Have you ever imagined a world where getting a loan is as easy as ordering food or booking a ride? That’s exactly what money lending apps are doing which are completely disrupting the traditional loan process and bringing a huge change in the industry. The money lending apps have transformed the loan process with speed, convenience, and automation. However, developing a seamless, secure, and feature-rich money lending app can be a challenging task. Businesses that are planning to build a money-lending platform have to face several challenges-from regulatory compliance to risk assessment. So, if you are also an app owner looking to launch your money-lending app, this guide will highlight the key challenges in money lending app development. You will also get actionable solutions to overcome them. So, let’s dive in! 1. Regulatory Compliance & Security Concerns The Challenge: One of the major concerns is that money lending apps deal with sensitive financial and ...