When it comes to mobile app development, as a business owner, you probably have a fair insight into the kind of app you wish to build. You might have outlined your targeted markets, customer needs, and the expected ROI. But most businesses still depend on app development services to assist them through the development phase.
State of Mobile App Technology Stack
Building a mobile app is no easy feat. A lack of technical know-how might severely affect your app development process. Choosing the right app stack will help you cut down costs, increase scalability, and speed up the process. You should carefully vet and select the appropriate app stacks to avoid losses.
You will have to brief your developing partners on the design and features of your app.
You also need to have a vision for the strategic implementation of the design. While colluding with your development partners, you need to have a basic knowledge of app stacks. Hence it is imperative for business houses to understand the basics of mobile app stacks.
While deciding on the mobile app stack, pay special attention to these four criteria:
- The type of app you wish to build – Do you want a native app or a hybrid app? Is it a gaming app or a basic information app? The app stacks you use will be largely determined by the type and complexity of the app.
- The time-to-market estimate – Timing plays a crucial role in gaining a competitive advantage. If you wish to first in the market, you might have to consider using React Native or Xamarin app development.
- Your total budget – If you are a startup or small business with limited funds, you might consider building an MVP app first. On the other hand, large businesses often prefer native apps that can be developed on both Android and iOS simultaneously.
- Future Strategy – Scalability, maintenance, and upgrading of your apps should be the main focus while planning for the long-term viability of your app. Each extra element will directly affect the technological stacks you need to use for your app.
What is App Stack?
A mobile app stack is a blend of technological tools that helps create a mobile application. Typically, we would use a combination of programming language, software and frameworks to build an app.
App developers stack these aspects on top of one another to create the final product.
A typical mobile app technology stack will consist of four elements.
- Frontend Development – Frontend is also known as the client-side of the development process. It refers to the user interface of an app that directly interacts with customers. It relates to the visual experience of the app. Usually, it will include iOS or Android applications written in Java or Objective-C/SWIFT.
- Backend Development – Backend is also known as the server-side of the app development process. The intelligence of a mobile app is tied to the robustness of its backend process. It provides capabilities such as user management, push notification, app management, insights, secure backend integration, etc.
- Development Platform – It is important to understand which developing platforms best integrate the user-interface with backend libraries. These are additional methods to design and develop the app.
- Additional Tools – This includes extra features and functionalities that you would like to integrate – like security, CDN (Content Delivery Network), and network dependency. Depending on the app type, you need to define your prerequisites to analyze which features will work best.
Types of Mobile App Technology Stack
Native App Stack
Native apps are oriented entirely towards the platform they are built on. This makes them faster, more reliant, and compatible only with their specific OS. Native apps do not require third-party API integration. There are two types of platforms for Native apps – android and iOS.
Because of their robust features and excellent performance, they are heavily preferred by all kinds of businesses. However, they are slightly more expensive to build, as apps need to be developed for both platforms.
Android App Stack
Android platforms have a larger user base than iOS. If you wish to build an app on this platform, you need to consider the following:
The most commonly used programming language for Android apps are Java and Kotlin. Java is an open-source programming language that is quite popular with developers. It used to be the primary language to develop android apps. It is highly secured with multi-threaded capabilities. It comes with a wide range of features that makes it extremely scalable to build even the most complex apps.
Kotlin is the first official language of Android development and has gained wide popularity since its advent in 2016. Developers can use Kotlin interchangeably with Java.
They can switch languages anytime during the development phase, thus saving time on code compilation. Kotlin provides a wider variety of syntax and coding than Java, which means developers need to write fewer code lines.
The preferred toolkit for android apps is the Android Studio. The platform is integrated with code editing, debugging, and performance tools. It provides a flexible framework and an instant build/deploy system for app development.
The Android SDK is a set of developer tools and libraries necessary to build android apps. Each version of Android comes with its own set of SDK that needs to be installed by the developer.
iOS App Stack
According to Buildfire, the Apple App store has over 1.96 million apps to download. Since its redesign, the App Store sees over 500 million weekly visitors globally. If you wish to develop your app on this platform, consider the following:
There are two languages that you can use to build an iOS app – Objective C and Swift. Objective C has been the primary coding language for many years, but these days, it is mainly used to support legacy apps. Objective C offers great compatibility with C++ and a dynamic runtime environment.
Swift is comparatively a new programming language that has gained wide recognition among developers. It offers more functionalities and less error-prone coding syntax. It also allows apps to be built lighter and faster hence enhancing the overall efficiency.
Xcode is the preferred tool kit to develop iOS apps. It is a development framework that comes with integrated support for Git repositories. It also has a graphical editor, debugging tools, and documentation tools.
The iOS SDK comes with an API that seamlessly integrates between platforms and applications. It also offers customized tools for Apple’s touchscreen interface.
Hybrid App Stack
Hybrid apps are not device-dependent, which means they can be used in both android and iOS platforms. They are developed using a shared code in a native shell, making them look and act like a native app. Since you need to develop a single app across all platforms, hybrid apps are much cheaper to develop than Native apps.
There are two different frameworks available to build hybrid apps.
Cross-platform App Stack
The only common feature between Hybrid and Cross-platform apps is their code shareability. Cross-platform apps use a native rendering engine, enabling you to develop apps that look and feel native. But there is a downside to it. Cross-platform apps build bridges to reach native modules, which is why there can be performance lags. Also, sometimes, customization can be an issue.
There are two frameworks on which you can build a cross-platform app.
Xamarin is an open-source platform created by Microsoft that allows app developers to share up to 96% of their code. It uses C# and .Net as its main language and is considered a major player in the app development market.
Select the Right Mobile App Technology Stack
Now that you know what is app stack, choosing the right combination of tools will be much easier. However, remember that languages and tools evolve or degenerate over a period of time. With each new technological jump, you may need to update or swap older tools and programs.
Selecting the optimal mobile app technology stack can be a challenging issue. Before you opt for app development services or choose a web app technology stack, do a complete groundwork on your requirements. Build your decisions on well-researched ideas and business viability.
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Fintech Kennek raises $12.5M seed round to digitize lending
London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.
According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.
The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:
“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”
The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:
“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”
The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.
The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.
Featured Image Credit: Photo from Kennek.io; Thank you!
Fortune 500’s race for generative AI breakthroughs
As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.
Goldman Sachs’ Cautious Approach to Implementing Generative AI
In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.
According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.
One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.
To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.
Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.
Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!
UK seizes web3 opportunity simplifying crypto regulations
As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.
Streamlining Cryptocurrency Regulations for Innovation
To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.
The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.
Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.
The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.
Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!