Cap
FinTech

Fintech Software Development Services

Effective money management is the hallmark of every successful business venture. Fively provides best⁠-⁠in⁠-⁠class custom FinTech software development services to help you attain the financial security and efficacy level your team and clients deserve.

Our FinTech Development Services

Fively, as a financial software development company, knows many ways to usher your company into the realm of standout FinTech software.

Success Stories

Take a look at the results our FinTech software developers have achieved so far for businesses all around the globe. Maybe soon you’ll find your exceptional FinTech solution among them.

B2B Insurance Claims Automation

B2B Insurance Claims Automation

We have developed an insurance claims automation solution, which robotically validates 80% of all insurance claims with no human involvement.

B2B Blockchain Platform Engineering: BloXmove

B2B Blockchain Platform Engineering: BloXmove

The team of business analysts and engineers from Fively participated in the creation of a B2B blockchain powered platform for mobility providers.

Insurance Workflow Automation Solution

Insurance Workflow Automation Solution

Fively developed an insurance workflow automation solution that combines all steps from purchasing a policy to filing a claim and makes it a 5-minute procedure.

Financial Management Accounting System Development

Financial Management Accounting System Development

A developed from a scratch financial management accounting system that automated the business owners’ workflow by 70% and helped CEOs make data-driven strategic decisions.

Digitalization in the Insurance Domain: Insly

Digitalization in the Insurance Domain: Insly

Fively engineers created a robust platform that enhanced digitalization in the insurance domain for more than 60 countries and 1000 daily users.

HR Compensation Software Development

HR Compensation Software Development

Our engineers developed modern HR compensation software that automates HR surveys, speeds up calculations, and provides real-time data reports and visualizations.

A Chrome Extension for Invoice Workflow Processing: Garmentier

A Chrome Extension for Invoice Workflow Processing: Garmentier

Fively created a chrome extension for invoice workflow processing that provided customers with a personalized experience and allowed to increase sales up to 77%.

Revolutionizing Personal Financial Management Apps: ComFi

Revolutionizing Personal Financial Management Apps: ComFi

We created a groundbreaking personal financial management app that is poised to redefine how individuals and small businesses manage their finances online.

A Profit Recovery Platform for eCommerce: SellerBench

A Profit Recovery Platform for eCommerce: SellerBench

We helped to create a game-changing profit recovery platform enabling stores with 3 times faster and easier revenue cash back than the competition.

Financial Asset Management Systems Development: a Cryptocurrency Platform

Financial Asset Management Systems Development: a Cryptocurrency Platform

Fively engineers participated in creating an all-in-one crypto management web platform that innovated the financial asset management systems market.

Cryptocurrency Donations Platform Optimization: CoinJoy

Cryptocurrency Donations Platform Optimization: CoinJoy

We helped to create a user-friendly cryptocurrency donations platform for YouTube creators that allows them to get crypto donations in real time and is 100% secure.

What Our Clients Say

Benefits of Financial Software Development

Our extensive expertise in FinTech software development demonstrates that the number of advantages FinTech applications far outweigh all the investments and challenges you encounter along the way.

Safety

Security

In 2021, cyberattackers made people pay $50 million with ransomware alone. Fively leaves hackers zero chance to intrude on your app.

Cost reduction

Cost reduction

FinTech software serves to weed out redundant workers, regulate transaction fees, and get rid of reliance on third⁠-⁠party apps. 

App

Convenience

42% of consumers have mobile banking as their core banking solution. And no wonder why: paying and getting paid on the go is what a modern person needs.

Effectiveness

Efficiency

FinTech applications allow for workflow automation, thus the effective distribution of manual labor and gaining maximum profit with enhanced UX.

Machine learning

Digital transformation

37% of FinTech organizations are planning to adopt AI to gain a competitive edge. Embrace modernity to stay current with tech trends.

UX

Superb UX

When cutting⁠-⁠edge technology is intertwined with an excellent idea, every client relishes every step of their app journey.

FinTech Solutions We Provide

Our financial software developers are waiting agog to get down to your unique FinTech product development. Here are some of the FinTech solutions we can build for your business.

Investment management platforms

Keep track of your portfolio, stock market, dividends, investment returns, and funding progress in one app.

Personal financial tools engineering

Monitor all your finances, even if you have several bank accounts, receive financial advice, and pay loans automatically.

