1. Cleveroad

Founded in: 2011
Headquarters: Claymont, Delaware, USA
Hourly Rate: $50–$80
Industry Expertise: FinTech, Healthcare, Logistics, Retail, Media, eCommerce
Reviews: 70+ reviews on Clutch, average rating 4.9/5

Cleveroad develops tailored financial technology software solutions for businesses that require secure and scalable financial systems which meet industry compliance standards. The company provides its services to digital banking institutions and payment processing companies and lending platforms and artificial intelligence based financial technology solutions.

Cleveroad operates under ISO 9001 and ISO 27001 certifications which enable the company to develop projects that handle protected financial information and follow regulatory procedures. The team develops systems that connect with banking APIs and payment gateways and CRMs and analytics tools and cloud infrastructure.

Cleveroad helps FinTech projects by providing development services together with assistance for system architecture and scalability assessment and maintenance planning for future development. FinTech teams can use this method to decrease technical hazards while they develop their systems to comply with regulations and handle upcoming business growth.

2. EPAM Systems

Founded in: 1993
Headquarters: Newtown, Pennsylvania, USA
Hourly Rate: $60–$120
Industry Expertise: FinTech, Banking, Capital Markets, Insurance
Reviews: 100+ reviews on Clutch, average rating ~4.8/5

EPAM Systems operates as a worldwide digital engineering business which possesses deep expertise in the financial services industry. The company develops custom FinTech platforms, trading systems, and enterprise banking solutions for large organizations.

EPAM develops its FinTech solutions through three main activities which include upgrading existing systems to modern technologies and moving operations to cloud environments and connecting new systems with older financial technologies. Their teams are well-suited for large, distributed delivery programs that require strong governance and engineering discipline.

The solution works best for enterprise FinTech platforms which target large financial institutions that operate complex system environments.

3. Endava

Founded in: 2000
Headquarters: London, United Kingdom
Hourly Rate: $50–$100
Industry Expertise: FinTech, Payments, Banking, Wealth Management
Reviews: 90+ reviews on Clutch, average rating ~4.7/5

Endava provides custom FinTech software development services with a strong focus on regulated European markets. The company develops payment platforms together with digital banking systems and financial data management solutions.

Endava combines delivery scale with regional regulatory understanding which makes it a preferred option for FinTech products that need to operate in multiple jurisdictions. The service works best for mid-to-large FinTech companies that want to expand their operations throughout Europe.

4. Thoughtworks

Founded in: 1993
Headquarters: Chicago, Illinois, USA
Hourly Rate: $80–$150
Industry Expertise: FinTech, Banking, Enterprise Platforms
Reviews: 80+ reviews on Clutch, average rating ~4.6/5

Thoughtworks uses its engineering-based method to create system designs which serve as its primary expertise. The company works on three main areas of FinTech projects which include upgrading platforms and creating data-driven solutions and developing financial systems that can handle increased demands.

Thoughtworks provides assistance to organizations needing complete redesigns of their financial system frameworks instead of merely extending their current systems.

This solution works best for FinTech products which require complex architectural designs and the ability to handle increased user demand.

5. Netguru

Founded in: 2008
Headquarters: Poznań, Poland
Hourly Rate: $50–$90
Industry Expertise: FinTech, SaaS, Digital Products
Reviews: 70+ reviews on Clutch, average rating ~4.8/5

Netguru develops personalized financial software solutions for FinTech companies that include startups and scaling businesses through its development of mobile banking applications and digital wallet systems and customer payment processing applications.

The company uses UX design and rapid prototyping together with iterative product development as its main focus areas.

The solution works best for FinTech startups that operate at both their initial stage and their growth stage.

6. Accenture

Founded in: 1989
Headquarters: Dublin, Ireland
Hourly Rate: $100–$200+
Industry Expertise: FinTech, Banking, Insurance, Enterprise Systems
Reviews: Enterprise-focused, limited public review data

Accenture offers specialized FinTech software development services which they use to support their digital transformation projects. Their services typically include three components which are strategic planning, compliance alignment, and implementation of extensive systems.

Accenture works on extended transformation projects which require multiple years to complete instead of developing individual products.

The solution is optimal for large businesses that are completely changing their entire financial systems.

7. Tata Consultancy Services (TCS)

Founded in: 1968
Headquarters: Mumbai, India
Hourly Rate: $40–$80
Industry Expertise: Banking, Payments, Financial Services
Reviews: Enterprise-focused, limited public review data

The delivery of FinTech software development services at TCS serves banks and financial institutions through its worldwide operations. Their portfolio includes core banking platforms, payment infrastructure, and risk management systems.

TCS delivers its best performance through delivery programs which require permanent operational support. The solution serves financial institutions throughout the world which need to process large volumes of deliveries.

Final thoughts

Custom FinTech software development in 2026 requires more than technical execution because success depends on three factors. The two factors which control product success after release are security practices and platform ownership.

The FinTech landscape shows different strengths through the companies which follow. The appropriate partner selection process requires assessment of product maturity and regulatory exposure and future growth plans.

Author’s bio

Yuliya Melnik is a technical writer at Cleveroad, a web and mobile application development company. She covers digital finance, product engineering, and fintech development services, helping teams understand how to build secure, scalable financial software. Yuliya focuses on clear, practical content about payments, digital banking, and compliance-driven development.

