Software development in Financial sector carries many peculiarities and potential risks, so you need to make sure that your vendor is knowledgeable and has a proven track record in FinTech apps development. It’s important not only in terms of quality but also from the perspective of understanding the major challenges in the development of finance and knowing the common trends. Because the FinTech industry is vast and diverse, it is important that you understand what services you need to develop your product and what competencies are required to do that. Security is vital in finance, so your future partner should demonstrate awareness of the potential security risks as well as regulations in the financial sector.