Top Features for Your Fintech Apps

The Fintech sector combines technology and finances in order to create technical solutions in the financial field. It revolutionized the way we manage finances and make transactions and allowed us to move from the constant use of cash, which can be not secure and inconvenient, to monitoring all our finances using just a smartphone.


Fintech applications allow us to instantly pay for products and services, receive and send money, invest, exchange, and make other financial transactions in a matter of seconds. Such applications are mostly divided into:


  1. Digital Banking
  2. E-wallets
  3. Finance Management


Each type has its own approach to application design and architecture. In this article, we talk more about them, their features and differences.



  1. Digital Banking 


Fintech has had a significant impact on traditional banking, fostering the appearance of digital services in the finance industry. Digital banking has allowed financial institutions to cut operational expenses, allowing them to concentrate on the users’ needs and provide a smooth and seamless experience. Neobanks (digital banks) have recently emerged, and they often partner with traditional banks to secure their financial operations. Since neobanks don’t have offices, they can provide all the services remotely. And this is beneficial both for them and the users.


The key features of digital banking are:


  • The mobile-first approach allows users to manage their financial and banking operations on the go from wherever they are using their smartphones.
  • No physical branches or, at least, no need to use them for most banking operations – opening an account, closing the card, etc.
  • Innovative services like expense categorization, budgeting tools, financial insights, etc.


Digital Banking App Features


The mobile-first approach led to the emergence of banking apps and systems. Revolut, PayPal, and Chime — are all examples of such services. They are packed with useful features that allow users to take the most out of their experience with the app while managing their budgets and expenses.


The most important digital bank features include:


  • Easy registration process — registration and opening an account/issuing the card only take a few minutes and clicks.
  • Real-time notifications allow tracking of all payments and transfers.
  • Management tools like showing the budget summaries and spending patterns in a clear way using charts and dashboards.
  • Integration with third-party services — these include partnerships with various companies so that users can use their products right from the online banking app (insurance, digital wallets, etc).   


  1. Apps for E-wallets 


Electronic or digital wallets allow users to actually use the money they have in online banking to pay for things. They work through an online platform and are linked to the bank cards or accounts the user has. Some of them allow for storing ID cards, tickets, driver’s licenses, etc. Overall, it’s a safe way to store and manage payment methods.


E-wallets can be differentiated by access to them: 


  • Open wallets can be used only for transactions between the issuing bank and another major bank. 
  • Semi-closed wallets only allow for making transactions at certain merchants or locations.
  • Closed wallets can only be used by certain people, for example, a company’s customer (like Amazon Pay).  


Most e-wallets work using NFC technology (​Near Field Communication) — like Apple Pay and Google Pay. Some use Quick Response Codes or Magnetic Secure Transmission. The rules for using e-wallets may vary from country to country and they may be limited or prohibited in some states.


E-wallet App Features


E-wallets provide a fast and secure way to manage payment tools. Since you often need the money on the go, these apps have additional convenient features to streamline financial operations:


  • Quick user registration basically only means indicating your ID and adding the Face ID.
  • Card authorization to connect a debit or a credit card to the wallet.
  • History of transactions, allowing you to keep track of the conducted financial operations.
  • Bill payments for automated payment for utilities and subscriptions.
  • Account balance management that includes adding funds and checking their amount.
  • Push notifications to keep the user informed about all recent activities.
  • Loyalty reward offers like cashback or discounts to loyal users of the wallet.



  1. Personal Finance Management App


Finance management apps are another popular implementation of fintech solutions. In 2018, around 63% of smartphone users had at least one financial app. In recent years, however, this number has increased to over 70% of users. This shows us that the trend for managing finances is only rising.


One of the biggest advantages of Fintech solutions is providing users with the possibility to manage their finances without involving the banks in the process. Personal finance management apps are usually connected with digital banking, so people can track expenses and earnings, view statistics, and plan budget spending. Funds management applications can help users set long-term financial goals and achieve them by using automated features like spending limits and auto-saving features.


Personal Finance App Features


Finance management apps allow users to gain control over their budgets and manage finances effectively. Their most useful features include: 


  • Transaction management allows to monitor all operations for all accounts and categorize them.
  • Tracking expenses and earnings to see the ratio of money spent to the money earned.
  • Achieving financial goals that can be saving for a large payment, paying off debt, investment, etc.
  • Saving feature that can be automated to set aside some percent out of earnings in a given time period.
  • Adjusting financial behavior by identifying the areas where you spend the most or the least and correcting them. 


4 Fintech Design Challenges


Designing a fintech app is quite a challenge since personal finances are a delicate matter. That’s why it should be convenient and user-friendly, work smoothly, manage complex workflows, and be super-secure. The main formidable challenges are discussed below. 


  1. Maintaining Simplicity/Compliance Balance 

A finance app should be simple enough for users to navigate through their routine financial tasks. Yet, it has to comply with all the regulatory and legal requirements that can complicate the design. For example, it would be very easy to create autofill login data or account details on the smartphone without having to fill it out every time. But according to some personal data requirements, websites or apps can’t store such data and auto-fill it.


However, there are some methods to navigate through user-friendliness and compliance.


  1. Ensure transparent communication. Make sure to clearly explain why you need some information, how, where, and for how long it will be kept. Let the user know that some features are not just the developers’/designers’ whim but a necessity to meet legal standards.
  2. Collaborate with legal and compliance experts. The legal world has so many nuances that it’s easy to forget or omit them. Although omitting some of them might make the customer journey easier, it may lead to compliance issues jeopardizing the whole app — and the users’ money.
  3. Test and gather feedback. The user is the main person that can help you hone the app. Thanks to their feedback, developers will know which features they can sacrifice to make the app simpler and get valuable insights to make informed design solutions. 


Overall, since there is money at stake in financial apps, users will likely be more willing to let go of the maximum simplicity to ensure the safety of their funds.


