors. To give you a rough idea of the mobile banking application development cost, the total development time for a fully-featured app sums to 3760 hours. Considering hourly rate for fintech projects of $25, the cost of developing a feature-loaded banking app stands around $94k.

Banking Application Development Cost depends on different phases such as:

  • Research and Planning
  • UI/UX Design
  • Development
  • Testing
  • Maintenance and Support

8 Hidden Factors of Costs of Mobile Banking App Development

1. Push Notifications

It’s not easy to imagine an app that does not utilize this necessary mobile capability. Push notifications always increase your users’ engagement with your mobile banking app and encourage the desired action. Push notifications are of three types:

  1. Transactional notifications notify users about their account updates.

  2. The Application-based notifications indicate when the mobile banking app requires the user’s attention, whether related to the password change requests or document submissions.

  3. Promotional notifications are to grab the attention of customers to offer discounts and attractive deals.

2. Chatbot Integration

For most users, mobile banking has a steep learning curve, and due to that, the customer will require immediate assistance on various occasions. Hence, creating a chatbot for customer service is the best way for many institutions to improve their customer service availability. The chatbots will save you a lot of time and money, whilst providing customer support 24/7. But this feature has a separate development process, and therefore you have to pay separately for this.

3. Servers

Servers are where your mobile banking app will be hosted. If you are not with the largest enterprises, you will want to outsource hosting from Amazon, Azure, or Google, which will result in more costs.

4. Content Delivery Network

A CDN is a system that is used to deliver content to the app based on the origin of the content, the content delivery server, and the geographic location of the particular user. In simple words, if you have users across the globe, and they have to keep coming back to one far off location to access the content, then the app will not perform in a good way. So, if you want your mobile banking app to perform effectively, you should use a content delivery network, because it reduces the app loading time and also increases the responsiveness of the app.

5. Development Tools

If you want to use paid deployment tools like iBuildApp, Appy Pie, and IBM MobileFirst, to develop your mobile banking apps, you will need to subscribe to them over the lifespan of your app. This will also affect your banking app development cost.

6. Android and iOS Updates

As we all know, both platforms constantly release updates, and those updates require maintenance. Depending on the extent of maintenance required, the cost in the long-term can sometimes be significant.

7. APIs

Every mobile app usually has multiple third-party APIs that they interact with, especially at the enterprise level. If you make changes to any of these applications, they will require periodic maintenance of your APIs. For instance, Facebook updated their API version four times in 2016; now, what if you want to integrate with Facebook? You will need to update your app to accommodate those changes.

8. Bugs

As you know, every app has bugs, and not even a single developer can assure you that there will be no bugs in the future in your app. It’s just that sometimes they go undiscovered for months or even years. User communities are not kind to apps that are slow to address the issues that they have reported.

Conclusion

The cost of banking application development not only depend on the features of the banking application, but they are also heavily affected by the hidden factors I have mentioned. The primary issue with mobile banking app development cost is the amount of individual components that you need to gather. Each of them can cost thousands of dollars, and these costs will continue throughout the lifespan of your app. However, the rewards that come from a successful mobile banking app development project are huge.

Pro Tip: The cost of developing a banking application greatly depends on the hourly rates of programmers and the expertise of the team. FinTech experts are able to complete these projects much more efficiently.

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