Webflow or WordPress: How to Choose the Best Platform for Your Website

Specifically, according to the Exploding Topics resource, in 2024, Android has a 70.93% global market share while iOS only has about 25% of it. However, both platforms are undoubtedly popular, and each of them, with the right approach to development and promotion, can provide product owners with a stable income. Below, we will reveal the differences and similarities between iOS and Android development, paying special attention to security and customization options.

Android vs. iOS App Development: Key Differences

Let's first look at the fundamental differences in Android and iOS development.

Programming languages

When it comes to native development, the most popular Android development language can be considered Java or Kotlin (they are both officially supported by Android’s original IDE, but the last one is preferable for new projects). As for native development for iOS, here, developers will need knowledge of Objective-C or Swift (generally speaking, this is the best option for new projects, while Objective-C is mainly used to support existing solutions that were originally written in this language).

Development environment

As the primary development environment for the Android platform, Android developers use the open-source Android Studio IDE, although in some cases their choice may also fall on Visual Studio, Eclipse, and some other development environments. At the same time, iOS developers usually resort to the help of Xcode with the integrated iOS SDK. 

Differences in design

iOS development requires following the platform’s own principles for user interface design listed in the Human Interface Design Guidelines (the main aspects of which are color variety without shadows (Flat Design Depth), minimalism (Clarity), and content-first approach (Deference)). In the case of Android development, these are the recommendations for recreating Material Design (the main aspects of which are expressing the hierarchy of elements through their size, colors, and shadows (Metaphoric Nature), using bold typography to highlight important elements (Bold Graphical Design), visualizing reactions to user actions (Meaningful Animation), as well as adapting the design to devices of different form factors (Adaptive Design)). Also note that Android allows the development of applications for operation in Kiosk Mode – this will be useful for businesses presenting their services and/or products through software installed on corporate Android-based devices.

Hourly rates

According to Glassdoor, the average annual salary of an Android developer in the US ranges from $91K to $135K, while for an iOS developer this range is from $101K to $174K. From this, we can conclude that, on average, the iOS app development cost (if you stick to the hourly rate for specialists) will be somewhat higher compared to the Android app development cost, all other things being equal (in particular, the same number of supported device formats and OS versions).

Complexity of development

It is worth noting that native Android development tools and iOS mobile app development tools are quite easy to deal with and, in general, have a low entry threshold. That is why the complexity of implementing software for a particular platform should be considered primarily from the point of view of ensuring compatibility. The fact is that if you are planning Android development to cover as many user devices with different form factors as possible, your team will have to spend a lot of effort and time. Also, there is the need to provide compatibility with earlier versions of Android and, accordingly, adapt the software for devices that support them. Therefore, the development process for Android can be much longer than in the case of iOS, a platform that is characterized by a relatively small number of compatible user devices. On the other hand, for iOS development, the entire team must be equipped with macOS-based devices — only then will they be able to build the software and successfully test it in an emulator.

iOS vs. Android: Security and Privacy

The main difference between iOS and Android in terms of security lies in the fact that iOS security is more focused on providing strong software protection (which is facilitated by its closed nature and limited number of supported devices), while Android focuses on a combination of software and hardware protection (due to its initial open source nature, which can still be violated by individual vendors creating their own Android-based OSes, as well the variety of supported user devices). In the end, it is impossible to say that one of these operating systems is more secure or, on the contrary, more vulnerable, since by following the standards and generally accepted rules of secure development, you will be able to achieve optimal compliance for your software as well.

Which Platform Has a Bigger Market Share?

At the very beginning of this article, we indicated that Android is the undisputed leader in the mobile software market, with almost 71% market share. However, it is worth noting that the ratio of market shares between platforms may vary depending on the business niche for which the application is created. Moreover, there is rather old research that owners of iOS devices are more willing to download paid applications, while owners of Android devices prefer free software. As a result, this factor can determine your monetization opportunities for your app, too.