  1. Managing Complex Financial Workflows


Fintech applications have peculiar workflows — the sets of features for achieving some goal. They often involve intricate processes such as account setup, transaction management, or investment tracking. Such flows should be presented to users clearly, which is not always the case.


There are some approaches to managing such complex tasks:


  1. Use information hierarchy. Utilize all the markup tools at your disposal – headings, subheadings, labels, lists, etc. This will allow the user to understand more clearly the action they need to take.
  2. Visualize data. It’s already been proven that some complicated things can be better explained and memorized using visualization instead of textual description. Plus — it will save a lot of space in the app and make it easier for users to focus on.
  3. Provide the necessary guidelines and support. Add instructions or guides to explain the intricate processes. Ensure you have a skilled support team to answer the questions and address the issues the user might experience.
  4. Get users’ feedback by testing the flows. Ideally, it’s best to conduct user testing and interviews at every stage of design. This will not only allow them to meet their needs but will help to identify their pain points and areas of confusion.


  1. Ensuring Cybersecurity


One of the most challenging aspects for an app in general, and a financial app in particular, is ensuring the highest levels of cybersecurity. Developers must follow the best coding practices to implement the latest security measures, including input validation and API integration. 


We all know that the password problem is a number one headache for both developers and users. That’s why there must be strong authentication mechanisms in place: MFA, 2FA, hashing, and so on. Users must be aware of the fact that using one password for all apps is dangerous — implementing pop-up messages with password requirements is a great idea.


The work of fintech apps entails constant communication between the app and the server. This also requires powerful security mechanisms so as not to compromise sensitive financial data. Various encryption protocols are meant to encrypt this app-server interaction and turn malicious people away.  


  1. Keeping up with Technological Advances


In order to quickly adapt, you have to think about scaling in advance and choose the technology that is flexible and allows for future development. You can build a foundation and then use modular design — to change and adjust its parts when new solutions appear. This will ensure the continuous development and improvement of the app without having to build it again from scratch.


Another way to go might be embracing some Agile methodologies. Things like iterative design and development cycles will allow the team to make iterations quickly and smoothly. They will also help with the integration of the new features and updates.  


How RoveTek Can Help You to Design a FinTech App?


Building and maintaining a fintech app may be a difficult task. It’s not easy to navigate between simplicity, efficiency, and user satisfaction. That’s why you need a dedicated team of professionals well aware of current technology trends and skilled in design solutions for the finance sector. 


At RoveTek, we specialize in fintech and have deep expertise in designing applications tailored for the finance sector. Our experienced team of developers consists of back-end and front-end specialists ready to implement your vision. We will also ensure the security, stability, and compliance of the app with the regulations at each point of the design process.


11 Top FinTech Trends to Follow

FinTech is undergoing a remarkable transformation. The latest projections reveal a positive trend within the FinTech industry as revenue is expected to hit $1.5 trillion by 2030. A combination of factors, including advancements in critical technologies like artificial intelligence (AI), payment options, and cybersecurity, is causing this forward momentum. 


The continuous development of AI empowers FinTech companies to offer advanced analytics, personalized financial recommendations, and enhanced risk assessment. As AI algorithms become more refined, they enable tailored solutions that increase customer satisfaction and loyalty.


What’s more, cybersecurity has emerged as a critical consideration in the increasingly digital world of financial transactions. FinTech firms now invest heavily in cybersecurity measures to safeguard sensitive customer data from the ever-growing range of cyber threats.


The FinTech industry is also revolutionizing payment methods, fundamentally reshaping how we conduct transactions. Today, developing countries are experiencing a surge in mega-deals driven by the vast untapped market of individuals who need access to banking services. This dynamic creates fertile ground for rapid growth and illustrates the industry’s varied trends.


Ant Financial, valued at approximately $150 billion as of June 2019, is a prime example of these trends. Ant Financial embodies the convergence of evolving technologies, changing payment methods, and the growth potential in developing regions.


FinTech Market in Numbers


 Here are some current FinTech statistics:


  • The FinTech sector is worth approximately $179 billion
  • FinTech industry investment has increased by 3.5x since 2015. 
  • Venture capital investment has consistently topped $40 billion per year. 
  • Global FinTech investment was $164.1 billion across 6,006 deals in 2022. 
  • Payments remained the strongest area of FinTech investment globally in 2022, with US$53.1 billion in investment compared to US$57.1 billion in 2021. 



11 Trends That Shape the Industry


The financial industry is constantly evolving, driven by new trends that change the way you handle money. Let’s explore eleven influential trends that are currently shaping the financial landscape.


1. Central Bank Digital Currencies (CBDCs)


CBDCs refer to digital forms of national currencies issued and regulated by central banks. These digital currencies aim to leverage the benefits of blockchain and distributed ledger technology to enhance efficiency, transparency, and financial inclusion.


What Precedes This Trend?


Several factors have contributed to the advancement of CBDCs. For starters, the growing adoption of digital payments has highlighted the need for secure and efficient digital currency solutions. Blockchain and distributed ledger technology have also provided the groundwork for developing CBDCs, offering secure and decentralized transactional platforms.


How Does It Simplify Our Lives?


Introducing CBDCs has multiple benefits that simplify financial transactions. These benefits include:


  1. Enhanced Transaction Speed: CBDCs enable instantaneous transactions, reducing the time required for cross-border transfers.
  2. Increased Financial Inclusion: CBDCs have the potential to provide banking services to unbanked populations, granting them access to financial services.
  3. Improved Transparency: By leveraging blockchain technology, CBDCs ensure transparent and auditable transactions, minimizing fraud and corruption risks.
  4. Financial Stability: CBDCs offer central banks better oversight and control over the monetary system, preventing financial crises and ensuring stability.


2. Neobanks


Neobanks have emerged as a significant trend in the financial industry. These digital-only banks operate exclusively through mobile apps or web platforms, offering customers a modern and convenient banking experience.


What Precedes This Trend?


