Gone are the times when AI was only a technical buzzword reserved for giant corporations. Today, artificial intelligence is an integral part of business strategies across companies of all shapes and sizes (Oberlo).

Keep on reading to explore how you can harness some of the latest opportunities offered by Artificial Intelligence, Machine Learning, and Augmented Reality and make 2021 a year of innovation for your business.

## AI in Fintech

First of all, let’s quickly answer these pressing questions: how does AI work? Long story short, it allows us to teach computers to react and behave as close to human as it gets. Although, we can’t promise an Ex-Machina experience just yet.

Thanks to data storage and manipulation, machines can now continuously learn and adapt, find patterns, and solve problems in ways no human is able to.

![blog_fintech.png](https://admin.mltechsoft.com/uploads/blog_fintech_76d06d95e0.png)

### How can your business benefit from AI? 

Values like novelty, security and convenience are key for the fintech industry. That is why the core goal of AI in fintech is to bring down the barriers between users and the most advanced financial technology.

That said, your customers aren't the only ones that benefit from Artificial Intelligence. In fact, the list of perks it brings to fintech organisations and businesses is quite extensive!

### Financial assistance

Thanks to smart and always-ready digital assistants, advisors, and even financial coaches, queueing for hours in insurance companies and banks is now a thing of the past, much to the relief of both financial institutions and their clients. AI robots can keep track of users' latest transactions and provide valuable recommendations, monitor their spending, verify notifications, or, for example, take care of credit loans and limits.

### Transaction visualisation

Save your employees some valuable time: NLP-trained banking bots can now handle mundane tasks related to users' general account information, balance requests, financial transaction queries, and even debt calculations. Thanks to that, there's no longer a need to visit the bank most of the times, as the majority of routine banking can be done from the comfort of one's couch via smartphone.

### Risk evaluation

This neat trick works both ways, as AI algorithms allow banks and insurance companies to faster determine customer risk profiles in order to compile more personalised offers and pre-label their clients. In turn, clients can receive a practically instant credit score, reflected in a better user experience and more appropriate offers.

### Property damage estimation 

Computer vision brought a true revolution to the world of insurance and made the efforts of those working in the field a lot more effective. Thanks to its application in the sector, insurance companies can now evaluate the damage and calculate estimated repair costs based on photographs. Faster, easier, yet just as precise as ever before.

### Increased security

This one goes beyond biometric, voice, and facial recognition patterns that are growing more accurate every day. Think automatic fraud detection, anti-money laundering initiatives or terrorist funding exposure --- thanks to Machine Learning it's now easier than ever to gather the necessary intelligence and verify whether applicant information is used legitimately.

### The Age of AI is coming

Don't be afraid, though! Think less work, more data, faster results... Living a dream by letting the algorithms take care of all the problems.

There are some exciting trends in Artificial Intelligence in fintech to look forward to as well, such as automated Machine Learning, Augmented analytics, more accurate vulnerability detection, and many more!


Gone are the times when AI was only a technical buzzword reserved for giant corporations...

The future of fintech: AI solutions for business

So you’re about to manage a complex project? There’s a whole bunch of work that needs to be done, but don’t panic! As a project manager, you will be responsible for planning, monitoring, managing the budget, executing, verifying the quality and releasing the final project on time. Thankfully, there are many project management methodologies that can make your (and your team’s too) work easier and much more efficient!

In this article, I would like to concentrate on the two most popular Agile methodologies – Scrum – which have taken the software development world by storm in recent years. These days, you will hardly find a software house that doesn’t adopt these two frameworks for project management. What are they all about? Read on and learn everything you need to know about Scrum!

### What exactly is Agile methodology in project management?

Today companies no longer work on a single project without testing it at all stages of the development process. It just doesn’t pay off! Why not?Today companies no longer work on a single project without testing it at all stages of the development process. It just doesn’t pay off! Why not?

Just imagine: your whole team works for several months on, let’s say, developing a mobile app, which you only test and evaluate at the very end once the entire work of your backend and frontend developers, designers and copywriters is already finished. What if only then you realise that your product no longer responds to market requirements and user needs? You’d then need to introduce subsequent iterations of the whole project, which consumes much time, money and energy.

![blog2_scrum_agile.png](https://admin.mltechsoft.com/uploads/blog2_scrum_agile_8ce32ac19a.png)

Agile methodology is thus a great solution that significantly improves the workflow and easy implementation of changes at every stage. The key principle behind Agile is to break down one “big” and complex project into several smaller items (or features) and release them one after another. Here, both development and testing are two concurrent activities, making it easier to continuously validate the project and introduce all the necessary improvements.

What’s interesting is that while for many years Agile prevailed in IT and software development companies, this methodology turned out to be so effective that it is nowadays used in many other fields such as marketing, sales, HR or operations. According to the State of Agile Report prepared by Verison One, in 2020 95% of technology companies and software houses were practising various Agile methods.

### Scrum framework: why is it so awesome?

Many people tend to mix up two concepts that, although they seem to be quite similar, are not synonymous – these are Agile and Scrum. In a nutshell, Agile is an umbrella term that indicates all the methods and approaches specified in the Agile Manifesto, while Scrum is in fact one of those methods. It’s as simple as that!

Scrum is a project management framework, applied mainly to building complex products where the development process takes at least several months. It relies, above all, on transparency, ongoing communication between all team members and collective responsibility. This strategy facilitates delivering the final version of the project that satisfies the needs of the target audience and responds to current market demands.

Even though Scrum has become a leading framework especially in recent years, it’s actually nothing new. Let’s go back to 1986 when the Harvard Business Review published the article The New Product Development Game. There, the authors described a management approach employed by companies like Honda or Canon that led to their success. Then, in 1993, these concepts inspired Jeff Sutherland and the Easel Corporation team to establish a team-based process called Scrum.

