Low-Code Mobile App – The Future of App Development in the Banking and Finance Sectors

Low-code mobile app development is faster, more accessible and easier. Thus, it should not be surprising that it was named the future of finance. But is it so? Yes! In this article, we will show you why low-code technology is the go-to solution for b2c mobile apps. We invite you to read on.

Table of Contents

• Introducing Low-Code App Development
• Why Is Low-Code Tech the Future of B2C Mobile Apps in Finance?
• The Takeaway

Introducing Low-Code App Development

Low-code technology involves ready platforms for developing your products, including mobile apps. As the name suggests, they require little coding—most of the work is done via a simple drag-and-drop. As simple as it may seem, it is a choice for many developers.

Developers opt for low-code app development mainly due to its speed and flexibility. Thanks to such tech, they might work in coding languages that they did not master and accelerate the whole process, using coding only when necessary.

Why Is Low-Code Tech the Future of B2C Mobile Apps in Finance?

As mentioned in the introduction, we believe that low-code tech (and no-code technology as well) is the future of B2C mobile apps in banking and finance. But why is it so? Here are the main reasons:

It Is Excellent for Citizen Developers

The key to a good mobile application is meeting the expectations of its target users. But for that, it has to be created by someone who knows them inside out.

With regular development, this is almost impossible—how many experts in, for instance, customer service know how to code? Little to none. Yet, with no-code app development, you can put them in the driver’s seat of the design and development process.

Low-code platforms for citizen developers enable your employees, the best specialists in given, non-IT-related fields, to design and develop new apps. As a result, the final products are more closely aligned with your clients—they have a higher chance of success.

It Is Fast and Works for Other Effective Development Strategies

Whether embraced by citizen or regular developers, low-code app development is faster[1][2] than the traditional methods. This enables you to deliver complete products to the market more quickly than your competitors and make the most of new trends.

Additionally, this speed makes it an excellent choice for rapid prototyping, since:

• low-code development does not cost much,
• you can complete each cycle quickly, adjusting the app based on feedback,
• you may introduce coding only after the app’s main framework is ready, skipping the need for developers until you validate the idea.

Digital Process Automation

Low-code platforms are also excellent for introducing automation in your organisation. Hence, they are perfect for app development when the final product is on a touchpoint between the clients and banking staff.

Discover Ailleron’s digital process automation services!

The Takeaway

Low-code tech is bound to be the future of B2C mobile app development. With their speed, flexibility, and potential for automation, we expect low-code platforms to become a standard across organisations operating in the finance industry. If you have any additional questions about this tech, feel free to contact us at Ailleron. We’re ready to implement low-code development platforms and multiple other software components in your business!

References:

1. https://www.statista.com/statistics/1254662/low-code-development-speed-compared-traditional-it/
2. Gartner Magic Quadrant for Enterprise Low-Code Application Platforms

Ailleron

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