DashDevs Newsletter #37
DashDevs LLC
360-degree fintech solutions: product development, software outsourcing, consulting, team augmentation
Welcome to the latest DashDevs Newsletter. This edition 37 covers nuances of digital transformation in banking, as well as intricacies of entering the market with your tech product. Moreover, we’ll delve into aspects of fintech solution architecture and security. Finally, we’ll explore types and usages of Transaction Processing Systems in business.?
??Let’s jump right in!?
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??5 Critical Challenges Of Digital Transformation In Banking to Know
Digital transformation in banking remains a complex task, often hindered by operational and cultural barriers, legacy systems, and cybersecurity threats. Despite these challenges, the banking industry must adapt to digital advances to stay competitive. This article explores the top five challenges banks face during digital transformation, including securing social media communications, evolving from legacy applications, solving security issues at scale, breaking down silos, and balancing physical and digital banking.
Read more here. ??????
?? 85% Claim Go-To-Market Strategy to Be Effective. Discover How to Create It
A clear go-to-market (GTM) strategy is essential for a startup's success. This article outlines the key steps to crafting a GTM strategy, including identifying your target audience, researching competitors, defining your value proposition, setting your pricing strategy, and choosing the right marketing channels. By following these steps, you can effectively bring your tech product to market and achieve your business objectives.
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???1+ Billion of Cashless Transactions Conducted Annually! Explore Transaction Processing System (TPS) for Business
Online payment methods are on the rise, reflecting a growing preference among consumers for digital transactions. To manage this increasing volume, businesses need an efficient system for handling transactional, order, and customer data — a Transaction Processing System (TPS). This article covers the essentials of TPS, including examples, functions, characteristics, components, and types. Discover the advantages of using TPS in business and determine whether you need this software solution for your platform.?
??Fintech Startups Generated $1.2 trillion Recently. Discover How To Build A Fintech Architecture Yourself
Sophisticated fintech projects require master-level architecture to handle the complex demands of the industry. A robust architecture serves as the foundation for successful development, ensuring the product meets functional, security, scalability, and regulatory requirements. This article explores the importance of solid software architecture in fintech, the risks of inadequate architecture, and the stages of building a resilient fintech architecture. Additionally, it addresses the challenges faced in architecture development and showcases examples of outstanding fintech architectures.
?? Secure Your Mobile App in 2024 and Beyond: Best Practices For Developers And Businesses
In the digital age, mobile app security is paramount for protecting sensitive user data and maintaining trust. This article provides a comprehensive guide on securing your mobile app, from secure coding practices and regular updates to data encryption and additional security measures. We also explore common challenges in mobile app security and offer solutions to overcome them. Whether you're a developer or a business owner, these best practices are essential for safeguarding your app and users.
??DashDevs newspaper edition 37 has come to an end. Thank you for your time and attention as well as for being a part of our community! We hope you found the insights both valuable and thought-provoking.
???We are preparing more industry insights for you. Stay tuned to our newspapers by clicking the subscribe button below, and let’s digitalize fintech together!?