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Trading apps are no longer a choice, they are a necessity. ProfitMatics Custom Fintech Development Company.
Blog, Technology, Trading

Trading Software Development in 2025: Trends, Technology & How to Build a Winning Stock Trading App

May 3, 2025

Stock Market is no longer the passion and interest of full time traders or businessmen. Now, it’s the hot trend among all, be it college students, working women, housewives, corporate workers, or the other professionals. What changed? Is it the series of stock market crashes like the Wall Street crash (1929), Black Monday (1987), the great recession (2008) that made the stock market famous enough to raise interest, or it’s the penetration of trading as a handy on the go mobile app activity, that made the art of buy and sell be feasible to one and all. Considering rising interests of the recent generations, I would like to think of digitalisation as one of the greatest factors affecting the spike in trading and opening of Demat Accounts. Highest-ever 192.4 mn demat accounts opened in FY25, brokerages add 41.1 mn. Now you could be handling portfolios, trading stocks in all indexes, checking live news updates and taking up licensed advisory, all using a mobile phone. Real time updates have made sure the traders match the speed of the stocks! If you have been long standing in this business, you have been witness to the makeover of stock market trading, from papers and telephones to mobile phones and real time updates. Now, let’s start with the trends around trading software development, as well as phase wise development of one! AI & Predictive Analytics in Stock Trading App Artificial Intelligence is revolutionizing how users interact with trading platforms. By processing massive volumes of market data in real time, AI models can identify trends, forecast price movements, and evaluate risk exposure with far more accuracy than traditional tools. Real-World Use Cases: AI gives users faster, data-driven decisions—turning raw market data into actionable insights. To understand the impact of Custom Trading Software on your business, read this blog here. Auto-Trading & Algorithmic Bots In 2023, 60–70% of equity trades in the U.S. were executed using algorithms (source: Nasdaq). Algorithmic and auto-trading is no longer limited to institutions—modern trading software empowers retail users with automated strategies. Key Capabilities: Automation reduces emotional bias and lets traders act 24/7 without human intervention. Can’t wait to share your idea around trading app like no other? API-First Architecture Modern trading apps are built around APIs—they enable rapid data flow, external integrations, and feature scalability. Whether you’re placing trades, validating KYC, or pulling price charts, APIs are the backbone. Essential APIs for Trading Platforms: Type Examples Use Case Market Data APIs Alpha Vantage, Polygon, Kite Connect Fetch real-time price & volume data Trading Order APIs Alpaca, Interactive Brokers Execute buy/sell orders programmatically KYC/AML Verification APIs Signzy, Digio Ensure compliance during user onboarding News & Sentiment APIs FinSentS, Google Finance RSS Enrich dashboards with live market insights APIs make your app modular, flexible, and faster to update as markets evolve. From Idea to Execution: How to Develop a Trading App (Step-by-Step) Phase 1: Planning & Product Design Phase 2: UI/UX & Wireframing Check out our dedicated blog on best Ui/Ux practices for Fintech app development. Phase 3: Core Development (Frontend + Backend) Component Tech/Tools Frontend Flutter, React Native, Swift (iOS), Kotlin (Android) Backend Node.js, Python, Java Database PostgreSQL, MongoDB Cloud AWS, Azure APIs Kite Connect, Alpaca, IEX Cloud, Firebase, Paytm KYC Phase 4: Compliance & Security Phase 5: Testing, Launch & Iteration If you have any requirements or ideas around building your own trading software, don’t look any further. We take pride in having 6+ years of experience in building scalable and secure Fintech apps and softwares.

Neobanks and how they are built, business model of neobanks, revenue model of neobanks and India's neobank industry.
Blog, Guides, Technology