The post Best 7 Custom FinTech Software Development Services to Work With in 2026 appeared first on XI Vero.

In the case of real-world projects, the price of developing a FinTech app normally amounts to a minimum of $50,000 and can go up to $500,000 or more. The wide gap between the two values mentioned is influenced by the types of such products, the markets they are aimed at, and the objectives for future scalability. At times, the understanding of these factors needs an experienced hand that has worked with regulated architectures and financial workflows, hence the reason for a lot of teams partnering with fintech solutions software development services providers. These are the ones who help in technical road-mapping and realistic budgeting before the major expenditures are made.

Why FinTech App Costs Vary So Widely

One of the main factors that cause large differences in FinTech development costs is the fact that not all FinTech products address the same class of problems. A simple expense tracking application that collects and summarizes user transactions from open banking APIs is a totally different case from a loan platform that does the necessary credit assessment for the borrowers or a digital bank that accepts deposits from clients. As the product gets closer to dealing with real money flows, regulated data, or financial risk, the base cost just keeps getting higher.

Chime is a good market example. The company, before scaling up to millions of customers, spent a lot on backend systems, banking partnerships, and compliance procedures. This early investment led to an increase in initial development costs and delayed the emergence of new features, but it allowed Chime to expand its customer base gradually and reliably without having to deal with the problem of regulatory and infrastructure bottlenecks repeatedly. The situation is different with some other FinTechs, which tend to struggle because by the time they get to the growth level, they still have not made the investments necessary to build up their infrastructure.

The Impact of Regulation and Compliance on Development Cost

Regulatory compliance is frequently the most underrated expense in FinTech app development. An application may have to cater to different jurisdictions, with a range of product capabilities, and it may have to go through the process of verifying people’s identities, carrying out anti-money laundering checks, and complying with payment card security standards, and understanding data protection regulations like GDPR. These aspects are not just superficial features that can be added at the end of the development. They are integrated into the system architecture from the beginning.

Requirements for compliance determine data storage, access logging, transaction monitoring, and incident reporting. Stripe is a great example of a company that was able to turn compliance into a long-term strategic asset. By developing internal compliance tools early, Stripe was able to expand internationally faster than its competitors that were relying on fragmented or manual solutions. For start-up products, third-party services often lessen the initial effort; however, integration, customization, and ongoing maintenance are still significant contributors to the overall cost.

Feature Scope and the Cost of an MVP Versus a Scalable Product

The definition of feature scope at the outset by teams is another significant factor affecting costs. Most of the time, quite a few of the startups in the FinTech field think of the existing market leaders and want to have the same features as them right from the start. This typically leads to budget overruns without any improvement in the product-market fit.

The early product path of Revolut is a good example of the more sustainable way of going about it. The first version was designed for the international cards and currency exchange, solving a particular problem for tourists. The company only launched the areas of trading, crypto, insurance, and business banking after it had already validated demand. This staged rollout not only controlled initial costs but also laid the groundwork for future expansion.

Technology Stack and Third-Party Integrations

FinTech applications are not frequently utilized as independent systems. They depend on various services such as payment processors, banking APIs, identity verification providers, credit bureaus, fraud detection services, and reporting tools. Therefore, every integration brings along development work and risk of dependency for the long term.

The buy-now-pay-later services very clearly show this complexity. Organizations like Klarna and Affirm rely on real-time risk assessment engines capable of transaction evaluations in milliseconds. These systems have to be built and sustained with the help of highly skilled backend staff, extensive testing, and meticulous watching over, even if parts of the reasoning come from external suppliers.

Team Experience and Delivery Model

Hourly rates show large differences depending on the region but the FinTech development sector usually pays more for experience than for the cheapest option. A group that knows nothing about the financial regulations or security measures could lead to the creation of a system with flaws that would eventually cost a lot to fix. Mistakes in regulated sectors are costly, audits are strict and customers lose their confidence in the product very fast if there is a system outage.

That is why the maturity of delivery is often a more important factor than the location. Teams with previous FinTech experience are usually the ones who recognize the regulatory issues first, create the more resilient systems and, as a result, have less likelihood of needing to redo the job.

Realistic Cost Scenarios from the Market

By observing real-life situations, one can better understand what to expect. A home-based early-stage lending startup in the United States generally allocates its budget for flows of onboarding, integrations of credit scoring, logic of loan management, and compliance readiness at a minimum. Such a product is often priced in the low six figures range.

An app for cross-border payments aimed at European users has to overcome a higher obstacle. Requirements for multi-currency support, monitoring of transactions, and very strict data protection have the effect of increasing both the costs of development and compliance. The mentioned factors justify the fact that pretty much alike FinTech apps can have totally different budgets.

Ongoing Costs Beyond Launch

The launch is not the last step in development. Besides that, there are regular costs that include the support of the cloud infrastructure, the payment of third-party services, the performance of security audits, the implementation of updates according to the regulations, and the product enrichment. Actually, maintenance per year is sometimes as high as fifteen to twenty-five percent of the initial development cost.

On the other hand, the very co-founders who neglect this phase in their planning will often face difficulties in maintaining their growth, despite the fact that the first launch has gone well.

