Hire Banking App Developers: Everything You Need to Know

What Skills Does a Banking App Developer Need?

In this section, we've made a compilation of the best skills a competent banking app developer should have. The world and the banking system are evolving at a rapid pace. To succeed in the banking industry, you need to invest in hiring truly talented and experienced experts who have the necessary skills to develop reliable and scalable applications. Let's take a look at what skills mobile banking app developers should have.

Cybersecurity

With the massive integration of finance, there is a huge amount of finance-related data on the Internet. This data is also contained in banking applications and needs to be protected from hackers and unethical use. Knowledge of cybersecurity and the ability to provide it is one of the main skills of any qualified banking solutions developer.

Programming Skills

Without knowledge of programming and mobile app development, it is impossible to create banking applications. Programming skills play a vital role in providing a wide range of functionality to banking applications. Banking application developers should be familiar with popular programming languages such as Python, C++, C, Java, R and others.

Data Analytics

Banking application developers need to be able to make more objective judgments based on facts and statistics. Data analytics helps in making decisions that will ultimately lead to successful growth of the application. The ability to analyze, evaluate, and interpret the available data will help banking app development specialists make suitable recommendations on how to use the data to improve the quality of the application.

Artificial Intelligence and Machine Learning

Knowledge of artificial intelligence and machine learning is a useful skill for any proficient banking solutions developer. Artificial intelligence and machine learning allow financial institutions to take advantage of automation and increased performance. AI and machine learning are helping to detect any type of bank fraud by authenticating a person. The fintech development process cannot be considered meaningful without the use of machine learning.

Where to Find Banking App Developers?

Finding competent bank app developers can seem like a difficult task. There are many effective platforms and services where you can hire experienced banking application designers, programmers, and architects who can successfully meet all your requirements and goals. We will explain the different ways you can find software developers to build your banking product.

Job boards

Job boards have easy-to-use search filters to find developers in a database of qualified professionals. Using Job Boards, you can quickly find employees and fill the gaps in your team. Job boards have their pros and cons, which we have listed below.

Pros:

• Your job posting will be seen by thousands of banking application developers.
• You can find developers based on the skills needed for this position.
• There are many tools and opportunities for advertising so that many professionals will know about your vacancy.

Cons:

• Recruiters will have to spend plenty of time reviewing many resumes from specialists, most of which will be unsuitable for your position.
• Top-notch developers don't use job boards.
• You'll have to pay to post job postings, and if you won't find the appropriate candidates, you'll be wasting a lot of money.

Recruiting Agencies

Many companies are struggling to find experienced programmers, and the high demand only exacerbates the problem. This is where recruiting agencies come in, acting as partners in finding competent banking solution developers. Let's look at the pros and cons of using a recruiting agency to find employees.

Pros:

• It saves time because you don't have to look through numerous resumes from unsuitable candidates and communicate with them.
• The process of finding and hiring experienced developers speeds up considerably.
• A recruiting agency receives a percentage of the closed vacancy and is therefore interested in finding the right specialist as quickly as possible.

Cons:

• Not all recruiting agencies can help you train temporary workers.
• The recruiting agency has a poor understanding of your company's culture, which can have a negative impact on employee recruitment.
• Disreputable recruiting agencies do not vet developers before recommending them.

Outsourcing Firms

Instead of expanding your staff, you can simply order the necessary services from outsourced software development companies. When choosing this strategy of hiring banking solution developers, you should know and consider the advantages and disadvantages of outsourcing, which we have described below.

Pros:

• Outsourced application developers do not need additional training to get the job done because they already have the necessary experience.
• Money saving because there is no need to pay for vacations and other social benefits.
• You immediately get a fully-fledged development team ready to cooperate.

Cons:

• There is a risk of confidential information being disclosed.
• A more expensive option compared to freelance developers.
• You will not be able to fully control outsourced developers in terms of the product development deadlines and scope of tasks.

Freelancers

If you need to develop certain functionality for a banking application that your in-house team cannot handle, and you expect to get it done in a short amount of time, then hiring freelancers would be a great option. If you are looking for freelance programmers, find out what reviews their previous clients have left about them. Pay attention to the competence of the freelancer and the quality of the completed projects. Keep in mind that hiring a freelance developer comes with various risks, including a fake portfolio or sudden disappearance without explanation.

