List of the top financial software development companies
These are the top 12 fintech development services providers worldwide. There is no universally best choice, so the companies are sorted by the category that seems to be the most important from the client's perspective - the ability to quickly enter the project and impact its business growth.
- Brainhub
- 10Clouds
- Geniusee
- Cheesecake Labs
- Future Processing
- Monterail
- Miquido
- KindGeek
- Diceus
- S-Pro
- Netguru
- Dataart
In the first part of the article, you’ll find graphs where we compare various qualities of the companies. In the second - details about each vendor, along with their area of expertise, skills, and top fintech clients. We also provide you with a few tips about cybersecurity and useful sets of skills.
Comparison nr 1: team technicalities
In the first set of graphs, we compare basic facts about the companies. Pay attention to them, especially if you need to hire a big team of developers.
Years of experience
Hiring an inexperienced team for fintech app development wouldn’t be the best decision, so all companies presented in this ranking have proven fintech-related experience.
Companies with longer market experience can be more mature in terms of processes, and have a bigger scope of various skills useful for software development.
Younger companies often have a fresh look at things, are not opinionated, and can speed up some procedures for you.
Team size of the top financial software development companies
If you need a team of 40+ developers, look for big companies. But remember, that the fact there are many developers on board doesn’t mean they can start the cooperation quickly. Big companies often require a lot of formalities before the project can launch. It slows down the process and creates a risk of favoring more profitable clients.
Smaller companies want to prove their skills and expertise, many formalities can be skipped, they also build teams in a more personalized way. But you won't be able to skip your high demand.
Plus, it all depends on the company's culture.
Comparison nr 2: adding value to your product and team
In this section, we compare how quickly the companies can make an actual influence on your product, and what are their procedures towards achieving the best business results.
Business-success approach - ability to meet business goals
A vendor who understands business, not only technology, will make smarter decisions, prioritize more accurately, and finally deliver a better product.
Business-success approach manifests by including business analysts in the project from the very beginning or providing support of tech advisors for development teams.
A sign that a software development company will deliver your product according to business needs also manifests in the way they work - when boundaries between business and development are smashed, and they exchange knowledge openly. A smooth flow of know-how between the vendor and your in-house team lays a solid foundation for a successful partnership.
Another good sign is when they challenge your vision and propose better solutions from a business point of view.
Time to impact - the speed of making a difference
Time to impact means how quickly a company can make an actual influence on your product. It depends on how a vendor manages resources, how many formalities they need before they can start, and how much time is needed for onboarding.
The ability to make an impact quickly isn't correlated with the number of developers on board.
Time to impact is also influenced by the way a company organizes projects and by additional products they offer - like workshops. Plus, the presence of tech advisors and tech leaders in a team speeds up the time to first contribution.
Comparison nr 3: approach to cooperation
Approach to cooperation strongly connects with a company’s culture. To assess it, we’ve analyzed each company’s testimonials and reviews, as well as how vendors write about themselves.
In this section, start with asking yourself how you want your cooperation to look? Do you want an external team to work closely with yours? Are you open to learning something new from a vendor’s team and, for example, making positive changes in your processes?
Consultancy attitude - the willingness to advise and share knowledge
A team with a strong consultancy attitude will be not only willing to share knowledge with you. They will do it spontaneously throughout the process, and they will propose certain improvements and specific skills your team could learn.
And after the cooperation ends, your team should be skilled enough to be able to continue without the vendor’s help.
DevOps culture - a flow of information between team members and teams
Working in compliance with DevOps culture means, in short, cooperating closely without knowledge hubs. Tons of documentation prolong the development process and make it harder to deliver business results. Close collaboration means understanding, transparency, and higher quality. Frequent and high-quality releases increase the satisfaction of developers – and, subsequently, users of the product.
Companies that work in line with DevOps culture and are willing to share that knowledge are pure gold - you can improve your processes significantly with those players.
Ownership - willingness to take responsibility and own the mistakes
You shouldn't need to babysit an external team of developers. And a strong ownership attitude of a team prevents that.
A responsible team isn’t afraid to make mistakes, because they know how to fix them. They accept challenges and responsibilities. The owneship attitude entails more transparency and better communication.
Partnership - willingness and capability to sink into your team
A close partnership between your team and a vendor’s team will facilitate communication, improve transparency and make it easier to achieve joint business goals. It also increases productivity.
A true partnership means sinking into your team when traditional outsourcing is the opposite.
Fintech software development companies - details
Now, get familiar with the details about each fintech software development company from this ranking.
Brainhub
Brainhub is one of the top fintech software development companies that specializes in .NET and JavaScript. This software development agency that helps fintech businesses to accelerate their growth.
The company is an expert in fintech web and mobile app development, having in their portfolio crypto-trading, expense management, and wealth management apps. They worked with startups, small and medium companies, and corporations.
The company has strong UX design skills. They’re experts in increasing customer engagement and improving ROI by delivering financial solutions that meet modern users’ needs. The company offers discovery workshops that can save up to 20% of development time and understands the business side of development projects.