Financial IoT solutions development

Make payments without a physical credit card and ensure the security of your business equipment via remotely controlled IoT devices.

Payment gateways integration

Receive online and offline payments with a secure payment gateway and determine the amount of transaction fee and type of currency.

Digital wallets development

You will never leave your wallet at home - keep all credit cards, tickets, and a driver’s license inside any device.

Billing and claims automation

Allow a modern FinTech tool to manage bills and claims, achieve maximum efficiency, and get rid of tons of paperwork.

Fraud detection software development

Detect and immediately combat every suspicious activity and user behavior by integrating ML and AI algorithms.

Payment processing software engineering

Keep the money exchange process simple with a variety of payment options and accept payments from different countries.

Need something special?

Get in touch with our engineers!

Investment management platforms

Keep track of your portfolio, stock market, dividends, investment returns, and funding progress in one app.

Personal financial tools engineering

Monitor all your finances, even if you have several bank accounts, receive financial advice, and pay loans automatically.

Financial IoT solutions development

Make payments without a physical credit card and ensure the security of your business equipment via remotely controlled IoT devices.

Payment gateways integration

Receive online and offline payments with a secure payment gateway and determine the amount of transaction fee and type of currency.

Digital wallets development

You will never leave your wallet at home - keep all credit cards, tickets, and a driver’s license inside any device.  

Billing and claims automation

Allow a modern FinTech tool to manage bills and claims, achieve maximum efficiency, and get rid of tons of paperwork. 

Fraud detection software development

Detect and immediately combat every suspicious activity and user behavior by integrating ML and AI algorithms.

Payment processing software engineering

Keep the money exchange process simple with a variety of payment options and accept payments from different countries.

Must-Have Features of a FinTech App

Custom financial software development gives a lot of leeway, allowing for diverse combinations of features to embed into your FinTech software product.

Authentication

Multi⁠-⁠factor authentication

Keep your accounts protected by something more than a password: a fingertip or another device.

UX design

Customizable dashboards

Choose yourself what to see on your dashboard: financial reports or an analysis of the stock market.

Puzzle

Integration with financial services

Leverage the functionality of other apps and programs inside the FinTech product of your own.

Payment online

Various payment methods

Checks, debit and credit cards, mobile payments, and cash: let your clients pay the most convenient way.

Chatbot

Intelligent chatbots

AI⁠-⁠powered chatbots can provide clients with personalized consultations and assistance 24/7.

QR code

Scanning of QR codes

POS card readers give way to QR scanners - the most modern, simple, and secure way to make a payment.

Notifications

Push notifications

Notify your clients about every transaction, and send them alert messages, weekly statistics, and system updates.

Location

Interactive maps with ATMs

Let your clients find a suitable ATM according to the type of operation they want to execute.

Online payments

Contactless NFC payments

Give your customers the opportunity to pay in a quick way with a digital wallet and a tap-to-pay card.

Let's develop your product

Being an award-winning company, we develop cutting⁠-⁠edge custom software solutions for FinTech companies.

Call to action

Choose a Perfect Tech Stack

No bombast, only the sheer eagerness of our financial software developers to find and leverage the right tech stack and create another tour de force for your business.

Bloxmove

Backend

Node.js
python
Python
PHP
.NET
Go
ruby
Ruby

Frontend

React
Angular
Vue

Cloud

AWS
GCP

Database

PostgreSQL
MySQL
Redis
MongoDB

AI and ML

Tensorflow
Scikit Learn
Pandas
NumPy

AI in Fintech: Use Cases with Examples

Artificial Intelligence (AI) and Machine Learning (ML) offer FinTech companies the ability to enhance fraud detection and prevention, automate underwriting processes, and personalize customer experiences. AI and ML technologies enable data-driven decision-making, improve risk management, and streamline operational efficiency in financial services. Here are some real⁠-⁠life use cases.

Fraud Detection and Prevention

AI and ML algorithms analyze patterns and anomalies in financial transactions to detect and prevent fraudulent activities in real⁠-⁠time, enhancing security for both customers and institutions.

Credit Scoring and Underwriting

ML models assess creditworthiness by analyzing diverse data sets, including transaction history and alternative data sources, enabling more accurate risk assessments and streamlined loan approval processes.

Customer Service and Chatbots

AI-powered chatbots provide instant customer support, answer queries, and assist with transactions, enhancing customer engagement and reducing the need for human intervention in routine tasks.

