Top Application Development Software for Financial & Healthcare Sectors

According to Precedence Research (2022), the global healthcare app market is expected to exceed $243 billion by 2030. In 2023, Global digital-only banking users increased by 23% year-over-year 2023, reaching an estimated 2.5 billion users worldwide. Both sectors depend on application development software managing highly private, regulated data on a daily basis.

In these sectors, speed and user experience are not enough to meet the user’s needs. These apps need to meet strict compliance and separation requirements. One weak point can lead to huge financial damages, along with public trust.

Think about this: In the United States, a hospital data breach in 2021 affected 1.3 million patients' records. This is a clear reminder of what decision makers and developers need to keep in mind.

In this blog, we highlight some of the most important parts when it comes to the financial and healthcare app development process. We are going to focus on the main platforms such as Ext JS, OutSystems, Mendix, and React.

We will present a comparison table showing the most important features: security, UI customization, speed of development, and compliance maintenance. Also, real-world examples under compliance pressure will be shown to highlight the tool’s usefulness for creating apps.

Together, we will discover why this app development software for compliance adds value and deals with the integration and security details that many seem to have with these platforms. This guide is very useful for you if you're responsible for web application development in these sectors.

Let’s get started.

Key Requirements for App Development in Finance & Healthcare

The processes and rules set for building healthcare finance-related mobile apps require careful focus on security, compliance, and scalability. These fields deal with highly secret information, which is regulated on a global scale.

Security & Compliance

These two fields also have very high levels of data protection. Compliance with HIPAA, PCI DSS, and GDPR is necessary. Not following the rules can cause huge data breaches and regulatory punishments.

The data breach that Capital One suffered in 2019 is a good example. The breach in question left over one hundred million client records exposed, costing Capital One an estimated amount between 100 million andnd150 million dollars.

Every compliance or security breach issue can be avoided if the development tools provide

• Encryption
• Accessibility management
• Ready-to-go compliance tools.

Scalability for Enterprise-Grade Applications

There is a common expectation when it comes to enterprise applications, and that is, they need to be stable under heavy user and data-load traffic. A hospital portal, for example, may need to serve thousands of patient records daily. Banking applications need to handle transaction processes in real-time, with no delays.

Performance is, of course, important. However, difficult to manage during demand peaks.

Integration with Legacy Systems

Often, healthcare and financial companies work with EMRs, ERPs, as well as custom banking APIs. New applications offer little to no disruption to the operations of the firm if they work well with these old systems.

Take hospitals as a case study example. These need applications that allow real-time syncing of patient records to existing medical software.

Low-Code / High-Productivity Needs

High-need industries require applications to be ready quickly, such as in cases of emergencies or compliance changes. Platforms like OutSystems and Mendix make coding manually much easier through the use of low-code tools.

These tools help both non-technical users and citizen developers, allowing them to keep security standards while speeding up delivery time.

Meeting set rules makes sure that applications are secure, scalable, and fully ready for enterprise use.

Top Application Development Software for Finance & Healthcare

It requires careful planning and effort to select a platform for applications built in finance and healthcare. Especially in highly regulated industries, security, scalability, and compliance are very important. We will cover four main platforms: Ext JS, OutSystems, Mendix, and React. These platforms offer special features made for big business applications in these industries. One amazing example is Google Workspace, which comes with amazing features.

Ext JS

Ext JS application development software is a powerful tool for developing complex, data-driven applications designed for use within large companies that require advanced user interfaces. It includes components ideal for data-heavy applications required in the finance and healthcare industries, and comes with pre-built templates specifically designed for data-intensive apps in these sectors.

While React needs extra components and external libraries to be tuned for big data sets, Ext JS includes fast components like grids, charts, and forms, which are very important for React.

Why Choose Ext JS Over React + Grid Libraries?

Using Ext JS, you get a complete framework with data control. For example, there are data grids with pagination, sorting, and filtering included.

In React, they are optional, needing libraries or custom solutions. React needs other setups to act like how Ext JS handles big datasets through virtual scrolling and lazy loading. With ready-made components, Ext JS makes development easier and cuts down the need for third-party solutions.

Scaling Faster with Ext JS

Ext JS features built-in design support for large-scale business scalability. Its base MVC/MVVM structure helps in separating concerns for better code upkeep.

Smooth seamless integration with older systems like EMR and banking APIs, important for rule-heavy industries, is easy.

For more resources, visit Sencha Documentation and our YouTube Channel.

OutSystems

A low-code platform, OutSystems, allows quick development of big business apps. Applications are built without a lot of coding in a visual setup given by the platform. 

For companies in finance and healthcare, this is a main benefit because it cuts down development time. Following rules like HIPAA and PCI-DSS is also helped by OutSystems.

It works well with older systems, as well as other external APIs. OutSystems handles data carefully, which is important in these fields. Developers can build applications using parts that combine data, workflows, and user interface elements. For those who want to quickly launch a product but still want strict security controls, OutSystems is the best bet. Its low-code model boosts productivity and scale.

Mendix

Mendix is another strong low-code application development platform. It best serves rule-heavy sectors such as healthcare and finance that need fast development. 

Mendix has tools for automating tasks designed to improve teamwork between business and tech staff, greatly improving the development process.

Also, the platform works with older systems and comes with built-in compliance features like support for GDPR. With Mendix’s visual development platform, development can be sped up through fast modeling for quick testing and launch. 

More advanced applications often need more custom coding from developers. Businesses looking for faster results and high-level customization will find Mendix appealing.

React

A popular library in the world of JavaScript, React allows for the development of advanced user interfaces. It is best known for the custom parts it can create for any user interface need. Still, more detailed, data-rich applications in finance and healthcare can't be built using React alone.

