Banking App Development Steps to Build an App Like ADIB

Thanks to the available technology, banking is in your hands. Now, visiting the bank for small tasks, such as transferring amounts, is unnecessary as everything is possible with the help of a banking app in a couple of clicks. Having such a facility, the demand to build an app like ADIB is high.

The Abu Dhabi Islamic Bank app is more popular for online transactions in Dubai. With the help of this app, users are able to perform various banking activities such as checking account balances, transferring funds, paying bills, managing credit cards, and many more things. They can also transfer funds between their own accounts to other ADIB accounts or accounts in other banks, whether local or international.

Therefore, the popularity of the ADIB application is high among people in Dubai. If you want to build an app like ADIB, you are at the right place. In this broadcast, we will give a brief about the custom mobile banking app development process and the features you have to add to the application.

Explanation of ADIB

The ADIB banking application provides a seamless and user-friendly banking experience, empowering customers to manage their finances efficiently and securely. The application is crafted to provide convenient and secure baking services to its users. The main focus of the application is to provide a seamless banking experience at users’ fingertips. On the other hand, there are multiple languages to cater to the diverse customer base. 

Furthermore, the app has a user-friendly interface, allowing customers to navigate various banking services easily. In simple terms, banking is at your fingertips. As a result, it is beneficial to build an app like ADIB.

However, the eWallet app development process includes several aspects, so it is good to consult with a banking app development company with a good hand of experience in providing banking solutions to its client within your budget.

Market Size of Mobile Banking Application 

People avoid visiting banks to deposit and withdraw money because it is more time-consuming. In such a scenario, they are looking for an online banking application. As a result, the global mobile banking market size was valued at USD 7.72 billion in 2022 and is poised to grow from USD 8.62 billion in 2023 to 20.90 billion by 2031. 

Therefore, it is profitable to build an app like ADIB. By Creating a banking application, you can ensure a high return on investment and leads. With the help of a smartphone, it is easy to access the banking services sitting at home. The banking application helps users quickly check account balances, transfer funds, pay bills, and even apply for loans. Therefore, this is the best idea for building an app like ADIB

Guide to Craft A Mobile Banking App Like ADIB

Mobile banking app development needs more attention to security than creating other digital products. This is why it is necessary to follow the entire procedure to build an app like ADIB. Here we share a step-by-step guide to craft the banking application:

1. Conduct Research 

The first thing to do to build an app like ADIb is to research. It will help you identify the market’s leaders and outsiders and their strengths and limitations. By doing research, you are able to create a list of needs for your app that will benefit all parties involved going ahead. 

In order to make the process easier, you can search for a leading mobile app development company that will provide you the best solutions as per your requirements. 

2. Prototyping 

The number of interactions is necessary for the project’s success. Henceforth, you have to create a prototype. However, it is essential to consider the prototype as a more streamlined form of the finished product. You have to ensure the prototype includes design, logic, and structure. 

This will help you to test your hypothesis. In order to create the prototype, you can also seek the help of an eWallet app development company that will assist you in every possible way.

3. Establishing Security 

Another step to build an app like ADIB is establishing security. Security means ensuring secure authentication and protecting card information, passwords, auto-logout, and data privacy. Instead of other types of apps, the banking application must provide security. 

Therefore, it is necessary to check that the intended functionality conforms with all the guides on a project. Working with an on-demand app development company, you will get the best services at your convenience and desire. 

4. Designing and UI and UX

Design is another important part to build an app like ADIB. It will enable clients to see a minimally functional product version before implementing business logic and functions. Therefore, it is necessary to ensure the designs are functional and engaging. An attractive design makes it easier to grab the audience’s attention. 

Henceforth, when deciding to invest in Android app development, you have to consider the quality of the design, which will determine the success or failure of your project. In order to get unique and professional designs, you can contact the professionals as they have years of expertise in crafting the UI/UX of the application. 

5. Developing and Integrating the App 

Now, you have to build the application and integrate it. There is no doubt that the right choice of technology stack is required. The app’s performance generally depends on the implementation of tools and technologies. If you decide to build an app like ADIB, it is advisable to opt for Native app development as it is secure. 

After that, you have to implement the app’s feature, testing it to make sure that it works properly. However, this is not an easy task, especially for non-technical people. In such a scenario, you must consult professionals with years of experience in mobile app development. 

6. Releasing and Marketing 

Once the testing is complete, you can launch the app on the Google Play store or Apple Store. It will assist people in accessing the application seamlessly to make transactions more accessible and more convenient. Once the application is launched, you have to market it to inform the users about the application. For advertisement, you can choose social media platforms, write blogs, distribute emails, and search advertising. 

It will help you reach a large audience and inform people that you are building a mobile banking application that allows them to settle their accounts conveniently. 

7. Maintaining and Updating 

Once the application is launched and promoted, it is time to maintain and update it. For example, you have to pay for server space, support for specific technology, integration with payment, etc. After some time, people demand for new features to the application or new changes. Therefore, it is required to make changes from time to time to engage more users in the application. 

Henceforth, it is necessary to ensure the maintainers of the application. For app maintenance, you can also look for professionals with good experience in iPhone app development.

Features of Add on In Mobile Banking App Like ADIB 

Unlock the potential of mobile banking at your fingertips via an online application. However, engaging more users in your application with the feature is possible. Thus, you have to ensure that the baking app is equipped with highly advanced features. Below, we list some features a baking app should include. Let’s take a look at the required features:

User Panel 

There are different panels in an application that are equally important, so we can’t neglect anyone. Here are some user panel features you have to add to your application:

• Account Dashboard

It is necessary to include the dashboard feature that helps users get information about account balance, portfolio performance, and current market values. This is the reason to add this feature. You can hire dedicated developers to make the task more convenient and accessible. 

