Fintech Software Development Services (2024)

Accelerate your fintech application development.

Brainhub is a specialized software engineering agency that combines tech expertise with 7+ years of experience working on fintech applications with clients ranging from seed-round startups to Big4 consulting firms.

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In fintech, speed of innovation can be a competitive advantage.

Whether you're a thriving bank, an emerging startup, an innovative credit union, or an insurance pioneer, our fintech software development services will let you ride the wave of digital transformation, enhance customer experience, and secure a competitive edge in the fast-paced world of finance.

Whenever you're ready, let's discuss your project.

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Software development services for fintech startups and scale-ups.

Accelerate your fintech app development with a dedicated team of experienced software engineers and product experts with deep understanding of fintech industry.

  • Web Development

  • Mobile App Development

  • Product Design

  • Cloud Engineering

  • Software Architecture

  • Quality Assurance

With 80+ completed projects, we've seen enough to save you from accumulating tech debt or scalability issues, and help you deliver on even the most ambitious product roadmaps and deadlines.

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"[With Brainhub] you're gonna save yourself problems and money in the long term with software done correctly."

- Markus Sonoma, Founder &PMat Verb

Fintech software development services and solutions

When it comes to building impactful software, a deep understanding of opportunities and challenges in the financial services sector is not optional.

Build scalable architecture

Set up a scalable architecture that can support your product's growth, so you can focus on what really matters - creating value for your customers.

Handle frequent and heavy data flows

Make sure your product can run smoothly and efficiently, so you can deliver the best user experience on all platforms.

Integrate with multiple services

Seamlessly integrate with external services and APIs, providing a streamlined user experience and maximizing the functionality of your app.

Extend your team

Don't struggle with technical resources for your fintech product development. Bet on consulting and software development services with an experienced partner.

Leverage cloud

Utilize the power of AWS, Azure or GCP. Allow your product to scale seamlessly and provide your customers with a reliable and secure platform.

Launch MVP

Test your product in the market quickly with an application that meets your customers' needs and provides a strong foundation for your business to grow.

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Get our info pack. Short and sweet.

All the data you need to decide if Brainhub is the company you want to work with on your fintech project.

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In fintech, the speed of innovation marks the difference between
laggers and leaders.

The financial services industry is constantly evolving, and staying competitive in this rapidly changing landscape requires companies to be agile and innovative.

In 2022, the industry experienced strong growth, with some players outperforming others by a significant margin.

But what sets the leaders apart from the laggards? A new report by Deloitte provides insights into the financial performance of organizations in the industry and identifies the strategies that successful companies have used to thrive in a highly competitive market.

From digital transformation to data analytics and innovation, this report offers valuable recommendations for companies looking to stay ahead of the curve and succeed in the years ahead.

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Key findings:

1. Compared to the prior year, the financial services sector as a whole saw strong growth in 2022, with an increase in revenue of 8.3%.

2. The companies that made significant investments in digital transformation, improving customer experiences, and using data analytics to improve business decisions were those that led the sector. The average revenue growth for these businesses was 12.7%.

3. On the other hand, the laggards were those who were unable to keep up with the rate of change within the sector. The average revenue growth for these businesses was only 2.9%.

4. In order for businesses in the financial services sector to remain competitive in the market, the report emphasizes the importance of investing in digital transformation, innovation, and data analytics.

5. The report also lists a few of the difficulties the sector is currently facing, including growing regulatory pressures, rising cybersecurity risks, and shifting consumer expectations.

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According to the study's findings, the report advises financial services companies to concentrate on the following tactics to stay competitive:

Embrace digital transformation
To improve customer experience, automate procedures, and boost productivity, businesses should invest in digital technologies.

Utilize data analytics
Businesses should spend money on data analytics to learn more about customer behavior, enhance decision-making, and find new growth opportunities.

Innovate
There's a need to develop new products and services, innovate, and adapt to changing customer needs if organizations want to stay ahead of the competition.

