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Looking for a Trusted Fintech Software Development Company?
- The fintech market is booming. In 2023, its global fintech industry generated a revenue of about $79.38 billion. The forecast shows this number can exceed $141.18 billion by 2028. This rapid growth proves just how much economic potential fintech holds. Thus, there are many financial opportunities. If you are looking for new market insights, then pay attention to the fintech market.
- Fintech offers many benefits, from automated financial service delivery to streamlined workflows. Custom fintech software development allows your business to build tailored solutions. You can also access advanced techs (AI/ML, big data, blockchain, IoT). If you work in the BFSI sector, it translates to more engaging customer experiences. You have stronger data security and regulatory compliance. Skilled fintech software developers make it all possible.
- STS Software is a trusted fintech software development company. We build robust fintech solutions for your business. The ultimate goals are to improve business operations and keep data safe. You can also work with new service models. With a strong track record of client success, STS Software has earned solid market validation. We are here to help your business grow!
350+
Skilled software engineers delivering excellence
13+
Years of dedicated industry experience
800+
Successfully software development projects
300+
Global Clients
Our End-to-end Fintech Software Development Services
STS Software provides comprehensive fintech development services. We cover everything in the lifecycle of the software. With us, you can ensure effective, secure, and tailored solutions for your needs.
Fintech Software Consulting
Fintech software consulting is where every fintech project starts. With this service, you can find the right niche and define a strong, unique selling point. Our experts work with you to design the best features and architecture. You can choose the perfect tools as well. We also focus on UX (User Experience) and UI (User Interface) to make everything smooth. You can receive advice on security and compliance as well. Ultimately, you will reduce risks and set your project for success.
Custom Fintech Software Development
Fintech software development is more than just writing code. At STS Software, you can build smart solutions that fit your unique needs. Our team handles everything, from engineering the product to integrating it with your systems. Then, everything runs smoothly with thorough quality assurance. And once it's live, you are not on your own. We give you after-launch software support. The tailored solution also comes with powerful capabilities and comprehensive documentation.
Legacy Finance Software Modernization
Modernization of legacy finance software helps you address the specific needs of established financial institutions. Our team can rearchitect your setup, migrate to cloud, and refresh your legacy codebase. We also add new features to keep things updated. You will have a smart, modern fintech solution using the latest technologies. We guarantee outstanding performance and more value.
Software Integration
Software integration is essential when adding new fintech solutions. Our service helps connect your new tools with the systems you already use. Thus, you can ensure smooth data flow across platforms and boost operational efficiency, leading to better overall system coherence.
Why STS Software Should be Your Fintech Software Development Partner
The first step to success is to choose an ideal fintech software development company for your needs. STS Software stands out with our exceptional expertise and experience. Here's why we should be your first consideration.
10+ Years of Experience
We have delivered first-rate engineering IT solutions for the financial services industry since 2012. With such a long working experience, we know how to help you establish outstanding fintech software.
Rich Portfolio of Successful Fintech Projects
We handle every aspect of your project. Our diverse range of successful fintech projects reflect how we handle challenges and offer innovative solutions.
Advanced Technologies
We are proficient in advanced techs like AI/ML (Artificial Intelligence/Machine Learning), Big data, Blockchain, and IoT (Internet of Things). You need such cutting-edge tools to stay competitive.
Commitment to Security
We prioritize cybersecurity and the protection of fintech software with robust data security management and ISO 27001 certificate. Our quality-first approach comes with an ISO 9001-certified quality management system.
Top Tech Talent
We have over 350 skilled software developers. Our compliance experts ensure full fintech software regulatory compliance. This way, you can easily overcome obstacles on your journey.
Agile Methodology
The Agile approach allows for flexible, interactive development during the project. We also use DevOps practices to deliver software efficiently and reliably.
Flexible Cooperation Models
We offer various cooperation models, including staff augmentation and a dedicated development team. Feel free to choose the one that matches your needs.