Technological advances have facilitated the growth of neobanks through the increase in the accessibility of financial services via digital platforms. In addition, changing consumer preferences have driven the demand for seamless and user-friendly banking solutions. 


How Does It Simplify Our Lives?


  1. Convenience: Neobanks offer 24/7 access to banking services through user-friendly mobile apps. This eliminates the need for physical branch visits and lengthy paperwork.
  2. Seamless Account Setup: Opening an account with a neobank is typically quick and straightforward, often requiring only a few minutes and minimal documentation.
  3. Enhanced User Experience: Neobanks prioritize intuitive and user-friendly interfaces, providing a streamlined and personalized banking experience tailored to individual preferences.
  4. Cost Savings: Neobanks often have lower operating costs than traditional banks, allowing them to offer competitive or fee-free services, such as zero-fee transactions or low foreign exchange fees.


3. Biometric Authentication



Biometric authentication is revolutionizing digital identity verification. It involves using unique physical or behavioral characteristics, such as fingerprints, facial or voice recognition, to authenticate individuals.


What Precedes This Trend?


Biometric authentication has made significant strides in recent years — for multiple reasons. The primary reason is the increase in illegal online activities, such as cyberattacks and identity fraud. It has therefore become necessary to take more robust security measures in order to protect data. Sensor accuracy and affordability have further enabled the deployment of robust user verification across all demographics.


How Does It Simplify Our Lives?


Biometric authentication offers several benefits that simplify our lives. These include:


  1. Enhanced Security: Biometric authentication provides higher security than traditional methods like passwords or PINs. Since biometric traits are unique to individuals, it significantly reduces the risk of unauthorized access.
  2. Fraud Prevention: Biometric traits are difficult to replicate, reducing the likelihood of identity fraud or impersonation. This ensures that only authorized individuals can access sensitive information or perform transactions.
  3. Versatility: Biometric authentication can be implemented across various devices and platforms, including smartphones, laptops, and banking applications. This versatility allows for a consistent and secure authentication experience across multiple services.


4. Robotic Process Automation (RPA)


Robotic Process Automation (RPA) is a trend involving software robots or “bots” to automate repetitive and rule-based tasks typically performed by humans. These bots mimic human interactions with digital systems, enabling efficient and accurate execution of processes.


What Precedes This Trend?


The growing need to optimize processes and reduce costs in different industries has driven organizations to explore automation solutions, which has led to RPA’s advancement. The advancements in artificial intelligence and machine learning have improved the capabilities of RPA. This has made RPA more versatile and capable of handling complex tasks.


How Does It Simplify Our Lives?


Robotic process automation has simplified our lives in many ways, including:


  1. Error Reduction: RPA eliminates human errors and inconsistencies since it follows predefined rules and executes tasks precisely. This improves the accuracy and reliability of processes, reducing the likelihood of costly mistakes.
  2. Scalability: RPA allows organizations to scale their operations without significant additional resources. Deploying and scaling up or down bots based on demand is easy, providing organizations with flexibility and agility in handling workload fluctuations.
  3. Improved Customer Experience: RPA streamlines processes, enabling faster response times and smoother customer interactions. This enhances customer satisfaction and loyalty, as customers experience quicker and more efficient service.
  4. Compliance and Auditability: RPA ensures adherence to regulations and compliance requirements by consistently following predefined rules and procedures. It provides a transparent and auditable trail of activities, facilitating compliance audits and mitigating risks.


6. Green FinTech


Green FinTech is a trend that focuses on integrating sustainable practices and environmental considerations into financial technology solutions. It leverages technology to drive positive environmental outcomes and promote sustainable investments.


What Precedes This Trend?


Several factors drive the advancement of Green FinTech. The increasing awareness and urgency surrounding climate change and environmental issues have highlighted the need for sustainable practices across all industries, including finance. Additionally, regulatory frameworks and policies promoting sustainability, such as the Paris Agreement and various green finance initiatives, have created a supportive environment for the growth of Green FinTech. 


How Does It Simplify Our Lives?


Green FinTech offers several benefits that contribute to a more sustainable future. They include:


  1. Sustainable Investments: With the rise of green finance technology, individuals and businesses can make informed sustainability-centric investment decisions. These investments go beyond mere profitability and align with one’s personal values regarding environmental protection, making a positive contribution to the green planet.
  2. Carbon Footprint Tracking: With Green FinTech platforms, individuals and organizations can access efficient tools to closely monitor and analyze their carbon footprints. This offers a chance to make well-informed decisions toward minimizing carbon emissions.
  3. Digital Sustainability: Green FinTech embraces digitalization and paperless processes, reducing the need for physical documents, hence minimizing paper waste. This simplifies administrative tasks, saves resources, and contributes to a more sustainable and environmentally friendly workflow.


7. Voiceprint Technology


Voiceprint technology is a trend that encompasses voice recognition and natural language processing capabilities to enable voice-based interactions and transactions. It leverages the power of voice assistants and smart devices to provide a seamless and intuitive user experience.


What Precedes This Trend?


The growing ubiquity of virtual assistant services — Siri, Google Assistant, Amazon Alexa — has increased our comfort level with speaking directly to our personal devices. This has ultimately fueled the demand for sophisticated conversational interfaces across diverse industries. 


Tremendous strides have been made in advancing speech recognition and natural language processing tools that underpin these systems. This has resulted in higher levels of accuracy in understanding user intents, translating into improved reliability & efficacy. 


How Does It Simplify Our Lives?


Voiceprint technology offers several benefits that enhance convenience. These are:


  1. Hands-Free Operation: Voice commands eliminate manual input, allowing users to perform tasks and access information without physically interacting with a device. This is particularly beneficial when a hands-free operation is desired or users have limited mobility.
  2. Personalization: Voice recognition technology can identify and differentiate individual users, allowing personalized experiences and tailored responses based on user preferences. This personalization enhances user engagement and satisfaction.
  3. Safety: Voice commands can be used when manual interaction is unsafe or distracting, such as when you’re driving a car. Voiceprint technology promotes safer user interactions and reduces potential risks by providing hands-free control.


