Explore the frameworks for fintech app development: React Native and Hybrid. Discover the benefits of React Native's single codebase, third-party integration, and reusable components. Learn about the challenges of hybrid app development. Make informed decisions for efficient and secure fintech applications.

1. www.amplework.com
Which Framework is Ideal for Fintech Apps:
React Native or Hybrid?
The entire financial market sector is being transformed by FinTech
apps. Now, people can send money with just a click of buttons and in
a fraction of a minute. It is true that fintech applications support
people in conducting transactions in simple, fast and reliable
manners.
The UI/UX of fintech applications requires to operate with high
functionality and performance. Now, the question arises which is the
most important & secure platform for your fintech apps? In reality,
many fintech owners get confused about which should be an ideal
framework for the development - such as: React Native or Hybrid?
So, to ease your confusion we have decided to look into this matter. In
this article, we have covered an extensive discussion to help in
knowing whether you need React Native or Hybrid apps for your Fin-
tech business.

2. www.amplework.com
As, most early-stage applications incorporate the use of client-server
architecture. You need to opt for a stable platform that should offer
highly secure operations as well as improved user satisfaction.
Overview of the Global Fintech Market
As, the global fintech market brings out various opportunities for
growth in the market. According to the official report of
GlobeNewswire, the global Fintech-as-a-Service market size is
forecasted to effectively react at $ 681.6 billion by the year 2028. This
market will continue to grow at a CAGR of 16.9% during the
forecasting period.
The provider of the technology are solely accountable for the
platform’s creation, upgrades, security requirement and many more.
Here, it is important to understand that almost the majority of the
fintech companies are turning towards fintech application
development. So, it can be analysed that there is ample opportunity
for growth in this market.

3. www.amplework.com
Selection between Hybrid & React Native Fintech
App Development
If there is a selection between Hybrid & React Native app
development then we recommend selecting React Native technology.
The fact is that React Native is a revolutionary technology option for
developers to create advanced business solutions. So, while
incorporating fintech app development services you can choose React
Native for optimum performance.
Thus, for cross-platform development, the majority of financial
institutions choose React Native framework because of its security
operations. From the fintech app developer's point of view, the cost of
building a hybrid application is generally lower than the cost of
building a React Native application. However, there are specific
functionalities that can only be proceeded with React Native
applications.
After conducting various studies it can be analysed that React Native
apps are effectively faster and completely well-optimized. Not only
this, these applications can be developed quickly which eventually
results into cost-saving measures.
Prime Reasons to Select React Native for Fin-tech
App Development
There are some prime reasons which effectively make React Native
application a prime choice for fintech application development.
1. The single codebase nature
The single codebase nature of React Native apps signifies that writing
code for once can be used to deploy it into multiple platforms. For
example: probably, you want that your fintech application should be

4. www.amplework.com
featured on the iOS platform as well as in the Android platform. So,
React Native offers you a single code base nature facility to deploy
the application on both platforms with the single code.
2. Supports third-party integration
There are the following third-party integration available in React
Native. These demos are as follows: GraphQL, Material UI, NextJS,
Redux Form, Redux Undo, SharePoint and many more. As, the use of
these integrations enables developers for accessing various other
functionalities. It also helps in faster app development which results
in a higher level of client satisfaction.
3. Reusable native component
The primary benefit of React Native is that it allows developers to
build an application that runs cross-platform. It also offers a
reusability code that can be used to deploy on different platforms.
This also helps in saving development time and effort - because all
the developers are not required to add the same logic or efforts.
4. Offers third-party plug-ins
To make your custom fintech mobile app development process more
streamlined, React Native offers various plug-ins tools. The React
Native third-party libraries include the following listed tools such as:
“AntDesign”, “Entypo”, “Feather”, “FontAwesome”, “FontAwesome
5” and more. It is entirely dependent on the developer which library
they want to utilize for their React Native project.
5. Hot reloading function
In software development, this feature is considered as one of the most
crucial features i.e. hot reloading function. With this hot-reloading
function now developers can tend to re-evaluate their code in real
time. This provides ease for developers to check their codes in real-
time.
Apart from the Fintech companies, there are some successful business
companies that are developed on React Native. These companies are

5. www.amplework.com
as follows - Uber Eats, Pinterest, Instagram, Facebook and more. So,
from the company’s point of view, React Native offers them options
like easy migration, upgradation of existing apps, cost-effective
solutions and more.
Following 4 Issues Associated with Hybrid App
Development
For the Hybrid app development, there are the following key issues
that act as a hindrance in your growth. These issues are as follows:
1. Poor UX
One of the challenges with hybrid app development is delivering a
seamless and native-like user experience. While frameworks like
React Native or Ionic aim to bridge the gap between web and native
apps, it can still be challenging to match the performance, look, and
feel of truly native applications. Native apps are specifically built for
each platform, taking advantage of the platform's design guidelines,
animations, and interactions.
Hybrid apps often rely on web views or wrappers to render the UI,
which can result in slower animations, unresponsive gestures, or
inconsistent behavior across different platforms. Achieving a polished
and intuitive user experience requires careful optimization and fine-
tuning to address these limitations.
2. It offers weak performance
Hybrid apps can suffer from performance issues compared to their
native counterparts. Native apps have direct access to device-specific
APIs and hardware acceleration, allowing them to leverage the full
potential of the underlying platform. In contrast, hybrid apps rely on

6. www.amplework.com
web technologies and JavaScript engines to render and execute the
application, which can introduce overhead and impact performance.
Graphics-intensive tasks, complex animations, or processing large
amounts of data can be particularly challenging for hybrid apps.
While efforts are made to improve performance with techniques like
pre-rendering, caching, or using native components, hybrid apps may
still struggle to match the smoothness and responsiveness of native
apps.
3. More time-consuming into debugging
Almost each fintech app development company often looks for
innovative measures to save time in handling the error process. In
such a case, the multi-layered nature of hybrid apps can make it more
complex to pinpoint the source of a problem, leading to longer
debugging cycles.
Since hybrid apps use a combination of web technologies and native
wrappers, developers need to consider multiple layers when
identifying and fixing bugs. Issues can arise in the web code,
interactions between the web code and native components, or in the
native layer itself.
Additionally, different platforms may have their own set of quirks and
inconsistencies, which further adds to the debugging challenge.
Developers need to thoroughly test and debug across multiple devices
and platforms to ensure a stable and consistent experience for users.
Read more: Unveiling the Cost to Build a fintech App: Factors,
Types, & Challenges
Conclusion

7. www.amplework.com
It can be concluded that for fintech mobile app development React
Native can be a great choice. As, React Native offers an ample
amount of opportunities which are as follows - the single codebase
nature, it supports third-party integration services, reusable native
components, it also offers 3rd party plug-ins and more.
Moreover, hybrid applications are also a considerable choice and due
to some issues it is better to specifically select React Native instead of
Hybrid app development. For example: hybrid apps incorporate poor
UX, offer weak performance and consume more time in debugging.