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No-code platforms allows programmers and non-programmers to create application software through graphical user interfaces and configuration instead of tradition computer programming. (Source: Wikipedia)
No-code platforms have seen tremendous growth in the recent years and Forrester predicts that the market will grow from $3.8 billion in 2017 to $21.2 billion in 2022.
No-code platform has immense potential for the fast and ever changing fintech and payments landscape. The changes whether regulatory or innovative are happenning fast in Fintech and no-code platforms provides the right tools to develop the new applications and create new applications by interacting with the APIs, resulting in a faster turn-around and go to market when the traditional ways of development can take months/years.
No-code platforms have some good reason to becoming the de-facto approach for development -
Conclusion
Since a lot of modernization is happenning in the Fintech industry, low-code platforms provide a good toolset to design and develop applications which can meet the needs of the growing industry and not allowing the modernization and transformation efforts to be help up with traditional ways or shortage of skills.
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This post is from a series of posts in the group:
Fintech discussions and conversations around the development of fintech.
Sean Salloux
04 Mar 0
Yuliya Barabash
04 Mar 0 1
Maxim Kazakov
03 Mar 1
Ruslan Kolodyazhnyi
03 Mar 0 2