Effective Communication
We use effective communication tools during the project. Moreover, we remain responsive to your requests and feedback. Smooth collaboration then helps you stay informed.
Our Case Studies
Web Application
BAIBAI
Baibai is a cryptocurrency exchange platform where users can buy and sell Bitcoin and other altcoins. Offering an unmatched level of security, Baibai provides a convenient marketplace solution for trading major cryptocurrencies, with the added benefit of using conventional fiat payment methods.
Detail
Offshore Dedicated Team
Personal Loan Platform
The client was interested in hosting an offshore team to help them develop and launch new products and services, as well as improve existing ones. Our offshore software outsourcing services with specialized technical teams back up our client’s operations with several advantages.
Detail
Web Application
SmithBot
SmitBot serves as a bridge connecting the client’s server, which operates advanced automated cryptocurrency trading agents, with cryptocurrency exchanges and end users who wish to subscribe to these trading bots.
Detail
Our Clients
Client Testimonials
I would recommend companies to work with STS Software for their software development or service needs. The project team is very responsible for their work and would recommend solutions in the interest of the client. The team also responds very quickly to requests, bugs, and questions. One exceptional quality of STS Software was their patience with clients. There were several times when we were slow to respond or test our apps, but the project team was still very accommodating towards us.
Get High-Quality Fintech Software
STS Software gathers talented fintech software developers to build high-quality solutions tailored to your needs. Let's make something amazing together!
Types of Fintech Solutions We Develop
You need fintech software development companies to thrive in this industry. STS Software specializes in various types of fintech solutions. Here are your options!
Customer-Centric Fintech Applications
We always put users first when building client-facing apps. Our web apps and mobile applications offer self-service options. As a trusted financial services provider, we create a seamless digital experience. Some of our solutions include mobile banking apps and money lending apps. You can also get payment apps (including Buy Now Pay Later) and insurance apps.
Large-Scale BFSI Systems
We know how to build large-scale systems for the BFSI segment. Our tools handle big data and heavy workloads with ease. Whether you need complex professing systems or a comprehensive processing engine, we can get you covered. You can choose from loan processing systems and mortgage systems. Claim processing systems and payment orchestration systems are part of our solutions, too.
Scalable Peer-to-peer (P2P) Solutions
Our secure online platforms connect financial service providers with individuals and SMBs. You can have scalable online platforms designed for multi-party financial activities. We help you build peer-to-peer (P2P) platforms, P2P lending software, and P2P insurance platforms. You can also ask for investment platforms and crowdfunding platforms.
Process Automation Solutions
We create process automation solutions to help you streamline operations. You can simplify and automate tasks. Ultimately, you will save time and reduce errors. In this category, we offer payment automation, underwriting automation, and portfolio management automation.
Financial Fraud Detection System
Our advanced cybersecurity tools can detect and prevent malicious behavior. Choose our automated fraud detection solutions so you can quickly identify potential risks. Financial fraud detection software must be what you need if security is your top concern.
Compliance Monitoring Systems
We build compliance monitoring systems that keep your financial IT system in check. Our tools offer real-time monitoring. Thus, we ensure your software is always aligned with regulatory requirements and internal service policies. Partner with us to stay compliant and avoid surprises.
Intelligent Virtual Assistant Software
At STS Software, you can get intelligent virtual assistants that provide faster customer support. AI-powered agents handle personalized customer communication. We offer helpful and intelligent advice on the spot. Based on that, users can navigate payment actions and investment actions with ease.
Secure Digital Wallets
STS Software designs digital wallets for safe payments. Our online apps support fast payments, easy payments, and money transfers. We protect your personal information. Your billing information can also have top-level security. Need cryptocurrency wallets and crypto assets, too? Our excellent solutions can be helpful!
Digital and Crypto Assets
We help you work with crypto assets and tokenized assets. They can be tradable securities, utilities, rewards, and financial rights. Our solutions also support blockchain-based digital currencies. We use means of payment, means of exchange, and value storage for your project. Together, they contribute to the future of finance.