Personalized Financial Recommendations

AI analyzes customer spending patterns, investment behavior, and financial goals to offer personalized recommendations for budgeting, savings, and investment strategies, enhancing the overall customer experience.

Risk Management

ML models assess and predict risks by analyzing large datasets, helping financial institutions identify potential threats and vulnerabilities, and enabling proactive risk mitigation strategies.

Insurance Underwriting and Claims Processing

AI evaluates vast amounts of data to streamline insurance underwriting processes, assess risk factors, and expedite claims processing through automation, improving efficiency and reducing costs.

Supply Chain Finance

AI and ML analyze supply chain data to assess the creditworthiness of businesses, allowing financial institutions to provide financing solutions to suppliers based on their transaction histories and performance.

FinTech Software Development Steps

Whether it’s mobile banking or billing software development, our financial software development company completes every project with flying colors because each of the following steps is tackled by true professionals of their craft.

01

Business analysis

Every custom financial software development starts with a careful exploration of your business goals and the issues the new app will resolve.

02

UX/UI design

The defining feature of competitively viable FinTech software is sublime UX and UI, and our designers work relentlessly to deliver it.

03

Software development

We determine the right tech stack to endow your FinTech app with the qualities and features you need and write code.

04

Quality assurance

Every chunk of code is meticulously checked to ensure a seamless, bug-free app experience for your workers and clients.

Why Choose Fively

We know that FinTech development outsourcing is risky. For this reason, in lieu of big words, we present you with pure statistics that speak for themselves.

5+ Years

in FinTech Business

Over all these years, our desire to build excellent software only keeps growing.

100+

experienced developers

Every team member Fively has on board contributes to the fast delivery of an impeccable software product.

~85%

are senior engineers

We venerate experience and the ability to pick the best methods for top FinTech application development.

50+

successful projects

We’ve helped companies of all sizes to address different business challenges with custom FinTech solutions.

Awards and Recognition

Fively is a custom software development company, that has been gaining recognition throughout its existence.

Clutch
Clutch
Clutch
Clutch
Clutch
Feedbax
Feedbax
Clutch
Clutch
Clutch
Clutch
Goodfirms
TopDevelopers
TopDevelopers
TechBehemoths
TechBehemoths
TechBehemoths
Clutch
Clutch

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Frequently Asked Questions

What are the FinTech services?

FinTech services encompass a broad spectrum of financial software development services, including banking software, electronic payment systems, web and mobile banking applications, P2P lending platforms, cryptocurrency tools, and automated investment guidance (robo-advisors). These offerings leverage big data and sophisticated data analytics to provide end-to-end FinTech solutions aimed at enhancing the financial industry's business process.

What is FinTech software development?

FinTech software development is the process employed by FinTech developers to create technology solutions that optimize and innovate operations within the financial sector. This involves developing platforms for online transactions, automatic banking services, and tools that drive analytical insights into financial markets and consumer behavior, often integrating features such as banking software and CRM software for comprehensive financial application development.

What are the three core pillars of FinTech?

The three core pillars underpinning the success of FinTech, including FinTech startups and established financial software development services, are:

  • Brand recognition: A well-recognized brand attracts customers and instills confidence in the security and reliability of the financial services offered.
  • Voice of the client: FinTech thrives on understanding client preferences. By prioritizing customer feedback, FinTech companies tailor their services for better user experiences.
  • Service quality: The cornerstone of FinTech is the high quality of services it provides, which includes user-friendly UI/UX, seamless transactions, robust security measures, and efficient problem-solving mechanisms.

What software is used in FinTech?

FinTech software solutions come in all shapes and forms. Here are some of them:

  • Applications for bookkeeping and payroll;
  • Billing software;
  • Tax preparation software;
  • Enterprise Resource Planning (ERP) software;
  • Payment gateways;
  • Peer-to-peer (P2P) lending applications;
  • Digital wallets;
  • Platforms for crowdfunding.

An important note: custom FinTech app development makes it possible to incorporate the functionality of several apps inside one complex software product and augment it with blockchain and other state-of-the-art technologies.

What is an example of FinTech as a service?

An excellent illustration of FinTech as a Service can be seen in "Payment Processing Solutions" such as Stripe or PayPal. These high-quality FinTech platforms allow businesses to seamlessly integrate electronic payment systems and are pivotal in facilitating secure and convenient electronic transactions, embodying the core of secure FinTech services provision.

