The financial technology sector has changed people’s habits regarding money management, payment, investing, and accessing different financial service sectors. Such innovation, however, is accompanied by a huge responsibility: guaranteeing every single transaction’s safety and also keeping up with the stringent regulatory requirements. Fintech apps are expected to provide security and be compliant with the regulations. As the number of cyber threats increases, the threats become more sophisticated, and the compliance laws vary from country to…

Fintech applications are places where the most strict regulations exist and the greatest dangers are encountered. In addition to this, presenting sensitive financial data and executing real-time payments are processes that, if there is even a slight technical oversight, then, it can cause compliance violations, financial losses, or damage to one’s reputation. Therefore, the selection of a developer team is not only a matter of tech—rather it is a decision that has a pivotal impact…

Fintech​‍​‌‍​‍‌​‍​‌‍​‍‌ startups are revolutionizing the way people bank, pay, invest, and handle their finances. Today’s fintech offerings, which range from digital wallets and lending platforms to investment and payment apps, must integrate innovation with a set of stringent security and compliance measures. The industry, unlike many others, has very little margin for mistakes – data breaches, regulatory violations, or payment errors can lead to the loss of user trust that may be impossible to regain.…