This fintech software development company provides the highest level of cybersecurity and have a set of preventive processes in place.
EXPERTS IN: crypto-trading, managing personal budget, tax management, wealth management, customer and user experience
RANGE OF SERVICES: fintech mobile app development, fintech web app development, cryptocurrency apps, expense management software development, payment solutions, investment software development, fintech UX/UI design, legacy system modernization
TOP FINTECH CLIENTS: Gokong, Coin Panel, a few other big clients under NDA
THEY WORKED WITH: startups, medium-sized companies, corporations
TECHNOLOGIES: .NET, JavaScript, TypeScript, Node.js, React.js, React Native, NestJS, Golang, Electron.js, GraphQL, Kubernetes, AWS, Azure, GCP
TALENTS ON BOARD: software engineers, QA engineers, UX/UI designers, business analysts, tech advisors, scrum masters, agile coaches, solution architects, DevOps engineers, delivery managers
REVIEWS: 4.9 stars on Clutch from 40 reviews
SKILLS: DevOps, workshops, hybrid mobile app development, iOS app development, Android app development, PWAs, UX design, UI design, UX audit, UX workshops, architecture development, MVP, prototyping, product scaling, CI/CD, automated tests, BDD, TDD, information architecture, visual design, backend engineering, API development, serverless architecture, testing, Artificial Intelligence
WHAT CLIENTS APPRECIATE: technical knowledge, quality of the code, proactive attitude, project management abilities, transparency, engagement, dedication, curiosity, being a part of a client’s team
COMPANY SIZE: 100+
LOCATION: Poland
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: The team believes in ownership and building strong relationships with clients and between team members. They support proactive behavior. Consistent growth, sharing knowledge, and close cooperation are very important to the team. After hours, they’re a bunch of friends who love to hang out together.
<span class="colorbox1" fs-test-element="box1"><p>Want to work with us? Take a quick look at the fintech projects delivered lately or contact Brainhub right away.</p></span>
<h3 id="10clouds"> 10Clouds </h3>
10CLOUDS IN A NUTSHELL:
The company specializes in fintech and blockchain software development and consultancy. They strongly focus on providing user-friendly and cutting-edge fintech and banking solutions.
10Clouds joined forces with Trust Stamp, a leader in global identity verification, and developed solutions that meet the most rigorous security standards. They can be used while cooperating with enterprises and fintech companies to speed up the process. These are solutions like proof of liveliness, ID verification or identity lake.
10Clouds fintech team extends their partners’ blockchain and mobile development teams, supports teams while building platforms for secure data sharing, and helps fintech companies move to the cloud.
EXPERTS IN: banking systems, accounts integration, fintech mobile apps, enterprise financial software, wallet applications, secure data sharing
RANGE OF SERVICES: financial mobile app development, financial web app development, banking systems, enterprise financial software development, consulting
TOP FINTECH CLIENTS: Mambu, Tink, G-Coin, Lite ID, Crescent, Omise, Coinquista
THEY WORKED WITH: startups, medium-sized companies, enterprises
TECHNOLOGIES: React.js, Angular, React Native, Node.js, Vue.js, Swift, Flutter, Kotlin, Python, Elixir, Java
TALENTS ON BOARD: software engineers, QA engineers, DevOps engineers, blockchain developers, Cloud engineers, software architects, product designers, UX designers, delivery managers, agile project managers
REVIEWS: 4.9 stars on Clutch from 58 reviews
SKILLS: Artificial Intelligence, blockchain, cloud, DevOps, identity verification, machine learning, data sharing, customer experience, web development, mobile development, web design, product design, UX design, illustration, MLOps
WHAT CLIENTS APPRECIATE: transparency, cost-consciousness, engagement, flexibility, dedication, effective workflow and project management, code quality, professionalism
COMPANY SIZE: 200+
LOCATION: Poland (Warsaw, Poznan, Wroclaw)
FOUNDED IN: 2009
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: The team believes in mutual, constructive feedback as a part of showing appreciation. They also strive to recognize and celebrate achievements, as it increases happiness and engagement of the team. Care and appreciation are one of the main company values that keep the team united.
<h3 id="geniusee">Geniusee</h3>
Geniusee is a custom fintech software development company. The organization provides tech solutions for various businesses, ranging from startups to large market players. They focus on delivering software that is sharp, seamless, and tailored to the specific needs of their clients. Their expertise spans across various sectors, including FinTech, EdTech, and Retail.