Conclusion

No single price tag fits all for the development of a FinTech app. The expenses show the product’s ambition, the exposure to regulation, and the long-term strategy. Winning companies think of the development as an unending investment in trust, security, and resilience instead of a one-time engineering work. This kind of thinking often distinguishes the FinTech products that quickly gather users from those that eventually receive the financial ecosystem’s trust for a long time to come.

The post How Much Does It Cost to Build a FinTech App: Detailed Estimation appeared first on XI Vero.

This comprehensive guide provides the foundational score – a roadmap to navigate the opportunities and challenges of RPM implementation, maximizing its transformative potential for your business.

RPM transcends the limitations of traditional healthcare models, delivering a harmonious blend of benefits for both patients and providers:

• Enhanced Patient Care: Continuous data streams empower proactive interventions, optimize treatment plans, minimize complications, and improve overall well-being. Imagine fewer readmissions, better chronic disease management, and heightened patient satisfaction, all resonating with the melody of personalized care.
• Streamlined Operations: RPM reduces unnecessary in-person visits, freeing up valuable resources for complex cases. Patients become active participants in their treatment, leading to increased medication adherence and improved outcomes. Think optimized workflows, reduced administrative burdens, and a more cost-effective care delivery model.
• Data-Driven Decisions: The wealth of real-time data generated by RPM unlocks a new level of insights, informing strategic resource allocation, personalized treatment plans, and even future healthcare innovations. This analytical symphony empowers data-driven decision-making, optimizing every note of your performance.
• Financial Harmony: Early detection and prevention of health issues translate into significant cost reductions. Think minimized hospital stays, reduced medication errors, and lower administrative expenses. RPM harmonizes financial sustainability with enhanced patient care, composing a healthier bottom line for your business.

Benefits of Remote Patient Monitoring Implementation

RPM isn’t just about monitoring vital signs from afar. It’s a symphony of interconnected advantages that benefits both patients and providers:

• Enhanced Patient Care: Continuous data streams allow for proactive interventions, preventing complications and improving overall well-being. Imagine fewer hospital readmissions, better chronic disease management, and personalized care tailored to individual needs.
• Streamlined Operations: RPM reduces unnecessary clinic visits, freeing up resources for complex cases.
• Cost Savings: Early detection of health issues translates to significant cost reductions. Think minimized hospital stays, reduced medication errors, and lower administrative burdens.
• Data-Driven Decisions: RPM provides a wealth of real-time data, enabling data-driven decision-making for optimized treatment plans, resource allocation, and even future healthcare innovations.
• Improved Patient Engagement: By involving patients in their own care journey, RPM fosters trust and collaboration.

Trends and Technologies Shaping RPM

The RPM landscape is constantly evolving, with exciting trends emerging:

• AI and Machine Learning: These technologies are transforming data analysis, providing actionable insights for personalized care, and even predicting potential health risks before they occur.
• IoT Integration: Smart devices are seamlessly integrating with RPM systems, enabling continuous monitoring of vital signs, medication adherence, and even environmental factors impacting health.
• Telehealth Expansion: Remote patient monitoring software is paving the way for broader telehealth adoption, making healthcare accessible even in remote areas and reducing geographical barriers.

Implementing RPM for Optimal Results

While RPM’s potential is undeniable, successful implementation requires careful orchestration:

• Define Your Goals: Identify your specific needs and challenges, whether it’s improving chronic disease management, reducing readmissions, or enhancing patient engagement.
• Choose the Right Instruments: Select an RPM system that aligns with your budget, technology infrastructure, and specific needs. Consider factors like data security, user-friendliness, and integration with existing systems.
• Harmonize Technology and Workflow: Ensure seamless integration of RPM into your existing operations. Train staff on new technologies and processes, and create clear communication channels for data interpretation and action.
• Data Integrity: Leverage data analytics to extract actionable insights from the wealth of information generated by RPM. Invest in skilled data analysts and the right tools to transform raw data into meaningful decisions.
• Embrace Collaboration: Partner with technology providers, healthcare institutions, and patient advocacy groups to share best practices, address challenges, and maximize the impact of RPM.

Conclusion

By understanding its potential, navigating its implementation, and embracing a collaborative approach, you can leverage RPM to compose a symphony of enhanced patient care, streamlined operations, and tangible ROI. The future of healthcare is not just about listening to heartbeats, it’s about orchestrating a data-driven harmony for a healthier, more profitable tomorrow.

Remote Patient Monitoring takes center stage, wielding data as its baton. This technology conductor promises a symphony of enhanced care: fewer readmissions, minimized errors, empowered chronic disease management, and cost savings beyond imagination. But, like any masterpiece, execution requires meticulous attention. Compose your goals, choose your instruments wisely, and rehearse data analysis and workflows.

Collaborate with diverse players to amplify the impact. Embracing RPM is not just implementing a technology; it’s conducting the healthcare harmony of the future, one data-driven note at a time. Join the performance and listen to the resounding applause of enhanced care, empowered patients, and a healthier tomorrow.

The post Remote Patient Monitoring: 2024 Guide to Enhanced Care appeared first on XI Vero.

This article is prepared to examine the advantages of mHealth technology and explore reasons to implement it into your internal processes.