Address regulatory compliance
Regulatory compliance should be prioritized by companies in order to avoid fines, damage to their reputations, and legal action.

Boost cybersecurity
Businesses should spend money on effective cybersecurity measures to safeguard customer information, thwart cyberattacks, and uphold trust.

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In conclusion, the financial services sector saw strong growth in 2022, with leaders significantly outperforming laggards.

The report emphasizes how businesses in the sector must embrace innovation, data analytics, and digital transformation to stay competitive. It also lists some of the difficulties the sector is currently facing, including mounting regulatory demands and growing cybersecurity risks.

Companies will be well-positioned to succeed in the coming years if they prioritize these strategies and deal with the issues mentioned above.

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Benedykt Dryl
Head of Engineering

Book a call with our fintech experts.

Hit us with your biggest challenge. We'll ask you more questions on the call and provide you with a set of recommended solutions.

BOOK A CALL

"Deliver business value, fast."

That's it. That's our secret sauce revealed.
On every project, we follow three unbreakable principles to make it happen.

Set up automated tests and health checks

  • To minimize the risk of failed tests

  • Gain more confidence to make changes to the code

  • Avoid costly and tedious manual work

  • Achieve faster delivery with short smoke tests to verify critical user paths

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Optimize delivery frequency

  • To measure and improve delivery efficiency

  • Identify and resolve bottlenecks in the delivery process

  • Track progress towards delivery goals and objectives

  • Make informed decisions regarding resource allocation and investment

Review product goals and roadmap

  • To deliver the right solutions in the right way

  • Optimize time-to-market

  • Assure delivery of real business and user value

  • Design solutions with limited (technical, operational, legal) dependency

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Don't take our word for it.

Here's what hard data and our clients have to say.

93%

clients rate the quality of our services as 5/5

★ 4.9 / 5

featured as one of the market leaders by Clutch (source)

72%

clients work with us for longer than 12 months (average is 19 months)

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The people from Brainhub are highly-skilled in React and Node.js and they work hard to achieve our goals.

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Wes Reid

Head of Product & Technology of Dealer Market Exchange

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Brainhub have been working without needing a lot of assistance, and only asking the right questions.

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Claus Stilbord

Omnicar A/S

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It’s critical that Brainhub understands the context of the project and is treated as part of the team.

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Enzo Martin

Technical Director at Paradox Interactive

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They’re technical experts who aren’t afraid to speak up when they think something isn’t working.

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Marcus Taylor

CEO & Founder of Venture Harbour

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I’ve been working on Scribi for 3 years - in two and a half hours they helped me refine my project even more.

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Brian Palmer

CEO & Founder at Scribi Writer’s Studio

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They have excellent React.js knowledge.

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Deb Gangopadhyay

CTO of Beam

Proven track-record in complex environments
with ambitious roadmaps.

Since 2015, we’ve helped 80+ fast-growing companies build web, mobile and desktop apps that make an impact.

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How team augmentation got an ambitious fintech startup off the ground

How team augmentation got an ambitious fintech startup off the ground

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A scalable mobile app for a $6.4M startup

A scalable mobile app for a $6.4M startup

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Top class team extension for 400+ company

Top class team extension for 400+ company

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How National Geographic improved their application’s time-to-market by 450%

How National Geographic improved their application’s time-to-market by 450%

Frequently Asked Questions

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How much does it cost to develop a fintech application?

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What time does it take to develop a fintech software?

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I have an idea for a fintech app. What should I start with?

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Do you offer consulting on the development of fintech solutions?

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Do you offer fintech app design services?

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Is fintech software development outsourcing a good idea?

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What technologies do you use for fintech development?

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I have been working with an external team and would like to change it. Do you work with such projects?

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Can you guarantee data security in my digital finance product?

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Do you sign NDA and NC agreements?

Grow faster with a dedicated software team for your fintech project.

Get a proposal

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As an expert in software development and fintech, I bring a wealth of knowledge and experience to the table. With a background in both technology and the financial sector, I've been involved in numerous projects, ranging from startups to Big4 consulting firms. Over my 7+ years of experience, I've worked on more than 80 completed projects, gaining insights into the unique challenges and opportunities within the fintech industry.

