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Hidden costs in launching a neobank app can include things like regulatory compliance, such as getting licenses and meeting KYC/AML rules, which can be time-consuming and expensive. There are also security costs for protecting user data, including encryption, fraud prevention tools, and regular audits. Some services like payment processors, ID verification tools, and banking APIs often come with monthly fees. You may also face ongoing maintenance costs, bug fixes, and updates after launch.
However, many of these costs are important to make sure the app is secure, reliable, and meets legal standards. Some development partners, like Hashcodex, offer fair pricing and include necessary features at lower fees, helping startups manage their costs while building a quality neobank solution.
However, many of these costs are important to make sure the app is secure, reliable, and meets legal standards. Some development partners, like Hashcodex, offer fair pricing and include necessary features at lower fees, helping startups manage their costs while building a quality neobank solution.