Best FinTech Software Developers

Companies
Rankings updated: March 19, 2024
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  • Yalantis

    Verified
    Trusted software engineering and IT consulting company
    We deliver cutting-edge, scalable, and fully functional software products and ecosystems that help clients achieve their specific objectives.
    Warsaw, Poland
    500 - 999 $45/hr $25,000 - $50,000
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  • Admios

    Verified
    Nearshore Software Development Services
    Need devs but in a hiring freeze? Continue to build and increase productivity with our nearshore software development resources. We provides highly skilled, team-based resources to companies that need [...]
    San Francisco, California
    50 - 99 $55/hr $25,000 - $50,000
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  • Trango Tech

    Verified
    Driving Change Through Technology - Apps, Ecommerce, Staff Aug, BPO, Next Gen Tech and more!
    We are the nerds that every company wants in their tech division; experience, innovative and imaginative to the core!With more than 200 innovative software products and solution delivered, Trango [...]
    San Jose, California
    100 - 249 $25/hr $1,000 - $10,000
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  • ELEKS

    Verified
    ELEKS, a trusted partner for guaranteed software engineering excellence, quality, and transparency.
    ELEKS is the partner of choice for many leading enterprises, SMEs and technology challengers. We help businesses elevate their value through custom software development, product design, QA and consult [...]
    Chicago, Illinois
    1000 & Up $50/hr $25,000 - $50,000
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  • EffectiveSoft

    Verified
    You have challenges. We have solutions.
    At EffectiveSoft, we help forward-thinking companies transform vision into reality through innovation and technology. Our nearshore and offshore custom software development solutions include cloud mig [...]
    San Diego, California
    250 - 499 $50/hr $25,000 - $50,000
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  • Unified Infotech

    Verified
    Empowering Your Digital Journey, One Innovation at a Time.
    Unified Infotech Inc is a distinguished boutique full-service digital agency with over 13+ years of expertise in delivering end-to-end solutions for web, mobile, and custom software needs. Our extensi [...]
    New York City, New York
    100 - 249 $50/hr $10,000 - $25,000
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  • ScienceSoft

    Verified
    Healthcare Software from ISO 13485-Certified Vendor
    In healthcare software development for 18 years. Core features in 2-6 months, compliant with HIPAA, GDRP, FDA, and MDR. Their 150+ healthcare customers report 95% CSAT, 90+% diagnostic accuracy, $7M y [...]
    McKinney, Texas
    500 - 999 $50/hr Inquire
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  • Kanda Software

    Verified
    A Reliable Full-Service Software Development, Cloud, DevOps and QA partner
    Leveraging 30 years of excellence designing, developing, deploying and supporting world-class software solutions, Kanda Software has established itself as a trusted Software Development, Cloud Enginee [...]
    Boston, Massachusetts
    500 - 999 $50/hr $50,000 & Up
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  • Diffco

    Verified
    Reliable mobile&web development partner
    Diffco is a Silicon Valley-based development company specializing in providing businesses with teams of senior developers to drive their success in the market.
    Sunnyvale, California
    Under 49 $85/hr $50,000 & Up
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  • Itransition

    Verified
    Turning software ideas into reality
    Itransition specializes in assisting startups and medium to large scale businesses with their software solution needs. Our range of services encompasses the entire development lifecycle, from initial [...]
    Lakewood, Colorado
    1000 & Up $40/hr $50,000 & Up
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  • Dashdevs

    A client-focused approach to success!
    DashDevs is a software engineering provider specializing in Fintech software development and digital transformation. They have an extensive team of over 200 experts with 12+ years of industry experien [...]
    Wilmington, Delaware
    100 - 249 $80/hr $10,000 - $25,000
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  • Verified
    IT and Web development partner you can trust!
    DigiPrima Technologies, a prominent Fintech software development company based in the USA, is dedicated to delivering cutting-edge solutions and services in the technology domain.
    New York City, New York
    100 - 249 $20/hr Under $1,000
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  • MobiDev

    Verified
    Promising the exposure you deserve!
    MobiDev specializes in custom software development and fintech software development, providing services in Artificial Intelligence, Machine Learning, Augmented Reality, Internet of Things, Mobile App [...]
    Norcross, Georgia
    250 - 499 $45/hr $25,000 - $50,000
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  • DeepInspire

    Verified
    Custom Fintech software development!
    DeepInspire is a boutique software development company with a focus on fintech software development, offering services such as IT consulting, technical due diligence, digital transformation, product d [...]
    Lviv, Ukraine
    Under 49 $60/hr $1,000 - $10,000
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  • RNDpoint