Why mHealth Needs to Be Adopted

The future of medical consultations is rapidly shifting from the traditional face-to-face doctor’s visit to online or mobile health (aka mHealth) options. mHealth technology is paving the way for a new era of virtual healthcare, offering more convenient and accessible care for patients.

Thus, healthcare providers can use smartphones and other mobile devices to remotely monitor patients’ conditions, track their progress in real-time, and create personalized care plans based on individual needs. This technology is now being used in various settings, including clinical and non-clinical environments such as schools, home care, and workplaces.

The mHealth apps are split into the above categories

A Closer Look at the Cost-Saving Benefits of Mobile Health Apps

Mobile health apps offer various benefits, including the management of different chronic and dangerous illnesses and the provision of remote consultation and diagnosis services, or offering the medical educational materials (like LMS systems for healthcare). Moreover, these apps allow patients to access healthcare services easily, regardless of where they are or the time, while also enabling medical professionals to monitor and manage patient data in real-time.

We have compiled the most common benefits that the mHealth solutions may bring to your business. We invite you to explore them and make your decision.

• Mobile health apps increase accessibility to care, which is especially helpful for patients who face geographical or financial constraints.
• Moreover, mHealth applications enable enhanced communication between healthcare providers and patients, leading to more accurate diagnoses and treatments tailored to an individual’s needs.
• They are also convenient, allowing patients to access their medical information, schedule appointments, and monitor their progress over time. This reduces the need for unnecessary doctor visits, lowering healthcare costs and reducing the paperwork and administrative costs associated with traditional care models.
• Finally, mHealth applications can improve patient outcomes by managing chronic conditions and detecting early warning signs. This is achieved through increased access to care, improved communication between healthcare providers, physicians and patients, and convenient progress tracking.

How Mobile Technology is Enhancing the Patient-Doctor Relationship

The utilization of mobile technology in the healthcare industry is experiencing significant growth. Healthcare providers and organizations are recognizing the significance of efficient and reliable healthcare solutions, resulting in an increased demand for mHealth apps with innovative uses.

Telemedicine is a practical application that makes use of chatbot software. The software possesses AI and natural language processing capabilities that assist in guiding patients through a diagnostic interview. The technology also allows providers to increase their patient capacity and provide high-quality care from a distance.

Moreover, the digital health records securely store patient information, which helps to reduce paperwork. The caregivers also have the option to utilize apps that can assist them in tracking medications, setting alarms, and receiving reminders. This way, mHealth apps provide convenience and contribute to improved health outcomes.

mHealth App Development Flow: From Idea to Release

The mHealth app development can be broken down into several distinct steps. Look at our prepared overview to make the flow clear for you, which will help you plan your time before the mHealth development starts.

Conceptualization. The initial stage of the development process involves brainstorming ideas for a mHealth app. It means you should conduct brainstorming, researching, and deciding on the functionality that will be included in the app.

Design stage. UI/UX designers create wireframes or mockups that determine the visual and functional aspects of the app, such as colors, fonts, images, and navigation elements. These elements will be utilized throughout the entire design process.

Development and testing. In this phase, your EHR software development company creates a working version of the solution based on the design created in the previous step. This includes coding for all of the app’s features and functionality and debugging to ensure everything works properly.

Before releasing the app into production, it must undergo rigorous testing to ensure it meets quality standards and performs as expected on various devices and operating systems.

Release. Once all tests have been passed with flying colors, the application can finally be released to users.

Conclusion

Mobile health technology offers convenience, accessibility, and cost savings for healthcare providers and patients alike. mHealth tech can be used to diagnose and monitor conditions, provide remote patient monitoring, deliver personalized care plans, manage chronic illnesses, collect data for research purposes, and facilitate communication between doctor and patient. As mHealth technology continues to evolve, so too will the opportunities for healthcare providers and patients.

Deciding to start mHealth software development, you should care about finding a healthcare software development vendor that will help you with solving all the problems and intricacies the healthcare solution creation can contain. The vendor’s specialists will carefully guide you through the building process, delivering you a seamless app that will be profitable and helpful for your business.

The post From Doctor’s Visit to Smartphone: The Future of Healthcare Through mHealth appeared first on XI Vero.

You can create a Spotify-similar streaming application, and this essay will help you to do it most efficiently. Here, we’ve gathered all the essentials you should know to develop a qualitative streaming solution that will be delightful for users, profitable and satisfying for your business needs.

What is Spotify? The Essentials to Consider

Before you start developing a streaming solution like Spotify, you need to find out what this service is, its operating peculiarities, and other crucial information. So, let’s start discovering. 

Spotify is a digital service for streaming music. It allows millions of customers to listen to favorite tracks and podcasts or look through video clips of well-known singers. Spotify can function in view of a website or a mobile app, depending on the user’s choice. This service utilizing is free of charge; however, some premium functionality enhances the user experience and can be obtained by paying for Spotify Premium. 

What do users get with a Spotify Premium subscription? These are the following commodities as:

• Offline listening
• Switching tracks without any advertisements
• Enhanced quality of the audio played
• Opportunity to use the subscription together with five friends, etc.

