What makes open banking a revolutionary change in the banking sector?An answer to this question lies in the total digitalization of the industry.Banking has remained a closed sector from time immemorial for exerting a monopoly on the majority of financial services.Today, the thriving fintech domain gives customers the right to choose an alternative.Thanks to the revised Payment Service Directive (PSD2) in Europe, all banks have to switch to the Open Banking model.Let’s understand why open banking is considered a revolution in the fintech sector and how a customized fintech app solution can leverage this concept.
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Before the emergence of the COVID-19 pandemic, the healthcare sector has started implementing virtual technology, but it was not much prevalent.A bi-annual survey of US-based physicians has revealed that prior to the COVID-19 outbreak and at the beginning of the year 2020, only 19% of physicians had initiated some form of video visits.Simply put, the COVID-19 pandemic has acted as a catalyst in increasing investment in virtual health applications.It all started more than a decade ago.At that time, virtual health was regarded as a game-changer in the industry, but as advancing technology made virtual health possible for healthcare organizations across the world, its adoption remained rather slower than expected.Then during this pandemic age, the healthcare sector witnesses smaller declines in total visits in adult primary care and behavioral health segments.
Flutter Engage- Google organized this event on March 3, 2021, for launching Flutter 2.0.Known as a landmark launch, Flutter 2.0 has a lot of features and patches that make this framework extraordinary for developing robust cross-platform apps.Mobile app development companies used Flutter for developing android and iOS apps, but the latest Flutter 2.0 enables developers to build customized apps for other platforms including Mac, Windows, embedded devices, and Linux.What’s more, this version enables developers to come up with customized web apps that can be used on the browser.Flutter 2.0 is a stable version and resolved over 24 thousand issues while merging over 17 thousand PRs from 765 contributors.What’s more, volunteers have reviewed over 1500 PRs.
It all started in early December 2019 when the first case of coronavirus was reported.It was March 2020 when the pandemic hit all the countries hard and kept healthcare professionals on their toes.Though the world unitedly fights against this invisible yet invincible enemy, the disruption it has brought is painful for the healthcare industry.Many health organizations still face shortages of supply, staff, and support.However, thanks to the support of evolving technology, the healthcare sector has shown great resilience against the pandemic.Even the World Economic Forum has mentioned that “the industry’s response has vividly demonstrated its resilience and ability to bring innovations to market quickly.” But, here a question arises- can the healthcare sector afford to put this innovative approach and resilience on the back burner once COVID-19 comes under control?
The real part is EHR optimization because it includes a whole set of processes that require your attention after integrating the EHR into your existing system.Since 2008, the adoption of any EHRs has more than doubled or from 42% to 86%, and this percentage keeps on increasing over the period.However, with the increasing adoption of the EHR, the dissatisfaction with EHRs also continues to rise speedily.This dissatisfaction can lead to physician burnout that leads to patient safety-related issues.Many findings have pointed out that the EHR concept, with all its benefits for the healthcare industry, can also be a reason for losing productivity, settling for sub-par systems, and dampen the physician-patient relationship.The EHR technology also faces problems like slow connection speeds, insecurity of data, and unreliability.
Valiant efforts are made worldwide in the healthcare sector for improving health conditions and ensuring the well-being of patients.Here, healthcare mobile applications lend a helping hand and act as a bridge between patients and healthcare professionals.Customized healthcare or mHealth apps can ease the burden on healthcare organizations and enable patients to get high-quality diagnoses and treatment conveniently.Statista has expected that the mobile health industry will cross $60 billion this year thanks to the rise of the popularity of healthcare apps.This revolutionary technology can analyze the data for behavioral understanding and targeting people accordingly across various industry verticals.With this, AI can bring substantial improvements in all aspects of healthcare services ranging from diagnostics to treatment.AI can effectively address tasks like administrative workflow, clinical documentation, patient outreach, medical device automation, and patient monitoring.
