Being aware of the vulnerability of health information, the US government passed the Health Insurance Portability and Accountability Act (HIPAA) in 1996. These laws require organizations that handle health information to make certain privacy and security measures and inform patients when the privacy and security of their personal information are in danger. In this article, we are going to reveal the main HIPAA compliance checklist that healthcare businesses need to go through before starting their practice.

Image for post
Image for post
Checklist to create a HIPAA compliant software by UppLabs

Originally, this article was published on UppLabs blog by Tonya Smyrnova.

New technologies, from electronic medical records and medical devices to mobile and web applications, are enabling doctors to improve patient health and save lives. These technologies allow medical experts to collect more information to study patient records. Such technologies and associated data are constantly interacting, sharing health information through developing complex systems, increasing risks, and vulnerabilities. …


This year UppLabs started new FinTech podcasts with industry experts. This time we prepared an article based on our FinTech podcast with Tal Sharon, Managing Partner at Equitech, President at FinTech-Aviv — The Israeli FinTech Association.

In this interview, we will discuss the current trends in Fintech and how the market adopts it. In addition, we will explore emerging trends, discover the best FinTech use cases, and find out how COVID-19 influenced the financial sector.

Image for post
Image for post
The Fintech market — blue ocean for new opportunities

Originally, this interview was published by Tonya Smernova on UppLabs blog.

Besides, Tal is a FinTech lecturer in several Academic Institutions in Israel and abroad and one of the curators for the first accredited FinTech course in Israel. …


From projects’ requirements to an effective solution: business goals and tech stack

In this article, we would like to present to you the real-world Fintech case studies that we implemented, including rebuilding legacy solutions and rebuilding payment systems. Each project required the rebuilding and updating of the old system to the new one, both on the frontend and on the backend sides. Besides, there were other challenges that we are ready to share with you.

Image for post
Image for post
4 real-world case studies by UppLabs

Originally, this article by Tonya Smyrnova was published on UppLabs blog.

Fintech often refers to the combination of finance and technology, which is used to process the business operations and financial services whether it is a software, a service, or a business that implements the technologically progressive ways to make financial processes more efficient by introducing traditional methods. …


In this material we’ll explore the main business models in Fintech and the benefits that digital transformation brings them.

Check out our new platform 🚀 https://thecapital.io/

Originally this article by Tonya Smyrnova was published on UppLabs blog.

Image for post
Image for post

In recent years, the rise of Fintech businesses has got much attention since they became challenging current financial service companies, including the traditional banking model. In this article, we are going to provide a better understanding of this trend and explore the main business models in Fintech and the benefits that digital transformation brings them.

BUSINESS MODELS IN FINTECH

There are a number of Fintech business models that are already popular among clients, financial institutions, banks, and corporates, among others. The list includes:

1. Digital banking

Some banks start to offer individual and business bank accounts using a complete digital infrastructure. This business model is almost the same as that of a bank with physical branches except that this model doesn’t require huge costs for manpower and real estate, that’s why customers can benefit from reduced rates. …


Banks and other financial institutions are actively using Python to solve the arising challenges of pricing, risk management, regulation, compliance, analytics, and data with the help of a great variety of supporting libraries. Fintech industry usually requests clear and strict data that’s why it’s important to use programming languages with a lower error rate. From UppLabs experience, there are several best Python libraries for Fintech development that we would like to share with you today.

Image for post
Image for post
Best Python libraries for Fintech development by UppLabs

This article by Tonya Smirnova was originally published on UppLabs blog.

Python is becoming famous and popular for its easier syntax and for being faster to program in comparison to other traditional languages, such as Java or C++. Python is also proved to be an ideal programming language for the financial industry. …


In large ecosystems, all participants influence each other. Therefore, the response to cyberattacks and counteraction is a primary task of every company, as well as its clients. Despite the constantly growing number of cyberattacks worldwide, a great number of breaches could be prevented if companies could minimize cyber threats and use security best practices on time.

If you have a Fintech startup and are eager to know what it means for your business and what security practices for Fintech projects you can follow to protect the software and data, keep reading! …


Or how to get your app and save money?

Image for post
Image for post

This article was originally published by Tonya Smirnova on UppLabs blog.

If you’re in need of a software product, but your budget is limited and your deadlines are tight, you might choose some ready-made solutions that are fast to develop. But is it actually a smart development? It could be cheaper to choose the quickest short-term solution, but as a result, it can cause more problems and the need to reinvest in the new development process.

In this article, we are going to show the case of the business owners who had to pay more for choosing the cheapest solutions. …


What kind of technology is on top priority now to invest? What are the biggest challenges for those who decide to start a Fintech startup? In this article, we’ll try to find the answers to these questions and understand why regulations are so important in the financial sector, why technology can’t guarantee your success, and what you need to start a Fintech startup.

Image for post
Image for post
What do you need to start a Fintech startup? By UppLabs

Originally published on UppLabs blog.

THE ROLE OF FINTECH TECHNOLOGY

Technology can bring additional opportunities that sometimes are not so recognized by legacy banks or even higher technology banks. If the financial institutions decide not to change their employees quite often and if they are not hiring a lot of people from startups, sometimes they miss a point. This is where Fintech companies can grow quite significantly and cause the appearance of few ‘Fintech unicorns’ that show that they can improve technology and compete with the general banking services market, delivering significant value to customers, both in B2B and B2C verticals. …


We in UppLabs think that pricing should always be transparent and clear. That is why we developed a mobile application that helps you to understand an approximate cost and a timeline to develop your web or mobile product — MyAppCost!

Image for post
Image for post
MyAppCost by UppLabs

Why ask somebody or search for a current price, if you can estimate your application development cost online?

Image for post
Image for post

MyAppCost is a calculator to estimate your application software development cost. Without intrusive consultants and hidden costs which you usually find out long after you agreed on some collaboration.

This free MyAppCost application includes different options, key features, and integrations your application could have. Choosing different types of applications, platforms, and even additional parameters, you will be able to see the approximate price and timeline for your app development, and what is included in it. …


Monolith or microservices? Both architectures have pros and cons, and each particular case should be investigated. UppLabs had a project with a concrete goal — optimization of application performance by migration from a monolithic system to the new microservices’ infrastructure. We came up with a solution that we’re happy to share with you in detail.

Article by Tonya Smirnova originally published on UppLabs blog.

Image for post
Image for post

In UppLabs practice, we came across a very interesting technical case that we would like to share in detail. We had a project with a concrete goal — optimization of application performance by migration from a monolithic system to the new microservices’ infrastructure. …

About

UppLabs

Digital Transformation and remote team experts. Software engineering studio www.upplabs.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store