Spotify website’s view

Now, we’ll look at how this audio-streaming giant functions. You can start working with Spotify in two ways:

• Register your user account on the Spotify website (or download a free app from a marketplace). The social login through Facebook is also available, giving you an opportunity to find your Facebook friends, follow them and look at what track they like.
• Choose a kind of subscription (Spotify Premium, for example). This selection will help you connect with more devices and make your Spotify use more flexible and advanced. 

Spotify offers music for listening quickly and without any delays. How does it happen? A peer-to-peer (P2P) network streamlines the process turning the server users into microservers for the data exchange. This way, when you start playing a chosen song or a podcast, Spotify doesn’t apply the required data to a server, but retrieves it fragmentally from various users’ devices. Such a process can be performed even if people are offline. 

All the content on Spotify is played legally. It means the service owners got the license — the permission to publicly perform the audio tracks (or even video clips) for their customers. Planning the Spotify-like app creation you should care about this question. 

What organization should you apply to for having audio license? It depends on where your target audience is located: thus, if you’re aimed at European listeners, you can talk to European Stage Authors and composers. In case you plan to render your services to American market, The Broadcast  Music Incorporated is the organization you need to ask for licensing.

It should also be mentioned that Spotify watches your listening habits. It means if you save the first track of Celine Dion to your album, the system automatically prepares the next one. Spotify’s smart engine for quick audio streaming allows you to switch your favorite music without delays and even change the typical order of playing tracks. 

Developing an App Like Spotify: Where to Start?

Spotify became a go-to service for millions of music listeners around the world. According to a Forbes article, Spotify remains the biggest streaming server in the world at the beginning of 2022. Its revenue is more than $3 billion, as Macrotrends proves in their report. 

It’s not surprising that the entrepreneurs want to replicate Spotify’s commercial success and create a solution similar to it. Let’s find out what is required to build a Spotify-like streaming service. 

Choose a software development team to work with

Creating a solution like Spotify is a complex process, so you need to choose a team of qualified specialists in order to develop a top-class software. There are two effective hiring options you can choose from:

In-house team. You will be able to find and gather the local software experts under the roof of your office. Knowing how to create an audio and video streaming website (or application), they will build and deliver a qualitative digital product for your business purposes. However, you can choose this recruiting option if you have enough experience, time and money to look for local specialists, check their skills and employ them.

Collaboration with an outsourcing software development vendor. This option will be perfect for your business if you need to quickly find a sufficient way to create an audio streaming app with advantageous quality to price ratio. All you need is to choose a software development provider to collaborate with and start contacting them. 

How audio streaming app is created in outsourcing company: the typical development stages

After you’ve contacted an outsourcing software development vendor, told them the details of your project, and signed necessary documents for the upcoming collaboration, your software will pass the stages described below. 

The discovery stage is a start point for your streaming product to be properly prepared. This is the time for the specialists to enhance the quality of the product and make a detailed project specification defining functionality the app should contain, the third-party services to include, and other. Moreover, the composition of a future team to work on your project is decided on this stage. 

At this time, the UI/UX designers also start creating the upcoming app interface. This process begins from building a design concept, as well as the User Experience (UX) map. You can also offer them your own design sketches, if you have some. It should also be considered that the future streaming app design is tested for several times by the QA engineers who ensure that it’s easy to navigate and customer-friendly to offer you a flawless user experience.

After the designers finish the interface creation, the developers can start bringing the streaming solution’s functionality into life. Let’s talk below about how it happens. 

Spotify’s screen for new account registration as an example for your streaming app design

Product development and Quality Assurance. The software development engineers now need to implement the pre-defined list of features for your streaming solution by encoding them. All the process is controlled by a Project Manager (PM) and divided into sprints. These are short time periods (about 2-3 weeks) which purpose is to create a specific part of functionality or a full-fledged software.

QA team works together with the developers checking the developed functionality for bugs. In case the bugs are found, QA engineers make bug reports for the developers to deal with hotfixes. One of the QA team task is also to concentrate on the possible scenarios of the non-standard user behavior and eliminate the issues that can arise.

Software release means the streaming solution is published in the marketplaces (if it is a mobile app), or moved to a live server (if it’s a website). It is done after numerous tests from QA. 

After-development activities. The collaboration with an outsourcing IT provider is not ended after your audio streaming app is developed and released. The provider’s specialists continue to check the created solution for bugs, and add new features to it according to the early users’ feedback.

Thus, you can see that the outsourcing vendor will be your reliable assistant in solving the question of how to create an app for your business. They can carefully guide you through the development flow avoiding pitfalls (you’ll be able to fully participate the process) and delivering you a stable, effective and attractive Spotify-like solution. 

How Much the Spotify-Like App Development Costs?

The development price of a Spotify-similar solution is also one of the essential for the entrepreneurs. It ranges from $70,000 to $105,000, and the price growth depends on different factors. Some of them are the following:

• App operating system choice (e.g., iOS or Android)
• Solution’s security issues
• The size of the software
• Tech stack to be used during the project
• The UI/UX design
• The core and the advanced app features, etc.

Core features to be included in your audio streaming app functionality list

Cooperating with an outsourcing software development vendor, you can also have rough and detailed cost estimates prepared by experts. These estimates will help you wisely and effectively plan your expenditures. Moreover, you’ll always be able to apply to vendor’s specialists for consultation and advice, as well as promptly obtain it. 