The thriving financial sector undergoes a radical transformation.In the wake of cryptocurrency and digital payment solutions, fintech startups have started leveraging advancements of technologies to offer services in the niche segments of asset management, insurance, lending, and even open banking.Diversification and complexity of Fintech startups require functional and non-functional characteristics to understand their offerings thoroughly.Recently, Cambridge Center for Alternative Finance has given a taxonomy of financial services based on eleven different perspectives.Let’s understand the top trends of the fintech sector for the year 2021.Top Fintech Sector Trends Set to Dominate in 2021 and Beyond • Market ProvisioningThis is a broad and significant aspect that involves enterprise-grade digital solutions and emerging technologies.This trend is segregated into five categories-1.Enterprise TechnologyIt comprises API management and enterprise blockchain with a combination of emerging technologies like AI and ML.
The fintech revolution is neither a fairy tale nor science fiction.It has started changing the shape of the financial across the world.Quick P2P loans using fingertips, payments through cryptocurrency, and virtual financial advisors- all these aspects and many other things have become a reality thanks to fintech development services.These user-friendly aspects and radical changes in the traditional way of transactions can drive the growth for FinTech startups.The thriving finance world is no bed of roses.Though one of the most heavily regulated and known as a secure industry, several issues like lack of transparency, slow digitization, and lack of real-time ecosystem keep owners of finance companies on their toes.All these issues and several malware attacks like a Trojan horse virus Ramnit have brought up the necessity of technological advancements and an innovative approach.This innovative technology for the finance sector is known as Fintech or Financial technology.
Choosing the right payment gateway solution is a crucial decision for any online business.Whether it is an eCommerce company or a fintech company, a B2C company, or a B2B enterprise, choosing the right payment gateway can make digital wallet solutions or a business website robust, reliable, and secure.In this blog, we will discuss the key factors to consider for selecting the right payment gateway for your online payment solution.But, before moving ahead, let’s quickly look at the types of transactions that payment gateways can execute.Payment Gateway and Types of TransactionsThe payment gateway is a service for accepting and processing payments in online and brick-and-mortar stores.It serves as a bridge to facilitate the transaction between customers and merchants.Payment gateway ensures secure transactions by following security protocols and encryption techniques.Whether you have a business website or a dedicated enterprise app, the payment gateway transfers the data to payment processors or banks and vice versa.Original Source: How to Find the Right Payment Gateway for Your Digital Wallet Solution
Google introduced Flutter back in May 2017.The aim behind this release was to make it easier for developers to build the best apps possible with new features and seamless performance.Since then, this SDK (Software Development Kit) has gained traction among the developer’s community worldwide.Google’s extensive support, innovative approach, and flawless functionality have made Flutter a preferred choice for cross-platform app development.Initially, Google developed Flutter for assisting developers in ambient computing.Today, a number of the top companies like Groupon, Grab, Phillips, and eBay.Flutter app development has remained a preferred choice for many startups that launch businesses like on-demand ventures and Uber for X services.
Fintech or financial technology plays a pivotal role in making online payment prevalent across the world.The term has evolved from a buzzword to a growing trend in recent years, as people have switched from traditional to digital payment.The fintech sector has garnered over the US $55 billion investment to date.A big credit for the phenomenal growth of this sector in a short time goes to fintech app development.These days, more people from various communities and companies have started using customized fintech applications and leverage their benefits.Fintech apps can quickly adopt futuristic technologies like the IoT, AI (Artificial Intelligence), and Data Science for offering excellent user experience.The multimillion-dollar fintech industry has got a new boost from the apps like Apple Pay and ALIPAY.Be it money transfer or financial planning, fintech services can assist users to accomplish various tasks.
However, many people fail to spend time to go to the health club or fitness gyms for workouts due to a hectic schedule.There, customized fitness appsFitness app development has already solved the issue of maintaining the workout schedule from home while enabling the users to take virtual training in a personalized way.It is fair to mention that fitness apps can transform the fitness world in the coming years.A Statista survey has estimated the market volume of the fitness segment will reach $18.9 billion by the year 2023.With a secure and user-friendly fitness app, you can attract many people.As everyone prefers to stay in shape without going out frequently during this pandemic period, a fitness app with necessary features can remain highly useful.This is a reason why health and fitness app stats estimate that this category will witness 656 million times downloads by the end of 2020.