Which Platform Has More Customization Options?

In terms of customization options, Android gives developers more flexibility due to the open nature of the platform. Thus, they get more space for creativity, which allows them to implement non-trivial designs and functionality. In turn, the iOS platform is a closed ecosystem with its own strict compliance rules. This concept is aimed at maintaining uniformity of user interfaces, so it will not be possible to create something too non-standard on its basis.

Android vs. iOS App Development: Which One to Choose

Ultimately, we cannot say that development for any one of the platforms, be it iOS or Android, is more profitable. Everything depends on the niche for which the software solution is being implemented, its localization, and many other factors that determine the size of the target audience.

Additionally, it is important to be aware of app store fees for paid software and software with in-app purchases. In particular, iOS paid apps, in-app purchases of digital goods or services, and/or linking out to purchase digital goods and services on your website are subject to a 17% fee (or 10% If you're enrolled in the App Store Small Business Program/the Apple Video Partner Program/News Partner Program or renew a qualifying auto-renewal subscription beyond one year); also, if you use App Store payment processing and related commerce services for in-app purchases, you will be charged a 3% fee. As for Google Play, here, the fee is 15% on the first $1 million in annual revenue (or 30% on annual revenue exceeding $1 million), 15% on products with an auto-renewing subscription (regardless of annual revenue size), and 15% or less for developers who qualify for the Play Media Experience Program.

By the way, if you find that the ratio of potential users for each platform is approximately 1:1, you can consider the cross-platform app development option, which involves creating a single code base for iOS and Android platforms. In this case, you can save about 30% of the budget compared to developing two native applications, and also bring the launch date of your mobile solution closer. The only thing is that, like any other type of software development, this one also has some restrictions.

Regardless of whether you are considering cross-platform or native mobile app development, you can always choose us as a reliable service provider of custom mobile solutions. We will implement your business idea with the minimum possible budget without compromising its quality and select the best approaches and tech stack to ensure its competitiveness and profitability over the long term.

The modern financial world dictates its own rules. By including the critical success factors in this area, one can distinguish effective management of relations with the client. Reliable CRM solutions guarantee this goal because they contribute to optimizing many processes, thereby increasing productivity and taking customer interaction to a new level. In this article, we would like to share with you the best CRM systems that have been created, taking into account the characteristics and needs of modern financial companies.

What Is CRM for Financial Services?

CRM for financial services is software designed to manage customer contacts and improve comprehensive business performance. The main goals of financial CRM software are to automate processes, provide detailed analysis of client data to understand customer requirements better, reduce financial costs, and increase the effectiveness of strategic planning. Thus, all of the above in the complex helps to boost profits and strengthen the company's and brand's positions in the market.

How to Choose a CRM for Financial Services

Let's not argue that choosing CRM software for banking industry is difficult. However, we are ready to help you with this task by providing detailed tips.

First, you should clearly define the specific goals and the needs you intend to achieve/satisfy using CRM in financial services. Do you need only a system to manage customer relationships, optimize marketing campaigns, or increase sales? Or do you want it all together? Once you decide on your own goals, you can automatically narrow down the range of potential options. 

Regarding security, you have to be sure that the CRM system fully complies with modern data protection standards and is designed considering all reliable encryption mechanisms. This not only reduces the risk of data duplication but also maximizes the efficiency of your work processes.

It is also worth checking the CRM provider's support and training. Reliable support and the opportunity to receive professional training guarantee rapid business growth without downtimes and human-made errors. That’s why you should research reviews about your chosen service provider to see how comprehensive their support is.

In the end, the cost of the CRM system should not be devalued. Conduct a comparative analysis of various CRM systems, taking into account both initial costs and, accordingly, future costs, including further maintenance and updating.

Therefore, the main recommendation is to choose a system that offers the best balance between its cost and the quality of possible results for your company in finance.