EXPERTSIN: digital banking solutions, blockchain, financial data management
RANGEOF SERVICES: web development, custom software development, AI development, cloud consulting, mobile app development
TOP FINTECHCLIENTS: Zytara Neobank, Finance Unlocked
THEY WORKED WITH: startups, medium-sized companies, enterprises
TECHNOLOGIES: Django, Node.js, React.js, React Native, Java, Kotlin, Python, Swift, TypeScript
TALENTSONBOARD: software engineers, frontend developers, backend developers, DevOps engineers, QA engineers, project managers, business analysts, UX designers, UI designers
REVIEWS: 5.0 based on 49 reviews
SKILLS: software engineering, product design, Data Science & AI, digital banking solutions, blockchain, financial data management, payment security, predictive analytics, UXdesign
WHAT CLIENTS APPRECIATE: professionalism and transparency in the development process, technical expertise, responsiveness, dedication to the success of the project
COMPANYSIZE: 100+
LOCATION
Headquarters: Middletown, DE, USA
Other Locations: Warsaw, Poland; Kyiv, Ukraine; Lviv, Ukraine
FOUNDEDIN: 2017
PRICE RANGE: $25 - $49 per hour
CULTURE & VALUES: Geniusee is a multifaceted organisation with a group of highly skilled technological experts. They are renowned for their commitment, diligence, and initiative when working on projects. Effective communication, professionalism, and transparency are highly valued by the company.
<h3 id="cheesecake_labs">CheesecakeLabs</h3>
CheesecakeLabs, a fintech design and engineering firm based in Brazil, specialising in web and mobile development. They provide a variety of teams that can handle different projects' requirements. They were identified as the 5th best React Native development company and the 10th best global mobile app development company by Clutch. Additionally, they were featured on the prestigious Great Place to Work list.
EXPERTSIN: blockchain, web development, payment systems
RANGEOF SERVICES: mobile application development, web app development, website development, UX/UI design, strategy and product definition
TOPFINTECHCLIENTS: MonetGram, Stellar, Fig Loans, Cresol Pay
THEY WORKED WITH: startups, medium-sized companies, enterprises
TECHNOLOGIES: React Native, Flutter, React, Python, Node.js
TALENTSONBOARD: software engineers, QA engineers, mobile engineers, designers, project managers, product owners
REVIEWS: 4.9 stars on Clutch from 49 reviews
SKILLS: native mobile apps, cross-platform mobile applications, iOS app development, Android app development, quality assurance, testing, project management, UX, UI, Progressive Web App, IoT, Connected Hardware, Voice Assistants, Blockchain, wearables, MVP specifications, MVP development, information architecture, visual design, prototyping, backend engineering
WHAT CLIENTS APPRECIATE: meeting project deadlines, great product management, responsiveness, professionalism, proactive communication, thinking out of the box, top productivity, transparency
COMPANY SIZE: 100+
LOCATION: Brazil (Florianopolis)
FOUNDEDIN: 2013
PRICERANGE: $50 - $99 / hr
CULTURE & VALUES: adaptability, excellence, taking responsibility, lucid communication, deference, information sharing, tight cooperation
<h3 id="future_processing">Future Processing</h3>
Future Processing is a Polish software consulting company. With a focus on digital transformation through the use of machine learning, cloud, and data solutions, they provide fintech software development services. The organization offers advising services in addition to helping with the project's discovery phase. They won Strategic Sourcing Awards and have been a Microsoft partner since 2007. Clutch identified them as one of Poland's Top Developers.
EXPERTSIN: blockchain, banking apps, loan apps
RANGEOFSERVICES: custom software development, software design, support & maintenance, digital transformation, cloud services, legacy modernization
TOPFINTECHCLIENTS: Crédit Agricole Bank, 4 finance, Euromoney
THEYWORKEDWITH: startups, medium-sized companies, enterprises
TECHNOLOGIES: .NET, Java, Angular, C++, PHP, Python, Node.js, React, React Native, MongoDB
TALENTSONBOARD: software developers, solution architects, DevOps engineers, Big Data architects, QA engineers, business analysts, scrum masters, delivery managers, UX/UI designers, graphic designers
REVIEWS: 4.7 stars on Clutch from 39 reviews
SKILLS: strategy workshop, discovery workshop, design sprint workshop, business intelligence, data science, Machine Learning, cloud solutions, data solutions, AWS, Azure, PoC development, IoT, AI, Big Data, DevOps, business analysis, testing, Quality Assurance, software architecture, quality audits, security audits, usability and accessibility audits, software audits
WHAT CLIENTS APPRECIATE: top-notch project management skills, predictability, professionalism, expertise, high quality of work, being goal-oriented, focus on people and building relationships
COMPANY SIZE: 1000+
LOCATION: Poland, Switzerland, UK, Germany, Ukraine
FOUNDEDIN: 2000
PRICERANGE: $50 - $99 / hr
CULTURE & VALUES: highest quality, passion, commitment, expanding knowledge and skills, openness, trust, positive atmosphere, team spirit
<h3 id="monterail>Monterail</h3>
Monterail is a software development company with a focus on AI-enhanced digital product development. They are present on the market for over 13 years. They have a team of experts dedicated to building innovative software solutions for industry leaders. The organization have successfully delivered more than 390 projects to over 235 clients worldwide. They are an official Vue.js partner.