Why Neobanks are the Future and How to Build One

September 30, 2024

Talking about Fintech and not including Neo Banks? Can’t miss this one! Let’s jump straight into it.  What exactly are Neo Banks? And what’s the craze about them in the Fintech Industry? Neo Bank is the term used to describe a completely digital bank, that exists and offers services without any physical branches. Neo banks are also called Challenger Banks, the reason for this name will be discussed later in the blog.  What’s making neobanks a popular term, especially amongst the GenZs?  It’s the reason they were built on. Neo banks are a response to the changing needs of customers in the digital age. They are often cheaper than traditional banks and may offer more competitive interest rates.  Let’s understand this with some statistics around Neo Banks.  In just three years, the global customer base of neobanks has grown from 2 million to 15 million, and the number of neobanks has increased from around 70 to over 250. According to stats, the global neobank market is growing at a CAGR rate of over 47% and is expected to hit $722,60 billion by 2028.(SDK.finance) What’s so attractive about Neobanks? With the world shifting towards “digital-everything”, the emergence of Neobanks seemed the next step in the future of innovative and digitally equipped financial banking. Replacing the inherent need of having a physical bank to reach out to, NeoBanks are the one stop destination for all the banking needs, be it around savings accounts, current accounts, debit and credit cards, digital money transfers, payment solutions, or lending.  By leveraging technologies like artificial intelligence (AI), automation, and cloud computing -something that traditional banks lack, Neobanks are attracting a large part of the ‘modern’ customers who want their needs to be fulfilled ‘at one click’. This is the reason why they are often called ‘Challenger Banks’. As their name says, these digital banks ‘challenge’ the traditional banking system by targeting both personal and business consumers who are often overlooked by high-street banks. We will go deeper into the making of Neobanks later in the blog. Do Neo Banks need collaborations with physical banks?  This question often comes up when talking about Neobanks in India. Since Neobanks are not considered fully fledged banks and do not have banking licenses, they are not directly regulated by the RBI (Reserve Bank of India). The RBI prohibits them from acquiring a banking license.  Instead, Neo Banks rely on partners who offer financial services like instant payments, lending, or money transfers.  Who are the partners here?  Neobanks partner with licensed banks that are governed by the RBI. Some of these banks include :  State Bank of India (SBI) ICICI Bank Axis Bank Induslnd Bank  Kotak Mahindra Bank IDFC First Bank Yes Bank HDFC Bank RBL Bank Federal Bank How Do Neobanks Earn? This is the most interesting part of the blog if you are someone aspiring to build a neobank of your own or someone already in the Fintech industry, trying to grasp some interesting business models. We can help you build your own Fintech with custom features and robust security. Our team of Fintech experts and enthusiasts is excited to meet you! Getting back to the topic, let’s unbox this business model!  How are Neobanks built While there are two types of NeoBanks, Full Stack Neobank (independent bank with a banking license )and Front End Neobanks (the one we discussed above, which partner with traditional banks to operate), in this blog we will be discussing the Business Model of Front End Neobanks, since those are the ones popular and allowed in India.  Taking help from Niyo– India’s first fintech to pursue Neo Banking, we can understand the model underneath the working of Front End Neobanks. Let’s revise the cases where Front End Neobanks work best While being supported by the traditional banks from below, Neobanks foster strategic partnerships and a way for businesses to perform businesses without any hindrance, going fully digital. Centred around customers, Neobanks have a innovative USP while working under the regulations put by the regulatory bodies, providing a seamless experience, legally. To understand the regulations for building Fintech, read our dedicated blog here. India’s leading Neobanks There are several neo-banks available in India. Given below are the examples of some of the most popular of them in the country Summing up Building a Neobank in India is possible, given you follow all the rules and regulations by the regulating bodies. It is the next trend in Digital Finance, and a great opportunity to tap into, given the huge customer base in India(Gen Z Population loves digital experiences). If you want to build your own Neobank, we can help you.

