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.

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.

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.

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.

B2B Insurance Claims Automation: Zentist

B2B Insurance Claims Automation: Zentist

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.

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.

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.

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.

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

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
Goodfirms
TopDevelopers
TopDevelopers
TechBehemoths
TechBehemoths
TechBehemoths
Clutch
Clutch

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Frequently Asked Questions

What is FinTech?

It’s an umbrella term used for any business that leverages various software and technologies to automate money-related operations, enhance the overall experience from financial apps, and streamline pecuniary transactions.

FinTech businesses can capitalize on building specialized software for the sake of their clients and business partners, using it inside their own company, or selling it to other enterprises.

What are the types of Fintech Software?

FinTech software comes 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 make 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 technologies are used in the process of FinTech software development?

If you decide to go for custom CRM development or any other FinTech software, make sure that it’s built according to the latest cutting-edge software trends and technologies.

Every modern FinTech solution should be protected with blockchain technologies that encrypt all the transactional data, thus preventing cyberattacks.

Artificial Intelligence can provide users with a personalized experience, predict their future steps, and gain valuable insights to improve marketing strategies.

The Internet-of-Things helps to monitor transactions and analyze real-life environments with IoT sensors and devices to make sound financial decisions.

Big Data will process large amounts of data, while RegTech will be used to automatically manage regulatory compliance requirements.

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.

Fively never compromises the security of clients or allows data leakage. That’s why we take every step in software development with regard to best data-safety practices. We inspect the code for possible flaws and make sure that every data transmission process is encrypted. We embed the function of multi-factor authentication and use AI and ML tools to prevent and detect every attempt at a cyberattack. Moreover, we can build custom APIs and come up with a plan for quick and easy recovery once the security breach is discovered.

Should I go for FinTech software development outsourcing?

It’s not sustainable to create an in-house team of software developers, designers, and QA engineers to build a FinTech app if you have a small business or a startup. It’s a rather more feasible option to outsource a reliable software development company that will give you a full team with every worker needed for your project.

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.

What does a FinTech software developer do?

Typically, a full-stack software engineer involved in FinTech product development designs the architecture of a software product, does all the coding, and maintains the app. FinTech developers also have expertise in DevOps and cloud computing and are skilled at the integration of APIs, AI, ML, and blockchain technologies. Every software engineer keeps updating and expanding their set of skills as new tools and technologies emerge every second.

What does a standard FinTech software development team look like?

To make an outstanding FinTech app, you need software engineers who have a good command of one of the programming languages like Python, C++, or Java. They also need to have a high level of competencies in AI and ML, databases, and know how to leverage automation and visualization tools.

Another important group of specialists to have on your team are QA engineers to test the code written by developers and UX/UI professionals to attract clients with elaborate design.

Let’s not forget about business analysts, project managers, and marketing specialists who make every effort for a new software product to appear on the market in all its shining glory.

Is building a FinTech app expensive?

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. Contact us to get a more detailed outlook on the price of your future FinTech solution.

What is the difference between SaaS and FinTech?

On the one hand, SaaS, or Software-as-a-Service, accelerates the development and digitalization processes of the FinTech industry. How? SaaS products are usually cloud applications that rent out their platforms to FinTech companies. These platforms tend to feature a high level of cybersecurity and a wide range of functionality. FinTech companies, in turn, pay for subscriptions and let the SaaS vendor deal with maintenance and all the rest of the technical issues on their own. On the other hand, a FinTech app itself can be “rented” by other businesses and resemble the monetization model of a typical SaaS product described above.

Which country is the leader in FinTech?

The estimations conducted in 2021 reveal that the top three countries according to the largest FinTech ecosystems are the following: the United States, the United Kingdom, and Israel.

Why FinTech is the future?

The reason is simple: financial services 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.

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