EXPERTSIN: finance management apps, M&A deal platform
RANGEOF SERVICES: web development, mobile app development, product design, AI development, web design
TOPFINTECHCLIENTS: Uncap, ZebPay, DealGlobe
THEYWORKEDWITH: startups, medium-sized companies, enterprises
TECHNOLOGIES: Ruby, JavaScript, Python, TypeScript, Ruby on Rails, VueJS, Angular, Flutter, Node.js, React, React Native, Django
TALENTSONBOARD: software engineers, software architects, QA engineers, product designers, UXdesigners, project managers
REVIEWS: 4.8 based on 49 reviews
SKILLS: web app development, mobile app development, UI/UX Design, Artificial Intelligence, digital product development, product strategy
WHAT CLIENTS APPRECIATE: adaptability, speed of work, high-quality performance, effective communication, understanding of client's objectives, ability to perform under pressure
COMPANY SIZE: 150+
LOCATION: Wrocław, Poland
FOUNDEDIN: 2010
PRICE RANGE: $50 - $99 per hour
CULTURE & VALUES: long-term partnerships, human approach, adaptability to client's needs
<h3 id="miquido"> Miquido </h3>
MIQUIDO IN A NUTSHELL:
Miquido is a fintech software development company that provides end-to-end fintech software development services - from strategy and market research, through design, to development and support. This process allows the company to spot the needs of a business and provide a user-center product.
Miquido implements Machine Learning features and Data Science solutions to financial and banking products they create. Expertise in Artificial Intelligence allows them to implement chatbots or voice assistants into insurtech products. The company cares about both security and performance of the fintech apps they deliver.
They are experienced in building various financial products: trading platforms, investment applications, banking apps, and digital wallets. Their fintech applications for Nextbank have been recognized by Singapore Fintech Festival 3 years in a row.
EXPERTS IN: in-app bank account management, Customer relationship management app for insurance agents, financial mobile platforms, web and mobile trading platforms, investment applications, stock exchange apps, advanced savings calculators
RANGE OF SERVICES: banking app development, digital wallets, mobile banking apps, insurance app development, financial app development, financial mobile platform development
TOP FINTECH CLIENTS: BNP Paribas (GOmobile project), Aviva, NextBank, PZU, Monetas
THEY WORKED WITH: small and medium-sized companies, corporations
TECHNOLOGIES: JavaScript, Angular, React, Node.js, Golang, Java, Flutter, Swift, Kotlin, TypeScript, Kubernetes
TALENTS ON BOARD: software developers, frontend developers, backend developers, tech leaders, software testers, visual designers, product designers, UX/UI designers, project managers
REVIEWS: 4.9 stars on Clutch from 37 reviews
SKILLS: Cloud Core Banking, Web Internet Banking, Mobile Internet Banking, Agency Banking, AI Credit Scoring, Artificial Intelligence, Machine Learning, Data Science, Computer Vision, AWS, Google Cloud Platform, cloud app development, cloud deployment, UX design, UI design, Business Intelligence, product strategy, workshop, NLP, market research, prototyping, PoC
WHAT CLIENTS APPRECIATE: reliability, flexibility, consistency, quick turnaround time, ability to onboard rapidly, versatile range of skills and capabilities, transparency, communication skills, commitment, work ethic.
METHODOLOGY: Agile methodology
COMPANY SIZE: 200+
LOCATION: Poland (Cracow)
FOUNDED IN: 2011
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: The team treasures transparency and honesty - also in terms of advising better solutions for their clients. Delivering business value is crucial for the company. They put people first, caring about their personal growth, competence development, and overall satisfaction.
<h3 id="kind_geek"> KindGeek </h3>
KINDGEEK IN A NUTSHELL:
KindGeek is a full-cycle fintech software development company. They have a strong business mindset, and transparency and trust are one of their main values.
KindGeek offers a full spectrum of financial software development services - from ideation to deployment. The company also provides business analysis and cybersecurity services. The company claims that over 80% of its projects lay in the finance industry.
The team believes in a product-oriented approach, so they recommend including a discovery phase into product development which saves up to 20% of development time. In their process of building digital banking software they always use design thinking, which allows them to build customer-centric products with great user experience.
EXPERTS IN: finance management platforms, blockchain platforms, insurance software, mobile payments, payment solutions
RANGE OF SERVICES: digital banking solutions, e-banking systems, mobile banking, cybersecurity services, blockchain platform development, fintech mobile apps, fintech web apps, insurance software development, payment solutions
TOP FINTECH CLIENTS: HyperJar, Tradeshift, LifeWallet
THEY WORKED WITH: startups, medium-sized enterprises, corporations
TECHNOLOGIES: JavaScript, Angular, React.js, Vue.js, Node.js, Java, .NET, PHP, MySQL, PostgreSQL, MongoDB, Oracle, Flutter, Firebase, Swift, Kotlin, Objective C
TALENTS ON BOARD: software engineers, QA engineers, DevOps engineers, UX/UI designers, business analysts, project managers
REVIEWS: 4.8 stars on Clutch from 36 reviews
SKILLS: Data Science, Cloud technologies, blockchain, business analysis, Artificial Intelligence, Machine Learning, Data Science, Cloud, UX design, UI design, chatbots, digital banking solutions, mobile-only banks,
WHAT CLIENTS APPRECIATE: communication skills, tech skills, project management skills, flexibility, collaborative and effective approach, attentiveness to client’s needs, responsiveness to feedback, reliability, delivering on time.
