Why Should Fintech App Startups Choose Flutter?

Looking to build an app for your business that offers financial services for your clients, such as investment advice, and addresses other finance-related concerns? Well, that’s not a cakewalk as it requires speedy processing and prompt responses. In this regard, Flutter is one of the preferable options to build a robust and secure app on Android and iOS. 

To get more into the details, this blog is all you need. It is well curated by the expert minds of DianApps who ace Flutter and have sound experience in Fintech app development services. Through this article, you will explore its super-fast performance capabilities, cross-platform functionality, and how its robust UI framework makes it a market winner. We’ll also give you major insights about how Flutter creates eye-catching and user-friendly interfaces. 

So, let’s give it a quick read and know how it could change the way to success for your business!

Why Flutter-built Fintech Apps Are Ideal Choice for Startups?

Power of Flutter for Exceptional Design Experiences

In the fintech sector, where user experience plays a vital role, the collaboration between Material Design and Flutter offers a compelling solution for creating powerful UI experiences. With Flutter’s integration of Material Design principles, fintech apps can deliver a seamless and intuitive user interface, akin to native mobile applications. This partnership ensures a smooth user experience with zero learning curve, enhancing user engagement and satisfaction.

Flutter’s extensive collection of customized widgets for both Android and iOS further enhances the native feel of fintech apps. The wide-ranging widget catalog provides developers with the flexibility to create visually appealing and highly functional interfaces tailored to the specific needs of fintech users. By leveraging Flutter’s robust UI capabilities and Material Design guidelines, Fintech apps can offer a compelling and user-friendly experience that drives adoption and retention.

Accelerating Application Development with Hot Reload in Flutter

In the fast-paced environment of fintech app development, Flutter’s hot reload feature proves invaluable. This functionality allows developers to instantly experiment, iterate on UI designs, integrate new features, and debug applications in real time. With hot reloading, changes made in the code are reflected immediately, enabling developers to visualize updates and continue code execution seamlessly. 

In the context of fintech apps, where agility and responsiveness are critical, Flutter’s hot reload accelerates the development process, facilitates rapid iteration, and ensures that developers can efficiently fine-tune app functionality and user experience to meet evolving market demands.

Cost Efficiency of Flutter Financial Apps

Facing the challenge of mobile app development services for the fintech industry, one of the core decisions is taken based on the choice between native and cross-platform and native approaches. While native apps require separate teams for iOS and Android, Flutter offers a cost-efficient alternative. Opting for native development mandates hiring teams proficient in Swift/Objective-C for iOS and Java/Kotlin for Android. Expanding for web compatibility necessitates further expertise. 

Conversely, Flutter finance apps streamline development with a single codebase for both platforms. This reduces costs and time, making them an attractive option for fintech ventures seeking efficient, scalable solutions without compromising quality or performance across multiple devices and platforms.

Unlocking Future Competitiveness with Flutter Banking Apps

In the transition from Web 2.0 to Web 3.0, the banking and fintech sector faces increasing digitization and competition, necessitating a robust digital strategy for personalized services. Fintech companies must continually innovate their mobile and web applications to meet customer demands swiftly and securely. 

Flutter emerges as a key tool for innovation, enabling rapid development and testing of features across all devices simultaneously. Supported by a vibrant community and extensive libraries, Flutter accelerates UI development and iteration, allowing fintech apps to adapt quickly to user expectations. Its efficiency is evident in challenges where Flutter developers replicated complex designs in significantly less time compared to native solutions, showcasing its potential for accelerated innovation and competitiveness in fintech.

Ensuring Flawless Performance with Flutter Applications

In fintech and banking apps, performance is critical for customer engagement and retention. Flutter fintech apps stand out due to their fast performance, achieving up to 60 frames per second (fps) and even up to 120 fps on devices with 120Hz updates, matching native solutions. Powered by the Skia 2D graphics engine and Dart platform, Flutter ensures glitch-free graphics and native-speed execution. 

Compared to other frameworks like React Native, Flutter excels in performance as it eliminates the need for bridges between JavaScript and native modules, resulting in fully native processes and faster execution. Flutter’s DevTools further facilitate performance monitoring with features like Flutter frames chart, Timeline events chart, and CPU profiler, empowering developers to optimize app performance effectively.

Also read: Performance Tips Every Flutter Developer Should Know

Simplifying Future Maintenance with Flutter

After launching a fintech or banking application, ongoing maintenance is crucial for its success. Flutter simplifies app maintenance with its cross-platform capabilities, as acknowledged by ING Business when they chose Flutter for their banking app. Despite Flutter being relatively new in 2020, ING Business found its cohesive UI for Android and iOS, reduced development costs, quick implementation of new features, and simplified maintenance process compelling reasons to adopt the framework.

 With Flutter’s shared codebase, developers can test and fix bugs across all platforms simultaneously, utilizing features like hot reload for swift issue resolution. The streamlined code structure further facilitates bug identification and resolution. Flutter emerges as an advanced tool for optimizing application development and maintenance, from initial stages to ongoing upkeep, ensuring seamless user experiences and staying ahead of the competition in the fintech industry.