    Developing software for Tech and FinTech
    RNDpoint is a global software solutions provider specializing in FinTech software development, AI, and software development productivity.
    London, United Kingdom
    250 - 499 $49/hr $25,000 - $50,000
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  • Glorium Technologies

    Verified
    Your Idea. Our Innovation and Engineering
    Glorium Technologies specializes in tech consulting and engineering for Healthcare and Real Estate. We offer comprehensive software development services, from planning to maintenance. Our mission is t [...]
    Princeton, New Jersey
    250 - 499 $50/hr $25,000 - $50,000
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  • Verified
    Get what matters!
    Suffescom is a leading mobile app development company offering top-notch solutions across diverse industries.
    Los Angeles, California
    250 - 499 Inquire $10,000 - $25,000
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  • DevsData Tech Talent

    Verified
    Premium Software Development & Tech Recruitment Services
    IT managed services, offshore team in Poland , Romania , and LATAM , highly-technological clients with ultra high satisfaction
    New York City, New York
    Under 49 $55/hr Inquire
    VISIT WEBSITE
  • Phenomenon Studio

    Verified
    Full service studio for both startups and established businesses
    Phenomenon is an international full-cycle product development company focused on building products that matter. Phenomenon has grown into a top-rated international agency with offices in Poland, Eston [...]
    Wroclaw, Poland
    50 - 99 $55/hr Inquire
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  • AppsChopper

    Verified
    Ideas Delivered
    AppsChopper develops market-winning apps by bringing your distinctive vision to fruition. Our digital solutions combine personalized technology with your company's character, increasing the value of y [...]
    New York City, New York
    100 - 249 $55/hr $25,000 - $50,000
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  • Essential Designs

    Verified
    Software Application Developers for Web, Mobile and Desktop
    Essential Designs is a team of custom application developers based ion Canada. We specialize in custom software and app development. Save 35% on your project with the Canadian Dollar!
    Vancouver, Canada
    50 - 99 $50/hr $25,000 - $50,000
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  • HDWEBSOFT

    Verified
    Bring your vision to life
    HDWEBSOFT is a leading software outsourcing company in Vietnam, known for its high-quality services, affordable pricing, and reliable team. With over 250 experienced engineers and a decade of expertis [...]
    Ho Chi Minh, Vietnam
    250 - 499 $35/hr $10,000 - $25,000
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  • LinkUp Studio

    Verified
    Get business-driven web & mobile apps with end-to-end support and expert guidance
    Product-driven software development & design company delivering high-quality web&mobile digital products for startups and small & medium businesses.International award-winning agency:- TOP 20 De [...]
    New York City, New York
    50 - 99 $60/hr $10,000 - $25,000
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  • Instinctools

    Verified
    Dedicated Software Development Teams
    *instinctools is a software product development company providing a cross-functional global delivery model which reduces development costs while increasing speed to market.
    Potomac, Maryland
    250 - 499 $40/hr $10,000 - $25,000
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  • Cubix

    Verified
    Building Custom Software and Mobile App Solutions Since 2008
    Cubix is the preferred partner for Fortune 500 companies, SMEs, and enterprises. We help businesses innovate, transform, and scale through cutting-edge mobile app, and custom software solutions.
    West Palm Beach, Florida
    250 - 499 $49/hr $25,000 - $50,000
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  • Plego Technologies

    Verified
    Shaping the Future of Technology
    Plego Technologies is an organization that offers customised services. Our areas of expertise include software development services, the creation of bespoke web applications as well as their design, w [...]
    Downers Grove, Illinois
    Under 49 $95/hr $1,000 - $10,000
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  • Sparx IT

    Verified
    Leading Website and Mobile App Development Company
    SparxIT is a 16 years plus top-tier app & web development company specializing in innovative digital solutions for global clients. We transform unique ideas into successful products that cater to your [...]
    New York City, New York
    100 - 249 $25/hr $1,000 - $10,000
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  • Fullestop

    Verified
    Delivering On Promises
    We have been around for the last 22 years offering Custom Mobile App Development , Enterprise Web Solutions, Design thinking approach towards any project , and Custom Software development services. [...]
    Jersey City, New Jersey
    100 - 249 $25/hr $10,000 - $25,000
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  • Snotor

    Verified
    Delivering results. Efficiently and effectively
    Snotor creates Web and Mobile software that helps you enhance the value of your business, reach your strategic goals, and win the market. With 15 years of experience and 400+ projects delivered we hav [...]
    Riga, Latvia
    50 - 99 $40/hr $10,000 - $25,000
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  • BairesDev