METHODOLOGY: Agile methodology
COMPANY SIZE: 100+
LOCATION: Poland (Cracow)
FOUNDED IN: 2013
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: Trust is the team’s highest value. According to the team, there’s no growth without honest feedback. They also appreciate the sense of beauty, striving to create products that are visually appealing. They treasure team spirit and the quality of delivered work.
<h3 id="diceus"> Diceus </h3>
DICEUS IN A NUTSHELL:
Diceus is a fintech software development company that strongly focuses on fintech, banking, and insurance software development. They use artificial intelligence, blockchain, big data, and cloud solutions to boost the financial software they create.
They provide services like payment solutions, blockchain solutions for banking, building online banking systems, and mobile banking solutions.
The company ensures professional technical advisory and support. They provide clients with NDAs at the initiation stage and have strong data security and protection procedures. They understand that a seamless user experience is crucial to increasing customer loyalty.
EXPERTS IN: banking legacy application modernization, online payments, payment processing, payroll processing, B2B insurance services, VAT processing applications, insurance broker software solutions, data warehouse, data aggregation, data migration
RANGE OF SERVICES: lending management software, blockchain solutions, regtech, payments software solutions, blockchain fintech app development, loan management software, money transfer app development, fintech application development, mobile banking apps, IT consulting, system integration, insurance software development, online banking, core banking systems, mobile banking
TOP FINTECH CLIENTS: Risk Point, Bank al Etihad, Teambase, BriteCore
THEY WORKED WITH: small and medium-sized companies, corporations
TECHNOLOGIES: React.js, Node.js, Vue.js, Angular.js, Golang, Flutter, Java, .NET, Python, PHP, Ruby, Objective.C
TALENTS ON BOARD: frontend developers, backend developers, designers, architects, QA and test engineers, business analysts, project managers
REVIEWS: 4.8 stars on Clutch from 40 reviews
SKILLS: DevOps, Artificial Intelligence, Machine Learning, blockchain, big data, cloud solutions, data science, cross-platform apps, payment gateway development, payment integration services, contactless payments and POS, real-time payments, Digital Ledger Technology, smart contracts, banking loan software solutions, fintech money lending software, loan module in core banking, loan decisioning software, money transfer functionalities, CRM, mobile banking apps, payment applications, IoT, ERP, Robotic Process Automation, system integration, software architecture
WHAT CLIENTS APPRECIATE: responsiveness, professionalism, and organizational skills, result-oriented approach, effective communication, expertise, timely reporting, commitment and dedication
METHODOLOGY: Agile methodology
COMPANY SIZE: 100+
LOCATION: Ukraine (Kyiv), Denmark (Hellerup), Lithuania (Alytus), USA (New York City)
FOUNDED IN: 2011
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: The company’s mission is to deliver high quality. They want to bring as many values as possible with the right technology and people. They combine expertise with a quality-driven delivery model.
<h3 id="spro"> S-Pro </h3>
S-PRO IN A NUTSHELL:
S-Pro provides software engineering and consulting services for banks, financial companies, and startups. They offer dedicated teams with fintech specialization, delivering strong domain expertise for their clients. The company focuses on accelerating its partners’ growth.
S-Pro has expertise in digital banking, lending software, crypto wallets, exchange platforms, insurtech, and stock trading platforms.
They are also experts in blockchain technology, providing white-label and custom blockchain solutions. The team has experience in software architecture, banking API, and payment solutions integration.
EXPERTS IN: fintech mobile apps, fintech web apps, real-time risk management platforms, crypto-wallets, crypto-trading platforms, banking API and payment solutions integration, B2B payment solutions
RANGE OF SERVICES: digital banking software development, loan management tools development, e-commerce payment systems development, crypto-exchange platform development, NFT marketplaces, crypto wallets and extensions, insurtech, blockchain development, stock trading platforms development
TOP FINTECH CLIENTS: MeterQubes, Crypto Wallet, Refundmatic
THEY WORKED WITH: enterprises, startups
TECHNOLOGIES: React.js, Angular.js, Node.js, Python, Java, Golang, PHP, Laravel, Firebase, React Native, Flutter, Swift, Kotlin
TALENTS ON BOARD: software engineers, frontend developers, backend developers, tech leaders, QA engineers, UX/UI designers, DevOps engineers, project managers, business analysts
REVIEWS: 4.9 stars on Clutch from 32 reviews
SKILLS: blockchain, API development, Big Data, cloud, DevOps, branding, cloud engineering, Artificial Intelligence, Machine Learning, UX design, UI design, architecture, PoC, infrastructure engineering, MVP, product migration strategy, quality assurance, banking infrastructure, neo banks, loan management software, loan comparison tools, mobile lending apps, P2P lending marketplace, BNPL & EPP, e-voting systems, DeFi & CBDC solutions, fraud prevention/detection, marketplaces, trading bots
WHAT CLIENTS APPRECIATE: outstanding ability to deliver, professional yet friendly communication, responsiveness, being a reliable partner, energetic approach, excellent project management, engagement, flexibility
METHODOLOGY: Agile methodology
COMPANY SIZE: 250+
LOCATION: Ukraine (Kyiv)
FOUNDED IN: 2014
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: The team strongly focuses on continuous improvement and thirst for knowledge. They pride themselves on having a product mindset. They treasure high-quality and innovative approach.