Flutter or React for your Fintech App
Technology, Blog, Software

Flutter or React Native- Which is better for Fintech App Development

September 24, 2024

Bringing out the best requires choosing the best from the sea of options available. Choosing a development partner with proven expertise is crucial for ensuring your business outcomes align with your strategic goals. We are here to make it easy for you and your developers.  Read this blog to understand the differences between Flutter and React Native and what would be best for you Fintech.  What exactly is Flutter and React Native? You can skip this part if you are already a seasoned developer, but if you are someone beginning your Fintech Journey, this portion of the blog will make these big terms easy for you to understand.  Flutter- The partner for your Fintech App  Flutter is an open-source UI software development kit created by Google. It is often used for frontend development, though backend development is also possible. It can be used to develop cross platform applications from a single codebase for the Web, Fuchsia, Android, iOS, Linux, macOS, and Windows.  You can check out our blog on Best Ui/Ux practices for Fintech Apps for more context: Flutter ships applications with its own rendering engine which directly outputs pixel data to the screen. This is in contrast to many other UI frameworks that rely on the target platform to provide a rendering engine, such as native Android apps which rely on the device-level Android SDK or React Native which dynamically uses the target platform’s built-in UI stack. Flutter’s control of its rendering pipeline simplifies multi-platform support as identical UI code can be used for all target platforms. Here’s a quick overview of how Flutter is great to use: Benefits of Flutter  Also, Flutter 3.24 has been released and here’s a snippet of major changes: Significant GPU Rendering Improvements One of the major highlights of Flutter 3.24 is the enhancement in GPU (Graphics Processing Unit) rendering, which is critical for applications that require smooth animations and visually intensive graphics. Multi-View Embedding: A New Dimension of Flexibility The introduction of multi-view embedding in Flutter 3.24 is a game-changer for developers working on complex applications. It allows for the embedding of multiple Flutter instances within a single app, each managing different views or sections.  Dart 3.5 Integration: Elevating Development Efficiency The release of Dart 3.5 has introduced a suite of new features and optimizations that improve both the development experience and the performance of Flutter apps. Dart 3.5 has brought enhanced type inference, making it easier to write concise, maintainable code. Advanced DevTools for Enhanced Development Experience A slice of happiness for the Developers- this latest version comes with advanced DevTools that offer you more powerful debugging and profiling tools. It’s an enhanced experience in itself. There is more to add, but let’s stick to our main learning for this blog.  Now, Let’s move forward to React Native: Is this the same as React? NO. But its functionality is the same as React, right? WRONG. React Native was first released by Facebook as an open-source project in 2015. It is considered one of the top solutions used for mobile development. It is a free, open-source JavaScript framework for building apps.  What makes React Native stand out is usability for both Android and iOS mobile apps. Also, since React Native was built based on React – a JavaScript library, which was already hugely popular when the mobile framework was released, it comes with an easy learning curve since developers are already accustomed to using React. Instagram, Pinterest and Skype are built on React Native.  Here are some more benefits of using React Native: Which would be better for Fintech Applications? For Fintech app development, the decision of using Flutter or React Native often hinges on factors like performance, development speed, community support, and specific project requirements. Let’s discuss each of them here: Here’s an insight: Majority of Fintech Startups prefer using Flutter, for its obvious use cases and advantages. You can still choose between the two, but make sure your App’s features are not compromised by any of them. Performance: Flutter’s compiled native code often delivers superior performance compared to JavaScript-based frameworks like React Native. This is crucial for financial apps where speed and responsiveness are paramount. So for better performance delivery, Flutter is the better choice Cross-platform development: Flutter allows you to build apps for both iOS and Android from a single codebase, saving time and effort.   UI/UX: Flutter’s rich widget library and declarative programming style make it easier to create visually appealing and consistent user interfaces.   Hot reload: This feature of Flutter enables developers to see changes instantly, accelerating the development process.   Community and ecosystem: While the Flutter community is growing rapidly, it may not be as mature as React Native’s, especially in terms of third-party libraries and tools specifically tailored for Fintech. Learning curve: If your team is primarily familiar with JavaScript, React Native might have a shallower learning curve. Flutter uses the programming language Dart , which isn’t that hard to adapt to. Large community: React Native boasts a vast and active community, offering a wealth of resources, libraries, and support. But with Flutter’s success strides and new versions being released, we think this might become a debatable topic in a few years. Third-party ecosystem: React Native benefits from a mature ecosystem of libraries and tools, including many specifically designed for Fintech applications.   Bridging: React Native relies on a JavaScript bridge to communicate with native components, which can introduce potential performance overhead.   So, we have summed up the differences between Flutter and React Native, the use cases for each, the pros and cons depending on different scenarios, and what factors you need to keep in mind while choosing for your Fintech App. Let’s go a step further and see which one is better for different domains of Fintech: Yes, we got it simplified for you!  How can we be sure of this? We are experts in building Fintech Apps. Having built apps across all domains, we have the experience and expertise for choosing the right technology for each of them. You can