In these industries, React usually needs extra libraries to handle things like data grids, state, and even routing. For example, data grids normally use React Table, but manual setup is needed. 

Unlike Ext JS, which gives built-in components, with React, you need to handle larger custom-built application components. This flexibility has a cost in development speed, especially when growing big business applications.

Comparison Table: Feature Breakdown

Use Cases

Finance and healthcare apps deal with sensitive data on a large scale every single day. These fields need app stores that are safe, can grow with demand, and follow rules.

Picking the right low-code platform affects how well the system runs, how safe it is, and how smoothly it works.

Handling transactions, making reports, spotting fraud, and managing customer accounts require special finance apps.

For example, banking CRMs need real-time streaming of customer and transaction data to grids with safe visuals. For data-heavy finance dashboards and trading platforms, Ext JS is widely used. Right out of the box, it gives fast data grids, strong filters, and easy-to-use charts.

OutSystems and Mendix run internal banking tools like loan approval and risk check systems. Their setup lets businesses and tech teams work together to deploy apps that follow steps. These platforms cut out slow KYC document handling or financial request steps.

In healthcare, apps help manage patient records, set appointments, check prescriptions, and track clinical info in real time. EMR systems need to match up grids, calendars, and dashboards with the hospital's information system. Adding smart features to data-heavy, real-time apps is made easy with Ext JS, since it has ready-made parts for this.

OutSystems and Mendix are also often used for patient contact and telehealth platforms. These help developers build apps like booking appointments, online prescriptions, and remote doctor visits.

React works great for custom mobile health apps and finance advisor dashboards. Professional developers like the freedom it gives, but they need extra libraries for grids, safety, rules, and other basic needs.

Take a health tracker made with React. Adding workarounds to follow HIPAA rules for handling health data will take more work. The right platform depends on the need for linking with other systems, meeting rules, and how complex the project is. Developers in finance and healthcare can’t easily make big apps when they have to deal with strong safety and scaling needs.

Why Compliance-Ready Tools Matter

Health care and finance deal with very sensitive personal and financial information all the time. Handling it the wrong way can cause big costs from fines, lawsuits, and serious problems.

In healthcare, for example, breaking HIPAA rules can cost up to $50,000 for each record leaked. A U.S. hospital had to pay $3 million in 2023 for wrongly showing patient health records.

The same kind of problems happen to finance companies under PCI-DSS, SOC 2, and GDPR. Exposing even one money transaction without permission leads to fines and a big loss of trust.

Choosing app development software raises the chance of data leaks and missed rule checks. In React, setting up encryption, logging, and blocking access is done by hand. Doing things manually makes it easy to miss key controls, which can get companies into legal trouble.

Low-code tools like Mendix and OutSystems make this easier by offering safety and rule tools right away. These app development platforms set permissions based on user roles, store data safely, and get ready for audits without extra setup.

Also, Ext JS gives safety at a business level for some of the most controlled fields. Features like locked grids, safe API calls, and session control make it easier to follow HIPAA and PCI-DSS.

When picking the best app development software, always check if it has the right certificates and rule-following options. See how well it fits with HIPAA, PCI-DSS, SOC 2, ISO 27001, and GDPR.

For example, payment web apps that don’t follow PCI-DSS rules can't legally or safely handle card data. In the same way, telehealth web apps that claim to follow HIPAA rules can get in legal trouble if they are checked.

Enterprise apps made in app development platforms that are ready to follow rules from the start are needed in controlled fields. Following rules isn't just nice to have — it’s the law and must be done from day one.

Not having the right safety steps leads to loss of trust, monetary damage, and danger to the business.

Conclusion

Things like company needs, goals, and plans decide what platform to use in finance and healthcare. Data-heavy apps work better with Ext JS, which comes with fast, ready-to-use parts. The chosen software should be scalable. For example, it should easily manage up to ten users at a time.

Teams that need fast building with built-in rule-following tools may like low-code tools like OutSystems and Mendix. For big apps, more help is needed, so React works better for smaller setups. You must also consider your team's technical expertise before choosing a software development tool. For example, check if they are comfortable with the chosen programming languages to develop apps. All these factors are important when you deploy apps using the low-code development platform.

FAQs

Can I use low-code tools to build secure finance or healthcare apps?

Yes. The newest low-code tools follow strong safety rules for big companies. OutSystems and Mendix, for example, have encryption, role-based access, and logs. They also make it easier to follow HIPAA, SOC 2, and PCI-DSS with ready-made tools. 

These tools are now widely used by finance and healthcare companies for internal systems, patient sites, and workflow apps while still meeting safety and privacy needs.

Can I integrate existing hospital or banking systems with modern application development software?

Yes. Connecting with old systems with a new app is well supported by most new platforms using safe APIs. For example, OutSystems and Ext JS connect easily with EMR, ERP, and Core Banking systems.

They let you share real-time data with pre-made connectors and linking options. This helps healthcare providers and banks upgrade old systems without wasting past tech investments.

What features should I look for in enterprise app development tools?

Look for Google Play platforms that focus on safety, growth, and linking with many systems. These tools should have rule-following parts for HIPAA, GDPR, or PCI-DSS, depending on your needs.

High-level user interface components like Google Sheets grids, charts, and task flow tools should be included. Also, they should support fast building apps with live dashboards and cloud use for repetitive tasks.

Choose no-code platforms made for tough fields with big business operations, apps, and very important tasks with a drag-and-drop interface. It would be great if your chosen platform also comes with automation features and testing tools for multiple platforms. It can help you test user behavior.

Create resourceful finance and healthcare apps today with Ext JS.