What types of financial software can you build?

At Binary Studio, we have experience building a lot of different fintech solutions: lending applications, payment integrations, CRM systems for financial institutions, and financial data analytics systems. Whether you need software for payment processing, insurance automation, personal wealth management, trading, or anything else, we’ll be happy to help. Regardless of the software type and purpose, we’ll scrupulously analyze your requirements and goals to tailor the solution to your business model, target audience, and compliance needs.

Can you develop a compliant fintech solution for any country?

Yes. We work closely with legal and compliance experts to ensure that your fintech product adheres to international regulations such as KYC/AML and PCI DSS or location-specific ones such as FCA in the UK.

What development team do I need for a financial project?

The exact team composition will depend on the type of product you’re building. Ideally, a financial development team includes: - a business analyst to make sure your requirements are adequately translated into tech specs - a project manager to control the progress and provide you with updates - a software architect to design a secure and scalable architecture for your product (especially valuable for large-scale solutions with complex logic and lots of integrations) - UI/UX designers to create interfaces and user flows - frontend developers to build customer-facing parts - backend developers to handle the overall logic of software, its databases, and integrations with other services - DevOps engineers to manage secure deployment - QA engineers to check the functionality, performance, accessibility, and other aspects of software - additional professionals such as compliance experts (if you need a separate compliance module or some other unique functionality)

What is the cost of custom financial software development?

The financial sector requires significant initial investments regardless of the type of product, but the final cost varies greatly. A financial solution can cost you from around $200,000 to $1,000,000 or more, depending on the set of features and the rates of hired specialists. Startups testing market fit can release an MVP even under $80,000. While advanced features like robo-advisors or crypto wallet integration can add $30,000-50,000 to the cost. Don’t forget about the impact that the cooperation model and team location have on the project cost. It will be much more expensive to hire developers internally, while the most cost-efficient option is finding an outsourcing partner with a range of developers charging different hourly rates. With outsourcing, you also won’t have any associated expenses that you’ll have with an internal team (hiring, onboarding, equipment, office space, benefits, etc.). If you want to get an estimate based on your particular idea, drop us a line, and we’ll guide you through cost calculations based on each feature and development specialist involved.

Financial Software Development Company

Need to modernize a financial solution or build a new secure and compliant system? We have developers with financial software expertise who will help you improve business operations or successfully enter the market.

200+
Delivered projects
19+
Years of business excellence
4.9
Review rate on Clutch

Why partner with our financial software development company

20+ years in financial software

Binary Studio has been developing software solutions for over two decades, helping financial companies in particular meet the evolving customer demands and reach new revenue heights.

Top 0.5% of financial software developers

We rigorously select our engineers so that everyone working on your project is a technical expert who understands the industry challenges and dives deep into business goals.

Embracing innovation with AI/ML

As a custom financial software development company, we can integrate AI-powered capabilities into your product, be it for investment automation, insurance strategies, or bank analytics.

Cooperation tailored to your workflows

We offer different modes of cooperation and remain flexible: our engineers seamlessly integrate into your operations, and we can adjust the development process to shifting requirements.

Range of financial software development services

There’s no niche or technology that we don’t have covered. We can help you build banking portals, trading apps, CRMs for the financial sector, payment gateways, and other solutions.

Compliance and uncompromised security

We know how important safety measures and regulatory compliance are for financial software and keep our teams updated on the latest news and practices in this field.

Our financial software development services

Services for banking

Among different types of software, Binary Studio can help companies build core banking systems to manage daily operations, banking apps to provide customers with convenient tools, CRM systems to manage customer data, or analytics software to assess risks and profitability.

Insurance applications

Whether you need software to identify insurance inefficiencies, decrease underwriting costs, speed up the claim processing cycle, or increase customer engagement, we’ll create a solution that brings the required value to your insurance business.

Investment software

As a financial software development agency, we’ll craft investment platforms, trading apps, or wealth management systems according to your vision. We can incorporate AI-powered capabilities that analyze investment strategies and predict market trends.

Payment services

There’s a variety of payment solutions that can gain traction among users. We can help you shape and develop money transfer applications, blockchain-based networks, fraud detection software, or other systems that process digital payments.

P2P lending apps

Our financial developers can help you bring to life a competitive lending application that allows for end-to-end P2P transaction traceability, features trend-based demand forecasting, and is intuitive in use.

Decentralized finance platforms

As a financial services software development company, we can help you enter the world of decentralized finance with a new solution or improve an existing DeFi product with modernized designs, new demanded features, or improved security measures.

Binary Studio’s awards

We’re happy to be acknowledged by the Clutch platform and included in multiple lists of the best-performing and most trusted providers. For instance, Binary Studio is featured among the top financial app developers and top software developers for startups.

