Itexus delivered the app according to the requirements. The team met all development milestones and deliverables. They were efficient, friendly, and cooperative. Itexus team was very timely with updates, a regular meeting cadence, and ad-hoc questions and answers via Slack. The team was very responsive and still is.
Mobile Banking App Development
We specialize in developing mobile banking solutions for financial institutions such as banks, credit unions, and DeFi companies. Our custom-built apps are designed to meet your specific needs, reduce operational costs, enhance customer experience, and drive business growth.
Banking Apps We Build
Digital Banking Apps
Full-featured applications that provide access to traditional banking services such as checking accounts, savings, payments, and transfers via mobile or web platforms.
Crypto Banking
Apps that enable users to manage cryptocurrencies, including buying, selling, storing, and transferring digital assets securely.
Neobanking Apps
Fully digital, branchless banking apps that offer services like account management, payments, and financial planning, often with innovative features and low fees.
Custom Lending Systems
Tailored platforms for managing personal or business loans, including credit scoring, application processing, and repayment tracking.
Money Transfer Apps
Applications designed to facilitate quick and secure domestic and international money transfers with features like currency conversion and real-time tracking.
Expense Tracking Apps
Tools that help users monitor and categorize spending, set budgets, and get financial insights for better money management.
eWallets & Smart Wallets
Secure apps for storing card information and making contactless payments, peer-to-peer transfers, and online purchases with ease.
Investment & Wealth Management Apps
These apps allow users to invest in stocks, mutual funds, ETFs, or cryptocurrencies, often offering tools for portfolio tracking, risk analysis, robo-advisors, and financial planning.
Savings & Goal-Based Banking Apps
Apps focused on helping users save money toward specific goals (e.g., travel, emergency funds, education) by automating savings, setting milestones, and offering visual progress tracking.
Algorithmic Intraday Stock Trading System – Stock Trading Bot
Credit Scoring SaaS App for Financial Organizations
Core Features of a Mobile Banking App
A successful mobile banking app needs a rich set of features to satisfy user expectations. Based on our fintech experience, we implement all the core features of modern mobile banking apps and can extend them with custom innovations. Below are the fundamental features you can expect in an mobile banking app developed by Itexus.
Authentication and authorization
Secure and convenient sign-in using biometric two-factor authentication (e.g., Face ID or Touch ID) for enhanced security and a seamless login experience.
Customer onboarding
Fast, convenient account setup with a digital KYC process – including personal information verification, biometrics, and ID document checks – all carried out within the app.
Account management
Enable users to open new bank accounts instantly, close accounts remotely, view account balances, perform transactions, and even share accounts (e.g., a joint family account) — all through the mobile app.
Card management
Issue virtual and physical debit/credit cards, display and share card details, and provide full control over cards (renaming, activation, blocking/unblocking, etc.). Users can also set custom spending limits or allowed merchants for their cards.
Payments & Money Transfers
Offer simple, secure, and instant payments and money transfers. Transactions are PCI DSS compliant and verified by biometrics, one-time passwords (OTP), or user passwords to ensure security. The app supports various transfer types, including peer-to-peer payments between users, ACH bank transfers, card-to-card transfers, and scheduled or recurring payments.
Transaction History & Management
Allow users to track their finances with a detailed transaction history. They can view transaction details and use advanced filters or search to quickly find specific transactions.
External payment methods management
Let users connect and manage bank accounts or credit cards from other financial institutions directly within your app. This provides a unified, convenient overview of all their finances in one place.
Bill Payments
Provide a comprehensive bill pay feature that enables users to view, organize, schedule, and pay both recurring and one-time bills right from the app. Automated reminders and notifications help users stay on top of due dates.
Personalized Dashboard
A customizable dashboard gives users an at-a-glance view of all important information. They can see real-time balances across all their accounts and cards, pending payments, recent transactions, and other key metrics in a single, convenient view.
Spending tracker
Help users monitor their spending habits with categorized transaction views and visualizations. Users can set weekly or monthly budgets and create savings goals, then track their progress directly in the app.
Digital lending
Offer an end-to-end digital loan experience with features like an in-app loan calculator and automated credit scoring. The app can handle everything from online loan applications and underwriting to data-driven decision-making, loan disbursement, and collections.
Personal manager/customer support
Integrate convenient customer support options for your users. This can include an AI-powered in-app chatbot for instant answers and a quick “request a call” feature to get help from a live representative—ensuring issues are resolved quickly and efficiently.
Notifications center
Use in-app and push notifications to boost engagement and security. Customers receive instant alerts about account activity (transactions, logins, etc.) and personalized updates or promotions. Not only do notifications keep users informed, but they also enhance security by immediately alerting users to any suspicious activity or fraud attempts.
FAQ on Mobile Banking App Development
How much does mobile banking app development cost?
On average, developing a custom mobile banking application with an average complexity costs around $200,000–$500,000 (USD). The exact cost can vary widely based on factors like the number of features, the complexity of those features, third-party integrations required, and the overall scope of the project. Essentially, the more complex the app, the more hours of development and testing will be needed. To get a tailored quote for your project, it’s best to discuss your requirements with our team – we’ll be happy to provide an estimate once we understand your specific needs.
How long does it take to develop a mobile banking app?
The development timeline for a mobile banking app depends on several factors, including the app’s complexity, feature set, and the number of integrations required. Building a fully featured mobile banking app typically takes several months from start to finish. For example, a basic banking app might take around 4–6 months, while a more complex solution with many advanced features could take 9 months or longer. We can provide a more precise timeframe after evaluating your requirements. Feel free to share your project ideas with us, and we’ll estimate how long development would take for your app.
