Quick Summary:
Here's a list of handpicked Fintech software development companies with all-purpose details like previous projects, expertise, and skill set to help you compare and find the right vendor. This blog is based on screening hundreds of companies and analyzing thousands of reviews on reputed B2B and B2C portals.
Today, Fintech software development is not just about banks and financial institutions; it’s even used in other domains like education, retail banking, non-profitable organizations, and more to add to the list. In fact, it’s predicted that the global fintech market will see incremental growth by $277.22 billion from 2022 to 2027.
Exciting, right?
To make sure you don’t miss on this bandwagon, here are some fintech software development companies that can quickly step into the project and impact its growth.
Their experience and expertise have helped them create digital solutions like payment processing software, mobile payments apps, payroll software, and many more to come.
Furthermore, these fintech software development companies can build software and apps for any platform. Plus, you can check their details to compare and find the ideal partner for your next fintech project.
However, before you inch ahead with the list of personal recommendations and choose an ideal partner, you should know what a fintech development company does and how you should choose one.
Recommended Read: Guide to Outsource Fintech Software Development
A Quick Rundown of Fintech Software Development Company
Fintech software development companies are known to offer enterprise software development to fintech companies for seamless growth. And, with businesses thinking of exploring their domain in this vertical, they need assistance from adroit fintech professionals who are ready to create something great that can benefit their business in numerous ways.
Fintech software provides services like payment processing, money transfer, crowdfunding, and more, making customers' day-to-day financial transactions much more effortless.
Many tech forerunners worldwide have already started utilizing these technologies to reap maximum benefits from them. The responsibilities of developers in the fintech development company include:
- Building and maintaining fintech sites and applications that are safe, efficient, and easy to use.
- Communicating with clients to understand their requirements and work on their feedback.
- Testing and removing bugs from the user interface
- Addressing any last-minute changes from the client.
Simply put, fintech development is all set to be indispensable in revolutionizing the tomorrow of modern-day financial transactions.
How to Choose the Right Fintech Software Company
An untold number of fintech solution providers offer an impressive array of choices. Though, most solution providers carry exceptional claims in their kitty and it looks up-and-coming, whom should you choose?
Here are some parameters to pay attention to, especially if you need to hire a team of experienced fintech developers.
Here’s all the relevant information to help you choose.
1. Team’s technical expertise
- Years of experience
Years of experience matter when you are looking to hire a company with proven fintech-related experience.
Companies with more market experience can be seasoned in processes and have a more significant scope of different skill sets. Besides, growing companies often carry a fresh perspective, must be opinionated, and can accelerate the process.
- Team size
Before kickstarting your project, bigger companies need to do a lot of formalities, which slows down the process and creates a risk of favoring more profitable projects.
Whereas smaller companies work to prove their expertise and skills, in which formalities can be skipped. Plus, they build teams with a more personalized approach.
2. Cooperation aspect
- The willingness to share knowledge
A dedicated team with a substantial consultancy attitude will not only share knowledge once but also do it spontaneously throughout the process. Moreover, they will advise some areas of improvement and specific skills your team could learn.
- DevOps culture
Working in a DevOps culture means cooperating without a knowledge hub.
Companies and teams that work in synchronization with DevOps culture are open to sharing knowledge that is sheer Gold, which helps improve your process significantly.
- Ownership attitude
A dynamic ownership attitude of the team prevents the need to babysit your external time and allows them to accept challenges and responsibilities. The ownership eclipses more transparency and better interactions.
- Readiness to sink into your team
A true partnership between your team and the vendor’s team means that traditional outsourcing makes it easier to achieve joint business goals. Also, it increases productivity.
3. Adding value to your product
- Business-success approach
A solution provider well-versed in business, not just technology, will make smarter decisions, prioritize more precisely, and deliver a better product.
A promising sign to check is whether your potential fintech development partner will challenge your vision and propose a better solution from a business perspective.