Summing Up

As you can see, the creation of a music streaming solution like Spotify is a complex process, requiring a lot of knowledge, resources, and time. However, the skilled outsourcing software development company can assist you in such a development. The vendor’s professionals will be your trustworthy helpers in building of a streaming solution, which will fully fit your company needs, and attract new users for further business development.

The post Streaming App Development: All You Should Know About in 2023 appeared first on XI Vero.

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What is the metaverse?

The term “metaverse” was first used in a paper that was published in 1991 by a group of scientists interested in virtual reality. They used the term as a shorthand for “Metagraphics,” which means “to be beyond graphics.” In this paper, the authors describe the metaverse as a “global artificial reality” that exists as “a consensual hallucination,” created by the convergence of computer networks and the human imagination. Since then, the term has become increasingly common, and the concept behind it has evolved. Today, the metaverse is generally understood to be an expansive, interconnected virtual world that exists outside of traditional physical boundaries. It is a place where people can interact, create, and explore without limits, where the boundaries of reality and fantasy can be blurred. The metaverse is primarily digital; it exists in a virtual space, separate from the physical world we inhabit. The virtual world allows user interactions, creations, and experiences that would not be possible in the real world. It is a space where the rules of reality do not apply, where imagination and creativity can be explored and shared in new ways.

Benefits of the metaverse

The benefits of the metaverse are vast, and there is potential for the technology to have a transformative impact on our world. The benefits include: – Increased connectivity – The metaverse can foster an environment of increased connectivity, enabling people to connect and collaborate regardless of physical distance. This could have potential applications in the business world, where virtual meetings could replace costly and time-consuming travel. – Enhanced creativity – The virtual nature of the metaverse provides a space where imagination can be explored freely, enabling a heightened sense of creativity. This can lead to the creation of new and unexpected art and ideas that might not be possible in the real world. – Enhanced problem-solving skills – Virtual simulations can be used to train in a risk-free environment, with the opportunity to learn from mistakes and make adjustments as needed. This can be applied to a wide range of fields, including military training, health care, and engineering. – Social benefits – Virtual spaces can allow individuals to explore identities and connect with others who might not be able to do so in the physical world. This has the potential to reduce social isolation, provide a safe environment for experimentation, and create a more inclusive online space.

Potential applications of the metaverse

As a result of the benefits of the metaverse, there are a number of potential applications that have been discussed in recent years. While some of these potential uses are more likely than others, the virtual reality technology is only just beginning to emerge. With time, we will likely see the metaverse applied in new and innovative ways. – Collaborative design – Architecture, construction, and engineering firms could use the metaverse to collaborate on design projects, enabling teams to work together regardless of location. This could potentially result in more sustainable buildings, as well as reduced costs. – Education – The metaverse could be used in education to enhance the learning process, helping to boost creativity and problem-solving skills. This could apply to a wide range of subjects, including the arts, sciences, and humanities. – Health care – The health care industry could use the metaverse to create immersive training environments that allow trainees to practice with virtual patients. This has the potential to reduce the risk of mistakes and improve patient outcomes. – Immersive journalism – Journalists could create a virtual environment to re-create events or places in a way that is both engaging and factually accurate. This could be applied to a wide range of topics, including political events, natural disasters, and historical moments.

Social implications of the metaverse

The social implications of the metaverse are vast, and they are potentially both positive and negative. The potential of the metaverse to foster creativity, collaboration, and increased connectivity is great. However, there is also potential for misuse of the technology, and for it to create a more fragmented society. – Potential for increased isolation – While the ability to connect with others in the metaverse can be empowering, it also has the potential to foster isolation. This can be particularly dangerous for individuals with mental health issues, who may find virtual communication easier than real-life interactions. – Exploring darker sides of human nature – The virtual reality technology and the ability to create new identities in the metaverse has the potential to allow users to explore darker sides of human nature, including violent fantasies and sexual desires. This has the potential to create a more toxic social environment, where hate speech and bullying could be more common. – Privacy implications – As the metaverse becomes more popular, it could have implications for privacy, as more and more of our data will be stored in the virtual space. This data can be used for a variety of purposes, and it is important to be aware of the ways in which it might be used.

How the metaverse can shape the future

The virtual reality technology has the potential to shape the future in significant ways. With the development of advanced VR technology, we could see the creation of a completely immersive virtual world, where the boundaries between reality and imagination are blurred. This could have a transformative effect on our culture, enabling us to explore new ideas, create new art forms, and experience new ways of being. The technology also has the potential to transform how we live and work, enabling new kinds of interactions and collaborations, and reducing travel costs in the process. It also has the potential to transform education, helping to engage young people and build skills needed for the future. The virtual reality technology has the potential to shape the future by providing new ways to interact, new ways to collaborate, and new ways to experience the world. It may also enable us to explore new ideas and create new art forms. It could transform how we live and work, and transform education, as well.