What are the 5 key technologies in FinTech?

We would circle out the following key technologies in finance software solutions, fostering the development of innovative FinTech software:

  • Cybersecurity: essential for protecting sensitive financial data from cyber threats and breaches;
  • Blockchain: powers cryptocurrencies and ensures secure, transparent financial transactions;
  • Cloud Computing: offers scalable and flexible financial service solutions, improving accessibility and efficiency;
  • Artificial Intelligence: enhances customer experience through chatbots and improves decision-making with predictive analytics;
  • Data Analytics: enables better risk assessment and personalized financial solutions through data analysis.

How can I be sure that my FinTech software is secure?

Security is the foremost concern for every business that works within the FinTech industry. Open-source APIs, the storage of sensitive data, and external sources of data all pose potential security threats and can be used by cyberattackers to steal or expose information from your software.

Ensuring FinTech software's security involves adhering to best practices in data security throughout the software development process. Fively specializes in FinTech software development expertise, employing multi-factor authentication, encrypting data transmissions, and using AI and ML tools for comprehensive threat detection to safeguard every software against cyberattacks. Moreover, we can build custom APIs and come up with a plan for quick and easy recovery once the security breach is discovered.

How to build FinTech software?

A typical financial product development involves a series of steps:

  • Choose the Fintech app category: whether it's a digital banking app, a payment gateway, an investment platform, etc.
  • Market analysis: conduct thorough research to understand market needs and key competitors;
  • Create user profiles: you will get insights into your target audience's preferences and behaviors;
  • BBudget planning: establish a financial plan to allocate resources effectively throughout the FinTech product development;
  • User journey mapping: outline user scenarios and design a user experience that is intuitive and engaging;
  • Feature and requirement specification: clearly define the functionalities and technical requirements of your app;
  • Choose your tech stack: select technologies and tools that align with your app's needs;
  • Plan your launch: devise a comprehensive strategy for introducing your fintech product to the market.

How to develop a FinTech app?

FinTech software applications engineering usually goes as follows:

  • Initial market research: it helps to understand the FinTech domain and identify gaps and opportunities;
  • Team assembly: choose a fitting development company, and put together a skilled team including developers, designers, and FinTech experts;
  • MVP planning: focus on core functionalities development to test your concept;
  • Technology selection: decide on the tech stack that will power your custom app development, considering both current needs and future scalability;
  • Integrating APIs: to add essential features like payment processing, banking services, or data analytics;
  • UI/UX design: focus on creating an intuitive and engaging user interface and user experience;
  • Pilot testing: helps to gather initial user feedback and identify any technical issues;
  • Iterative updates: regularly update your app based on user feedback according with agile development methodologies.

Should I go for FinTech software development company outsourcing?

Outsourcing to a FinTech development company is a practical option for businesses looking for comprehensive FinTech application development services. Choose a services provider with a range of services and a team of fintech experienced financial software developers to ensure your project benefits from deep development expertise and delivers secure and innovative FinTech software solutions.

Make sure the FinTech software development company you address can be trusted; check the testimonials of their clients and reviews of their work on different online resources.

How much does it cost to build a payment app?

The calculation of the exact cost of a FinTech app requires careful consideration of every aspect: your business goals, tech stack, the number and complexity of features and integrations, and time frames. The total sum usually starts from $25.000. Contact us to get a more detailed outlook on the price of your future FinTech solution.

Why FinTech is the future?

The reason is simple: financial software applications are not only going digital, but rapidly evolving to become accessible, affordable, and convenient to every person. Managing all money-related activities online, quickly and without compromising security, is the dream of every business and individual.

Experts predict that by 2024, the FinTech industry will be valued at $20 billion. Wide adoption of blockchain, Business, and Artificial Intelligence, as well as cloud computing and data science techniques, will only contribute to the industry’s growth.

What is banking software?

It refers to technology solutions designed to streamline the banking and financial business process, offering features for web and mobile banking, transaction processing, and customer relationship management. This software plays a crucial role in the FinTech application development services, enabling banks and financial institutions to offer secure and efficient services.

How to choose the fitting FinTech development team?

Choosing the right fintech development team involves evaluating the team's range of services, FinTech software development expertise, and previous projects. Look for a FinTech development company that offers end-to-end development services, including custom FinTech app development services.

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