The Payment Card Industry’s Evolution- FINTECH 2021

Banking and credit cards have been around for a long time. ATMs, for example, were previously among the cutting-edge technologies of Fintech innovation, much as technology for authenticating your signature were originally employed by banks in the 1860s. In recent years, fintech has evolved from being identified with startups to being a key component of established and legacy financial institutions.

As a result, the world’s most well-known organisations now have their own fintech nest fund. In 2019, JP Morgan invested $25 million in fintech companies. Capital One has opened fintech-infused “banking cafés” to attract youthful, technologically aware clients.. In addition, Citi introduced the Citi Developer Hub in 2016 to enable third-party programmers to test and provide feedback on application programming interfaces (APIs).Since the 1990s, credit and debit cards have similarly changed the payment sector by making it simple to withdraw cash.

Fintech companies collect massive amounts of data via their websites, applications, social networks, and sensors; analysing it is becoming increasingly difficult. It might be difficult to confront, obscure, and rather evaluate data without the assistance of big data. In general, there are three elements of big data applications in the Fintech and card sectors.

Analytics for customers
Predictive modelling
Analytical processing in real time

The need for big data analytics in Fintech applications is growing on a daily basis, driven by current difficulties. Big data has transformed value creation activities and standards in the financial services industry. To increase client loyalty and outperform competition, providers seek to innovate and improve their tools, services, and centres of excellence.

The value of big data is anticipated to increase in tandem with the growth of the Internet of Things (IoT), evolving mobile usage and technology, and more improved authentication mechanisms.

Here, we outline the most essential features of big data as they relate to the development of a Fintech solution.

1.Customers are not being connected to on a personal level-Users want to be able to resolve their concerns without having to visit a bank office, yet gathering client information is difficult. Mobile gadgets can be useful. They let companies to gather many sorts of data, such as geolocation, user interactions, user behaviour, and browser history. This information may then be utilised to compensate for the loss of face-to-face connection with clients.

2.Fintech’s Ascension on Social Media- Users build relationships with companies on social networks, and it is no more only a platform for connecting with friends and family. It is critical for FinTech firms to study customer behaviour on social media to get insights and apply them when selling products or services.Insurers, for example, might provide specific plans based on information obtained from social media, and banks/financial institutions can utilise social media data to calculate credit ratings.

3. Customer Expectations Are Changing-Customers want firms to go above and beyond. This is impossible without consumer feedback. To deliver tailored offers to clients, a FinTech company needs collect data from several channels such as their mobile app, website, social media, and smart devices.

4.Increasing Data Volumes- According to some predictions, the average individual will create 1.7 gigabytes of data every second in 2020. This equates to 2.5 quintillion bytes each day for all internet users. FinTech firms are suffering as a result of current trends that employ IoT, artificial intelligence, social media, and mobile technologies to acquire enormous amounts of data.

5.High Levels of Competition in the Sector- The FinTech sector is expanding at an exponential rate, drawing an increasing number of entrepreneurs, startups, and existing enterprises. The ability of a FinTech product to deliver a service is critical to success in this competitive industry. Big data enables businesses to optimise their operations in real time and provide the finest services to their consumers.

The FinTech sector is expanding at an exponential rate, drawing an increasing number of entrepreneurs, startups, and existing enterprises. The ability of a FinTech product to deliver a service is critical to success in this competitive industry. Big data enables businesses to optimise their operations in real time and provide the finest services to their consumers.

It is not simply accurate data that assists firms in determining their future moves. Big data platforms enable organisations to analyse information, summarise it, and draw useful insights using banking and financial services analytics. This gives businesses a bird’s-eye view of their operations and clientele, allowing them to make better strategic decisions.

June 22, 2021June 22, 2021

Best Technology for HealthTech Apps in 2021: Native or Hybrid

We have predicted based on the study of long-term experiences, trends indicate change in a digitally focused future. For many businesses, this means finding digital solutions at scale. As these trends are not slowing down, industries such as healthcare are increasingly adapting to new digital healthcare markets by increasing their innovation. Given these trends, it is time to develop a mobile app. While there are many benefits to going mobile, successful apps require due diligence and careful preparation before going into the build phase.