Top 5 CRM solutions for Financial Services Businesses

It's time to share the top-5 CRM solutions for financial services known for their versatility, reliability, and power to manage customer relationships. However, note that each CRM for fintech from our list has its own features, which you should pay attention to while choosing the best option for your business.

Salesforce CRM

Salesforce is one of the leading CRM solutions, and its development team is confident in bringing its expertise to the financial services industry. This system includes tools that have been designed to meet the needs of many private equity firms, as well as the needs of companies working in related fields (banking, mortgage insurance). Within its core is a vast database to better understand customers' needs, habits, and behavior patterns. Other distinctive feature of this software solution is the ability to create custom modules adapted to the individual tasks and goals of a specific business (however, it is important to understand that the cost of deploying and supporting such a customized system will increase significantly). Moreover, it is equipped with AI-based analytics, helping consultants obtain even more valuable customer insights in no time. Among its other benefits are the ability to consolidate disparate data and optimize lead management, as well as almost unlimited scalability and flexibility.

Its disadvantages include that its work fully depends on the stability of the Internet connection and that its price may be too high for growing businesses. In addition, this CRM has a lot of modules, and the initial setup of the system often requires the participation of a narrow-focused specialist.

Envestnet Tamarac CRM

This fintech CRM focuses on helping independent financial advisers provide more personalized investment expertise to individual clients. Envestnet Tamarac CRM offers intelligent real-time reporting to help track customer progress toward their financial goals. The presence of optimized business adaptation processes for new customers is worth noting, as it allows you to quickly and easily create new accounts through Salesforce. This system is built entirely on the Microsoft Dynamics platform with a familiar Microsoft Outlook interface. Also, in the mobile version, consultants can enter the system «as a client», which enables them to see the dashboard exactly as their client would see it.

The cons of this solution include poor collaboration functionality because, as we mentioned above, it was designed initially for individual consultants.

Wealthbox CRM

This platform is flexible enough to be suitable for a wide range of users – from financial consultants to custodians and large firms combining the functions of broker and dealer. CRM data management, multi-channel client communication, and integration with social networking platforms like Twitter. With it, you can customize «under yourself» business processes or rely on business process templates using conditional logic to automate routine tasks. Also, it provides the ability to use Kanban dashboards to track potential financial transactions and keep abreast of how to work with potential clients. Wealthbox CRM is popular because of its low entry threshold.

However, along with all these benefits, this solution has several drawbacks, too. For instance, some users are dissatisfied with the poor householding functionality. In addition, Wealthbox may not be suitable for people who need to sync with Outlook calendar.

Zoho CRM

Zoho financial CRM software helps collect and organize all customer data, including basic CRM-related information, financial documents, financial policy information, and insurance records. This fintech CRM software offers tools for working with so-called «assets under management» to track all your transactions with financial institutions and other companies (here, we mean AUM tools where AUM is Assets Under Management). With built-in support modules (case modules), you can match your customers' needs with more financial data to provide efficient support. It is worth mentioning «Zia» – the Zoho assistant based on artificial intelligence, which adds a thoughtful layer of forecasts and suggestions for customers and helps you know when and how best to contact them.

At the same time, some Zoho users complain about limited customization features, poor reporting capabilities, and inconvenient dashboards.

NexJ CRM

NexJ is an intelligent financial services CRM with highly specialized modules for financial and banking consultants (specifically, they can use the private equity management module). This CRM system focuses on the specifics of the regional market with experience in more than 60 countries, and all this is thanks to the active use of artificial intelligence, machine learning, and data analytics. These technologies, properly implemented in this solution, allow consultants to concretize their financial recommendations. 

In general, NexJ looks and feels like a highly professional system, but some users note that they feel confused when they have to leave their requests on its pricing. 

Conclusion

The range of financial services available today requires the integration of automated software solutions that are practical, flexible, and more affordable than traditional consultants, whose services were only affordable for some.