Untitled design 1
Technology, Guides, Software

10 Reasons Your Fintech App Isn’t Gaining Sales: A UI/UX Expert’s Perspective

September 11, 2024

In today’s fast-evolving fintech landscape, a well-designed app is crucial for success. But even if your app offers revolutionary features, it might struggle to gain traction and convert users into paying customers. Why? The answer often lies in User Interface (UI) and User Experience (UX) design. Here’s why your fintech app might be missing the mark from a UI/UX expert’s viewpoint: Complex Onboarding Process First impressions matter. If your app requires users to fill out lengthy forms, verify numerous details, or jump through hoops just to get started, they’re likely to leave before they even experience its value. Solution: Simplify the onboarding process. Use progressive sign-ups, social logins, or guest access options to reduce friction and allow users to engage with the app more quickly. Poor Navigation A fintech app often has various functions like account management, investments, payments, and market tracking. If the navigation is unintuitive, users will get frustrated searching for basic features. Solution: Organise content logically. Use intuitive symbols, simple language, and a consistent layout. Make use of UX patterns like bottom navigation bars and search functionality to help users locate features effortlessly. Lack of Personalisation Modern fintech users expect apps to provide a personalised experience. An app that doesn’t adapt to user preferences—whether that’s by suggesting relevant financial tools or tailoring content to individual needs—will fail to engage users. Solution: Leverage data to offer customised dashboards, personalised notifications, and relevant content suggestions. Let users adjust settings and save preferences for a more tailored experience. Slow Load Times Financial transactions require real-time data. If your app is sluggish, users will quickly lose patience, especially when they are trying to make fast investment decisions. Solution: Optimize app performance by using faster algorithms, caching frequently used data, and minimising large file sizes. A delay of even a few seconds can cost you users and, consequently, sales. We know how crucial speed and security are for fintech apps, but we also recognize the importance of a seamless UI/UX. Feel free to explore some of our fintech apps, which combine great design with powerful features and top-notch performance. Check out our Fintech Apps Now! Cluttered Interface Fintech apps, by nature, handle complex data and transactions. But packing too much information onto the screen creates confusion. If users are overwhelmed by a cluttered interface with too many charts, numbers, or buttons, they’re likely to abandon your app quickly. Solution: Implement a clean, minimalist design. Prioritise essential features and keep secondary options tucked away in collapsible menus. Use white space to improve readability. Unclear CTAs (Calls to Action) If your app doesn’t clearly communicate its next steps, users won’t know how to interact with it. Whether it’s subscribing to a premium service or completing a financial transaction, if the CTA isn’t clear, users will feel lost. Solution: Use prominent, actionable CTAs that guide the user naturally. Buttons should stand out through size, colour, or placement. Ensure that they clearly indicate the intended action, such as “Invest Now” or “Upgrade Your Plan.” Insufficient Security Cues In fintech, trust is paramount. If your app doesn’t communicate security measures effectively, users will hesitate to proceed with transactions or even sign up. Ignoring Mobile-First Design Mobile is often the primary platform for fintech apps, yet some developers still treat mobile design as an afterthought. If your app feels clunky or poorly optimised for smaller screens, it’s going to cost you users. Solution: Ensure your app is responsive and mobile-first. Prioritise touch-friendly buttons, gestures, and simplified layouts to make navigating the app on a mobile device intuitive and seamless. Inconsistent Design Language Consistency in design is key to a seamless experience. If your app uses different fonts, colors, or layouts from screen to screen, it creates disorientation and looks unprofessional. Solution: Stick to a unified design language. Use consistent font sizes, colors, icons, and layouts throughout the app. This will enhance the flow and improve user confidence in navigating the app. Failure to Guide Users Some fintech apps expect users to understand all the functionalities without providing sufficient guidance. This lack of onboarding tutorials or in-app assistance can alienate users who are unfamiliar with certain features. Solution: Integrate micro-interactions, tooltips, and guided tours. Help users navigate the app with ease and offer explanations when necessary. Regular updates with “what’s new” or tutorial sections can also assist in driving engagement. Conclusion: Your fintech app’s UI/UX can make or break its success. From the first screen to the final conversion, every step should be smooth, intuitive, and enjoyable for the user. By addressing the pain points above, you can increase user retention, enhance satisfaction, and ultimately drive more sales. If your fintech app is struggling with user engagement or conversion, we at Profitmatics can help optimise your app’s UI/UX for better results. Let’s chat and turn your app into a user-friendly, revenue-generating machine! Book a Meeting Now !