This means devoting a fair amount of time to researching and testing different types of app builds depending on your business goal, product, and situation. In the world of mobile apps, there’s an important technical choice you need to make before you start building, either native app code or a hybrid framework. This article will explain and compare these two options to ensure that your business is making the most effective and sustainable decisions. To begin, let’s begin to discuss each approach with an explanation.

Difference between Native & Hybrid Apps

Before you can decide which app is right for your business, you need to have a solid understanding of both approaches. Expert-level knowledge isn’t necessary, but knowing the differences between these options is the key to choosing the best build style to help your app flourish. In the past, Native and Hybrid approaches were generally used interchangeably. The pros and cons have been pitched against in style.

While both have their advantages and disadvantages, there is no longer crystal clear segmentation between these types of apps. Both approaches have evolved. Therefore, comparing the overall characteristics of both gives a more clear direction as to which type will work best for you.

Security and HIPAA / PIPEDA

Before we differentiate between app technologies, let’s talk about one major security similarity. For any app, security is an essential priority, but healthcare apps have to meet additional security requirements. All health care apps must, under law, be compliant with the Health Insurance Portability and Accountability Act (HIPAA) in the United States and the Personal Information Protection and Electronic Documents Act (PIPEDA) in Canada.

Additionally, some provinces in Canada have their own rules that must be followed. Since health data is more personal and sensitive than the information used in other mobile apps, these apps need to be well protected. A breach could cost your company millions of dollars and consumer confidence. So from the moment you start developing your app, security should be a priority, whatever the type. At Winklix, we follow privacy by design principles to ensure privacy and security from the very beginning.

Native Apps

Native apps are mobile applications that are developed and programmed for a particular operating system (OS). Under which the two main operating systems are iOS and Android. Native iOS apps are coded in Swift or Objective-C, while native Android apps are written in Java or Kotlin. Mainstream examples of these apps include WhatsApp, Spotify and Facebook.

As long as you have an internet connection, these are mobile apps that you download to your device and can use at all times. Actual development can vary between iOS and Android apps, but the benefits of Native apps are generally the same across the board. These benefits can be found in the table below.

Hybrid Apps

Hybrid apps are mobile applications that have been developed to accommodate multiple operating systems (OS) with the same codebase. A hybrid app appears as a native app that can be downloaded by a single user and connects to most of the capabilities provided by the OS. Some examples of hybrid apps include Instagram, Pinterest, and Uber Eats.

Some of the top frameworks for hybrid apps include Flutter, Xamarin, and Ionic. However, React Native is becoming a more popular framework option. React Native, created by Facebook, is currently the most popular way to build hybrid apps through cross-platform frameworks when building apps for both iOS and Android Allows for greater speed and flexibility. This framework is gaining more market share as compared to other hybrid frameworks such as:

Codepush, which provides the ability to update apps on the fly without approval from Apple or Google

React.js, a web framework also created by Facebook, uses the same building blocks as React Native, allowing logic sharing between web and mobile app projects

Large community support with many leading companies building their apps with React Native.

With continuous development, Facebook is making React Native easy to use, so it is able to increase its market share every day.

Note on Progressive Web Apps

Before continuing, it’s important to touch on Web Apps. Web apps are just what they sound like applications that users can access on the Web through their Internet browser. They are not standalone apps that you download, so they do not take up any storage space or memory on your device. The advantage here is that users just have to open Google Chrome or Safari, load the webpage, and they are all set.

On the other hand, relying on a persistent internet connection makes the application susceptible to poor performance. If the browser or connection isn’t working, your app might not work either. Some examples of such apps are Lyft and AliExpress.

Although these sites are fully functional in the browser, the brand still has native apps available for download. The reality is that most people are still going to the App Store and Google Play Store to find popular products that will be worth using on the go. Thus, creating a native or hybrid app is still a major priority for businesses across all industries. Due to the rapid development of native and hybrid apps, web apps are not used as often as they used to be. This does not mean that they should be exempted. The world of progressive web apps continues to improve. More browsers, more capabilities, more distribution options and other features make them attractive.

