Why partner with our fintech software development company
19+ years in software development
Top 0.5% fintech software developers
Hands-on experience with AI/ML
Expertise in fintech development services
Flexibility in cooperation
Quick project launch
Binary Studio’s awards
We’ve been continuously recognized by the B2B platform Clutch as leaders in many areas of development. In particular, we’ve been included in the top company lists as financial app developers and top software developers for startups in 2024.
The process of fintech software development
From product ideation to release and beyond, we’ll be your tech partner in building a fintech solution according to your vision. The process of custom fintech software development usually goes through the following stages:
1 | Business requirement analysis and the discovery phase | Our engineers will suggest the optimal development approach and tech stack for your project. We also can help you with the discovery stage, validating product concepts by analyzing target customers and their pain points. | 1-2 weeks | Head of PMO Product Manager |
2 | Building a team and creating a software architecture | We’ll build a suitable team for your project, and engineers will start by building an architecture of your solution that aligns with your business requirements and allows for flexibility and scalability. | 3-4 weeks | Head of PMO Senior Full Stack Engineer |
3 | Product design, development, and testing | Development and design will be done according to the Agile methodology, and you’ll be actively involved in the processes, reviewing your product and making adjustments. Along the way, the solution will be continuously checked for bugs, usability issues, and security flaws. | 3-6 months | Development Team |
4 | Fintech MVP release | We’ll deliver the MVP with the minimum functionality that covers all the essentials. By quickly getting to market your product and receiving real user feedback, you’ll be able to understand what’s working and what needs improvement. | 3-4 weeks | Development Team |
5 | Scaling and improving the software solution | Once you have some feedback on the MVP, we’ll be happy to continue working on your fintech product. We can provide continuous support, as well as add new features or integrations, change something in the design, and so on. | Ongoing | Development Team |
Need a scalable and compliant fintech app?
Trust your project to a company with 19+ years of experience.
Successful fintech development cases
As a fintech development company, we’ve worked on various projects ranging from improving the existing crypto trading app to building a new investment service.
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FinTech
P2P lending platform
We’ve upgraded a web-based service and built a new mobile app for easyMoney, allowing the company to expand its reach. The updated platform achieved high scores in customer satisfaction, with users mentioning a particular ease of use and navigation.
/laravel /php /react /react native
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Finance
Trading mobile app
Partnering with Hummingbird, we’ve integrated our developers into their team and made crucial improvements to the trading app: updated the functionality, made the UI more accessible, and seamlessly connected it to third-party APIs and services.
/react native /java /objective C /redux /js /es2018
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FinTech
Accounting forecast software
We’ve developed an application for Indigo that integrates with the company’s accounting software and visualizes crucial financial data, offering a quick and easy way to assess the projected cash flow.
/react /redux /es2018 /sass /python
What our clients say
Who needs fintech software development services
Banking institutions
Crypto startups
Trading and investment platforms
Our tech stack
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IOS
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Android
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Swift
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Flutter
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React Native
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Xamarin
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Cordova
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PWA
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Cyrpess
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Selenium
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Playwrite
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Puppeteer
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Mocha
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Chaj
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Jasmine
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SQL Server
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MySQL
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PostgreSQL
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MongoDB
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SQLite
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Azure SQL
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Amazon RDS
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Google Cloud SQL
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AWS
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Azure
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Google Cloud
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Digital Ocean
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Docker
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Kubernetes
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AWS Dev Tools
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Azure DevOps
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Google Dev Tools
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Jenkins
Software development for fintech: FAQ
What types of fintech software can you build?
You can come to us with any product idea related to financial operations: banking software, P2P solutions, insurance platforms, asset management, crypto exchange, etc. We’re building web and mobile fintech apps, as well as other services that fit your needs and tech stack.
Can you develop a compliant fintech solution for any country?
Yes. As a fintech software development agency, we’re keeping track of data security and privacy regulations to make sure the end product is compliant and safe to use. As each project is unique, we always do additional research into the regulatory landscape of the target region and market to guarantee uncompromisable security.
What are the essential features of fintech software?
Some of the must-have features in the fintech sector include secure authentication, user accounts and account manager, payments and transfers, notifications, and integrations with payment gateways and other systems. On top of that, innovative features like AI-powered assistants are becoming the new norm in the industry.
What development team do I need for a fintech software development project?
The size of the team and specialists involved depends on the scope of work you require but generally, you’ll need 1-2 backend developers, 1-2 frontend developers, 1-2 designers, and 1-2 QA engineers. If a software development provider builds a dedicated team for you, it also includes a project manager who oversees the process of development and discusses the progress and changes with you. You might also get other IT specialists like business analysts if you require particular expertise in validating your fintech app idea, researching the market, conducting interviews with users, or analyzing your existing solution and tech stack.
What is the cost of fintech software development?
The average cost for a fintech project ranges from $90,000 to $300,000 but isn’t limited to this range. The two defining factors are developers’ rates and the time it takes to build your product. The latter, in turn, depends on the complexity of your solution: the number of features, custom integrations, the amount of data you want to be stored on servers, the interactiveness of design elements, and so on. To get a clearer picture of the cost of development services, schedule a free call with us, and we’ll provide you with an estimate based on your requirements.
How to find the right fintech solutions software development company?
There are platforms like Clutch that connect businesses with software development providers, where you can explore the portfolios and reviews of different companies. Search for a company that has relevant experience and get a consultation call to learn about the collaboration models offered, the communication tools you’ll be using, and other aspects you’re interested in.
Let’s talk about your fintech project
Schedule a free consultation to discuss your idea:
- Tell us about your business requirements, essential features, and deadlines
- We’ll provide you with the best developers and optimal technical solution
- Together, we’ll decide on the scope of work and type of cooperation