DashDevs Newsletter #32
DashDevs LLC
360-degree fintech solutions: product development, software outsourcing, consulting, team augmentation
Welcome to the latest DashDevs Newsletter! In this edition, we will review the differences between electronic money institutions and payment institutions. We will also list the top countries for software development outsourcing, understand when and why to use Node.js, explore social media payments, and review best practices for account verification. Additionally, we will delve into the topic of creating strategies to make risks in fintech safe and understand what experiments to use for hypothesis checking.
Let's dive in!
?? Electronic Money Institution Vs. Payment Institution
Are you planning to launch a fintech payment startup and you're unsure which license to obtain? There are two ways to operate in the sphere of electronic money: either by being registered as an Electronic Money Institution (EMI) or as a Payment Institution (PI). These institutions have different use cases, business models, and license requirements. In our article, we provide a detailed review of each institution and list their similarities and differences.
?? Top Countries For Software Development Outsourcing In 2024
Outsourcing development is a more cost-effective approach compared to traditional in-house development. If you are considering outsourcing software development, it's important to select a country from which you'll choose a service provider. It's worth noting that developers from different regions have varying qualifications and costs. Making a proper choice will ensure that you collaborate with top professionals for your project. Our article reviews the best countries for outsourcing software development."
?????? When And Why To Use Node.Js
Node.js has become a popular choice in the fintech industry because it alows handling real-time data processing, high scalability, and fast performance. Node.js is used by 42% of professional developers and is involved in the development of as much as 85% of web applications. Are you looking for reliable technology for your project? Check out our article to learn more about Node.js.
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?? Business Ideas Validation: 5 Best Experiments For Hypothesis Checking
Remember this excerpt: "Two-thirds of startups never succeed on the market. 20% of businesses end up failing in their first year. The most common reason for failure is lack of market need, with nearly 35% of startups declining for this reason. Clearly, validating your business idea is crucial for success. But how can you ensure your hypothesis will turn into a viable product concept? Our article explains just that."
?? Social Media Payments: A Game-Changer For The Financial World
The introduction of social media payments has completely transformed the way we handle financial transactions, revolutionizing the financial industry as we know it. Currently, social media payments support peer-to-peer payments, in-app purchases, and social commerce. Are you considering expanding your business with social media payments? Check out our article to learn how you can integrate such payments into your apps.
?? How To Make Risks In Fintech Safe: Strategies For Success
The ongoing development of technology has given fintech companies a larger sphere of influence and has multiplied their profits. However, there is another side to the coin - growing fintech risks. As fintech companies become more technological, interconnected, and user-focused, they face bigger risks. Given this, fintech risk management has become a crucial part of the strategy for fintech companies. Our article explains how to develop efficient risk management in your company.
? Best Practices For Account Verification Procedure
Account verification is essential for organizations looking to diminish the presence of bots and prevent the spread of fake news, spam, and disinformation. Some important types of verification include banking, biometrics, identity, and behavioral verification. Are you considering implementing account verification for your app? Explore our article to find out how.
That's it for today! We hope you found useful information on fintech and tech-related topics. Explore the full articles for more in-depth insights into finance, technology, and business. Remember to follow the DashDevs page for regular updates on our latest releases!