### Roles & responsibilities in a Scrum Team

Scrum is a project management framework, applied mainly to building complex products where the development process takes at least several months. It relies, above all, on transparency, ongoing communication between all team members and collective responsibility. This strategy facilitates delivering the final version of the project that satisfies the needs of the target audience and responds to current market demands.

Even though Scrum has become a leading framework especially in recent years, it’s actually nothing new. Let’s go back to 1986 when the Harvard Business Review published the article The New Product Development Game. There, the authors described a management approach employed by companies like Honda or Canon that led to their success. Then, in 1993, these concepts inspired Jeff Sutherland and the Easel Corporation team to establish a team-based process called Scrum.

And in the next blog post, we will provide more information about framework Scrum, stay tuned!

 Today companies no longer work on a single project without testing it at all stages of the development process. It just doesn’t pay off! Why not?

Scrum: a powerful Agile methodologies explained

## Best programming languages for mobile app development in 2022!

With the mobile app development market changing rapidly, hardly anything is set in stone for the future. You always need to be mindful of technology trends in order to keep up, and even then things might surprise you. 

With that said, when it comes to technologies, there are some strong players that have established themselves above the rest and hold their ground as the top choices for building outstanding apps. Here are the top languages for mobile app development in 2022! 


### Kotlin


Kotlin established itself as the language of choice for Android development all the way back in 2017 when Google announced it as the preferred option for the platform. It is safe to say that there are currently no other contenders to snatch that title away. 


![blog3_Kotlin.png](https://admin.mltechsoft.com/uploads/Blog3_Kotlin_516bcbbd6f.png)


There are many factors that make Kotlin an excellent choice for native Android development. First off, Kotlin is fully interoperable with Java, which was the main language for Android before Kotlin. This means that older apps written in Java can be updated using Kotlin, the code can be used interchangeably and Java libraries can also be used with Kotlin. And since Kotlin is a concise language, developers use way less code when compared to Java, which makes it a lot easier to maintain.

To top it off, while Kotlin is mostly known as the go-to option for Android, its cross-platform features look very promising for the future. The software development kit called Kotlin Multiplatform enables developers to create an app that works on both iOS and Android with a single codebase. Though the solution is still being tested, in the coming years Kotlin might very well establish itself as one of the better options for cross-platform development. 


### Swift


Swift was created by Apple as a successor to Objective-C and is supported by the tech giant. The language has made itself known as an intuitive, future-proof option for building iOS applications. It is currently the preferred language for native iOS development and, in all probability, the one that will continue to dominate in the coming years. While older iOS apps are mostly written in Objective-C, most newer projects use Swift as the tech of choice, with the older language being considered outdated by most.

![Blog3_swift.png](https://admin.mltechsoft.com/uploads/Blog3_swift_7dcce6ac1f.png)

Code written in Swift is guaranteed to work on any iOS device, including mobile phones, tablets, wearables etc. It is less susceptible to errors when compared to Objective-C, and is overall very unlikely to cause app release issues when it comes to Apple’s famously rigid guidelines. Because of its high compatibility, Swift is also very adaptable to OS updates, and the code can be adjusted with ease. 

When it comes to native iOS development, there’s truly no better option available than Swift. However, it’s worth noting that Swift is a platform-specific language, which means the code cannot be used for other platforms. If you’d like to learn more about the difference between native app development and cross-platform, then make sure to check this article!

### Dart


We’ve talked about the main two choices for native app development, now let’s dive into the main player when it comes to cross-platform.

![Blog3_Dart.png](https://admin.mltechsoft.com/uploads/Blog3_Dart_1f95b293b7.png)

Dart is an open-source programming language developed by Google, used mainly for the purpose of developing applications that run on multiple platforms. It is the default language for the Flutter framework, which is the main reason for the language’s rise in popularity. Code written in Dart is considered to be very error-proof, and it’s where the language distinguishes itself from the other alternatives.


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The syntax is relatively simple, which makes processes like debugging and maintenance way easier. Dart compiles into native code, resulting in smooth performance for Flutter apps, and making the User Experience feel like that of a native app. 

With Dart and Flutter on your side, you can create apps that not only work on iOS and Android but also web and desktop, all while using a single codebase. And seeing the rapid speed at which the Flutter community expands and the constantly growing popularity of the framework, Dart is definitely one of the languages to be mindful of in 2022 and beyond.

### JavaScript

First introduced all the way back in 1995, JavaScript remains one of the most popular languages in the world. Though it’s mostly known for web development, thanks to the React Native framework, JavaScript has also become prominent in the field of cross-platform development. This is because React Native makes it possible to translate JavaScript/Typescript code into native app components, and enables it to be run on multiple platforms.

![Blog3_JavaScript.png](https://admin.mltechsoft.com/uploads/Blog3_Java_Script_557c944332.png)

Interested in building a cross-platform app? See whether you should choose Flutter or React Native.

React Native is one of the main choices for creating apps that work on multiple platforms using a single codebase, alongside Flutter. Created by Facebook in 2015, the framework is the most established cross-platform solution available. And because JavaScript is also outstandingly popular, developing a cross-platform app using React Native is made that much easier thanks to a wide range of libraries and huge community support.

Thanks to JavaScript and React Native, you can build mobile apps for iOS and Android that behave like those made exclusively for one platform. JavaScript’s dominance as one of the top choices amongst developers is still very much a given in 2022, and it continues to be of the most solid options for building a digital product. 

By choosing the technologies and tools most suited to your business plan and the needs of your users, you’re making the first step on your journey to success!

With the mobile app development market changing rapidly, hardly anything is set in stone for the future. You always need to be mindful of technology trends in order to keep up, and even then things might surprise you.

Best programming languages for mobile app development in 2022!

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