8. DeFi Apps


DeFi apps, short for decentralized finance applications, refer to financial applications built on blockchain networks that provide traditional financial services in a decentralized manner. These apps aim to eliminate intermediaries, increase transparency, and empower users with greater control over their financial activities.


What Precedes This Trend?


Blockchain technology and smart contracts form the bedrock on which decentralized financial applications are built. Moreover, the growing interest in cryptocurrencies, the potential for earning higher yields, and the participation in decentralized lending and borrowing have contributed to the popularity of DeFi apps.


How Does It Simplify Our Lives?


  1. Elimination of Intermediaries: DeFi apps eliminate the need for intermediaries, such as banks or brokers, reducing costs, improving efficiency, and increasing transparency in financial transactions.
  2. Global Accessibility: DeFi apps are accessible to anyone with an internet connection, regardless of location. This enables individuals from all around the world to participate in decentralized financial activities without restrictions.
  3. Programmability: DeFi apps leverage self-executing smart contracts with predefined rules to automate financial processes. It enables the development of innovative financial products and services with customizable features.
  4. Yield Generation: DeFi apps provide opportunities for higher yields through liquidity provision, staking, and yield farming. Users can maximize their returns on digital assets by participating in decentralized lending and borrowing protocols.


9. Quantum Computing


Quantum computing is a trend that revolves around the development and utilization of quantum computers. It leverages the principles of quantum mechanics to perform complex calculations and solve problems more efficiently than classical computers.


What Precedes This Trend?


There is an increasing demand for powerful processing capabilities as scientific, mathematical, and optimization challenges become more complex. With classical computers proving inadequate, experts have explored quantum computing, which enables more sophisticated data analysis by manipulating quantum states. 


As innovation accelerates, there is keen interest in the potential benefits of applying it to practical use cases.

How Does It Simplify Our Lives?


Quantum computing can revolutionize various fields including:


  1. Advanced Cryptography: Quantum computing can break current cryptographic algorithms that rely on the difficulty of factoring large numbers. However, it also opens up the possibility of developing new cryptographic systems resistant to quantum attacks, enhancing the security of digital transactions and communications.
  2. Drug Discovery and Materials Science: Quantum computing can accelerate the discovery and design of new medications and materials by simulating molecular interactions and properties. This could lead to faster development of life-saving drugs and advanced materials with unique properties.
  3. Optimization and Logistics: Quantum algorithms can optimize complex systems, such as supply chains, logistics networks, and transportation routes, resulting in more efficient resource allocation, reduced costs, and improved overall performance.
  4. Machine Learning and Artificial Intelligence: Quantum computing can enhance machine learning algorithms by providing faster training and improved pattern recognition capabilities. This can lead to image and speech recognition advancements, natural language processing, and data analysis.
  5. Financial Modeling and Risk Analysis: Quantum computing can facilitate advanced financial modeling, portfolio optimization, and risk analysis by quickly processing large datasets and running complex simulations. This can help make more informed investment decisions and manage financial risks more effectively.


10. NFTs


Non-fungible tokens, also known as NFTs, are unique and indivisible digital assets based on blockchain technology. Unlike cryptocurrencies, NFTs cannot be exchanged like-for-like, as each token has distinct characteristics and value.


What Precedes This Trend?


The growing popularity of blockchain technology proved helpful in constructing secure ways of tracking individual digital belongings. Naturally, this development led to a higher demand for verified means to associate ownership credentials with digital assets in arts, collections, or virtual reality worlds. This phenomenon is furthered by creators’ eagerness to monetize their work and directly engage with their patrons through NFT adoption.


How Does It Simplify Our Lives?


  1. Authenticity and Provenance: NFTs provide a secure and transparent way to verify the authenticity and provenance of digital assets. Using blockchain technology, NFTs can verify the ownership and origin of digital art, collectibles, and other unique digital items. This helps combat issues like counterfeiting and fraud in the digital space.
  2. Ownership and Control: NFTs empower individuals with ownership and control over their digital assets. Using NFTs, collectors and creators can establish direct relationships, bypassing intermediaries and traditional gatekeepers.
  3. New Economic Models: NFTs have opened new economic models and revenue-sharing opportunities. Smart contracts embedded within NFTs can automatically distribute royalties to creators each time their digital assets are sold or traded, ensuring ongoing financial benefits. This enables artists to generate income beyond the initial sale of their work.


11. Gig Economy Financial Solutions


Gig economy financial solutions refer to financial services specifically designed for gig workers and independent contractors. 


What Precedes This Trend?


The rapid expansion of the gig economy, driven by technological advancements and changing workforce dynamics, has created a significant demand for financial services that cater to the specific needs of gig workers. 


How Does It Simplify Our Lives?


  1. Financial Stability: These solutions provide gig workers with tools and resources to better manage their income and expenses, helping them achieve financial stability. Budgeting tools, expense tracking, and cash flow management features can assist gig workers in planning for irregular income and effectively managing their finances.
  2. Access to Credit: Gig workers often need help obtaining credit from traditional financial institutions due to their non-traditional employment status. Alternative credit assessment methods, such as evaluating gig workers’ income streams and transaction histories, are used by gig economy financial solutions to offer credit and financing options specific to their needs.
  3. Streamlined Financial Management: Dedicated platforms and apps tailored for gig workers simplify financial management by integrating income tracking, invoicing, and tax management functionalities in one place. These solutions automate financial tasks, saving time and effort for gig workers and allowing them to focus on their core work.
  4. Insurance and Benefits: Gig economy financial solutions may offer access to coverage and benefits traditionally associated with full-time employment. This includes options for health insurance, retirement savings plans, and disability coverage, providing gig workers with a safety net and financial protection.



What Does the Future Hold for FinTech?