- Time to impact
Time to impact outlines the fact of how fast a company can make an influence on your project. It depends on how your potential partner organizes resources and additional products they provide.
List of Top 10 Fintech Software Development Companies in 2023
- Your Team In India
- Signity Solutions
- Konstant Infosolutions
- BairesDev
- Experion Technologies
- Clarion Technologies
- Itexus
- Miquido
- Upplabs
- Eleks
1. Your Team In India
- Founded: 2008
- Employees: 200+
- Location: United States, India
- Average Hourly Rate: < $25 /hr
- Notable Clients: Samsung, SONY, Vodafone, Ericsson, PWC.
- Industries: FinTech, Health & Fitness, Lifestyle, Media & Entertainment, etc.
- Good Firms Rating: 5.0
Your Team In India, popularly known as YTII, is the epitome of offshore IT services for startups and SMBs worldwide. Their developers are known to implement the latest technologies that empower financial operations catering to specific business goals. Moreover, their unparalleled experience in fintech software development is an ideal choice for industry-oriented demands regardless of their business nature and size.
Service Line - Offshore development services, app development, cross-platform app development, MVP development, product enhancement service, technology migration, PWA (Progressive Web Apps).
2. Signity Solutions
- Founded: 2009
- Employees: 150-200
- Location: USA and India
- Average Hourly Rate: <25$/hr
- Notable Clients: Samsung, Sacred Rides, The Cash Back App
- Industries Served: Media and Entertainment, Lifestyle, Health, and Fitness, etc
- Good Firms Rating: 5.0
- Clutch Rating: 5.0
Signity is the one that has taken the custom software development world by storm since 2009. Home to seasoned and savvy engineers, the company offers scalable Fintech development solutions to startups and growing businesses across the globe. Plus, they spearhead web, mobile, and enterprise development as the key contributors driving the technology revolution in the financial services industry.
Service Line - Robotics Process Automation, Testing automation, Marketing automation, AWS development services, AWS cloud architecture services, DevOps, Enterprise software development
Recommended Read: 9 Reasons Why Custom Software Is Best For FinTech Industry
3. Konstant Infosolutions
- Founded: 2003
- Employees: 51 - 200
- Location: California
- Average Hourly Rate: <25$/hr
- Notable Clients: Del Monte, Volkswagen
- Industries: Real estate and property, Banking finance and insurance, Education, and eLearning
- Good Firms Rating: 4.9
Konstant Infosolutions is a name known to address the challenges in the banking, finance, and insurance segments with an array of new-age IT solutions for businesses of varying natures and sizes. Their team is well-versed in emerging technologies and offers client-centric innovative mobile and web solutions.
Service Line - Cross-platform app development, NFT development, IoT development, Mobile app development, UI and UX designing
4. BairesDev
- Founded: 2009
- Employees: 50-249
- Location: San Francisco
- Average Hourly Rate: $50-$99/hr
- Notable Clients: Rauxa, NextRoll
- Industries: Inventory, Healthcare, Real Estate, Finance, and Insurance
- Good Firms Rating: 5.0
BairesDev is among the leading companies to offer designing, architecting and delivering bespoke technology solutions. Plus, they offer IT Staffing needs to cater to unique business needs. Their end-to-end solutions have enabled digital solutions for numerous clients globally.
Service Line - Staff augmentation, Software outsourcing
5. Experion Technologies
- Founded: 2006
- Employees: 250-999
- Location: Plano
- Average Hourly Rate: $25-$49/hr
- Notable Clients: German startup, Global retail ISV
- Industries: Transportation, Healthcare, Financial Services, Insurance, Retail
- Good Firms Rating: 5.0
Experion Technologies designs and develops custom software products and solutions for enterprises, startups and ISVs dwelling in the finance, transportation, retail and healthcare industries. Their services vary from product engineering to digital transformation, catering to a behemoth clientele base.