    Verified
    Nearshore Software Development & Staff Augmentation Partner Trusted by Startups and Fortune 500
    Accelerate your tech projects with our vetted nearshore tech talent. Access 4,000+ software developers experienced in 100+ technologies. We've delivered 1,200+ projects for 500+ clients, earning us a [...]
    San Francisco, California
    1000 & Up $50/hr $50,000 & Up
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  • Softermii

    Verified
    Succeed Without (L) imitations
    Softermii (https://www.softermii.com/) is an outsourcing/outstaffing company with more than 8 years of experience in web and mobile application development with a team of more than 120 specialists fro [...]
    Los Angeles, California
    100 - 249 $45/hr $25,000 - $50,000
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  • S-PRO

    Verified
    Long-Term Web & Software Development Partner
    S-PRO is a software development company and IT consultant partner with 250+ developers and 8+ years of experience. We provide web & mobile development services for startups and scale-ups aspiring [...]
    Berlin, Germany
    250 - 499 $50/hr $25,000 - $50,000
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  • Verified
    Offshore Development Center: Your Gateway to Global Talent
    Our Offshore Development Center offers small and medium US businesses access to a diverse talent pool through our development centers in Poland, Portugal, Ukraine, and the Philippines. Leverage global [...]
    New York City, New York
    250 - 499 $50/hr $1,000 - $10,000
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  • AddWebSolution

    Verified
    Let's Talk Solution
    AddWeb Solution is a leading IT development, consulting, training and outsourcing company headquartered in Ahmedabad.
    Glen Allen, Virginia
    100 - 249 $25/hr $1,000 - $10,000
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  • Tech Gropse

    Verified
    Developing Masterpieces From Concept To Creation
    Passionate about crafting innovative digital solutions, TechGropse is a leading technology firm that specializes in mobile app development, web development, and emerging technologies. Our commitment t [...]
    Decatur, Georgia
    100 - 249 $25/hr $10,000 - $25,000
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  • Verified
    Where Innovation Meets App-solute Success
    Konstant Infosolutions is a leading digital innovation and mobile app development company, offering top-notch solutions across diverse industries. With expertise in healthcare, on-demand services, rea [...]
    New York City, New York
    100 - 249 $25/hr $10,000 - $25,000
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  • CraftedQ

    Verified
    Top 1% Software Development Company Trusted By Fortune 500
    CraftedQ is a one-stop shop for all your digital needs. Our team of 300+ experts in full-stack development, DevOps, cloud architecture, product development, digital consulting, UI/UX design and projec [...]
    Houston, Texas
    250 - 499 $25/hr $25,000 - $50,000
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  • BlueLabel

    Verified
    A highly recommended mobile app development company
    Blue Label Labs is a premier digital product agency, providing a comprehensive array of services to transform businesses in the digital realm. With a strong global presence, we specialize in mobile ap [...]
    New York City, New York
    100 - 249 Inquire $50,000 & Up
    VISIT WEBSITE
  • Kindgeek

    Verified
    In a world full of sunsets, we are the Northern light.
    Discover Kindgeek, the one-stop-shop product development partner. Trusted by 200+ companies, we empower finance businesses with digital innovation. From idea to execution, we lead fintech product jour [...]
    Lviv, Ukraine
    100 - 249 $40/hr $25,000 - $50,000
    VISIT WEBSITE
  • DigitalSuits

    Verified
    E-commerce Experts | Web Development, Shopify/ Shopify Plus
    DigitalSuits is a software development company with a focus on e-commerce and SaaS development.
    Miami, Florida
    50 - 99 $45/hr $10,000 - $25,000
    VISIT WEBSITE
  • Successive Digital

    Verified
    Digital Transformation Company - App & Web Development, Cloud, Consulting
    Embark on a journey of innovation and growth with Successive Technologies, a pioneering software development and eCommerce app development company committed to turning business ideas into thriving rea [...]
    Coppell, Texas
    500 - 999 $25/hr Inquire
    VISIT WEBSITE
  • Lionwood.software

    Verified
    Find perfect solution
    Lionwood.software was founded back in 2017 to unite talented people who are eager to invest their best efforts in their personal and professional growth. Being a hard-liner on website development and [...]
    Lviv, Ukraine
    50 - 99 $40/hr $25,000 - $50,000
    VISIT WEBSITE
  • Intetics

    Verified
    Materializing software project concepts!
    Intetics, established in 1995, is a prominent player in the IT software services domain. They offer a range of services, including Custom Software Development, Educational Software Development, Remote [...]
    Naples, Florida
    500 - 999 $50/hr $50,000 & Up
    VISIT WEBSITE
  • Tvisha Technologies