What is the technology stack for mobile banking app development?
We utilize a broad range of modern technologies to build secure, high-performance mobile banking apps. On the backend, our developers work with robust frameworks and languages like Node.js, .NET, Java, or Python (among others), paired with scalable databases (SQL or NoSQL) and cloud platforms (AWS, Azure, or Google Cloud) for reliable infrastructure. On the frontend, we specialize in native mobile development for iOS (Swift) and Android (Kotlin), and we can also use cross-platform frameworks like React Native or Flutter if needed. We will choose the optimal tech stack for your project based on your requirements to ensure your app is fast, secure, and scalable, all while keeping development efficient.
How does the development of a mobile banking app begin?
Every project starts with a thorough understanding of your vision. We begin by discussing your ideas, goals, and requirements for the app. Our team will work closely with you to clarify the features and user experience you’re aiming for. Once we have a clear picture of your needs, we’ll prepare a project proposal and a ballpark cost estimate. This initial phase may include defining the project scope, identifying any third-party services we might integrate, and planning out the high-level architecture. After you review and approve the plan and budget, we move into the detailed design and development phases.
What is your mobile banking app development process and workflow?
Our development process is comprehensive yet flexible, ensuring we can adapt to your feedback at every stage. Here’s an overview of how we typically take a mobile banking app from idea to launch: Discovery & Planning: We start by gathering requirements and understanding your business goals. Our team discusses your ideas in detail, defines the project scope, and identifies any third-party services or integrations needed. We also create a preliminary roadmap and delivery schedule for the project. Analysis & Design: Our business analysts refine all the detailed requirements and edge cases for the application. In parallel, our UI/UX designers craft an intuitive and visually appealing interface for your mobile app, aligning with your brand guidelines. We’ll review the requirements and design with you and incorporate your feedback before development begins. Development (Agile Sprints): Once the specifications and designs are approved, our experienced development team starts building the app. We typically use an Agile methodology, breaking the project into iterative sprints (usually 2–4 weeks each). You’ll receive regular updates and demo builds at the end of each sprint, so you can see progress firsthand. Our solutions architect oversees the system design, and our developers implement features according to the agreed requirements. Quality Assurance: Throughout development, our QA engineers conduct continuous testing on each module and feature. We perform functional testing, regression testing, and rigorous security testing to ensure the app is stable and secure. By testing iteratively, we catch and fix issues early, resulting in a polished final product. Integration: If your project involves integration with external systems (such as core banking systems or third-party APIs), our backend team handles that alongside feature development. We make sure your mobile app seamlessly communicates with all required external services, whether it’s payment gateways, identity verification services, or any other third-party platforms. Project Management: During the project, our project managers coordinate the team’s work and keep everything on track. You’ll have a single point of contact who provides regular status updates, so you always know how the project is progressing. We prioritize transparency and communication to ensure there are no surprises. Launch & Deployment: After development and thorough testing, we prepare the app for launch. Our team assists with deploying the backend to production servers/cloud and guides you through publishing the mobile app to the App Store and Google Play (including handling app store guidelines and review processes). Once the app is live, we monitor its performance closely during the initial rollout. Post-Launch Support: Our job doesn’t end at launch. We offer ongoing support and maintenance services to quickly address any post-launch issues, perform updates or add new features, and ensure your mobile banking app continues to run smoothly and securely.
Can you integrate my mobile banking app with third-party services?
Yes. We have extensive experience integrating mobile banking apps with third-party services and platforms. Over the years, we’ve partnered with industry-leading providers to incorporate features like payment processing, identity verification (KYC/AML), banking-as-a-service platforms, credit scoring systems, fraud detection tools, electronic document signing, and more. Based on your needs, we will identify which external services can add the most value to your app and then seamlessly integrate them. If you’re unsure which third-party solutions are the best fit, our experts will gladly recommend the optimal options for your project.
How do you ensure the security and data privacy of my mobile banking app?
Security and data privacy are top priorities for us at every stage of development. We adhere to strict international security standards and regulations (such as PCI DSS for payment data and GDPR for user data privacy) when building our applications. All sensitive data is protected with strong encryption protocols, and we implement secure authentication mechanisms to prevent unauthorized access. Additionally, our team conducts thorough security testing (including vulnerability assessments and penetration tests) before the app’s release. This rigorous approach ensures that the mobile banking apps we deliver are highly secure, protect user data, and minimize any vulnerabilities or risks.
Clients’ Testimonials & Awards
What Makes Your eWallet Successful
Ease of Use
We develop mobile banking apps with a seamless login experience, intuitive navigation, and quick access to key features like balance checks, fund transfers, and bill payments—ensuring users can manage their finances effortlessly on the go.
Secure Transactions
Security is the backbone of any banking app. Our development approach includes data encryption, biometric authentication, fraud detection, and regulatory compliance (KYC/AML), backed by regular vulnerability assessments and penetration testing to ensure trust and safety.
Superior UI/UX
A user-centric design is essential for mobile banking. We build apps that are not only visually clean and modern but also make banking tasks—like viewing statements or setting up auto-pay—simple and intuitive, leading to higher satisfaction and retention.
User Engagement
We integrate features that keep users active and loyal: real-time notifications, personal finance tools, reward programs, and chat support. These additions foster deeper user involvement and build long-term relationships with your digital banking brand.
High Discoverability
To succeed in a competitive app ecosystem, we ensure your mobile banking app is fully optimized for app store visibility. From keyword strategies to performance optimization, we help your app get noticed and downloaded by your ideal audience.