The gradual emergence and acceptance of inventive financial technology in recent years have been an exciting addition to traditional finance disciplines worldwide. Even better, American consumers have significantly adopted mobile banking apps alongside a range of other secure financial devices — a clear indication that it will continue thriving exceptionally well into the foreseeable future.

Over 82% of US adults will use a mobile banking app by 2025. This trend points to improved technological development and robust user security measures. The FinTech industry is expected to save up to $200 billion yearly by implementing these tools effectively as adoption levels grow.

The exciting future ahead is where FinTech continues to push the envelope regarding new technologies and services that ultimately make our lives more secure, convenient, and enriched. As such, it remains a sector worth watching closely over the years.


12 Digital Healthcare Trends for 2023 and Beyond

12 Directions of Digital Healthcare Development


Healthcare has become more digitalized over the years thanks to advancements in technology and connectivity between patients, doctors, and hospitals. The era of COVID-19 changed the world of hospital care by making medical records accessible via smartphones or computers. People now can access their information from anywhere at any time without having to wait for an appointment at their doctor’s office.

In this article, we’ll look at 12 trends shaping digital healthcare development over the next decade — from a rise in consumerism to more personalized approaches to treating patients — and what it means for your business today and tomorrow.


Top 6 Trends in Healthcare


You may have heard of these trends and even tried to implement them into your practice. Let’s review the six digital trends that will shape the quality of healthcare:


Data Science


As the healthcare industry continues to digitize and become more data-driven, data science has become a critical component of modern medicine. Data science is an interdisciplinary field that focuses on extracting knowledge from large amounts of data, among other things. It commonly uses machine learning (ML), artificial intelligence (AI), reinforcement learning (RL), and natural language processing (NLP). 


In 2023, data science will be used to get even more insight into health systems. For example:


    • AI will be able to provide personalized care plans based on each person’s unique health profile;
    • ML will give clinicians access to historical medical records, so they can better understand how past treatments have worked and predict optimal treatment pathways for chronic conditions based on patient characteristics; 
    • RL could be used by doctors who want guidance on how best to administer certain medications based on their personal experience with those drugs. 


These technologies will be used for more efficient diagnosis, monitoring, and treatment of patients by combining them with other tools like radiographic imaging devices or wearable sensors that measure vitals (blood pressure or body temperature) at regular intervals throughout the day.





As healthcare becomes more personal and consumers take control of their care, providers are increasingly using digital technologies to collect and process healthcare data. The trend toward consumerization has led to the emergence of a new generation of technology companies that focus on providing solutions for consumers’ needs.


One example of this trend is personalized medicine — using genetic information or other biomarkers (biological indicators) as part of treatment decisions at individualized levels. With advances in genomics research, we now know many factors affect our risk for developing certain diseases or conditions, including genetic variations and lifestyle choices like smoking or drinking alcohol.


As another example, consider how Fitbit helps people manage their fitness goals by tracking activity levels throughout the day. It helps them identify areas where they can improve, so they can meet their goals. This type of self-monitoring has been shown to improve health outcomes by increasing awareness around overall wellness and encouraging positive lifestyle changes like eating better or exercising more often. 


Cloud Technologies


Cloud technologies are also transforming healthcare and offer significant advantages over traditional systems: 


    • lower upfront capital investment; 
    • reduced maintenance costs; 
    • greater scalability, allowing you to expand your operations without having to purchase additional equipment; 
    • improved security measures since all data is stored remotely rather than locally on servers. 


Cloud computing helps increase efficiency and reduce costs by automating processes, enabling better management of data, supporting remote treatment options, and providing access to medical records anytime, anywhere. Examples of cloud technologies include:


    • electronic health records (EHRs);
    • medical imaging systems like MRI machines;
    • medical devices such as blood pressure monitors.


With cloud-based solutions, care providers are no longer required to keep expensive paper records that need constant updating and time-consuming manual entry into a database by staff members. Cloud computing in healthcare will provide solutions by opening new channels to reach patients and accelerating personalized care to continuously improve patient outcomes. 


Health Data Security


As the healthcare industry moves forward with telemedicine and other digital healthcare solutions, the question of data security becomes increasingly important. With so much sensitive information being transmitted over networks and stored in databases, there are many potential threats posed by hackers.


If you don’t protect your data properly, it could be exposed to unauthorized users who could use it for malicious purposes or sell it on black markets. For example:


    • A cybercriminal could steal your identity, so they can access sensitive information about you from other sources like medical records.
    • Hackers might break into the system where they store all patients’ personal information like financial details, which they then sell online or use to commit fraud against them later.


So how can you ensure that your data is secure? The answer lies in implementing strong cybersecurity measures that meet regulatory requirements so that you don’t run afoul of any laws regarding privacy or confidentiality. For example, host health data with health data compliance certification like HDS in France or HIPAA in the US — and implement other best practices, like two-factor authentication processes, where possible.




Automation is a major trend in digital healthcare. The growing prevalence of ML and AI solutions will allow healthcare professionals to perform many tasks without human intervention, freeing them up for more complex tasks and improving patient care.


Automation in healthcare includes:


    • robotic surgery; 
    • computer-assisted surgery; 
    • image analysis programs that can detect diseases or abnormalities; 
    • decision support systems that provide advice based on prior cases; 
    • virtual assistants that interact with patients via chatbots; 
    • mobile apps that help people manage their health conditions by tracking symptoms or medication adherence; 
    • wearables like Apple Watch that monitor vital signs like blood pressure and heart rate.


Automation can be a boon for healthcare professionals who are often overwhelmed by the demands of their jobs. AI-powered tools like chatbots may also recommend follow-up appointments with doctors based on the answers provided by patients.


Patient Portals


Patient portals can be used differently: for accessing basic information like test results or medications, or as an extension of a healthcare provider’s office — by communicating with physicians through the portal instead of making an appointment at their clinic. Patients can also receive reminders about upcoming appointments, medication refills, or physical exams.