How do you Decide which Approach to take?

These apps are gradually increasing in constant recognition and giving good results, and their reliability improvements have been released. In fact, determining which app building approach is right for you is challenging. There are many factors to consider in your decision-making process, such as user research and analysis, talent required, long-term planning, cost of manufacturing, development time and hardware/Bluetooth integration.

The decision to build a native or hybrid app should be based on your business objectives. Before moving towards development, you must consider the following questions:

Do you prioritize time to market or optimum performance?

How many complex features do you need for the product to work properly?

How much do you value user experience?

Answering these questions, and more, is the key to unlocking the best decisions on your app building journey.

Special Considerations with Healthcare Apps

There are some special considerations to consider if you want to build a healthcare app. Furthermore, unlike apps in other industries, healthcare apps rely primarily on two unique factors: security and interoperability, which we’ll discuss as follows:

Security

As summarized above, security is of the utmost importance for healthcare apps. Every system and connection with access to healthcare software poses a cyber security risk, so the data found in these apps must be well protected. The security vulnerabilities of these apps depend mainly on the platform itself and how well the code is written. The easier it is for hackers to access the code and software, the greater the risk to your app. Examples of some solutions to ensure the security of healthcare apps include:

Load Balancers, Firewalls and VPNs

Two-factor authentication

Secure socket technology

Data wipe

App testing and updates

Interoperability

Healthcare apps should strive to be compatible with the traditional healthcare system. Mobile health information devices and systems must be able to access, exchange, integrate and use data cooperatively with traditional systems that cross borders or boundaries. This adaptability results in timely and seamless portability of information, and optimizes the health of individuals and populations globally. While this is not always achievable due to technical limitations or data privacy restrictions, the interactivity of healthcare apps should always be considered.

Wrapping Up

Deciding to build an app for your business is a very simple decision. The hard part is determining which benefits from each app creation approach will actually ensure the app success of your business. It requires a lot of research and evaluation before you can be sure that your decision is the right one. Using the information presented in this article, you will be able to measure the benefits each approach provides by evaluating it against your goals, product and position.

If you’re ready to take the next step and start building your app, contact us today. We’ll walk you through the entire process, and get you on your way to meeting your business mobile goals.

June 10, 2021June 10, 2021

8 Highly Successful Angular Apps to Inspire an App Project

When a product comes from Google’s home, you can expect it to be amazing. Angular is an amazing component-based framework built to create efficient and sophisticated single-page web applications.The angular structure has not only gained mass popularity in recent years, but has done so despite it. Rise of many new, new rivals. For a framework to maintain high levels of developer trust for so long it makes it worth watching. In this blog post, we’ll take a look at some of the best angular features that make it a highly demanding app development framework for a wide variety of app development projects.

We will look at some of the most popular websites and apps built with Angular and explore the immense power of Angular technology. Angular applications are comprehensive and versatile in their scope and functionality. Some of the world’s largest brands rely on the AngularJS Framework to deliver an unmatched user experience. Angular apps are as powerful as they are diverse and offer extremely fast loading speeds, high-quality performance, and stellar UI / UX.

Basis of Angular

An open-source JavaScript framework is ready for creating AngularJS dynamic web apps. Maintained by Google, it aims to grow web-based applications with model-view-controller (MVC) capability. This makes it easy to develop along with testing. AngularJS lets you extend the HTML terminology and syntax for your application, helping your apps to be readable, expressive, and developed.

AngularJS is a completely client-side solution that handles DOM and AJAX Glu code, giving it a well-defined structure, reducing many pain points throughout the development cycle. Our experienced Angular developers create complete solutions to give you a robust and well maintained responsive web app. Angular App Development Services provides you with a highly sophisticated framework for creating high-performance apps that are liked by your users.

Angular vs AngularJS

AngularJS is over 10 years old, making it one of the oldest application development frameworks. It was developed by Google in 2010, and was, at the time, a major app framework. For many years, the Google team continued to upgrade to Angular JS. In 2016, Google launched an entirely new version of AngularJS. It was then that he decided to leave JS and call it Angular only.