Challenges the metaverse presents

As with any emerging technology, there are also potential challenges associated with the virtual reality technology. Some of these challenges include: – Privacy concerns – As the virtual reality technology becomes more widespread, there is potential for issues related to privacy, including data breaches and breaches of privacy. This can affect not only individuals, but also organizations that collect user data. – Health and safety concerns – As with any technology, there are concerns related to health and safety. Virtual reality technology has the potential to negatively impact human health, and is not recommended for children under 13 years old. – Lack of social interaction – The virtual reality technology has the potential to reduce social interaction, resulting in a more fragmented society. This can create both positive and negative effects, depending on the circumstances. – Lack of realism – Virtual reality technology can also have the potential to lack realism. This can result in a flattened, unengaging experience that does not foster creativity.

Conclusion

The metaverse is an expansive, interconnected virtual world that exists outside of physical reality. It has the potential to foster creativity, enhance collaboration, and foster connectivity, while also allowing us to explore darker sides of our identities. The technology also presents challenges, including privacy concerns, health and safety concerns, a lack of social interaction, and a lack of realism. As the technology develops, it will be important to consider how it can shape our future and what implications it may have for society.

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In this article, we are not gonna tell you how to get a smuggled clone of the app. Instead, let’s discuss WhatsApp through the perspective of a baseline or a skeleton you can use to create your own application featuring unique solutions but with the same mission in mind. 

Thus, the peculiarities of the WhatsApp tech stack, along with the time and cost of the development of its main features, are our main focus today. Ready to dive in? Hands app!

WhatsApp: a Short Story of One Popularity 

WhatsApp was created in 2009 by two friends and past Yahoo employees who quit their jobs in one day, Jan Kraum and Brian Acton. As it often happens, the primary incentive behind the app’s creation originated with the gap in another technology. Namely, it was Kraum’s dissatisfaction with the iPhone that inspired him to establish WhatsApp Inc. The company offered an app software allowing users to set statuses of their availability for a call, which was revolutionary at the time. 

Nevertheless, WhatsApp did not become an overnight success. For a couple of months, it actually seemed to be a failure. Luckily, it was not long before the game changer came:  iOS released its push notifications, and the number of WhatsApp users grew exponentially. 

Today, out of all apps that cater to a simpler and faster method of communication, WhatsApp has the largest audience amounting to two billion users (to compare, Facebook uses 1.3 billion people). WhatsApp popularity recipe narrows down to such main ingredients as user data privacy and security, quick and fail-safety user–to-user and multiuser communication, along with non-advertisement policy and absence of subscription fees.

Tech Backstage 

Let’s take a quick look behind the curtains of WhatsApp’s smooth performance ensured by dedicated development team services to see how it works from the technical side.

• Platform. In the beginning, WhatsApp was developed on iOS and consequently could only work on iPhone and its fellow devices. But things quickly changed when after a year of presence on the market, WhatsApp gained its first million users. In 2010, the app became a cross platform and can now be equally reached on BlackBerry, Android, or iPhone. 
• Programming language. The language in which WhatsApp is written is somewhat special. Erlang, the programming language, was created at the end of the 80s by the engineers of Ericsson, a large telephone airline provider. Erlang’s mission was to effectively manage a real-time system consisting of concurrent processes requiring fail-safety and fault tolerance: telephone switches at the time. Times have changed, but Erglang’s aptitude has not. It is currently leveraged by many popular messengers, including WhatsApp. 
• Messaging protocol. Every app with a chatting feature implemented needs a protocol under which the communication happens. For example, WhatsApp uses Extensible Messaging and Presence Protocol, or XMPP, enabling flawless data exchange between the app’s server and users’ end devices. XMPP not only ensures instant user access to messages but also informs the server about the user status.  

• Privacy measures. WhatsApp is famous for standing on the guard of user privacy. End-to-end encryption is the main weapon to mention in this fight. In a nutshell, end-to-end encryption implies that data gets encrypted while traveling through the app’s system and is only kept on the server before the end user confirms its reception. 

Development Spends 

Now to calculate the cost of WhatsApp development, it’s simply needed to multiply the rate of the development team by the number of hours needed for the feature development. For example, an iOS development company from Central Europe charges approximately $50 per hour, and our calculations are based on this rate. Additionally, development time depends on a platform you choose. For example, on the iOS platform, WhatsApp-like app’s development time, taking into account basic features only, would take about 620 hours, while the total development cost for one platform will be $30,000.

Average development time for iOS, Android, and back-end.

Basic Features 

Now that we know the approximate time and cost of WhatsApp’s development, let’s break down these numbers into smaller particles and allocate them to the app’s features. 

WhatsApp registration process. 

Messages exchange. WhatsApp ensures instant user-to-user and group chatting.

Development time: 210 hours.

Notifications. WhatsApp uses push and pop-up messages, which means that users receive information related to their communication in the app. 

Development time: 12 hours.

File delivery. Thanks to this feature, users can send voice messages, videos, and pictures via WhatsApp. 

Development time: 45 hours.

Contact sharing. The feature allows users to exchange contacts and save them in the contact book.

Development time: 68 hours.

Voice call. Online call is a cheaper equivalent of phone connection, which allows users to reach each other regardless of their location.

Development time: 200 hours.

Registration. WhatsApp doesn’t lead its users through traditional login and password procedures to register. Instead, only a phone number is used. All numbers in the user’s contact list are checked automatically by the app’s software. It then collates that data with the WhatsApp user base to list contacts in the app.

Development time: 55 hours. 