The process of financial software development

The exact steps of development and the scope of work will depend on the type of product and engagement model, but generally, your cooperation with a financial software development company will go through the following steps:


1	Analyzing business requirements	We’ll talk about your idea or existing financial software to understand what expertise is required and what technologies will best suit the project.	1-2 weeks	Head of PMO Delivery Manager
2	Building a team and choosing the tech stack	We’ll find you developers and other IT specialists whose experience matches the needs of your financial project.	1-2 weeks	Head of PMO Project Manager
3	Developing and testing	We’ll be building your financial solution and presenting you with a working version of it for regular reviews. We can provide a full cycle of development and testing.	Project lifetime	Development Team
4	Launching your financial product	We’ll help you release your custom financial services software, making sure that it works as intended and is seamlessly launched on all planned platforms.	Project lifetime	Testing Team
5	Scaling and improving your solution	We can continue working on your product by monitoring and fixing bugs or adding new features as its user base grows.	Project lifetime	Support Team

Want to build a powerful solution in the financial sector?

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Our fintech development cases

Over the years, Binary Studio has delivered solutions for institutional banking, lending, trading, and financial analytics. Check out some of our successful development cases:

View more case studies

“

One thing that continues to impress us is the exceptional quality of engineers that Binary Studio is able to provide us

Mark Volkmann - CEO /

Massage Book

Watch video

“

Binary Studio has really been pivotal in FanAngel's success

David Burton - CEO /

FanAngel

Watch video

“

Binary Studio is an ideal software development partner and our experience working with them has been fantastic

Pascal Desmarets - Founder & CEO /

Hackolade

Watch video

Mark Volkmann

CEO / MassageBook

Charleston, SC

David Burton

CEO / FanAngel

San Luis Obispo, CA

Pascal Desmarets

Founder & CEO / Hackolade

Brussels, Belgium

Who needs custom financial software development services

Financial enterprises

Organizations that deal with massive volumes of sensitive data and complex regulatory environments need custom solutions to ensure compliance, integrate legacy systems, and improve daily operations.

Accounting firms

Custom software development for financial services applies to accounting and tax firms that need tools that match their workflows, automate recurring tasks, handle location-specific standards, and provide secure client portals.

Fintech startups

Startups that aim to disrupt the financial sector need an efficient financial software development company to help them create unique solutions, integrate innovative technologies, and rapidly iterate as the business shifts and scales.

Our tech stack

Angular
CSS
Electron
HTML
JavaScript
React
Vue

.Net
Go
Java
Node.js
PHP
Python

Android
Cordova
Flutter
IOS
PWA
React Native
Swift
Xamarin

Chaj
Cyrpess
Jasmine
Mocha
Playwrite
Puppeteer
Selenium

Amazon RDS
Azure SQL
Google Cloud SQL
MongoDB
MySQL
PostgreSQL
SQL Server
SQLite

CakePHP
Django
Express.js
Fastify
Flask
Laravel
Ruby on Rails
Symfony

AWS
Azure
Digital Ocean
Google Cloud

AWS Dev Tools
Azure DevOps
Docker
Google Dev Tools
Jenkins
Kubernetes

Custom financial software development FAQ

What types of financial software can you build?

At Binary Studio, we have experience building a lot of different fintech solutions: lending applications, payment integrations, CRM systems for financial institutions, and financial data analytics systems. Whether you need software for payment processing, insurance automation, personal wealth management, trading, or anything else, we’ll be happy to help. Regardless of the software type and purpose, we’ll scrupulously analyze your requirements and goals to tailor the solution to your business model, target audience, and compliance needs.
Can you develop a compliant fintech solution for any country?

Yes. We work closely with legal and compliance experts to ensure that your fintech product adheres to international regulations such as KYC/AML and PCI DSS or location-specific ones such as FCA in the UK.

What development team do I need for a financial project?
The exact team composition will depend on the type of product you’re building. Ideally, a financial development team includes:
- a business analyst to make sure your requirements are adequately translated into tech specs
- a project manager to control the progress and provide you with updates
- a software architect to design a secure and scalable architecture for your product (especially valuable for large-scale solutions with complex logic and lots of integrations)
- UI/UX designers to create interfaces and user flows
- frontend developers to build customer-facing parts
- backend developers to handle the overall logic of software, its databases, and integrations with other services
- DevOps engineers to manage secure deployment
- QA engineers to check the functionality, performance, accessibility, and other aspects of software
- additional professionals such as compliance experts (if you need a separate compliance module or some other unique functionality)
What is the cost of custom financial software development?

The financial sector requires significant initial investments regardless of the type of product, but the final cost varies greatly. A financial solution can cost you from around $200,000 to $1,000,000 or more, depending on the set of features and the rates of hired specialists. Startups testing market fit can release an MVP even under $80,000. While advanced features like robo-advisors or crypto wallet integration can add $30,000-50,000 to the cost. Don’t forget about the impact that the cooperation model and team location have on the project cost. It will be much more expensive to hire developers internally, while the most cost-efficient option is finding an outsourcing partner with a range of developers charging different hourly rates. With outsourcing, you also won’t have any associated expenses that you’ll have with an internal team (hiring, onboarding, equipment, office space, benefits, etc.). If you want to get an estimate based on your particular idea, drop us a line, and we’ll guide you through cost calculations based on each feature and development specialist involved.