Google will continue to support AngularJS until June 2021 and Angular – the new version will be Google’s primary impetus. Being a time-tested framework, Angular has shown extreme reliance over the years and only gets better with new updates. Despite the increasing popularity of new options such as React Native and Woo, some Angular features are so unique and useful that app developers still choose them for their app development.

Features of Angular that Improve App Development

Being a time-tested framework, Angular has shown extreme reliance over the years and only gets better with new updates. Despite the increasing popularity of new options such as React Native and Woo, some Angular features are so unique and useful that app developers still choose them for their app development.

MVC Architecture

Angular is built on what is called the Model-V-Controller architecture. The application data is controlled by the model, while the data display is controlled by the view component. These two have the function of coordinating the controller and various components with three, MVC architecture allowing developers to split the app and write code to add the same. Angular makes it even easier by allowing developers to simply split the application and Angular does the rest.

Low Code Framework

Writing long code is fun, no developer ever said. We love a framework that finishes the work in more concise, less verbose code. That’s exactly what Angular developers do. Compared to many other front-end technologies, Angular Model View and Controller cuts coding significantly by not writing separate code to add components. Additionally, no specific code is required for manual viewing. Since the instructions are isolated from the app code, it also goes a long way in reducing the code. As a result, Angular offers developers a fairly short-code framework for developing apps.

Two-Way Data Binding

Angular’s two-way data binding is one of its best features that significantly reduces development time. The model layer and the view layer remain in full sync and any changes you make to the model layer are easily visible in the view, allowing you to easily make changes.

Dependency Injection

Another notable feature in Angular that helps reduce app development time and increase developer comfort is dependency injection. Essentially, dependency injection is a design pattern in which objects are passed to other objects to perform related tasks, thus effectively dividing the task between different services. It creates service instances and injects them into classes such as components and services. Dependency injection helps to increase modularity and flexibility in applications.

Rich Ecosystem

The tool or technology for app development should always be selected based on its ecosystem. It refers to libraries, extensions, and other components of functionality improvements that enable a framework to be enriched and overused. Angular excellence in this department. It is a robust framework with many inherent functionalities. Developers do not need to waste time installing many different extensions when developing with Angular. If you want anything special. However, there is an option to choose from a large number of eternal resources. Thanks to its rich ecosystem, Angular is one of the ones to develop strong apps with advanced UI / UX and features.

Angular CLI

The Angular CLI is one of the best command-line interfaces in the industry offering state-of-the-art features that reduce JavaScript fatigue and help automate development workflows. It helps developers to initialize, build, develop, scaffold and maintain Angular applications directly from the command shell. Like this you don’t

All the necessary dependencies are to install and configure and to waste time wiring it together.

Virtual Scrolling

Virtual scrolling allows better loading and unloading of visible DOM elements, enabling an efficient method for item simulation. This is a feature that was added to the Command Development Kit (CDK). As the developer scrolls, it shows the visible DOM elements and the next list is displayed.

Typescript

Talking about frontend development, TypeScript has been the top choice of developers. It is fast, concise, highly efficient in identifying bugs and providing a seamless experience to developers. TypeScript automatically populates the root file configuration, making compilation easy. Angular’s use of TypeScript gives developers unmatched ease of use and functionality.

Best Popular Apps Built With Angular

Since its inception in 2010 and its complete relaunch in 2016, Angular has been used by many businesses to develop their app. Some of the most well-known Angular app examples, as well as popular Angular website examples, are listed below:

Gmail

You have used it day to day for years. Angular was chosen by the world’s most used email service when it came time to create a mobile app. If you have ever noticed some of the subtle but powerful features of Gmail, you can feel the power of Angular at work. Angular is made possible by an extremely simple user interface, extremely fast loading times, offline capabilities, and a great user experience.

