FinTech
Table of Contents
Working with a trustworthy fintech software development company means having confidence in your project's success. Their expertise ensures that your finance app will meet industry standards, user expectations, and will be delivered on time. The question is, how do you find one?
Our blog post has shortlisted 15 of the best companies providing finance app and software development services. To curate our list, we took the main criteria as a clear focus on the finance and fintech sector, relevant portfolio, ratings on Clutch, and detailed description of finance app development approach. We also share tips and advice on choosing the best provider for your finance project.
The global fintech industry has seen impressive revenue growth, hitting around $79.38 billion in 2023, Statista reports. With no signs of stopping there, the industry market size is predicted to reach $141.18 billion by 2028.
This surge is driven by a growing number of users turning to digital apps and platforms to manage their finances. In 2020, time spent on finance apps increased by 45% globally, with total downloads reaching 4.6 billion. Apps related to investment and trading are in growing demand.
On the consumer level, 71% of users choose a mobile app or a computer to manage their finance and bank-related operations. 57% of them are Gen Z (1997-2012), giving their preference for mobile.
As we now stand in 2024, finance app development is still a worthy investment for the following reasons.
While finance apps are flooding the market, it’s critical to stay competitive and deliver functional products if you consider developing an app of your own. Partnering with a reliable company can help you capture a share of the finance market. Yet, the choice must lay on a professional service provider. Otherwise, your project will be a missed opportunity and a waste of time and budget.
The choice of the right fintech app development company is challenging due to the complexity and specificity of the financial industry. Yet, it shouldn’t be a hit-or-miss approach. Here is a quick checklist of the things to pay attention to.
Before we jump to the provider's overview, here are a few insights into our selection and comparison process.
To ensure a comprehensive list, we've added companies with diverse headquarters and development destinations spanning the USA, Europe, Eastern Europe, and India.
NEKLO is an international software development company founded in 2009 and headquartered in the USA. With development offices in Belarus and Ukraine, NEKLO specializes in providing end-to-end software solutions, including custom web, enterprise and mobile application apps. The key domain expertise includes e-commerce, healthcare, and fintech software development. They cater to businesses of all sizes, offering expertise in Magento and Shopify platforms. NEKLO's team, consisting of 51-200 professionals, is dedicated to delivering high-quality solutions that align with their clients' business goals.
Key Services:
Technology Expertise: Java, Python, PHP, Magento, Shopify, React Native, Angular, Flutter, Node.js, AWS (Amazon Web Services), Docker, iOS, Android
Valued For (based on Clutch reviews):
Team size: 50-200
Clutch Rating: 5.0
Fueled is a renowned mobile app development company founded in 2008 and headquartered in New York, USA. The company specializes in creating custom mobile apps for various platforms, including iOS and Android, as well as offering services in web development, UI/UX design, and digital product strategy. Fueled is known for its expertise in crafting cutting-edge digital experiences that drive business growth and engage users effectively.
Key Services:
Technology Expertise: iOS, Android, React Native, Node.js, Ruby on Rails, Python, Swift, Kotlin
Clutch Rating: 4.9
Founded in 2007, Intellectsoft is a global software engineering company with headquarters in the USA and operations in multiple countries including the USA, UK, Norway, and Ukraine. With a team size ranging from 1001 to 5000 employees, Intellectsoft has established itself as a leading provider of digital transformation solutions.
Key Services:
Technology Expertise:
Clutch Rating: 4.9
ArcTouch, established in 2008, is a USA-based software development company. With headquarters in the USA and operations focused in the same country, ArcTouch accounts for a team size ranging from 51 to 200 employees. ArcTouch's customer satisfaction has earned it a reputation as a trusted partner for businesses seeking to create engaging and impactful mobile applications.
Key Services:
Technology Expertise:
Clutch Rating: 4.9
DockYard, established in 2010, is a USA-based software consultancy firm specializing in web application design and development. With a team size ranging from 51 to 200 employees, DockYard is known for its expertise in creating custom software solutions for clients across various industries. The company offers a range of services including product strategy, user experience design, and full-stack development using modern web technologies.
Key Services:
Technology Expertise:
Clutch Rating: 5.0
Merixstudio, founded in 1999, is a Poland-based software development company that delivers digital products for startups, mid-sized companies, and enterprises. With a team size ranging from 201 to 500 employees, Merixstudio offers a comprehensive range of services including web development, mobile app development, and UI/UX design. The company's expertise lies in creating robust and scalable software solutions using cutting-edge technologies.
Key Services:
Technology Expertise:
Clutch Rating: 4.8
OpenXcell, founded in 2008, is an India-based software development company with a strong presence in both India and the USA. With a team size ranging from 201 to 500 employees, OpenXcell offers a wide range of services including mobile app development, web development, and digital marketing solutions. The company works with startups, SMEs, and large enterprises.
Key Services:
Technology Expertise:
Clutch Rating: 4.8
Hyperlink InfoSystem, established in 2011, is an India-based software development company with a global presence, including offices in India, the USA, the UK, and the UAE. With a team size ranging from 51 to 200 employees, Hyperlink InfoSystem offers a comprehensive range of services including mobile app development, web development, and digital marketing solutions.
The company is known for its expertise in delivering innovative and cost-effective software solutions to clients across various industries. Hyperlink InfoSystem's commitment to quality and customer satisfaction has made it a preferred choice for businesses seeking reliable technology partners.
Key Services:
Technology Expertise:
Clutch Rating: 4.9
ELEKS, founded in 1991, is a Ukraine-based software development company with a global presence, including offices in Ukraine, the USA, the UK, and Germany. With a team size ranging from 1001 to 5000 employees, ELEKS offers a wide range of services including custom software development, QA and testing, and IT consulting. The company operates across various industries including fintech.
