Financial Solutions

FinTech is a sector that combines finance and information technology and involves software development companies implementing novel innovations. These firms use financial software development to enhance their financial performance in order to compete effectively in the financial services sector with traditional banks and other intermediaries.

The global fintech market will be worth $165 billion in 2023. Its volume is anticipated to exceed $258 billion by 2025. Because there are already 30 thousand financial technology companies in the world, the industry is rapidly reaching this level. Consumers are shifting away from traditional banking towards financial software development alternatives such as mobile banking, electronic wallets, and blockchain-based apps.

What services do we offer?

Fintech Solutions

From wealth management to P2P lending and from payroll fintech tools to banking software, we provide services for fintech that help businesses get ahead and stay there.

Investment Portals

Make stock purchases, buy and sell commodities through a trusted, secure portal ideal for retail investors or create integrated trading tools for professionals.

Fintech Software Integration

We make financial solutions part of bigger software ecosystems or integrate them with third-party systems.

Crowdfunding Solutions

Your users can attract investment from around the world to launch one-off projects or support ongoing projects securely and easily.

Fintech Software Security & Compliance

We ensure the stable operation and protection of financial systems along with the data they process.

If you are interested in financial software development or consulting or want to learn more about the benefits and features, please contact us. We will be happy to learn more about your business and your application and help you to make it work better and faster.

4 trends of financial software development in 2024

Innovations instead of “classics”

The growing demand for services in digital channels is a key incentive for many banks to introduce technological innovations and financial software solutions to develop their products. The trend to switch to remote service was set at the beginning of the pandemic and has not weakened since then.

Embedded financial services

This is a modern model of seamless integration of payment and credit services, insurance, bank cards, and investments into traditional non-financial products or platforms. An example of such a model can be payment services embedded in social networks, or loyalty card programs on the sites of online stores.

According to some estimates, the number of integrations of embedded finance can grow up to 40% annually.

Among all types of embedded finance, BNPL services (“buy now, pay later”) will probably develop at the fastest pace.  Remember that such services allow you to pay for online purchases in parts for a certain period, while customers do not enter into a loan agreement and do not pay a commission.

Artificial Intelligence

According to various forecasts, by the beginning of the next decade, Artificial Intelligence can reduce banks’ operating expenses by 22%, which in material terms will amount to almost $1 trillion.

The Cambridge Center for Alternative Finance has estimated that nine out of ten international suppliers of technology products for banks use machine learning models and AI. It is expected that by 2026, the market for AI applications in the financial technology sector will reach $26.67 billion.

Blockchain innovation

Blockchain and its intriguing potential continue to pique the interest of businesses all over the world. Because of the numerous benefits of blockchain technology, the financial sector continues to be a pioneer in its application. From storing and trading cryptocurrencies to online payments, blockchain has played a critical role in transforming financial services.

Benefits of Financial Software Development Services

Mistakes can be costly for your business, so make sure the app works correctly on all platforms before launching it. We will highlight a few advantages of testing services so that you make a decision and contact us:

Ease of use: FinTech software development allows users to quickly and conveniently manage their finances directly from their mobile devices or computers;

Easy access to services: FinTech applications can be accessed anytime and from anywhere in the world, allowing users to access financial services regardless of location;

Personalized approach: FinTech applications can use machine learning and artificial intelligence algorithms to analyze user data and provide personalized recommendations and services.

Security: Many financial software applications provide a higher level of security than traditional financial services through data encryption, two-factor authentication, and other technologies.

Quick loans: Many FinTech applications offer quick and convenient loans and loans, which can be especially useful in case of unexpected expenses.