Angular is a Google product. Therefore, it makes complete sense to choose it to create their signature email app. However, there is more to Google’s decision to build a Gmail app with Angular. Gmail is a single page app. It caches the data in the backend and renders it in the front end. While loading it can take a few moments at first, once the app is loaded, you can open and close emails very fast, even accessing them offline.

Upwork

The world’s largest freelancer platform – Upwork is a busy platform that is visited by millions of people every day. Upwork is another great angular website example. It is a Paa or platform as a service site that connects millions of freelancers worldwide to employer clients who need their services. Because working on upwork involves significant traffic, international payments, escrow and many more. For sensitive tasks, fixing the framework was a priority. Angular drew it with its strong architecture and great functionality. Data security, which is clearly a major priority for Upwork, is fully controlled by Angular.

Youtube TV

YouTube TV is Google’s response to Hulu + Live TV and AT&T TV Now. Launched in 2017, it gives its audience affordable access to many live events. Available on Android TV, Apple TV, Chromecast, Fire TV, XBox One and others, YouTube is another high-traffic application that was created using Angular. It not only offers a stream of live content, but also allows users to record as much content as they want, offering unlimited storage for up to nine months. The heavy lifting shows the raw power of Angular’s ability to create apps that perform an angular application with YouTube TV.

Microsoft Office

Another application you have probably used today is Microsoft Office Online, an Angularjs website that provides free access to all major applications such as Word, Excel, Outlook and PowerPoint. As you can imagine, all these heavyweight functions are readily available with all major platforms – Windows, Android, iOS and Angular.

Udacity

One of the world’s most popular eLearning apps – audacity is widely used by people for online learning with structured courses that help them to enhance their careers. With hours on online courses, hundreds of thousands of students and teachers, and vast reserves of online video content, Udacity needs a strong frontend and backend. Thanks to Angular’s MVC architecture, Udacity runs these courses without interruption and gives students a seamless learning experience.

Paypal

A big name in online payments, PayPal makes international payments easier. PayPal enables online payment with only one email address, providing maximum user protection. You do not need to disclose more than this to your payer. PayPal is one of the most popular apps built with Angular. With over 300 million active users, PayPal needs a huge system that can handle transactions with maximum security. Angular technology makes this possible with its advanced integration opportunities. Uninterrupted checkout, quick but secure authorization, and intuitive interface make PayPal what it is today and is only possible due to Angular.

Forbes

When it comes to names like Forbes, users expect no less than stellar quality. Angular helps provide that quality to the Forbes application. Forbes, a magazine that has been in vogue for over 100 years now and has successfully managed to become a commander in both the digital as well as publishing world, gives high respect to aesthetics. This ensures that its digital magazines look as beautiful on all platforms as its published copy. Angularjs web development ensures this happens. Digital editions of Forbes magazine look great on mobile web browsers, desktops, and everywhere else.

Weather.com

Weather.com is not only a reliable source of weather forecasting, but also has an attractive interface and unmatched user experience. With more than 126 million users per month, Weather.com manages to remain clean, navigable, and aesthetically despite the plethora of information. From forecasts, news and entertainment to local guides and interesting facts, Weather.com does it all and does it with grace. Angular for MVC architecture enables unmatched functionality. Angular makes high-quality performance possible, by storing the modules in separate directories and allowing teams to work independently on different elements of the website.

What Apps Can be Built with Angular

Now that you have seen 8 very popular Angular app examples, you have probably got an idea of Angular’s very versatile powers. If you are an entrepreneur, a startup, or an SME, wondering what Angular is used for, well, you can build a variety of applications with Angular. Angular can help you create a single page app, progressive web app, enterprise app, offline app, e-commerce app, app with compelling animations, and more.

Angular is also perfect for building server-side render (SSR) apps. These are quick-loading, high-functionality apps. In fact, no matter what kind of app you are hoping to create, Angular has you covered.

Conclusion

To include it in the app, no matter what business you are in, Angular has a feature set that fully meets your needs. From reducing development time to cutting development costs, Angular Framework provides the right solution for your app. Additionally, Angular has a very active online community that builds it. Angular app and web development is easy to troubleshoot, learn and move forward.