<h3 id="netguru"> Netguru </h3>
NETGURU IN A NUTSHELL:
Netguru is a global software agency with almost 15 years of experience and over 700 employees on board. The company helps fintech businesses create personalized, customer-centric products that respond to modern clients’ requirements.
Netguru helps banks in reviewing their digital journey and refining the user experience of their apps and websites. They deliver banking platforms and fintech mobile apps.
The company provides both consulting and fintech software development services. They use blockchain to secure online payments. They also help fintech companies to discover new business model ideas.
EXPERTS IN: banking platforms, supporting fintech startups, investment platforms, digital wealth solutions, banking-as-a-service, helping financial advice sector
RANGE OF SERVICES: financial product development, omnichannel banking experience, improving customer support, enhancing security, mobile banking apps, digital banking tools development, financial process automation, online payments audit, customer loyalty program development, insurance cloud services, banking as a platform, new business model discovery, insurance products and services, digital wealth solutions, digital banking tools development
TOP FINTECH CLIENTS: Solarisbank, Moonfare, AdviceTech, CashCape
THEY WORKED WITH: enterprises, startups, medium-sized companies
TECHNOLOGIES: Ruby on Rails, React.js, Node.js, Python, Django, React Native, Flutter
TALENTS ON BOARD: software engineers, software architects, DevOps engineers, data engineers, UX designers, UI designers, product designers, QA engineers, project managers
REVIEWS: 4.8 stars on Clutch from 40 reviews
SKILLS: blockchain, Machine Learning, AI, digital transformation, business intelligence, cybersecurity, cloud-based software, customer experience, chatbots, NLP, digital workflows, biometric verification, UX design, workflow automation, CRM
WHAT CLIENTS APPRECIATE: flexibility, commitment, engagement, openness to learn, quality, generating innovative suggestions, overcoming time zone challenges, strong relationships with clients’ team members
METHODOLOGY: Agile methodology
COMPANY SIZE: 900+
LOCATION: Poland (Poznań)
FOUNDED IN: 2008
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: The team never settles for "good enough" and aims to exceed the client's expectations. One of their biggest values is ownership. They believe in the power of questioning the status quo. They love experiments and learning from both successes and failures. They value partnership and continuous growth.
<h3 id="data_art"> DataArt </h3>
DATAART IN A NUTSHELL:
DataArt is a global software engineering firm with over 20 years of experience. Among their clients, there are banks, insurance companies, and inter-dealer brokers. They provide fintech product development and consulting.
They are experts in digital transformation and legacy modernization, helping financial institutions respond to changing customer patterns. They are highly skilled in the area of cybersecurity and machine learning.
Since the team is enormously big and spread across the whole globe, they have teams and offices in various continents and time zones. This also entails the fact that their skills are very broad.
EXPERTS IN: digital transformation and modernizing legacy solutions, modernizing the whole back-office platforms, POS systems, trading systems, digital banking platforms
RANGE OF SERVICES: digital transformation and system modernization, legacy re-engineering, data management and analytics, insurance software development services, cyber security services
TOP FINTECH CLIENTS: Monex Europe, Nasdaq, Bematech
THEY WORKED WITH: enterprises, medium-sized companies
TECHNOLOGIES: .NET, Angular.js, React.js, Node.js, Ruby on Rails, Oracle, Spring MVC
TALENTS ON BOARD: software engineers, solution architects, Cloud engineers, Data engineers, DevOps engineers, QA engineers, business analysts, product owners, project managers, scrum masters, delivery managers, UX/UI designers, product designers
REVIEWS: 5.0 stars on Clutch from 12 reviews
SKILLS: Big Data, business intelligence, AR/VR, business analysis, usability, cloud security audit, secure code review, penetration testing, security assurance and consulting, cloud computing, cloud-native development, cloud migration, customer experience, user experience, Artificial Intelligence, Machine Learning, cloud adoption, big data adoption, asset management consulting, online payment systems, risk management systems, accounting systems, treasury management and payment systems, fintech product development, on-demand IT, technology consulting, managed support, solution design, blockchain, IoT, BI, product design, cybersecurity assurance
WHAT CLIENTS APPRECIATE: grasping business needs quickly, professionalism, ability to deliver, strong work ethic, strong communication skills, understanding how business works
METHODOLOGY: Agile methodology
COMPANY SIZE: 5500+
LOCATION: USA (New York, Dallas, Orlando, Pittsfield), UK (London), Poland (Cracow, Lublin, Wroclaw), Germany (Munich), Switzerland (Zug), Argentina (Buenos Aires)
FOUNDED IN: 1997
PRICE RANGE: $50 - $99 / hr
CULTURE & VALUES: They call themselves engineers with open hearts, driven by the people-first principle. They integrate human values into their business and work relations: curiosity, empathy, trust, honesty, and intuition. The team strives to integrate those values with engineering excellence. They treasure flexibility and variety, cherish empowerment and education over bureaucracy, and highly value trust.