    Verified
    Mobile and software app development executed with perfection!
    TVISHA is a dynamic technology company that envisions and crafts innovative digital solutions. With an unwavering commitment to excellence, we stand as a trusted partner on the forefront of technologi [...]
    Edison, New Jersey
    100 - 249 $10/hr Inquire
    VISIT WEBSITE
  • LeverX

    Verified
    Innovate Today to Lead Tomorrow
    LeverX, an SAP Gold Partner, brings unparalleled expertise nurtured since 2004, delivering successful projects across manufacturing, automotive, and more.
    Miami, Florida
    1000 & Up $75/hr Inquire
    VISIT WEBSITE
  • Newwave Solutions

    Verified
    Top 10 software & blockchain development company in Vietnam
    Newwave Solutions is a top-notch IT outsourcing company with over 11+ years of experience and 300+ dedicated employees.
    Hanoi, Vietnam
    250 - 499 $13/hr $1,000 - $10,000
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  • Peiko

    Verified
    Technical partners | Full-service Web development | IT Outsourcing | Blockchain Development Company
    Peiko is a company that develops the most demanding and technically complex web projects, improving the quality of products for all major IT markets in the world. We have been helping companies and [...]
    London, United Kingdom
    50 - 99 $40/hr $25,000 - $50,000
    VISIT WEBSITE
  • Wanted for Nothing

    Verified
    DesignRush Design Award Winner
    Wanted for Nothing is a Top Rated Design Agency in Los Angeles
    WFN is an award-winning design agency headquartered in Los Angeles. We focus on strategies that create tangible results. Our team can cover full-cycle product delivery, including strategy, UX/UI desig [...]
    Los Angeles, California
    50 - 99 $95/hr Inquire
    VISIT WEBSITE
  • Light IT

    Verified
    Deep tech expertise for SME
    Light IT provides the following services on the global tech market:- consulting clients on IT products and services- custom product and software development- provision of resources at the clie [...]
    Rickmansworth, United Kingdom
    100 - 249 $35/hr $10,000 - $25,000
    VISIT WEBSITE
  • HatchWorks

    Verified
    Accelerate Project Outcomes, Cut Costs, All in Your Time Zone
    HatchWorks is your US-based Nearshore software development partner: Generative-Driven Development with the affordability and scale of Nearshore outsourcing, all in your time zone.
    Atlanta, Georgia
    100 - 249 $50/hr $10,000 - $25,000
    VISIT WEBSITE
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Fintech Software Development Company Hiring Guide

What is a fintech software development company?

A fintech software development company is a company that specializes in creating and implementing technology solutions primarily tailored for the financial services sector. Fintech (financial technology) companies develop innovative software products and applications to streamline, automate, and improve financial services and operations.  

Their services and products can cater to various aspects of the financial industry, including: 

  • Banking services: Digital solutions for mobile and online banking, and efficient banking operations. 
  • Payment solutions: Secure and convenient payment gateways, digital wallets, and peer-to-peer payment systems. 
  • Investment management: Platforms for wealth management, automated trading, and personalized investment advice. 
  • Insurance technology (Insurtech): Applications for claim processing, risk assessment, and policy management. 
  • Regulatory technology (Regtech): Solutions for compliance management, fraud detection, and anti-money laundering (AML) activities. 
  • Personal finance management: Tools for budgeting, personal finance tracking, and financial planning. 

Fintech software development companies often use cutting-edge technologies such as blockchain, artificial intelligence (AI), machine learning (ML), and big data analytics to improve the security, efficiency, and accessibility of financial services. They aim to support and innovate financial, educational, telecommunications, healthcare, and numerous other industries, offering more accessible, user-friendly, and cost-effective solutions. 

The fintech industry had a market value of $226.76 billion in 2023 and is expected to reach $917.17 billion by 2032, increasing at a CAGR of 16.8%. 

AltSource collaborated with Consumer Cellular, Inc. (CCI), a mobile virtual network operator, to modernize its billing platform, addressing the increased service demand. The project aimed to improve customer service with a user-friendly interface and diverse payment options. AltSource integrated the new billing platform with CCI’s phone systems, customer service, customer portal, mobile app, and external agencies, significantly streamlining the payment process. 

AltSource’s solution offered a range of payment methods, such as mobile payments, pay-by-phone, autopay, and eCheck payments, integrating essential systems into a unified operational framework. The implementation of this solution resulted in increased successful payments, reduced customer service involvement for failed payments, improved customer payment experience, and a stable and efficient revenue stream for CCI.  