Apart from the above mentioned basic set of features, many other features can be implemented via a messaging app development to make it more user-friendly, such as adding stickers to the chat settings or enabling users to track the history of their actions. Of course, expansion of the feature list means a corresponding increase of time and investment spent on the development. Still, going the extra mile is always justifiable when it comes to tailoring an app so that it meets the requirement of uniqueness and stands out among competitors. 

Thus, we’ve run a quick review of nowadays’ most popular messenger, its technical peculiarities, and what it would take to create such an app in terms of time and cost. WhatsApp is a perfect example to take point by point, get inspired, and use a baseline for your own success story.

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Without doubt, customer loyalty is a result of the real value of your product proved upon its use, but gaining initial, ground-zero trust of your target audience is the task of UX design. In practice, this means that designers leverage various elements of UX design to provide users with a smooth and clear experience while using the web product. In this article, we’ll talk about the importance of the first impression when facing a website, and how to ensure it inspires trust with the help of properly approached UX elements.  

First Impression O’clock  

Although websites are inhabitants of virtual dimensions, the law of first impression covers them equally to the creatures of flesh and blood. If UX design fails to prove your website can offer a meaningful user experience within the first seconds of this meaning, nothing will shred this first estimation.  

As almost any other thing in this world, the first impression also faces the necessity to meet the deadline. For instance, that’s how much time it takes for users to assess attractiveness of some of the UX elements of your website: 

• Navigation menu – 6,44 sec.

• Search line – 6 sec.

• Footer – 5,25 sec.
• Logo – 6.48 sec.
• Content – 5.59 sec.

Each UX design component has its “expiration date”, i.e. the minimal guaranteed time span of keeping a user’s attention fresh and undemanding. To win user’s attention at this first impression’s phase and consequently ensure solid customer retention rate, special techniques are used.

What makes great UX design: best techniques and approaches 

Here it is worth clarifying that UX design is a wide notion that covers all kinds of elements required for ensuring smooth user experience, including many of those traditionally associated with UI design. The mission of UX design spans a vast arrow of processes covering product’s integration at all its phases. Thus, UX techniques really consist of user experience design (UX), user interface design (UI), and usability. 

• User research. Cohesive research of the target audience is the ground zero of every UX strategy, especially the one seeking to inspire trust to the product. Understanding of your user’s mindset is critical for choosing a proper approach in providing them with a sense of reliability while exploring your website.   

• Information Architecture. Information architecture deals with bricks just like the classical one but instead of clay UX bricks are made of data. Implementing solutions based on information architecture means arrangement of various pieces of website’s content in the order squarely fitting users’ habits and preferences. Unless your website content is located in a clear way, whispers of users’ desire to proceed on their customer journey barrel toward their swift end. 
• Interactivity. Static pensive design creates a pattern where users poise before every action implied by the purchase funnel.  In contrast, interactive UX design keeps the user in constant active mode as it ensures transparency of website navigation. Besides, interactive design serves the high purpose of personalized approach towards perceiving the website’s aesthetics and functionality during customer journey. 

• Testimonials. Feedback officially rules the stage of most effective tools in web-space decision-making. For entrepreneurs it is a way to know how their digital product is actually used by users who are already familiar with it, and for those who are not, it is a key reasoning point in deciding whether to do so.   
• Flexibility. Reliability of UX design is also determined by its ability to function equally across multiple platforms. That is all the elements of UX design content should look and act organically regardless of whether users reach it via an app, a tablet, or a PC. Additionally, design’s flexibility is determined by many other factors, for example, a wide range of payment options.  

An example of Information Architecture in Uber 

Ways to Analyze Website Usability

Okay, now that we have already discussed how to approach UX design in a way granting positive user experience. But how do you know that implementation of such solutions actually brings desirable outcomes? There are two primary types of methods you can use to measure and assess your website’s productivity in terms of UX design — quantitative and qualitative. 

Quantitative methods are helpful in analyzing click-through rates, tracking conversion rates, and more. As a result, you can understand user behavior better.

Qualitative methods serve the purpose of estimating customers’ ability to navigate the UI comfortably and their ability to successfully complete tasks during this process.

Of course, it’s better to use quantitative and qualitative methods combined. Additionally, there are certain metrics that are used to analyze customers’ behavior. Specifically, it is crucial to monitor how fast customers leave your website and how many of them want to continue the cooperation. 

There are a whole bunch of tools out there that can help you analyze the relevant data to gain accurate statistics. Most popular of such tools are Google Analytics and Open Web Analytics. 

• Google Analytics. The biggest reason why so many website owners apply to Google Analytics is its broad functional set. For example, the service offers real-time statistics and the ability to monitor traffic sources. 
• Open Web Analytics. Companies use Open Web Analytics as a content analysis tool. It has no limits concerning data storage and the number of websites that are accessible for measurement. OWA is capable of measuring unique visitors, page views, referral websites, and user location.

Besides, as was mentioned earlier, excellent UX design covers all devices from which a website can be opened. To this end, every UX design should correspond to the requirement of adaptivity.

Well-considered UX design is crucial for building trusting relationships with your customers. Integration of innovative UX techniques within your website is a must to ensure meaningful user experience and, as a result, your customers’ positive feedback and loyalty.

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