How much does it cost to develop a Fraud detection app?

Here in this article, we are going to discuss a Fraud detection app which is in high demand in today’s market. Technology can be known as a boon to various fields like industries, companies, businesses and many more services.

With the advantages of the technology, we also have to face some disadvantages of technology, as due to the advancement in the digital world, now it is easy for hackers or fraudsters to collect the data of the user by doing fraud calls or by texting fraud messages and collect some personal data of the users.

In this present time, as per the research, the number of fraudsters are increasing. Mainly fraudsters call the people and ask them to provide their personal details like bank account details, OTP, ATM details many more. Some fraudsters refer to sent messages or E-mail of winning prices and most of the people believe in this and provide their bank details for the transfer of the money.

Some people refuse to take calls from an unknown number or they refuse to provide their details to a genuine person or firm. It is difficult for people to differentiate between fraud and a genuine call. Why not provide a digital solution which helps users to priorly notify that the call is from a Scam or fraud company, message and call get automatically declined from the phone.

If we check the app stores then hundreds of solutions are available which predict the fraud source like calls, message, E-mail or anything. But these services provide only 70-80% of security to the users.

Would you like to launch your own Fraud detection app in the market?

If Yes, then in this Blog we are going to discuss some of the key points of developing a Fraud detection app like how to launch a Fraud detection app, the key features of fraud detection app and how much does it cost to develop a Fraud detection app.

How to launch a Fraud detection app in the market?

If you are looking for an app idea to launch in the market then you can launch your own fraud detection app for providing the best services to the user. Nowadays a number of people are thinking of launching an online platform in the market because the online platform provides more reliability and convenient services.

Fraud detection app

It’s very profitable to launch an online platform in this present era as this kinds of fraud detection app are in high demands.

Fraud detection apps are in high demand in today’s market, So if you are thinking of launching a Fraud detection app then go for it because if you launch this app solution with some unique and advanced features then you are definitely going to generate more leads by attracting more users.

As a Fraud detection app owner you can also monetise this app by integrating different -different services and generate money without doing much. Here I am listing some of the best ways of generating money from a Fraud detection app:

  • Collaborate with third party services and provide some space of your platform to them for displaying or promoting their ads services.
  • You can launch a premium or subscription model of the app.
  • You can offer membership packages to your user by which they can access some of the advanced features of the app.

What are the key features of a Fraud Detection app?

As we know fraud detection apps are one of the most demanding as well as the required solution in this present time. To stop this fraud, Technology solution is a perfect solution is required in the market which can easily detect fraud activities like call, message and Emails. This kind of app solution warns smartphone users priorily.

Before launching a Fraud detection app in the market, you need to learn more about the key features of a fraud detection app. The fraud detection app mainly consists of two main panels.

Let’s Discuss the key features of fraud detection app which we can provide in this app in details:

User Panel

  • User login/sign in/sign up module.
  • Users can create their account and manage.
  • Allow accessing their contact information.
  • Can able to switch off and on the app services.
  • If someone calls the user then their number is first to verify.
  • After verification of the call, the user gets the details of the call on their screen.
  • This app also verifies the text message and Emails.
  • Apps verify the user’s text, E-mails and decline the fraud calls.
  • Users can purchase the premium or subscription model.
  • Users can block and unblock the calls.
  • Provide feedback and rating to the app.

Admin Panel

  • Admin login module.
  • Dashboard management.
  • User profile management.
  • App maintenance management.
  • Feature and functionality management.
  • Ads and subscription app management.
  • Payment management.
  • Membership user management.
  • Push notification.
  • Generate reports to track app performance.
  • Use marketing tools.
  • Manage feedback and ratings.

How much does it cost to develop a Fraud detection app?

As we have already discussed all the important things related to the Fraud detection app. So here we are going to discuss the costing as well as a timeline of developing a Fraud detection app.

Fraud detection app

The cost of developing a Fraud detection app highly depends on some of the factors. Let me list down some of the basic factors on which the cost of fraud detection app is dependent:

  • Mobile app designing.
  • The complexity of the app.
  • Frontend and backend of the app.
  • Basic features of the app.
  • The advanced functionality of the app.
  • The technology platform of the app (Android, IOS or both).
  • Mobile app technology developer experience.

Here I am providing the approximate timeline as well as the cost of developing a Fraud detection app:

Timeline:

  • App Design:- 9 Working Days
  • Android App Development:- 25 Working Days
  • iOS App Development:- 25 Working Days
  • Web Backend & Apis:- 30 Working Days
  • Testing, Bug fixing, and Deployment:- 7 Working Days

Costing:

  • The approximate cost of developing a Fraud Detection App is 5000-8000 USD.

The App Ideas is one of the leading web and app development company. We are highly experienced in providing the best solution for different-different types of website development, E-commerce platform development, game development and mobile app development. We have a team of highly Skillful developers who provides you with the best solution for a Fraud detection app at the best cost.

Quick Reach

Would you like to develop a Fraud Detection app in the market? If Yes, then feel free to reach us.

Quick Reach

Would you like to develop a Fraud Detection app in the market? If Yes, then feel free to reach us.