Data Analytics Systems
Data analytics systems can turn numbers into action. Our comprehensive solutions come with advanced data science. That's how we deliver valuable insights. The best thing is that you can choose from various solutions, such as banking analytics and insurance analytics. We deal well with lending analytics and investment analytics as well. They all help you optimize financial operations.
Financial CRM Softwares
We create smart financial CRM solutions that help you connect better with your customer segments. Our tools automate service planning to save time. We also automate service analysis to boost results. Whether it's banking CRM, insurance CRM, or investment CRM, you will surely have effective relationship management.
Digital Collaboration Platforms
Our digital collaboration solutions connect people. The platforms and networks create a smooth digital collaboration environment for internal teams and external partners. With our help, multiple financial services providers can share smart tools like bank intranets, insurance portals, and investment portals. That's how technology can power collaboration.
Unlocking Potential: Fintech for Every Area of BFSI
Our fintech software development services cover all areas of BFSI. Let's see how fintech can help!
Banking
Fintech is changing banking. With self-service banking apps, customers get 24/7 access anytime, anywhere. Automation of core banking operations makes services faster and smoother. Open banking APIs ensure quick, accurate transactions. And thanks to neo banking, everything is now fully paperless and super convenient.
Payment
Fintech transforms the way we pay. With payment gateways, transactions become more secure and instant. The digital payment experience is smooth, thanks to the support of QR code-based payments. NFC-enabled onsite mobile payments and peer-to-peer (P2P) money transfers are some other cool options. Plus, cryptocurrency payments are a breeze now, thanks to blockchain technology.
Lending
Thanks to AI-powered risk assessment, loan decision-making can be quick. Analytics-based loan pricing helps you stay compliant with regulations. Plus, lenders can collect payments and recover debts smoothly using rule-based automation and AI-supported automation. And with the P2P lending model, borrowers can get fast access to funds. In the meantime, lenders find good investment opportunities.
Mortgage
With automated processing of mortgage applications and mortgage-associated fees, the paperwork can be done quickly. AI-supported collateral valuation and risk monitoring help lenders stay safe. Moreover, automated mortgage close, servicing, and foreclosure keep things moving smoothly. Need some docs? No problem! You can have scalable digital storage. Last but not least, with real-time and API-enabled borrower data collection, you always know what's going on.
Insurance
Data-driven insurance helps you make more informed decisions during underwriting. You can have risk-based insurance pricing, too. Moreover, automated actuarial workflows speed things up. You can ensure prompt claim settlement thanks to instant capture and intelligent validation. Besides, your team can easily work together using multi-role insurance portals. Consider integrations with IoT tracking systems as IoT is also on the rise. It would be best to use innovative models like parametric insurance and pay-as-you-live insurance.
Financing
Worry about financing-associated fees? Fintech helps by offering intelligent advice on loan amount and duration. With automated calculation, users can get things done quicker. P2P financing platforms make transactions easy and cost-effective. crowdfunding transactions won't be a problem. Plus, blockchain-based financing ensures ICO and STO options are secure and transparent for everyone.
Investment and Wealth Management
Fintech makes investment and wealth management simpler and safer than ever. For example, AI-powered guidance helps make informed decisions for portfolio optimization. Streamlined trading makes buying, selling, and management investments a breeze. Automated transaction opening, confirmation, renewal, and closing play big roles here. All of them contribute to minimized investment risks. Hedging strategies will also help protect your assets.
Decentralized Finance (DeFi)
Decentralized finance (DeFi) helps us easily handle money thanks to blockchain-based transaction handling. Transactions become more secure and cost-effective. Smart contracts help by enforcing agreements. Processes can be more reliable as a result. Plus, you can access the global market. As you process cross-border transactions seamlessly, anyone can now participate.