Talent platforms

Talent platforms are a reliable way to find and hire competent, pre-vetted banking application developers. Using talent platforms, you'll get instant access to the best software developers. Developers on talent platforms are vetted, interviewed and tested for the skills needed to successfully develop banking software. Moreover, talent platforms will save you money and time, as you won't have to go through the long process of searching and interviewing multiple candidates yourself.

How to Hire Banking App Developers?

If you are looking for competent specialists to make your banking app idea a reality, but you don't know how to hire them, we will tell you all the nuances now. Hiring the right bank developers for your company is quite a challenge, especially if you have little hiring experience. By taking advantage of our tips provided below, you can make the entire process of hiring developers seamless.

Define the Required Technical Knowledge

You should be aware of what programming languages, frameworks, and other tools an outsourced development team needs to know to develop a banking application successfully. The development of a banking software solution is divided into two parts: the frontend and the backend. Below, we have looked at examples of technologies that are used in each part of application development.

Frontend Development

The frontend is the client side of fintech banking application development, which is related to everything the end users of the application interact with. The frontend includes all the visual elements that users see in the app and interact with. When developing the frontend of an application, it is necessary to use technologies that can be used to implement the visual and interactive elements of the application. Let's take a look at the most popular frontend development technologies:

• JavaScript;
• HTML;
• CSS;
• React;
• React Native;
• Angular;
• Flutter;
• NPM;
• Ionic;
• Bootstrap;
• Vue.js;
• TypeScript.

Backend Development

The backend refers to the server side of banking application development, which is not directly visible to end users. Backend development plays an important role in storing data and organizing it on the server. Backend developers create and maintain the core logic of the banking application, servers, APIs, databases, and so on. Here are the most popular backend development technologies:

• Python;
• Ruby;
• PHP;
• Java;
• Golang;
• C#;
• Express.js;
• Ruby on Rails;
• Django;
• MySQL;
• PostgreSQL;
• MongoDB.

Interview Questions to Ask a Banking App Developer before Hiring

Asking the right questions to a mobile app developer or an outsourced app development agency will increase the chances of a successful mobile app development result. Based on the developers' answers to your questions, you will be able to choose the best candidate. Here are 10 key questions to ask outsourced banking mobile app developers to see if they have the necessary knowledge and experience:

1. What programming languages and frameworks do you work with to develop banking apps?
2. Do you have experience in cross-platform banking application development?
3. What steps do you take when creating a banking app?
4. Do you provide a roadmap?
5. What is your QA process?
6. Do you provide banking app maintenance?
7. Do you follow any app development methodologies?
8. Are you going to submit the banking app to the app stores?
9. Which special features can you create?
10. How can you ensure high security of the banking application?

Why to Hire Banking App Developers at ARTJOKER?

• Profound Expertise

Our development team has extensive experience in software development, which helps us to create banking applications of any complexity quickly and efficiently. The banking applications we develop are in line with the latest trends in the financial industry.

• Expert Team

There are highly qualified and experienced bank application developers working in our outsourced software development company. We use modern development tools and create stable, up-to-date and error-free solutions.

• Complete Clarity

When ordering outsourced development, companies in the banking sector are often faced with cases of exceeding the budget and timing of product development. We eliminate this risk by coordinating estimates for major tasks before they are completed and negotiating budget constraints with clients before the application is developed.

• Custom Solutions

We create custom banking solutions that fully automate financial activities and are created to meet the needs of specific banks and financial institutions. Custom banking applications provide bank users with complete security, allow them to quickly and easily make transactions and keep track of their financial activity.

• Rapid Development

To achieve timely development of banking applications, we build a roadmap and use modern software development methodologies. Rapid development of banking solutions ensures the success of banks, their revenue growth and an increased customer base.

• Complete Support

Our technical support team provides clients with consultations at every stage of application development, so you will receive up-to-date information on the development progress. Moreover, we will ensure the smooth and error-free operation of your application after its release.