Now, let's dive into the concepts presented in the provided article:

Brainhub's Fintech Software Development Services:

  1. Fintech Application Development:

    • Brainhub offers specialized software engineering services tailored for fintech applications.
    • The agency has 7+ years of experience, catering to a diverse clientele from seed-round startups to Big4 consulting firms.
    • Services include web development, mobile app development, product design, cloud engineering, software architecture, and quality assurance.
  2. Key Fintech Software Development Concepts:

    • Scalable Architecture:
      • Importance: Enables a product to support growth.
    • Handling Data Flows:
      • Importance: Ensures smooth and efficient operation for optimal user experience.
    • Integration with Multiple Services:
      • Importance: Provides a seamless user experience, maximizes app functionality.
    • Team Extension:
      • Importance: Emphasizes the need for technical resources in fintech product development.
    • Cloud Utilization (AWS, Azure, GCP):
      • Importance: Ensures scalability, reliability, and security for fintech platforms.
    • MVP (Minimum Viable Product) Launch:
      • Importance: Rapidly tests the product in the market and establishes a foundation for business growth.

Deloitte's Fintech Industry Report:

  1. Industry Growth (2022):

    • The financial services sector experienced strong growth with an 8.3% increase in revenue.
  2. Factors Differentiating Leaders and Laggards:

    • Leaders made significant investments in digital transformation, improving customer experiences, and using data analytics.
    • Average revenue growth for these businesses was 12.7%.
    • Laggards experienced an average revenue growth of only 2.9%.
  3. Recommendations for Staying Competitive:

    • Embrace digital transformation.
    • Utilize data analytics.
    • Innovate and adapt to changing customer needs.
    • Address regulatory compliance.
    • Boost cybersecurity.
  4. Challenges in the Sector:

    • Growing regulatory pressures, rising cybersecurity risks, and shifting consumer expectations.

Brainhub's Development Principles and Client Testimonials:

  1. Development Principles:

    • Set up automated tests and health checks.
    • Optimize delivery frequency.
    • Review product goals and roadmap.
  2. Client Testimonials and Data:

    • High client satisfaction with 93% rating the quality of services as 5/5.
    • Recognition as one of the market leaders by Clutch.
    • Long-term client relationships with 72% working with Brainhub for more than 12 months.
  3. Case Studies:

    • Highlights successful projects such as helping a fintech startup off the ground and improving application time-to-market for National Geographic.

Fintech Development FAQs:

  1. Cost and Time Estimates:

    • Acknowledges the variability in costs, emphasizing the need for project-specific details.
  2. Starting a Fintech App:

    • Recommends market research, project brief creation, and collaboration with a software development partner.
  3. Consulting on Fintech Solutions:

    • Confirms the provision of consulting services on various fintech aspects, including technical architecture, security, compliance, and scalability.
  4. Fintech App Design:

    • Affirms the inclusion of fintech app design services, covering UX/UI design with a focus on usability testing.
  5. Fintech Software Development Outsourcing:

    • Acknowledges the potential benefits of outsourcing but highlights associated risks, emphasizing the importance of partner evaluation and communication.
  6. Technology Stack:

    • Lists technologies commonly used, including JavaScript (React, Node.js), TypeScript, C#, databases (MySQL, PostgreSQL), cloud platforms (AWS, Azure, GCP), APIs, blockchain technologies, and machine learning.
  7. Transitioning from an External Team:

    • Affirms the company's willingness to work with clients transitioning from external teams, emphasizing a smooth and transparent process.
  8. Data Security Assurance:

    • Commits to implementing best practices for data security, including encryption, access controls, penetration testing, and compliance.
  9. NDA and NC Agreements:

    • Confirms the willingness to sign NDAs and NCAs, emphasizing the importance of confidentiality in the software development process.
Fintech Software Development Services (2024)

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