Corporate Finance Management
Corporate finance process automation is a big step. With corporate finance process automation, you can eliminate low-value manual tasks. This approach also allows real-time collection of data across all operations. You will love comprehensive financial analytics powered by AI, too. The analysis gives you insights to make better decisions.
Innovative Financial Technologies to Power Your Fintech Software
STS Software knows that technology is super important for fintech application development. You need the right tools to improve speed, accuracy, security, and transparency. Here is what we use to boost your project!
Artificial Intelligence (AI)
AI is a real game change in software development for fintech. This technology powers advanced financial analytics and supports data-driven operational decisioning. Financial data processing becomes simpler then. AI also gives us tools for fraud detection and customer interaction. Our solutions include AI for insurance underwriting, AI for insurance claims, AI for lending, AI for mortgage, AI for investments, AI for payments, and large language models (LLM) for finance.
Blockchain
Blockchain brings a new level of trust and transparency to fintech development. This technology ensures traceability of financial data flows. You can also experience fast payment transaction processing and secure payment transaction processing. Such innovations don't have to cost much as blockchain allows for cost-effective payment transaction processing. You will see blockchain in BFSI across many areas, such as blockchain for payments, blockchain for lending, blockchain for investments, blockchain for insurance, and smart contracts for insurance.
Big Data
Straight-through processing helps handle massive volumes of multi-format financial data without delays and manual work. Big data also gives you in-depth insights into how users spend and invest. Companies can understand customer behaviors, customer needs, and customer risks. In the end, they deliver exactly what users need.
Cloud
Cloud makes everything flexible and fast. That's what you need for fintech software scalability. Your app can grow along with your users and their growing data volumes. Moreover, the cloud gives 24/7 remote access to both financial service clients and BFSI teams. You can ensure the smooth performance of your fintech systems wherever and whenever.
Internet of Things (IoT)
IoT connects devices to your system. You can then gather data and serve customers better. You have real-time data gathering from customer devices, servicing equipment, and security systems. This approach boosts financial service safety and financial service convenience. Custom fintech software development becomes simpler than ever.
Mixed Reality
Financial service environments can be engaging with mixed reality. We use AR (Augmented Reality) and VR (Virtual Reality) to create the fintech software. Metaverse is worth trying. Think about how virtual banks can attract users and provide outstanding customer support. The results are engaging customer experiences. Expect engaging employee experiences, too.
Our Cutting-Edge Technologies
Our Optimal Engagement Models in Fintech Software Development
STS Software offers flexible models suited to different needs. You can choose the most suitable option for your budget and timeline.
Dedicated Development Team
IT Staff Augmentation
Full Software Development Outsourcing
Dedicated Development Team
A dedicated fintech development team is a group of skilled fintech software developers. Our team has the right skills to meet your needs. The best thing is that this team works as an extension part of your company. They focus exclusively on your project.
This model is perfect for businesses that:
- Have complex, long-term fintech projects
- Need developers who understand your financial field and regulations
- Want full control over the development process and team composition
- Look for a long-term fintech development partner
- Plan to create a big, specialized solution that needs full-time attention
IT Staff Augmentation
We add skilled experts to your in-house team to fill specific fintech roles. You can ask for security engineers, compliance analysts, or blockchain developers.
This model is a good fit for businesses that:
- Already have a fintech team but need extra help
- Need short-term experts for niche fintech areas like security and compliance
- Want to scale their fintech development capacity quickly for a certain project stage
- Prefer to keep your current fintech development process and management structure
- Require cost-effective access to specialized fintech talent
Full Software Development Outsourcing
As an experienced fintech software development agency, STS Software can handle the whole project. We cover everything, from planning to launching. Along the way, we check regulations to ensure compliance adherence. Trust our expertise and experience that can give you a powerful fintech app.
This model is ideal for businesses that:
- Don't have their own fintech team and want to focus on their core competencies
- Know what they need and want a reliable partner to build it
- Want to avoid managing the development themselves
- Need to accelerate the time-to-market
- Look for a partner who takes care of the whole process from start to finish
Our Fintech Software Development Process
STS Software has built a detailed fintech software development process that sets a strong foundation for success. Let's see what we do when partnering with you!
