The whole world has gone mobile. Given the speed at which financial institutions and organizations are adopting digital solutions, it would not be a mistake to assume that we will live in a completely cashless world in the near future.
Fintech apps have played a game-changing role in this revolution. They have made payments easier, transactions more secure and loans within our reach. They put a whole range of financial and banking services directly in our pockets.
1. MoneyLion
It is one of the best fintech apps in the USA that provides its users access to financial advice and loans. While the six-year-old startup allows for personal finance management, it also works as part loans, part savings and part wealth management app.
Top Features of MoneyLion
- Instant transfer and zero-fee checking
- Direct deposit to get APR cash advances
- 12% cashback rewards
- Track credit score
- Real-time notifications for spending
2. Robinhood
Robinhood App is an online stock brokerage firm that allows you to invest in stocks, ETFs and cryptocurrencies with 0% commission. The app allows users to invest in public companies and exchange-traded funds listed on US stock exchanges.
The app has its own clearing system and no commission fees for investing in stocks, ETFs or cryptocurrencies.
Top Features of Robinhood
- A list of investment options
- Real time market data analysis
- Cash Management Tools
- No-commission trading
3. Chime
The Chime app is one of the fastest growing financial apps in the USA as a mobile-only bank. It allows users to manage their spending and savings accounts without hidden transaction fees.
It is one of the best budgeting tools as it offers users a variety of automatic savings alternatives. Its large free ATM networking makes Chime one of the most convenient FinTech banking apps across the country.
Top features of Chime
- Deposit directly to your Chim account and pay in advance
- No hidden fees or monthly fees
- Send money to family & friends with fee-free mobile payment
- Deposit checks instantly
- Support mobile payment apps
4. Nubank
An online banking application, Nubank, is a Brazil-based top fintech app and one of the best fintech startups. It has become one of the leading FinTech apps by enabling instant money transfers, access to invoices and tracking expenses by category to eliminate purchases with earned Nubank Rewards points. It provides real-time information about credit cards, savings balances and NuBank Rewards.
Top Features of NuBank
- Savings at consumer disposal
- No-annuity credit cards are accepted worldwide
- Rewarding point program
- Informative blogs
5. Mint
Mint app is well known and one of the successful FinTech mobile apps in the USA for collecting related information like accounts, user cards and transactions. The app also helps you pay bills, manage your transactions and expenses, and create a budget you can follow.
Notification alerts remind users about bills due and provide advice based on spending patterns. All data is encrypted with 256-bit encryption and data exchanged with Mint is encrypted with 128-bit SSL.
Top Features of Mint
- Manage bills and balances
- Create a budget and see suggestions based on personal expenses
- Free credit score analysis with tips
- Secure sign-up
6. Revolut
It is one of the London based mobile banking platforms that provide banking services. The app includes options for ordering prepaid debit cards, currency exchange, cryptocurrency exchange and peer-to-peer payments.
Top features of Revolut
- Instant expense notification after every card payment
- Create a monthly budget for restaurants, groceries, and transportation that allows them to manage personal finances
- Foreign Travel Insurance
- Split the bill with friends and family; Calculations are handled by the app
7. Coinbase
Blockchain is becoming a trending technology in the fintech industry, allowing users to navigate the world of blockchain and cryptocurrency. The Coinbase app is the largest cryptocurrency exchange in the USA. The app buys and sells popular digital currencies and tracks them all in one place.
Top features of Coinbase
- Manage a portfolio
- Invest real-time cryptocurrency
- Vault protection with time-delayed withdrawals
8. Prism
Prism is a bill management app that allows users to view and pay all bills in one place. You can add your electricity, internet, water, gas bills etc. and multiple payment accounts/credit cards. Once your application is configured, Prism will monitor all your bills and send you push notifications on your phone, letting you know when you must schedule a bill payment. You can pay your bill immediately or review it before paying to adjust the amount, payment method and even the date.
Key Features of Prism:
- No service fee;
- push notifications when a new bill is found;
- Ease of Payments, Instant Payments, Secure Application.
9. Acorns
Acorns is one of the best fintech apps for investors—beginners—with a robo-advisor platform, checking account, and tax-advantaged IRAs for retirement. The app invests spare change from your daily purchases into the market. A checking account has multiple features of traditional bank accounts like debit card, direct deposit, mobile check deposit, etc.
Top Features of Acorns App:
- Automatically invests spare change;
- Gives cashback to a wide range of retailers;
- Provides educational content.
Wrap it up
The fintech industry is currently booming with greater digitization in our lives, wider blockchain adoption and rising customer expectations. Hence the demand for top-notch IT solutions in the industry is very high.
Now is the perfect time for consumers to enjoy all the benefits that banking and financial services offer online and for entrepreneurs to start a successful business in this sector or to digitally transform an existing one. The apps mentioned above serve as a great example.
USM Business Systems is one the best mobile app development companies in San Francisco with experience in building all types of fintech solutions from banking apps to trading platforms. If you're looking for a vendor to build or scale up your solution, don't hesitate to schedule a free consultation with us.
