FinTech applications deal with sensitive personal and business data, security should be at the forefront of banking and finance software development.
State Of Application Security Report by Immuniweb revealed that 98 of 100 reputable FinTech startups are exposed to hacker, phishing, and malware attacks. These figures highlight a severe issue: an entire industry, which should be secure entirely and dedicated to protecting clients’ data.
FinTech apps carry many privacy risks, which is why most people feel uncomfortable sharing their financial and private information.
The FinTech industry is a specific sector where developing a successful mobile solution necessitates some extraordinary measures to capture clients’ loyalty. The takeaway is that a good FinTech app is more than simply an excellent companion. So, if you want to add value to your FinTech app development, prioritize app security as mentioned above because users demand bank accounts with high safety features rather than a seamless user experience.