Service Line - Digital platform engineering, Enterprise software development, Product engineering,
6. Clarion Technologies
- Founded: 2000
- Employees: 100-150
- Location: India
- Average Hourly Rate: $25-$49/hr
- Notable Clients: Redline, Financial Driver, GoldenComm,
- Industries: Healthcare and Medical, Travel and Lifestyle, Information Technology
- Good Firms Rating: 4.4
Clarion Technologies is a well-crafted name for outsourcing development tasks. They help clients hire adroit technology like front-end, PHP, .net, mobile, and web app development. All in-house developers are experienced, skilled, and vetted to develop FinTech solutions tailored to clients' needs.
Service Line - Front-end and Backend development, DevOps, Cross-platform app development, Web app development, Cloud strategy and development
7. Itexus
- Founded: 2013
- Employees: 101-500
- Location: Delaware
- Average Hourly Rate: $25-$49/hr
- Notable Clients: Mc. Donald’s, Chick-Fil-A, Mango Connects
- Industries: Insurance, Banking, Financial, and Payments
- Good Firms Rating: 4.4
Itexus solely focuses on addressing companies that dwell in the financial domain. This USP of Itexus has helped startups and established FinTech enterprises develop digitized financial solutions in an affordable and agile approach.
From ideation to UI/UX mock-up to deployment, you can rely on their experienced developers to stay with you throughout development.
Service Line - Mobile app development, Software development, FinTech app development, DevOps, Bank process automation
8. Miquido
- Founded: 2011
- Employees: 101-500
- Location: Krakow
- Average Hourly Rate: $50-$99/hr
- Notable Clients: Aviva, Hello Fresh, Skyscanner, BNP PARIBAS
- Industries: Finance, Healthcare, Art and Entertainment, Retail
- Good Firms Rating: 4.9
Miquido is another name in the list of top Fintech software development companies that embodies excellence when it funnels down to FinTech software development. Besides, they help with strategies driven by informed market research and business intelligence services.
They are known to create tailor-made mobile and web apps. In addition, they put AI technology to automate processes and accelerate FinTech software development.
Service Line - Web and software solutions, Big data analytics, Mobile app development, Product designs
9. Upplabs
- Founded: 2014
- Employees: 11-50
- Location: Harrisburg Pennsylvania
- Average Hourly Rate: $25-$49/hr
- Notable Clients: Recap Investing, Wellbit, List Asst, LimeHome
- Industries: Ecommerce, Financial and Payments, Healthcare and Medical
- Good Firms Rating: 4.7
Upplabs is home to skilled developers specializing in designing and deploying mobile and web applications. They are known to help many enterprise financial companies bridge the gaps in their customer service with intelligently engineered financial products.
Their professionals have been behind several monetary and online trading platforms.
Service Line - Web and mobile app development, Payment System Integration, AI-Based FinTech solutions, Money transaction platform development, Online trading platform development.
10. Eleks
- Founded: 1991
- Employees: 1000+
- Location: UAE
- Average Hourly Rate: $50-$99/hr
- Notable Clients: Aramex, Blackboard, IMERYS, Technip FMC
- Industries: Agriculture, Logistic, FinTech, Energy, Automotive, Healthcare,
- Good Firms Rating: 4.8
Eleks is synonymous with fintech software development companies catering to a wider spectrum of industries alongside FinTech. This is a considerable choice to build FinTech solutions from scratch or onboard an existing project to re-engineer and improve efficiency.
Service Line - Cyber security, Data strategy, Product and service design, Cloud migration, Enterprise applications.
Finally…
Today’s businesses need to understand that customers have long moved away from the clutches of a conventional financial system. Instead, they yearn for the convenience and agility financial software solutions offer.
Simply put, digital transformations in the financial sector are critical for an enterprise financial firm to thrive in bottleneck competition.
This is what makes finTech software development companies important today.
So, if you wish to capitalize on this fervor, then without any second thought, contact any of the FinTech solution companies listed above.
Good Luck!
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