Patient portal features may vary depending on the provider’s electronic health record system but typically include:

    • viewing lab results from blood tests;
    • accessing immunization history;
    • ordering refills of medications through the site;
    • communicating directly with providers.


Those who use a patient portal can also upload information about their medical history and provide additional details about their family members. It can help physicians keep track of children’s growth and development and allergies or other health conditions that may be pertinent to the care they’re providing.


Digital Healthcare Trends: RoveTek Edition



The healthcare sector is changing rapidly, and RoveTek has been witnessing some of these changes over the past few years. Many other trends will shape how we perceive eHealth in 2023 and beyond.


RoveTek would like to share with you an additional six eHealth trends for 2023 where we see significant opportunities for growth:


Digital Health


According to a report from MarketsandMarkets, the global digital health market is expected to grow at a CAGR of 19% and reach over $970 billion by 2027. The demand for tools to deliver remote services or “remote care” will increase, particularly for behavioral health because these patients tend to prefer online treatment to face-to-face interactions with their doctors or therapists. Digital health leads to growth in the eHealth digital products market segment that features high competition due to many players trying their hands at developing innovative solutions that meet patient needs better than traditional ones.


Digital Health also leads entrepreneurs who want their ideas implemented, so they can create new start-ups and healthcare organizations focusing on delivering remote services or products through technology platforms like: 

    • mobile apps & websites; 
    • AI algorithms used by companies like Apple and Google; 
    • Virtual reality (VR) tools like Vive headsets. 


Digital health apps have proven to be popular and profitable, making now the right time for investors to consider this industry.


AI and Big Data


As virtual health is on the rise, more patients will access healthcare, and more data will be stored in the cloud. It will require new ways of managing and analyzing information. Al helps healthcare process Big Data and delivers personalized care to patients.


Al Robotics is already used in nursing and caregiving. For example, robots can assist doctors with surgical procedures by performing tasks like holding tools or moving patients around during surgery. They may also monitor vital signs during operations so that surgeons don’t have to leave their workstations at critical moments.


One of the most well-known Al technologies in medicine is chatbots. They use NLP technology to communicate with users over text messages, web browsers, or mobile apps. By asking questions about symptoms, chatbots can recommend treatment options based on previous cases. 


Algorithms are used to analyze blood test results. Based on biomarkers like age and percentage of lymphocytes, they can predict a patient’s likelihood of surviving diseases like COVID-19. In the future, these technologies will allow doctors to analyze samples without specialized laboratories or having them sent somewhere else.


The Internet of Medical Things and Wearable Devices


The Internet of Medical Things (loMT) and wearable devices are the latest and most popular trend in digital healthcare. The necessity of distance care has been caused by various factors, like urbanization, the aging population, and increasing demand for higher-quality services. 


IoMT for the elderly is one of the most demanding applications, as the population of the US and Europe is aging fast. With wearables, doctors can take care of their patients from a distance without leaving their homes or offices. The COVID-19 pandemic showed us how important it is to get access to healthcare delivery services from home.


There are over 1.1 billion connected wearable devices in the world. The most popular wearable technologies today include fitness trackers and weight-monitoring devices. However, there are many other applications available, too. For example, glucose monitors are a great way to keep an eye on your diabetes.





Telemedicine is a healthcare trend that allows patients to get consultations anywhere with a stable Internet connection and access to video chat platforms. The global telemedicine market is expected to reach $455 billion by 2023, growing at a compound annual growth rate (CAGR) of 24%. As more people become aware of this service, it will continue to grow over time.


Telemedicine has many benefits for both providers and patients alike. It’s easy for providers because they don’t have to travel long distances or worry about scheduling appointments around their other duties. Telehealth visits are more convenient for patients who may not be able to afford regular visits or take time off work. Finally, telehealth solutions save money by reducing travel costs associated with seeing a doctor in person every visit. Senior citizens can especially benefit from this type of service.


VR and AR in Medicine


VR and AR are set to transform the future of healthcare. According to Statista, the global revenue generated by VR and AR technologies is expected to increase from $31 billion in 2023 to $52 billion by 2027.


These technologies can model different conditions and situations, allowing medical professionals to practice procedures before they perform them on real patients. In surgery practices, VR technologies are used before and after surgery for improved patient experience and better recovery times. It also helps reduce costs associated with training staff members due to fewer mistakes made during operations when using these types of simulations.


In education settings, VR technology helps medical professionals improve their skills through 3D simulation exercises that mimic real-life scenarios. They can help imitate emergencies in operating rooms or battlefield situations where soldiers need immediate treatment after being injured by an enemy.


mHealth: Wellness and Medical Apps


The mobile health market is growing rapidly due to increased consumer demand for convenience and improved access to healthcare services. The global mHealth market size is valued at around $49 billion in 2023 and is expected to grow at an annualized rate of 11% over the next five years.


Many people use fitness trackers and apps as training coaches, which help them achieve their goals faster and easier. The medical or wellness mobile apps can be: 


    • Pharmaceutical. An app that helps to control blood sugar levels. 
    • Dieting. An application with recipes. 
    • Stress reduction. A music player with relaxing sounds. 
    • Practical. Apps for menstrual period tracking or pregnancy planning purposes. 


Hospitals can use wellness apps for appointment management, hospital or doctor selection, and providing content like educational materials about diseases.


Keep Your Finger on the Pulse of New Healthcare Trends


In today’s world, technology has become an integral part of our daily lives. With the rapid development of mobile technologies and the internet, people can access health information quickly and easily from anywhere in the world. It has led to a huge increase in demand for digital healthcare solutions — and this trend isn’t going away anytime soon.


Visiting your doctor on mobile or studying surgery with the help of 3D is no longer a top-notch trend but a new reality of medical care. The RoveTek team can help you create a unique website or mobile app that will change the way people interact with their doctors. We provide solutions in web & mobile development, focusing on building custom software solutions that meet all the needs of our clients from hospitals to healthcare apps. 


