Best Application Developers for Banking & Finance:
GoodWorkLabs is one of the most trusted software development agencies when it comes to building applications for the Banking & Finance industry. Right from creating the UI/UX design to building the entire back-end system, GoodWorkLabs has the expertise in building the perfect financial solution for your business. GoodWorkLabs is a well-known Mobile banking App Development in Bangalore, India which helps to create the UI/UX design to building the entire back-end system.
Technology in the Finance Industry:
Banks and financial institutions have been severely impacted by the debacle of sub-prime lending rates. In order to get its operations back on track and build a reliable yet robust financial enterprise architecture, there is a huge potential for technology partners to carve out effective solutions. Some barriers to the growth of banking and financial institutions include pressure of enhancing margins, improving cost-to-income ratio and shift in user preference brought on by technology.
These concerns bring with it an equal potential to capitalize on banking needs and turn challenges into opportunities to make a name in the current and future finance ecosystem. It is here that the creative approach of GoodWorkLabs comes to the fore. Our consultative approach gives you ample time to visualize and to justify how we can add immense value to our IT skills. We make sure that all processes that are designed and deployed are customer-centric and use big data and competitive intelligence.
Challenges in the Finance Industry
Some of the challenges that were presented to Good Work Labs are mentioned below:
1. Centralized Information
News analysis, market performance, expert advice and advertised reports offer a disparate source of information to the investor. With such a huge plethora of information and knowledge resources, it is bound to get confusing. The need is to simplify the knowledge absorption process through a unified channel that works exclusively for the investor’s benefit.
2. Futures options
A strong predictive analysis model goes a long way in building trust upon a hosen investment vehicle for the investor
3. Transparent reporting
The curiosity of the mind ensures that the investor needs a simplified yet holistic view of his/her investment. This gives the investor to track performance and decide upon a future course of action (buy, hold or sell)
4. Secure payment
Any and every investment needs to access investor funds. There is a growing need for a secure channel that guarantees glitch-free electronic transmission of funds from his/her bank/finance source to the appropriate investment vehicle.
World-Class Solutions for the Finance Industry
1. Digital Transformation: Our solutions can streamline and optimize information and statistics, and allow it to be centrally accessible. This will allow the workforce to access work round the clock from any location. Our solutions will increase employee productivity and provide useful insights.
2. Simplification: Our result-oriented products will disentangle your business and operating models. We will assess the current status and implement the required changes to simplify the overall process. Enhanced Know Your Customer solutions and refining your IT processes would be one of the major core areas we will concentrate on.
3. Payment Solutions: We excel in providing complete payment solutions and related support services. Right from system integration to application development and maintenance, our full-fledged team of experts will overhaul the payment systems and refine them.
4. Mobility Solutions: Our mobility solutions will boost Customer Relationship Management. Customer engagement will be increased through analyzing customer usage patterns, design services, cross-service platforms and assistance in digital purchasing processes.
Case Study: GoodWorkLabs built a Mobile app for FinBuddy.
GoodWorkLabs built a next-generation finance app for FinBuddy to help Investors make smart and confident decisions about their finances. It brings together insights from the market, thus helping investors make smarter financial decisions based on expert indications from other seasoned investors.
Have a requirement for a mobile banking app development or software that can support your financial business needs? Reach out to us and we can help you with profitable solutions for your business