CRM for financial services, private capital management, debt resolution, and pension planning are sophisticated tools that go beyond conventional databases. They are designed to foster trust and build long-term relationships with your clients. As all financial services are future-oriented, financial CRM systems help you provide brighter and more profitable prospects for your customers, your company, and, of course, your personal and professional success as a consultant. Thus, the financial CRM system allows you to achieve the best financial results for your customers and provide them with the best service.

In today's world, social platforms have become an integral part of our everyday lives. They provide the opportunity to communicate, share information and create communities, making them a powerful tool for business. Their popularity and influence on modern society have led many companies to realize the potential of social platforms in the context of B2B solutions.

Let's break down the process of implementing such social platforms step by step:

• Defining goals and requirements

The first step in developing social platforms for B2B businesses is to define specific goals and requirements for your project. You need to be clear about what features and capabilities should be available on your social platform. These include user profiles, sharing features, instant messaging, community building, and more. Determine what specific goals you want to achieve, such as expanding your network, attracting potential customers, or strengthening customer relationships. Understanding your goals will further guide your overall strategy and implementation. Prioritize and develop an action plan to address all the requirements of your B2B business.

• Choosing the right technology platform

The next step is to choose the right technology platform for developing a social platform. Many frameworks and tools can help you in this process. For example, you can use popular open-source frameworks such as Ruby on Rails, Django, or Laravel or choose ready-made social platforms such as BuddyPress for WordPress or Sharetribe for developing marketplaces. The appropriate choice of technology platform depends on your needs and your company's capabilities.

• Designing the architecture and database

After choosing a technology platform, it is essential to design the architecture of your social platform. This includes creating the database structure, defining modules and system components, and establishing interactions. A modular approach is recommended to ensure the flexibility and scalability of your social platform. Divide functionality into modules such as authentication, user profiles, messaging, community management, and others. This approach will simplify your platform's development, testing, and support.

• Designing the user interface

The user interface is a key element of any social platform. Designing an attractive and intuitive user interface will help attract and retain users on your platform. Remember your company's brand identity when designing and ensure user-friendly navigation and clear and attractive interface elements.

• Implementing functionality

At this stage, you can start implementing the basic functionality of your social platform. Provide the ability to customize user profiles, set access rights, filter content, and other features necessary to ensure the platform's security and usability. Create modules for registering users, creating profiles, sending messages, forming communities, and other elements that meet your requirements.

• Integration with external systems

Integrating with external systems is a crucial step when implementing a social platform in a B2B business. Enable data exchange between the social platform and external systems to provide a unified flow of information and improve the efficiency of your business. These can be CRM systems, electronic payment systems, analytics tools, and other applications your company uses.

• Testing and launching

Conduct thorough testing before launching your social platform to detect and fix possible bugs and issues. Perform functional testing, compatibility testing with various browsers and devices, and security testing. Once testing is successfully completed, you can begin launching your social platform. Install the necessary server resources and configurations, and configure the security and scalability of the system. As you launch, monitor the process and ensure all components work correctly.

• Support and update

Developing and implementing a social platform is just the beginning. It's essential to continue to provide support and updates to your platform as needed. Regularly release updates, fix bugs, and add new features and enhancements to meet the needs of your audience. Provide timely support to users, answer their questions, and guide how to use the platform.

• Analysis and optimization

Integrating social platforms into B2B solutions provides an opportunity to collect valuable data and metrics. Analyze this data to understand which features are used most often, what issues arise, and what improvements can be made. Use analytics tools to measure the effectiveness of your social platform and make informed decisions to optimize it.

Summary

Incorporating social platforms into B2B solutions can significantly benefit your business. However, for this process to be successful, you need to properly plan, design, and implement a social platform, taking into account your company's technical aspects and requirements. By following the steps outlined above and paying attention to detail, you can create a powerful tool to help strengthen your business connections, expand your customer base, and make your company more competitive in your business domain.