1. Ideation and Market Research
We start with problem identification to see what is in the financial industry. Then, we learn about your target audience and their pain points. This step also involves solid market research and competitive analysis. Finally, we run a feasibility study to confirm if your idea has potential or meets market needs. We also check fintech trends to ensure innovation.
2. Defining Scope and Requirements
Next, we move to scope definition, which includes core features and functionalities. The needed features should match user needs, user stories, and your business value. Based on that, we build the product backlog. We also identify and document detailed functional requirements and non-functional requirements. Plus, our team plans for integrations with tools like payment gateways and KYC platforms.
3. Regulatory Compliance and Security Planning
Regulatory compliance is essential. We identify all financial regulation and compliance standards, such as GDPR, AML (Anti-Money Laundering), KYC (Know Your Customer), and PCI DSS (Payment Card Industry Data Security Standard). With us, you will have a comprehensive compliance strategy. During the process, we prioritize data security and data privacy.
4. Technology Stack Selection
We choose the most suitable technology stack for your project. Our solutions include backend, frontend, cloud infrastructure, APIs, and programming languages. The frameworks, databases, and other tools should align with your requirements. We can even deal well with new technologies like blockchain, AI/ML, and open banking.
5. UI/UX Design
We create an intuitive and user-friendly UI (User Interface) design and UX (User Experience) design for the software. To do that, we develop wireframes and prototypes. Check them, and you can picture the user's journey and give feedback. Our responsive design also ensures usability and accessibility.
6. Software Development and Implementation
We move to software development. We follow secure coding practices to minimize risks. API integration is part of this step, too. We use the Agile methodology to stay flexible. You give feedback on the coding. Then, we adjust the software until it satisfies your needs. Iterative development allows for faster delivery. Moreover, we employ DevOps practices to streamline the delivery with CI/CD (Continuous Integration/Continuous Deployment).
7. Quality Assurance and Testing
After developing the software, we conduct software testing and Quality assurance (QA). The tests include unit testing, integration testing, system testing, and user acceptance testing (UAT). Plus, we perform security testing and vulnerability assessment to find and fix potential threats. We also ensure compliance with regulations through compliance testing. The best thing here is that we use both manual testing and test automation for the best outcomes.
8. Deployment
The tests are done. It's time for deployment in the production environment. We master the release amendment to ensure a smooth deployment process. We offer system monitoring, too. Thus, we can identify and resolve issues early.
9. Maintenance and Updates
After launch, we provide ongoing software maintenance. Our services cover bug fixes, security updates, and performance optimization. We gather user feedback to see what's performing well and what needs enhancements. Software updates then allow you to adapt to evolving market needs and regulatory changes.
Our Insights
FAQs
Fintech software development costs can range from $100,000 to $2,000,000+. The
cost of fintech software development depends on these factors:
- The type of software
- The complexity of the functional and non-functional capabilities
- The scope of integrations
- Security requirements
- Compliance requirements
As a flexible fintech product development company, STS Software offers adaptable pricing structures to suit different project phases and needs. Your options include:
- Time & Materials (T&M): The T&M model with a cap is ideal for advisory services and agile implementation. In this case, you pay for what you use.
- Fixed Price: This model offers cost predictability. You divide your project into well-defined stages. So, the expense is fixed, and you know how much you will pay.
It depends on your desired speed. We offer a quick project start. After the first quote, we can start within 1-2 weeks. You can also ask for MVP development. We do it in about 3 months. The accelerated speed allows for early validation.
STS Software adheres to crucial regulations like AML/KYC, PCI DSS, CCPA, GDPR, and PSD2 (for the EU). We comply with other relevant legal standards and regulations as well.
Elevate Your Fintech Vision with Us
Ready to transform your financial services? Connect with us for premier fintech software development services and bring your fintech aspirations to life!