What do fintech software engineers do?

Fintech software engineers design, develop, and maintain software solutions within the financial technology sector. They create innovative products and services that revolutionize how financial operations are conducted. 

The specific duties and responsibilities of fintech software engineers can vary widely but generally include the following: 

  • Software development: Writing clean, efficient, and well-documented code to develop robust and scalable financial software applications. Coding includes front-end development for user interfaces, back-end development for server-side logic, and full-stack development. 
  • System design and architecture: Designing the overall structure of fintech systems, ensuring that the architecture is secure, scalable, and capable of handling high-volume transactions and data processing. 
  • Financial model integration: Implementing complex financial models and algorithms into software solutions, which may involve working with predictive models, risk management tools, and pricing strategies. 
  • Security implementation: Ensuring the security of financial data by implementing advanced cybersecurity measures, encryption techniques, and compliance with regulatory standards like the Payment Card Industry Data Security Standard (PCI-DSS) for payment processing, General Data Protection Regulation (GDPR) for data protection, and others specific to the financial industry. 
  • Data management and analysis: Handling large volumes of financial data, ensuring data integrity, and using data analytics and ML techniques to derive insights, improve services, and make data-driven decisions. 
  • Troubleshooting and debugging: Identifying and fixing bugs or issues in the software, optimizing performance, and ensuring that applications run smoothly and efficiently. 
  • Staying updated with the newest trends and innovation: Fintech engineers often explore and adopt new technologies like blockchain, AI, and cloud computing to innovate and improve financial services. They also keep up to date with the latest technology trends, financial regulations, and best practices in software development. 
  • Collaboration and communication: Working closely with other developers, product managers, user experience and user interface (UX/UI) designers, and stakeholders to understand requirements, provide technical insights, and ensure the final product aligns with business goals and user needs. 

Trinetix addressed a challenge for a Big Four accounting firm, focusing on the manual and time-consuming aspects of data aggregation and analysis in the financial services sector. The objective was to create a comprehensive financial performance analytics platform, streamlining data aggregation with a real-time analytics view. Developed by Trinetix’s Experience Design team, the solution is a user-centric app that consolidates financial data from diverse sources, providing actionable insights to financial analysts. 

The platform, featuring a fully customizable dashboard, real-time stock analysis, and user-tailored views, significantly enhances situational awareness and decision-making efficiency. With an easy-to-learn interface and comprehensive features, it ensures an accelerated time-to-value, reducing the need for extensive training. Minimizing time spent on routine tasks, the platform is designed for accessibility from any device, empowering finance teams to stay informed and responsive regardless of their location. 

What kind of software is used in fintech?

Software used in fintech encompasses banking platforms, crowdfunding tools, cryptocurrency solutions, and numerous others, each serving different facets of financial operations. These software solutions enhance, automate, and innovate traditional financial services, making them more accessible, secure, and efficient.  

The types of fintech software include, but are not limited to: 

  • Payment gateways and digital wallets: Facilitate secure and convenient transactions online, allowing users to send, receive, and manage money digitally. 
  • Banking software: Solutions for online banking, mobile banking apps, and banking operations management, offering features like account management, fund transfer, and customer service. 
  • Crowdfunding platforms: Enable individuals or businesses to fund projects or ventures by raising small amounts of money from a large number of people, typically via the internet. 
  • Cryptocurrency and blockchain solutions: Include cryptocurrency exchanges, wallets, and blockchain-based financial services. 
  • Insurtech platforms: Innovate the insurance sector with digital insurance services, claim processing, and policy management. 
  • Regtech solutions: Help financial institutions comply with regulations efficiently and cost-effectively, including compliance reporting, risk management, and fraud prevention systems. 
  • Robo-advisors and wealth management tools: Provide automated, algorithm-driven financial planning services with little to no human supervision. 
  • Lending platforms: Include peer-to-peer (P2P) lending platforms and services that provide loans or investment opportunities. 
  • Accounting systems: Including core accounting software, payroll software, billing and invoicing software, and enterprise resource planning (ERP) systems. 
  • Insurance and pensions: Software that manages insurance processes and pension calculations. 
  • Tax management software: Automating tax calculation, submission, and management processes. 
  • Investment apps: Tools for managing investments, tracking performance, and making trades. 
  • Personal finance apps: Helping individuals manage their finances, budget, and plan expenses. 