• Transaction History 

Keeping track of offline transactions is challenging, but it is not with applications. With the help of this feature, users can access the transaction history section in order to review their past investment activities. This section included sales, purchases, and other transactions. Thus, when you hire mobile app developers for mobile banking apps, don’t forget to ask to include this feature. 

• Performance Tracking 

This is another feature the user panel must have, as it allows users to monitor the growth or performance of their portfolio over time. The functionality may include graphical representations such as charts or graphs illustrating the portfolio returns and comparing them to benchmarks. 

• Notification and Alerts 

The users can customize their notification preferences. They are able to receive alerts about portfolio changes, account activities, market updates, or upcoming updates. This is why it is required to add this feature to your application. 

• Customer Support 

This feature allows users to get instant support. It can be through email, chat, or assist content with frequently asked questions to address users’ concerns or issues. Thus, you have to add this feature to the user’s panel. 

Admin Panel Features 

Like the user panel, the admin panel is equally important, which is why you have to make sure that the admin panel is also occupied with advanced features. Let’s take a look at the following features:

• User Management 

This feature enables administrative tools to manage user accounts and profiles. It included user registration, account activation/deactivation, user verification processes and password resets. So, you have to add this feature. To make this procedure easier and more convenient, you can find a fintech app development company.

• Transaction Monitoring 

The admin panel permits the monitoring of users’ transactions and investment activities. It will offer a centralized view of user deposits, trades, withdrawals, and other relevant transactions for compliance and security purposes. 

• Risk and Compliance Management 

This feature allows the admins to define risk management parameters and compliance rules within banking apps like ADIB. It will enable the monitoring of user activities for regulatory compliance and setting investment limits for risk mitigation measures. In order to make the procedure more convenient, you can seek the help of experts. 

• Reporting and Analytics 

The admin panel must have add-on reporting and analytics tools to generate insights into user behavior, app usage, and portfolio performance. Therefore, you have to add this feature to your banking application. 

Alternatives of ADIB Mobile Banking Application

There is no doubt that the popularity of ADIB mobile applications is high across the UAE, but people are also looking for alternatives. Here, we listed some other options that work, like the ADIB banking app. 

• Live.UAE

This is a popular digital banking application that Emirates NBD provides. It is a perfect match for those who are looking ahead to meet their banking requirements virtually. The people of UAE can easily download, enter contact details, and scan their Emirates ID to access the app’s digital banking functionalities at their fingertips. 

• E20

This is one of the best banking applications for those who dislike visiting the bank. It includes the best features that make it the first choice for online banking. Moreover, it allows the transfer of money between local and international bank accounts; users are able to track and view all payments and transfers. Furthermore, they will get an in-app chat facility for more personalized services. Therefore, this is the best alternative to ADIB. 

• YAP

It’s a top online banking app in the UAE provided by RAKBANK. It makes the online transaction seamless. The application also integrates intelligent and innovative tools that allow users to control their accounts anytime. It also has money-management tools that offer analytics reports of expenses and lets users organize their accounts. The scanning facility and instant no-fee money transfers to YAP to YAP make it more convenient for people. 

• Dubai Islamic Bank 

For UAE people, the Dubai Islamic Bank application is a suitable option for taking overall control of their bank. The app is known for providing fantastic banking services across the UAE. If you are looking for an alternative to ADIB, you can rely on this app. It never disappoints our client at any cost. 

Cost to Build a Banking App Like ADIB

It is genuine that the cost is the first factor that comes to mind when someone is searching for an eWallet application. If you decide to build an app like ADIB, consider the price first. However, mobile banking app development cost vary depending on different factors like the location of the developers, knowledge, and experience. 

All these things decide the cost to build an app like ADIB. Henceforth, collecting all the information about ADIB app development cost is necessary. It will help you determine whether you have the proper budget for the app development or if you have to arrange more.

Below is a table to get an idea of mobile app development cost. Let’s take a look. 

 

Category	Estimated Cost
Development	$50,000 – $200,000
Design	$20,000 – $50,000
Testing	$10,000 – $30,000
Infrastructure	$10,000 – $50,000
Security	$20,000 – $100,000
Maintenance	$5,000 – $20,000

 

If you are interested in building an app like ADIB, don’t take this table seriously, as it is just an idea about the ADIB app development cost. To get a clear idea of the fintech app development cost, you have to consult with a leading mobile app development company that has a different plan as per the convenience of the clients. 

The Bottom Line 

The demand for online banking applications is high as it saves lots of time and allows you to do all the banking-related tasks simultaneously. This is why you will find many apps with ADIB that are very popular in the UAE. If you want to build an app like this, you have to follow the complete procedure. 

You can read this blog to learn how to build an app like ADIB. Above, we list all the information you need to know.

FAQs

1. What features should a banking app like ADIB have?

The functionality included in ADIB is portfolio management, account creation, automatic interest, real-time market data, and a secure payment gateway. 

2. How much does it cost to build an app like ADIB?

If you are wondering how much you have to build an app like ADIB, you have to consider several factors such as features, complexity, platform and many more. However, the cost can range from $10,000-$25,000 or more. 

3. How do you search for the best mobile app development company?

You must check your experience, knowledge, and portfolio to search for the best mobile app development company. It helps you in making a wise decision.