Key Services:
Technology Expertise:
Clutch Rating: 4.8
WillowTree, founded in 2007, is a USA-based software development company specializing in mobile app development and digital product design. With a team size ranging from 501 to 1000 employees, WillowTree offers a range of services including mobile strategy, user experience design, and full-stack development.
The company is known for its expertise in creating engaging and user-friendly mobile experiences for clients across various industries with key focus on mobile.
Key Services:
Technology Expertise:
Clutch Rating: 4.9
Chop Dawg, established in 2009, is a USA-based software development company specializing in mobile app development and web development. With a team size ranging from 11 to 50 employees, Chop Dawg offers a range of services including product strategy, UI/UX design, and software engineering. The company is known for its expertise in delivering software solutions to startups and enterprises alike. Chop Dawg's commitment to transparency and collaboration has made it a trusted partner for businesses seeking to bring their ideas to life.
Key Services:
Technology Expertise:
Clutch Rating: 4.8
S-PRO, founded in 2014, is a Ukraine-based software development company specializing in blockchain development, web development, and mobile app development. With a team size ranging from 51 to 200 employees, S-PRO offers a range of services including product strategy, UI/UX design, and software engineering. The company is known for its expertise in fintech and blockchain development. S-PRO's commitment to quality and customer satisfaction has earned it recognition as a top software development company.
Key Services:
Technology Expertise:
Clutch Rating: 4.9
MLSDev, established in 2009, is a Ukraine-based software development company specializing in web and mobile app development. With a team size ranging from 201 to 500 employees, MLSDev offers a comprehensive range of services including product strategy, UI/UX design, and software engineering. The company delivers user-centric software solutions to global clients.
Key Services:
Technology Expertise:
Clutch Rating: 4.6
Binary Studio, founded in 2005, is a Ukraine-based software development company specializing in web and mobile app development. With a team size ranging from 201 to 500 employees, Binary Studio offers a range of services including product strategy, UI/UX design, and software engineering. The company is known for its strong focus on a rigorous recruitment process, hiring only the top 0.5% of applicants.
Key Services:
Technology Expertise:
Clutch Rating: 4.9
Founded in 2008, FINANTEQ is a Poland-based software development company specializing in fintech solutions. With a team size ranging from 201 to 500 employees, FINANTEQ offers comprehensive services tailored to the finance industry, including mobile banking apps, digital wallets, and payment solutions. The company is known for its expertise in delivering secure and innovative software solutions that enhance the digital banking experience for clients and end-users alike.
Key Services:
Technology Expertise:
Clutch Rating: 4.7
When choosing a provider, it seems a no-brainer to count on someone with the right experience. But why does it actually matter in the fintech sector? The answer is that finance app development has its specific features as well as best practices. Implementing them takes domain expertise.
Let’s examine the reasons and the advantages of hiring a professional provider for finance app development.
Finance apps are the number one goal for cyber-attacks. Creating a finance app free from vulnerabilities requires proper secure authorization methods, data encryption, and data protection tools. Depending on the complexity and use case, you may require implementing biometric verification, multi-factor authentication, and secure login protocols.
Finance apps have their best practices with user experience and design, too. Creating a good-looking finance app with an intuitive interface and clear navigation takes practice. Professional companies have designers in-house who can help you implement a consistent look for your app. The ultimate benefit? Users will love and trust it. The otherwise alternative? 1-star reviews and endless complaints about the app’s friction and inconvenience.
Finance apps have strict regulatory compliance requirements. The list of GDPR, PCI DSS, AML, KYC, and SOX varies depending on the use case. Besides that, you need to provide users with clear terms of service, privacy policies, and disclosures. Professional finance app companies can see legal documentation and help launch your app successfully.
A seasoned finance app development company can help you integrate your solution with multiple financial institutions and third-party services. Integrating your app with banking systems and the best payment gateways takes expertise.
Financial apps handle massive amounts of data. And it’s not just any data, but the most sensitive one. Professional finance app developers adhere to best practices in coding and know how to implement robust measures to protect your app against fraud and breaches. You get a secure, reliable app that performs well under various conditions. Debugging and supporting such code takes less time and effort (read: budget) than a messy one.
Professional developers have access to the latest tools and technologies. You can plan for advanced features such as blockchain for secure transactions, banking personalization for smarter user experiences, and cloud computing for scalability.
You need to ensure your app can quickly process user requests on both the front end and back end. This requires separate efforts with caching, Content Delivery Networks (CDNs), load balancing, and database implementation. And it is just the tip of the iceberg. In practice, more aspects of finance app development require a seasoned hand.
The app launch is just a first step. To remain relevant and functional, you need ongoing support and updates. Professional finance app development service includes comprehensive maintenance, bug fixes, performance enhancements, and feature updates.
Finance or mobile banking app development may seem a significant investment, with projects ranging from X to XX. Yet, hiring a professional fintech development company like NEKLO proves to be cost-effective. Our expertise and efficient processes reduce the likelihood of costly mistakes. Additionally, we offer flexible pricing models that fit your budget and project requirements.
Fintech software development has many intricacies. You need to know the domain, and quite often, you need to have a narrow expertise in the general mobile development stack. Last but not least, creating a finance app is about the quality vs. cost-effectiveness dilemma. While some may say you can’t have both, we dare disagree. Get in touch with us to discuss your finance app development project.
US-based and operating globally, NEKLO spearheads digital transformation initiatives for businesses worldwide. We deliver software solutions complying with your market and legislation.
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