A word about security
Fintech companies need to deal with compliance regulations, financial apps need to be extra secure, and as a client, you need to remember about the security of your business. Here are a few tips on how to deal with that, and examples of how companies from this ranking are dealing with those issues.
Cybersecurity of apps
Fintech companies need to pay extra attention to securing their systems against penetration, malware, and data leaks.
Data encryption (encoding information into a code that requires special keys to be able to decipher it) and tokenization (replacing sensitive data with a generated number) are basic measures for that. Strong password policy and precise authentication technologies also.
But cybersecurity is an ongoing process. DevSecOps helps to integrate it to the fintech software development life cycle. It imposes testing throughout the whole development process and running penetration tests.
Fintech software developers need to be experts in data encryption, ensuring secure application logic, and penetration testing.
Compliance with local regulations
There’s a variety of federal and local laws that regulate how fintech businesses collect and use personal data. These are, for example, the Gramm-Leach-Bliley Act or the Federal Trade Commission Act in the US, and GDPR in Europe.
Brainhub ensures GDPR compliance for every project. Diceus offers consulting for banks when they help to resolve compliance issues quickly and provide RPA integration to help banks improve their compliance with regulations and risk management. S-Pro offers consultations to help fintech companies understand the restrictions and conditions in the financial industry.
Security of your business
IP rights
Intellectual Property over the technology and code should be transferred to your company. It needs to be stated in a contract. Always check the contract and make sure IP rights are transferred to you.
NDA
NDA is a basic measure of protecting your intellectual property. A non-disclosure agreement is signed to establish confidentiality. It creates a legal framework for protection ideas and information.
There are also other measures of protecting IP rights, like non-compete agreements, non-binding letters of intent, or regulations around data access, server access, and API access.
Top fintech software development companies for legacy system modernization
The companies listed below specialize in modernizing legacy fintech systems:
- Brainhub
- Future Processing
- Diceus
- DataArt
Top financial software development companies - areas of expertise
Types of fintech software development services
Custom fintech software - custom software development for the fintech industry includes solutions for banking, insurance, lending, billing, investing, or wealth management. Various solutions for web and mobile platforms improve user engagement and real-time data interaction.
<span class="colorbox1" fs-test-element="box1">Providers: 10Clouds, Brainhub, Dataart, Diceus, KindGeek, Miquido, Netguru, S-Pro</span>
Digital banking - secure and consumer-friendly banking applications improve customer experience, customer service, and make operation smoother.
<span class="colorbox1" fs-test-element="box1">Providers: 10Clouds, DataArt, Diceus, KindGeek, Netguru, Miquido, S-Pro</span>
Expense management software - smart applications for personal finances help users manage their savings and investments, and plan their budgets.
<span class="colorbox1" fs-test-element="box1">Providers: Brainhub, Netguru, S-Pro</span>
Fintech UX/UI design - user experience cannot be underestimated in fintech software. Users expect fintech applications to be pleasant to use, accessible, to solve their problems, and make it easier to reach their goals. Thoughtful UX design drives excellent customer experience.
<span class="colorbox1" fs-test-element="box1">Providers: Brainhub, Netguru</span>
Fintech mobile apps - various products from innovations for startups to financial management apps and digital banking solutions.
<span class="colorbox1" fs-test-element="box1"> Providers: 10Clouds, Brainhub, Diceus, KindGeek, Miquido, S-Pro</span>
Insurtech software - digital products developed to increase the efficiency of insurance companies. Insurtech solutions are used by insurance agencies or brokers to improve their operations, increase customer engagement, and improve billing efficiency.
<span class="colorbox1" fs-test-element="box1">Providers: DataArt, Diceus, KindGeek, Miquido, S-Pro</span>
Lending software - applications facilitate fast loan approval and online verification. The loan decision process can be automated and user-friendly.
<span class="colorbox1" fs-test-element="box1">Providers: Diceus, Miquido, S-Pro</span>
Mobile banking software - mobile applications allow customers to access their banking accounts on their mobile phones. Users can, for example, make real-time payments, pay bills, or monitor their accounts.
<span class="colorbox1" fs-test-element="box1">Providers: 10Clouds, DataArt, Diceus, KindGeek, Netguru, Miquido, S-Pro</span>
Online banking software - online banking allows customers to manage their accounts online, without the need to visit banks. Online banking evolved over recent years, introducing solutions like voice assistants, and seriously improving security.
<span class="colorbox1" fs-test-element="box1">Providers: 10Clouds, DataArt, Diceus, KindGeek, Netguru, Miquido, S-Pro</span>
Payment solutions - applying payment solutions to apps includes developing custom payment gateways or configuring ready-made ones.
<span class="colorbox1" fs-test-element="box1">Providers: Diceus, KindGeek, Netguru</span>
Payment systems and payment processing software - systems help to improve the security and transparency of payments. Solutions allow receiving and sending payments automatically.