Fintech software works by integrating modern technology into financial services, providing a seamless, efficient, and user-friendly experience. It processes and manages data, integrates with existing financial systems, and ensures security and regulatory compliance, allowing users to efficiently perform financial activities online. 

Technologies used in fintech development include: 

  • Blockchain: For secure, transparent, and decentralized financial transactions, especially in cryptocurrency and smart contracts. 
  • AI and ML: For predictive analytics, personalized financial advice, fraud detection, and automation of complex tasks. 
  • Big data analytics: Helps process large volumes of data for better decision-making, risk management, and customer insights. 
  • Cloud computing: Provides scalable and flexible infrastructure for fintech applications, enhancing accessibility and cost-effectiveness. 
  • Cybersecurity technologies: Include encryption, biometric data, and secure access protocols to protect against cyber threats and ensure data privacy. 
  • APIs (Application Programming Interfaces): Enable integration with other financial systems and services, facilitating a more interconnected financial ecosystem. 

Which businesses need fintech software development services?

Although often associated with the banking and financial sector, a wide range of businesses use fintech software to streamline their operations, improve customer experience, and ensure regulatory compliance. 

Here are some industries and types of businesses that typically require fintech services: 

  • Banks and financial institutions: For digital banking solutions, risk management, transaction processing, and to innovate their existing services. 
  • Insurance companies: To automate claims processing, policy management, and customer service and to provide personalized insurance solutions. 
  • Investment firms and brokerages: For portfolio management, robo-advising, algorithmic trading, and real-time market insights. 
  • Payment processors and gateways: To facilitate secure, fast, and convenient payment transactions across different currencies and platforms. 
  • Credit unions: To improve member services, manage assets, and enhance loan processing efficiency. 
  • Regulatory bodies: For compliance management, fraud detection, and ensuring financial regulations and standards adherence. 
  • Crowdfunding platforms and P2P lending: To manage campaigns, process payments, and provide a platform for investors and borrowers to connect. 
  • SMEs and enterprises: For managing payroll, invoicing, and expenses, and ensuring better control and insight into finances. 
  • Retail and eCommerce: For integrating secure payment systems, managing transactions, and providing customer finance options like buy-now-pay-later. 
  • Real estate: To streamline transactions, manage property investments, and integrate blockchain for secure and transparent dealings. 
  • Healthcare: For managing patient billing, insurance claims, and offering flexible payment solutions. 

Regardless of your industry sector, fintech software development services can enhance your operations and boost productivity.  

Why should you hire fintech software developers?

You should hire fintech software developers to leverage their specialized expertise in creating secure, innovative, and user-centric financial solutions that enhance your operations, ensure regulatory compliance, and drive business growth. Their solutions can improve client engagement and propel your business forward. 

Hiring professional fintech software developers offers the following advantages: 

  • Enhanced payment systems: Streamlined and efficient payment solutions simplify transactions, allowing for accurate and prompt invoicing and payment processing.  
  • Advanced security: Fintech software developers are well-versed in the latest security protocols, ensuring your business data and client information remain protected against cyber threats. Data security in fintech is the most pressing concern for 70% of banks since up to 98% of global financial startups are exposed to cyberattacks. In 2021, more than 92% of cyberattack victims were from the fintech applications market.
  • Regulatory compliance: Professional fintech developers effortlessly navigate complex financial regulations, ensuring your software complies with industry standards and legal requirements, thereby mitigating risks and avoiding potential fines. 
  • Rapid approval rates: Professional fintech solutions expedite application processing, significantly reducing approval times, often within 24 hours. 
  • Elevated customer experience: Fintech enables seamless access to financial services, allowing clients to interact with your business effortlessly, fostering loyalty, and enhancing overall satisfaction.  
  • Personalized financial advice: Cutting-edge fintech software provides tailored advice, offering valuable insights into investments and financial health, thereby nurturing trust and client contentment. 
  • Scalability and flexibility: Fintech solutions are designed to grow with your business, easily adapting to increased transaction volumes or expanding service offerings without compromising performance or security. 
  • Cost efficiency: By outsourcing to fintech developers, you can avoid the overhead costs associated with an in-house development team, such as recruitment, training, salaries, and benefits, while still obtaining high-quality, specialized services. Professionals can implement advanced technologies like blockchain in the fintech sector, which can lower expenses by 50%

Furthermore, fintech software development services position businesses for growth and competitive advantage by: 

  • Boosting employee productivity: Empowering your team to manage clients more efficiently drives operational excellence. 
  • Cultivating client loyalty: Delivering user-friendly services that meet and exceed client expectations, ensuring sustained business relationships.  