The COVID-19 outbreak has brought the thriving healthcare sector into prominence again.On one hand, people become more conscious of health and fitness to survive the pandemic phase, and on the other hand, technology lends a helping hand in making healthcare services accessible even to remote places.Concepts like Doctor on Demand and Telemedicine are gaining ground swiftly thanks to the rise of healthcare app development.It is fair to mention that mobile app and healthcare go hand in hand for expanding their capabilities to make a better, healthier world.Back in 2013, we had just 97,000 mHealth apps available for download.This number has significantly increased over the period.As per the report received from Accenture, 74% of patients are satisfied with digital health, and this trend is here to stay.Role of Customized Mobile Apps in Healthcare IndustryAs technology evolves and the popularity of smartphones increases globally, mobile app development has become a game-changer in the healthcare sector.
Mobile app development is here to stay, but the recent surge in the popularity of wearable devices indicates that the future is full of new possibilities and opportunities for wearable app development.Though the healthcare sector has emerged as the biggest beneficiary of wearable apps, other industry sectors also follow suit to make the most of wearables.Smartwatches, belts, implantables, and eyeglasses have slowly started replacing smartphones.In such a scenario, we can mention that wearable apps will become a game-changer over the period.Let’s look at the top technology trends that will give shape to the wearable app development process in the year 2021 and beyond.Top Technology Trends to Dominate Wearable App Development in 2021Customized wearable apps will streamline the penetration of wearables globally, and various trends will impact wearable app development in 2021.IoT gets mainstreamedFrom mines to O (Oil & Gas), and manufacturing to retail, the revolutionary IoT technology is gradually getting mainstream and as a result, wearable devices are used more commonly across these sectors.What’s more, wearables like Apple Watch and other mobile devices from some of the top players like Samsung, Google, Adidas, and Motorola have pushed the demand for IoT either by making wearables or by developing smart devices compatible with wearable devices.The only major issue with the implementation of IoT is all the connected devices are highly vulnerable to cyberattacks or data breaches.
The most heavily regulated healthcare sector is ready to embrace digital transformation.Unlike other industries where transformation happens relatively smoothly and swiftly, the healthcare sector lags behind a bit.However, this is the right time for healthcare organizations to stay ahead of the competition by bringing automation and transformation in their services.A report from Xcubelabs has revealed that the digital health market is expected to reach $536 billion by the year 2025.Healthcare mobile apps with user-friendly features and seamless functionality can help health institutes to make the most of technological advancements.Customized mobile healthcare solutions can add value while reducing various costs.Talking about the importance of digital transformation in the healthcare industry, we can mention that it can put the patient at the center of the healthcare process.These days, many patients use wearables to get real-time health record, and the mobile healthcare app can connect to wearable for seamless sharing and access to this data.In recent years, many online healthcare-related startups are established and have gained traction in a short time because of healthcare mobile apps and the increased number of smartphone users.
In line with an increasing number of eWallet users worldwide, various industry sectors opt for integrating mobile wallet-based payment functionality in their apps or websites.The eWallet industry is thriving and many new players or startup owners want to leverage the benefits of this trend with the help of eWallet app development.The retail giant Amazon is one of the pioneer companies that have made it easy for mobile wallet users to transact during online shopping.Today, various sectors including the thriving real estate industry have started offering a wallet-based payment facility.Though the pace of adopting the digital payment solution is slow in the real estate sector, it can have a great impact on the sector.Let’s quickly go through the importance of digital payment in the real estate sector.How Digital Wallet Solution Benefits Real Estate IndustryAs per a recent report, digital payments not only make the transactions between realtors and buyers more transparent but also offer higher security as compared to physical or offline transactions.Digital payment solutions bring more transparency in transactions to reduce the amount of black money, and in a way, help us curb the inflation in property prices.
Fintech app development has remained one of the hottest technology trends in 2020, and the year 2021 is no different.We will witness the rise of fintech apps as they will get mainstreamed across various industry sectors thanks to the evaluation and prominence of online payment methods.The trend of making payments online or cashless transactions has opened the doors of new opportunities for fintech startups.As per the Statista report, 75% of consumers have adopted some form of money transfer or payment service in the year 2019.This trend is here to stay for a long time and reshape the future of fintech apps.If you want to become a part of the fintech revolution, all you need to build a peer-to-peer payment app with excellent features and user-friendliness.You can also opt for money banking apps for facilitating money transfers and bill payment or stock trading and savings related apps.The eWallet app development company enables you to come up with advanced wallet apps that enable users to transact in cryptocurrencies.Importance of Fintech AppsFeature-rich fintech apps offer robust digital payment solutions.