<span class="colorbox1" fs-test-element="box1">Providers: Diceus, KindGeek, Netguru</span>
Robotic Process Automation - RPA bots take over the financial processes to enhance the productivity of employees.
<span class="colorbox1" fs-test-element="box1">Providers: Diceus</span>
Wealthtech software - digital solutions that transform the investment and asset management industry. Robo advisors, micro-investments, and digital brokers are often used here.
<span class="colorbox1" fs-test-element="box1">Providers: Brainhub, Netguru</span>
How to choose the best fintech software development company [checklist]
- Establish your needs: do you search for any specific skills? What do you expect from a future partner in terms of collaboration?
- Check out their expertise in the fintech domain - do they have knowledge in areas similar to your project?
- Go through their experience and portfolio looking for fintech projects.
- Check their tech skills, having your needs in mind (tech stack, particular technologies, or skills).
- Is the team able to answer your demands in terms of the number of developers?
- Check how they organize and manage projects - are there specialists on board (scrum masters, project managers, delivery managers)?
- Check out how they compose teams - maybe you can expect a tech advisor or business analyst to enrich the team.
- Check their approach to testing - are tests an integral part of the software development life cycle?
- How quickly can they form a team and make an actual impact? Will formalities take months? Maybe they can offer you something for now, like workshops?
- Are they attentive to cybersecurity and have prevention processes?
- Do they challenge your vision or just nod their heads? Do they ask questions? Do they have good ideas to improve your product?
- Are they willing to share knowledge with your team?
- What’s their culture? Do they form close partnerships with clients and aren’t afraid to take responsibility?
- You should own the source code.
- They should be willing to sign an NDA if you need one.
<span class="colorbox1" fs-test-element="box1"><p>Here’s an easy first step to help you start looking on the spot:</p><p>Five big fintech projects delivered in 2021. Strong preventive processes in place. The team who cares. Don’t look further. Let’s chat right away.</p></span>
FAQ - Dispelling doubts about financial software development
What is fintech software?
The term fintech is short for Financial Technology. It includes applications and software built for various financial institutions and companies. It helps to better manage the operations and processes of companies, and improve customer experience, responding to the demands of a modern user. Among fintech software, we have online banking, mobile banking, online lending, personal finance management apps, or crypto wallets. The goals of fintech are to make financial operations more secure, efficient, accessible, and pleasant for the users.
What technologies are used in fintech development?
Fintech apps can be developed using various technologies, like JavaScript, Python, Java, PHP. The choice of languages and frameworks should be adjusted to a particular project’s needs, and in the case of fintech apps, a development team needs to put much effort into security and performance. Besides that, to add an extra layer of security or innovation into fintech apps, developers use artificial intelligence, blockchain, big data, or robotic process automation.
What is the future of fintech?
The future of fintech will most likely be tied with blockchain technology since it improves the security level of apps and platforms. Cryptocurrencies, Robo advisors, neobanks - they attract the interest of investors and, as McKinsey report says, along with IoT, cloud computing, no-code, SaaS, and AI will continue to shape the future of fintech in the next 10 years.
What does a fintech software developer do?
A financial software developer focuses on building various software solutions for financial institutions like banks or insurance companies, fintech companies and startups, as well as financial solutions for corporations. A fintech software developer should communicate well with the design team because customer experience is extremely important in the case of innovative fintech products. A good fintech engineer should also understand the business side of projects well, have strong cybersecurity-related skills, and know how to improve the performance of an app.
What is the number 1 fintech company?
In 2021, Stripe was the number 1 fintech company from the USA, with a $95 billion valuation. Klarna, a “buy now, pay later” trailblazer was the second, and Kraken, the largest cryptocurrency exchange by transaction volume in Europe, the third. Among the top fintech companies are also Visa (US), Mastercard (US), and Ant Financial (China).
Which fintech company is fastest growing?
According to the FinTech magazine, in 2022 we should watch BlockFi, a US-based company that specializes in crypto-asset lending. The company secured $850 of new funding last year. Sifted.eu, a Financial Times-backed startup that explores the European startup market, mentions Juni, a Swedish neobank built for e-commerce merchants.
How this toplist was created?
To select top financial software development companies worldwide, we’ve analyzed their websites, pages on ranking portals, reviews, testimonials, and content they produce.
Companies listed here:
- Have proven experience in at least one type of fintech software.
- Gathered at least 20 positive client reviews (on Clutch and other sources) and testimonials.
- Proven their serious approach to cybersecurity (in previous projects and/or by sharing knowledge).
- Proven their expertise in fintech (they have fintech experts on board, share knowledge, provide consulting).
- Have skills needed to deliver various fintech solutions.
Next steps
You can proceed with your research by going through other rankings or contacting companies that caught your attention right away.
Remember to check the details about their portfolio and talk to previous fintech clients. Pay attention to cultural fit and the natural flow between you and a vendor.
After choosing a partner, make sure you will be the owner of the source code and establish clear rules of collaboration.
Good luck!
<span class="colorbox1" fs-test-element="box1"><p>Look no further!</p><p>Chat about your fintech project with our advisors. Let’s find out if we’re a match, no strings attached.</p></span>