Security Assurance in Flutter Fintech and Banking Apps

In fintech and banking applications, security is the topmost priority, including identity management, data security, cybersecurity, and compliance with international and regional regulations like KYC, GDPR, and more. While ensuring application functionality and authentication methods are vital, securing the code itself is equally critical. Flutter stands out in this aspect due to its programming language, Dart.

Flutter fintech apps are inherently more secure than native apps primarily because Dart is compiled directly into machine code, making reverse engineering significantly more challenging compared to native languages like Java. Additionally, Flutter allows for code obfuscation, further complicating reverse engineering attempts. Moreover, Flutter leverages native platform capabilities, enabling the use of native APIs for security measures such as iOS Keychain services and Android KeyStore system. Biometric authentication options like Face ID and fingerprint scanners can also be seamlessly integrated into Flutter fintech apps, ensuring robust security measures across platforms.

A Multi-Module Approach in Flutter Scales Up the Capabilities of Fintech Apps

The multi-module approach in Flutter offers significant benefits for fintech app development companies with existing native banking or fintech applications. It allows developers to seamlessly integrate cross-platform modules into native applications, facilitating the rapid implementation and testing of new functionalities. With Flutter, companies can quickly add features like cryptocurrencies, savings accounts, buy now pay later options, and fast payments to their apps.

In practice, this approach enables multiple teams to work concurrently on various modules, accelerating development and innovation. In a recent banking project, our cross-platform development team gradually integrated Flutter into native applications, allowing for hybrid flows where native and Flutter modules communicate seamlessly.

The outcome? End users experienced a seamless transition, with Flutter fintech app screens indistinguishable from native ones. The revamped application boasted lower failure rates and superior performance, with new modules serving millions of users. Overall, the multi-module approach in Flutter empowers fintech companies to innovate rapidly and deliver enhanced functionalities to their users efficiently.

Leveraging Firebase Backend Integration for Instant Startup Appeal

For fintech startups, leveraging Firebase with Flutter offers a compelling solution to streamline backend development and accelerate app deployment. With Firebase’s comprehensive suite of services, including cloud storage, real-time databases, authentication, and cloud functions, fintech companies can quickly build scalable and secure applications without investing resources in developing and managing backend infrastructure.

This integration also enables fintech developers to seamlessly incorporate Firebase into their Flutter apps, enhancing the automation of release and development processes. Tools like Fastlane facilitate continuous delivery, allowing teams to rapidly iterate on app features and deploy updates to users efficiently. By leveraging Firebase with Flutter, fintech startups can focus more on innovating and delivering value-added features to users, while benefiting from a serverless, scalable, and redundant infrastructure that supports the demands of the fintech industry.

Future-proofing with Flutter By Integrating with Google’s Fuchsia OS

Fuchsia, Google’s upcoming operating system, is set to revolutionize the tech outlook, heavily relying on Flutter for its development. Expected to merge Chrome and Android functionalities, Fuchsia will power many IoT devices and likely serve as the foundation for virtual and augmented reality advancements. 

Regardless of its specific features, Fuchsia’s impact is anticipated to be massive. Its integration with Flutter signifies the importance of the cross-platform tool, offering startups a host of benefits. These include customized design capabilities, streamlined development processes, and future-proofing. Consequently, Flutter has become a must-have for app entrepreneurs seeking innovative and efficient solutions for their startups.

You may also want to read: What do you expect from Flutter 4.0: New and Improved?

Why Choose DinaApps as a Flutter App Development Partner for your Fintech Project?

With extensive experience spanning across diverse global markets such as the USA, Australia, Canada, and India, DianApps has established itself as a leading provider of FinTech solutions. From basic FinTech apps to integrating advanced Flutter technologies, our team offers comprehensive expertise to meet varying client needs.

What sets us apart is our client-centric approach, where we prioritize understanding our client’s unique requirements and surpassing their expectations. By immersing ourselves in our clients’ perspectives, we ensure the delivery of successful apps that not only meet but exceed their needs, aiming to elevate their brand’s position within the industry.

DianApps stands out among offshore app development companies, offering unparalleled FinTech software development services. Don’t hesitate to explore our offerings and reach out to us – let’s collaborate to bring your vision to life!

In a Nutshell…

The Flutter app development framework is all set to make strides in the upcoming business scenario and bridge the gaps in the tech world. For most of your mobile app startup needs, Flutter is the way to go. 

Having backed by credentials and a growing community, Flutter is also trusted by various tech giants and global enterprises such as Nubank, Google Pay, or Nextbank, to smaller fintech startups (such as Fennel, Cheddar, or Capital on Tap) that add to the most of the tech innovations in the world. The cross-platform framework has a lot more to contribute as compared to its counterparts. 

New businesses with budget gaps, looking forward to growing and amplifying with the fintech business model usually find Flutter as the ideal option for their project. Now, that every fact goes in favor of developing a fintech app with Flutter, when are you starting? Business owners, from all over the globe have already started working on this opportunity and hiring top Flutter app development companies to take the journey of fintech innovation ahead.