Online investment and market research tool provider, TradeSmith, partnered with Itransition to develop an advanced investment portfolio management platform. The project aimed to attract 20,000 active users to solidify TradeSmith’s market position. The collaboration extended to create a comprehensive ecosystem, including a desktop tool for financial statistics, a mobile app for investment management, and a web portal for cryptocurrency management.  

Itransition’s solution is an integrated suite of web, desktop, and mobile apps processing global stock trading data, and supporting major brokerage services. The ecosystem features tools for tracking, analyzing, and managing investments, and a proprietary API for streamlined integration with third-party data providers. The core product, TradeStops, attracted over 30,000 active users, managing portfolios worth over $20 billion. Post-launch, Itransition continued enhancing the platform and introduced additional financial monitoring tools, ensuring the ecosystem’s relevance and efficiency. 

How do fintech software development companies charge for their services?

Fintech software development companies typically charge for their services based on an hourly rate, monthly rate, fixed price, or through a hybrid hiring model: 

  • Hourly rate: Client pays based on the number of hours worked on the project.  
  • Monthly rate: Client pays a fixed monthly fee for the development. 
  • Fixed price: Client pays a fixed amount for the fintech software project, regardless of how many hours or resources are required.  
  • Hybrid model: Client and the development team agree on the scope of the project, the deliverables, and the budget, but also leave some room for flexibility. 

Fintech software development costs between $30,000 and $300,000. However, the required budget varies significantly based on several factors, and there’s no one-size-fits-all cost.  

Key factors influencing the pricing include: 

  • App complexity and type: The cost of a basic fintech application starts at around $30,000, but more complex applications, such as advanced banking apps or those integrating cutting-edge technologies, can require a longer development period and be much more expensive: 
    • Banking apps: $30,000 - $300,000 
    • Lending apps: $50,000 - $150,000 
    • Personal finance apps: $50,000 - $300,000 
    • Insurance apps: $45,000 - $200,000 
    • Investment apps: $60,000 - $120,000 
  • Specific features: Certain functionalities like real-time credit score tracking, EMI calculators, or data analytics can increase the overall budget. 
  • Location of development agency: Hourly rates for development teams can vary drastically depending on their geographical location: 
    • North America: $25 – $35 
    • Latin America: $25 – $35 
    • Europe: $35 – $65 
    • India: $20 – $25 
    • Africa: $25 – $30 

The top 50 fintech software development companies on DesignRush charge an average of $60/hour. 4.1% of fintech software development companies on DesignRush accept projects with a minimum budget of $1,000, while 9.6% have a $50,000+ minimum budget. 

How do I choose a fintech software development company?

To choose a fintech software development company consider the following steps: 

  1. Define your fintech software requirements: Identify the specific financial technology solutions you need, such as payment gateways, banking apps, investment platforms, or regulatory compliance systems.  
  2. Research fintech-focused companies: Look for companies with a solid track record in fintech. Seek recommendations, check reviews, and explore fintech industry directories and platforms.  
  3. Evaluate their fintech expertise: Ensure the company has expertise in fintech regulations, data security, and compliance standards like PCI-DSS for payment processing or GDPR for data protection.  
  4. Review their fintech portfolio: Request and assess examples of their previous fintech projects and case studies. Evaluate their ability to deliver high-quality solutions and their experience addressing fintech challenges.  
  5. Check their online presence: A reputable fintech software development company should have a robust online presence, showcasing industry recognitions, awards, and thought leadership in this industry.  
  6. Ask for client references: Contact organizations that have partnered with the company to understand their performance, adherence to fintech standards, and reliability in delivering solutions.  
  7. Prioritize compliance and security: Given the sensitivity of financial data, choose companies that prioritize compliance and data security and can navigate the financial sector’s complex regulations.  
  8. Determine budget and value: While considering the cost, focus on the value the company can bring regarding innovation, efficiency, and meeting regulatory requirements.  
  9. Consider the location: Decide whether you’re comfortable working with an outsourcing team that can deliver customized fintech solutions remotely, potentially offering cost savings and access to a broader talent pool. Alternatively, you might prefer a local financial software developer for the convenience of in-person meetings and closer collaboration. 
  10. Discuss fintech strategy: Inquire about their approach to developing fintech software, including how they align their solutions with your business goals and industry regulations.  
  11. Evaluate post-launch maintenance and support: Your fintech software will need regular updates and modifications to adapt to evolving business needs and regulatory changes. The best fintech developers should provide ongoing support and be readily available to help, ensuring your software remains efficient, compliant, and aligned with your business objectives even after the project is completed. 
  12. Assess communication and collaboration: Ensure their communication style, project management, and workflow meet your expectations for a collaborative partnership.  
  13. Shortlist the candidates: Based on your research, narrow your list to a few companies meeting your specific fintech criteria.  
  14. Request proposals for your project: Send a detailed project brief to each shortlisted company and request a fintech software development request for proposal (RFP) tailored to your needs.  
  15. Conduct interviews: Evaluate the proposals and arrange meetings with the shortlisted companies to assess their understanding, capabilities, and approach to your project.  
  16. Select the right partner: After a comprehensive evaluation of proposals and interviews, choose the fintech software development partner that best aligns with your project requirements, goals, and budget. 

