Published Paper Details:

In the rapidly evolving fintech sector, mobile applications have become a primary conduit for transactions and financial management, necessitating stringent user trust. The study begins by outlining the critical vulnerabilities typically encountered in mobile applications, such as data leakage, insecure storage, broken cryptography, and inadequate session handling, with a particular focus on those prevalent in fintech apps like transaction fraud, identity theft, and unauthorized access. The discussion progresses by evaluating various security frameworks and guidelines from authoritative bodies such as the tailored specifically for mobile platforms. We also explore the application of these standards in the development lifecycle of fintech applications, emphasizing. Further, the paper presents a comparative analysis of traditional security approaches versus modern, innovative practices in the context of fintech applications. This includes an examination of encryption techniques, biometric authentication, and behavior analysis technologies that leverage machine learning to detect and prevent fraudulent activities. Additionally, we discuss the importance of maintaining a secure post-launch environment through continuous monitoring, regular updates, and user education on security best practices. To provide a holistic view, case studies from leading fintech companies are analyzed to illustrate successful implementation of security strategies and the impact of these practices on mitigating risks and enhancing user confidence. The findings suggest that a multi-layered security approach, combining robust technology solutions with proactive risk management and compliance with global security standards, is essential for safeguarding fintech mobile applications. In conclusion, this paper highlights the necessity of adopting an integrated security strategy that not only addresses immediate threats but also anticipates emerging vulnerabilities. By adhering to established security best practices and embracing innovative solutions.