Now that you know what to look out for, let’s start a journey of digital transformation for your healthcare project with RoveTek!

How to manage a remote team? RoveTek’s tips and cases

Managing Remote Teams: Challenges and Tips to Overcome Them


Remote work is no longer a matter of preference but a necessity. The reason behind its newfound prominence lies in the many advantages it offers both employers and employees. As such, managing remote teams has become an essential skill set employers must possess to thrive in this evolving business environment.


Leading companies were already gearing toward integrating long-term or even permanent options for remote work into their systems before Covid-19 accelerated the practice. According to a Buffers survey, approximately 97% of respondents aim for remote work opportunities throughout their career paths, attesting that embracing this paradigm shift is imperative.


That said, communication is one of the biggest obstacles to face when managing remote teams. The distance between team members often results in varying interpretations of information shared, translating into unwarranted delays or differing opinions among colleagues. Productivity tracking represents another issue, given that managers struggle with determining work progress and adherence to set timelines without physical observation of their staff’s activities.


To succeed in running efficient operations remotely, mastering management skills from afar becomes paramount – something in which RoveTek is an expert. Here is a series of helpful tips on best practices for achieving productivity and efficiency in remote work that RoveTek’s team of experienced professionals believe can guide you toward success in the sector.



4 Remote Work Benefits for Employees


It’s no secret that remote work has surged in popularity in recent times, and rightfully so. Working from home has several perks, including a few key benefits for employees:


1. Control over Work Schedules

Offering employees access to remote work gives them greater freedom to allocate time dedicated to completing assigned tasks. As per this research on remote work, professionals who carry out duties remotely experience an elevated level of workforce satisfaction, surpassing office-going staff by as much as 24%.


Much of this divergence stems from the increased flexibility of managing one’s schedule while engaged in a remote arrangement within a given organization. Engaged workers operating remotely can choose when they want to work and have optimal productivity periods for specific projects rather than being confined within traditional office settings. This freedom creates a healthier work-life balance, reduces job stress, and improves overall mental well-being.


2. Custom Workspace and Autonomy


Remote working enables individuals to tailor their workspace according to their preferences and needs for optimal productivity. Individuals can work from any location worldwide at will, unlike traditional offices where one has limited control over environmental factors, such as lighting, sanitation, or seating arrangement.

Remote workers may customize every aspect of their workspace — the type of desk, chair, and lighting, which significantly determines workflow efficacy.

The positive psychological effects of a pleasant workspace on employee well-being cannot be overemphasized. Comfortable surroundings translate into heightened job satisfaction levels and better work performance. Everyone benefits, as working remotely affords individuals unparalleled autonomy, allowing them to switch up the scenery whenever needed.


3. Health Improvement


Undoubtedly, remote work can positively influence an employee’s physical and mental state. Remote work does away with the need for daily commutes, which can cause concerns about high-stress levels, insufficient exercise opportunities, and even exposure to pollution.


Working remotely allows team members the flexibility to avoid all these challenges altogether. Besides, they can utilize extra time usually spent commuting on self-care-based activities such as exercising and supporting their mental health through meditation.


4. Cutting on Commuting Costs and Additional Expenses


Remote workers enjoy financial benefits that rarely come by with traditional office jobs. For starters, they don’t have to spend any cash traveling since there’s no need for it! No parking fees or gasoline bills either. Moreover, unlike traditional office-based workers who feel pressured into buying expensive suits or formal wear — remote workers don’t have those expenses either!


In response to the challenges posed by COVID-19, companies have had to pivot towards more flexible working arrangements, including remote work options designed with a focus on workers’ safety and well-being. The success of these measures has been demonstrated through key indicators like increased productivity levels, decreased costs, and improved employee morale.


Technological advancements have also played a significant role in enabling effective remote work operations. Technology makes it easier than ever before for employees to stay connected with their colleagues while working from wherever they are. Many employees have personally experienced the benefits of working remotely, with an increasing preference towards a long-term transition.


7 Main Challenges of Remote Work


Remote work has become a viable option for professionals seeking an alternative approach to traditional office-based roles. As such, here are the most significant challenges caused by the widespread adoption of remote working and the recommendations on how best they can be addressed proactively.




1. Gradual Decrease in Productivity


As remote working becomes more commonplace, one significant hurdle organizations face is decreasing productivity among their team members. This is due to some at-home responsibilities like childcare or family-oriented activities that interfere with accomplishing tasks assigned by managers or colleagues.


Furthermore, although technology has helped overcome physical distance — through video conferencing or email communication methods — it cannot synchronize personal connections between team members. This results in feelings of loneliness, ultimately affecting an individual’s productivity output.


Clear expectations & guidelines need to be established for those unaccustomed to home-based working structures. Workers should also be provided with helpful tools such as project management software or virtual task boards, ensuring effective feedback & support opportunities.


2. Lack of Engagement


Remote work isn’t always smooth sailing. It has its own set of challenges that can impact employee engagement levels negatively. This is especially true when co-workers feel detached from the organization’s identity or team rapport due to physical distance factors at play between them or technical issues such as a poor internet connection or lack thereof. To mitigate these setbacks, an employer must emphasize effective communication channels that enable seamless collaborations between different divisions within the organization.


Setting up regular meetings where progress updates occur periodically via video conferences helps bolster camaraderie and boost morale. Also, including virtual events like icebreakers or trivia quizzes themed per department goes a long way in motivating and uniting remote staff.


3. Bad Communication


Working remotely can be great for flexible schedules and less time commuting, but it’s not always easy for employees regarding communication. For example, having a solid working relationship or getting quick answers to questions is difficult without regular face-to-face chats with coworkers. Some even miss important details if co-workers forget to add them in emails or other communication tools.


Managers can create clear policies on when people should be available online (and what channels they prefer) and could arrange virtual meetings using video conferencing tools. Companies can thrive with some assistance from training sessions focusing on how best to interact in remote work.