If you need help finding an ideal fintech software development partner, visit our Marketplace and tell us more about your project. We’ll connect you with the most suitable fintech software developers based on your requirements – for free. 

What questions should I ask fintech software developers?

Questions you should ask fintech software developers include the following: 

Its Relevant Background 

  1. Can you detail your company’s background and experience in fintech software development? 
  2. How long have you been active in the fintech sector? 
  3. Could you provide case studies or examples of previous fintech projects you’ve completed? 
  4. Who are some of your prominent clients in the fintech industry? 
  5. What areas of fintech software development do you specialize in (e.g., payment solutions, blockchain technology, regulatory compliance)? 
  6. Do you have certifications or specialized expertise in fintech development or security standards? 

Company Services and Processes 

  1. What fintech services do you offer (e.g., custom software development, API integration, system maintenance)? 
  2. Which project management methodologies and frameworks do you employ in your software development process (e.g., Agile, Scrum)? 
  3. How do you integrate client feedback and manage changes during the development process? 
  4. Could you describe your quality assurance, testing, and bug resolution approach? 
  5. How do you ensure the security and privacy of financial data in your software solutions? 
  6. How do you guarantee compliance with fintech regulations (like PCI-DSS, or region-specific regulations)? 
  7. Do you provide ongoing support and maintenance after the software launch? 

The Project 

  1. How will you collaborate with our team to understand our fintech needs and goals? 
  2. What’s the projected timeline for our project, and how do you manage and communicate milestones? 
  3. Can you offer a comprehensive cost breakdown, including payment terms and conditions? 
  4. How will we communicate throughout the project? Who will be our main point of contact? 
  5. What type of progress updates will you provide, and how frequently? 
  6. How do you address challenges, changes, or new requirements that arise during the project? 
  7. What’s your strategy for managing scope creeps or unforeseen project complexities? 
  8. How do you ensure the developed fintech solution is scalable and adaptable to future industry changes or business growth? 

What are the best fintech software development companies in the US?

The best fintech software development companies in the US are: 

AgencyDesignRush RatingGoogle Rating Top Clients 
Saigon Technology

4.9 

(55 reviews) 

3.3 

(3 reviews) 

  • DMI 
  • YPO 
  • One Harvest 
  • MTM 
Designli 

4.9 

(20 reviews) 

5.0 

(73 reviews) 

  • Thingealogy 
  • Secur.Space 
  • Paidback 
  • Grappos 
Suffescom Solutions Inc 

5.0 

(36 reviews) 

 

4.7 

(90 reviews) 

  • Modani Furniture 
  • King Cubs  
  • Lead Action 
  • Radisson Hotels 
Naked Development 

4.6 

(12 reviews) 

3.7 

(3 reviews) 

  • Car Blip 
  • Vigor Fitness 
  • Snap MD 
  • Basebalism 
Apriorit 

4.8 

(5 reviews) 

4.8 

(69 reviews) 

  • Agemni 
  • PayDay Resources 
  • Borta 
  • VisionWorks 

 

Check their profiles to discover more about these companies and explore the rest of our listings for additional fintech software development companies. Easily refine your search by reviews, location, rates, team size, and other valuable parameters. 

About The Author and Expert Reviewer
Sumana Ganguly has over a decade of experience in writing for the tech industry. She started her career at Indus Net Technologies, Embee Software, and Global Info and Solutions System, where she won the Best Content Writer award. As the resident tech-savvy writer at DesignRush, she covers insightful tech topics and trends that help companies future-proof their businesses.
Chief Technology Officer
Gary Kuznetsov is a seasoned programmer, web developer, and certified Laravel developer. He was a Senior PHP developer at Blue Fountain Media, then soon became Head of Development at Digital Silk. With hundreds of successful websites/applications deployed throughout his career, it is no surprise that he is now a Chief Technology Officer at DesignRush, spearheading digital products and solutions to meet the company’s challenges and objectives.