4. No Team Building Activities


The secret to creating a thriving work environment includes excellent teamwork skills within the workspace. Carrying out such an activity remotely proves problematic since there needs to be direct human contact among coworkers. This might hinder the development of confidence and companionship between one another while at work.


Organizations may look into prioritizing engagements through online platforms where employees could have such opportunities. These include engaging in fun-filled gaming sessions and group video chat rooms. Such activities facilitate bonding experiences while working from home.


5. Social Isolation


Remote work presents one fundamental challenge — social isolation. Remote employees may feel disconnected from their colleagues & corporate environment causing loneliness or feelings of isolation. This sense of disconnection leads them down an unhealthy path, affecting their physical & emotional well-being and decreasing productivity & job satisfaction.


Employers must prioritize connecting their remote employees through regular check-ins, virtual team-building activities, and encouraging informal communication. The balance between work & life also plays a vital role in supporting mental wellness by preventing burnout.


 6. Insufficient Access to Information


Employees may struggle with obtaining crucial information or resources to perform their duties effectively when working remotely. Instead of having quick face-to-face interactions with coworkers or easy access to shared files, remote workers face potential barriers that lead to excessive delays and growing frustration.


Employers must give remote staff members access to tools and other necessary resources for efficient collaboration.


7. Different Schedules and Timezones


Managing different time zones can be a nightmare when you’re part of a globally dispersed team that needs frequent communication. For example, imagine that your team members are based in New York, London, and Sydney. At 9:00 AM in New York, it’s already noon for your colleagues based in London, while those in Sydney are already in bed since it’s almost midnight.


Such conflicting schedules can disrupt effective communication, leading to decision-making delays. Moreover, having no one available from the opposite side of the globe during your workday could cause unwanted lags that ultimately impact productivity.


Extended periods spent working outside normal hours could lead to stress and burnout exacerbated by the demands of dealing with various time zones. For remote teams to operate successfully, precise communication protocols must be established when collaborating across different time zones. Integrating project management tools that facilitate immediate collaboration is vital in keeping the workflow consistent and efficient. A shared calendar displaying each teammate’s availability (per their local timezone) can also contribute towards avoiding scheduling conflicts.


6 Tips to Manage a Remote Team Like a Pro


RoveTek has significant experience managing remote teams and has gathered essential tips to help you efficiently manage a remote team. Here are 6 tips to help you create an effective remote team that achieves your goals with the right approach.


1. Arrange Regular Trainings and Zoom Conferences on Remote Work Specifics


Lack of knowledge and training on remote work specifics can cause significant difficulties for remote teams. To ensure your team members possess the skills and knowledge necessary to work remotely, scheduling regular training and Zoom conferences is crucial. The training should cover the tools and platforms you use for communication and collaboration and guidelines for remote work.


At RoveTek, we provide our team members with plenty of guidance on how we plan to work remotely while discussing the tools to use for management purposes.


2. Provide Efficient Communication Channels


When managing remote teams successfully, open communication ensures everyone stays on the same page. The right technology is essential for efficient communication channels and collaboration among team members. Popular options include Slack, Zoom, Microsoft Teams, and Google Meet.


Another helpful strategy is conducting daily stand-ups since they encourage accountability by demanding employees showcase daily results. Still, it’s wise to stay moderate with monitoring since too much surveillance can reduce productivity when working remotely.


3. Don’t Neglect Remote Bonding


Remote working can often lead to feelings of disconnection, which is why cultivating a shared sense of purpose within your team is vital. To achieve this objective, employers should consider implementing remote bonding activities such as online Christmas celebrations or organizing pizza parties for their staff living far away.


Small gestures like sending thoughtful presents also go a long way towards fostering community regardless of the distance. These gestures create an atmosphere that inspires greater collaboration.


4. Leverage the Best Technology Tools


Managing a remote team is no cakewalk on its own, but thankfully, technological advancements have made this process less cumbersome. Project management tools like Trello, Asana, and Jira help with task allocation and progress tracking.


The best part? Development-related projects also have suitable tools, such as Kunban, offering an organized approach to handling them effortlessly. At RoveTek, we adopt the Scrum methodology, dividing projects into “sprints” lasting for a week or two. These sprints are then managed through our efficient management system, allowing easy progress tracking.


By integrating technology tools into your team management process, you’ll see a visible boost in productivity and output quality — making work effortless!


5. Set Rules for Reporting


Successful management of remote teams relies heavily on maintaining consistent communication channels. Establishing clear protocols for regular reporting can strengthen accountability among team members while promoting transparency throughout the project cycle.


Setting up routine daily reports and periodic weekly summaries is also vital. It ensures individuals remain engaged in their responsibilities while offering insight into larger-scale advancements the entire remote team network makes.


6. Have 1-on-1 Video Calls with Employees


Creating a strong sense of cohesion within remote teams depends significantly on establishing routine feedback exchanges between managers and personnel. Engaging in periodic private video calls provides valuable opportunities to assess performance and provide guidance on areas that require improvement.


Demonstrating empathy by being receptive to any issues or ideas shared can go a long way toward nurturing positive relationships with staff members.


Competent Remote Team Management for Your Development Teams


Effective team management strategies have become important as we move inexorably towards a future where remote work is increasingly common. Remote teams can maintain high productivity levels and achieve corporate objectives while being physically dispersed across different geographic locations and time zones.


Thanks to the COVID-19 pandemic, remote workers are seeing a new era of promise. Businesses have discovered positive benefits to working remotely, which opens up more opportunities for employees who enjoy this arrangement. As such, you can anticipate an increase in full-time and freelance roles entirely online.


To make this shift successful, businesses must adapt by investing resources into communication tools and developing new processes to ensure everything runs smoothly. Employees will need help with training to understand how best practices apply when working from home. The company culture needs shifting, too, if they hope to embrace the possibilities offered by flexible working hours. Clearly, if all these elements come together correctly, then the future of remote work holds much promise.