Financial Software Development Company

FinTech software development services involve creating digital solutions for financial institutions and businesses. These services include building payment processing systems, mobile banking apps, investment platforms, and lending software.

Developers work on integrating technologies like blockchain, AI, and cloud computing to modernize financial operations. The goal is to make financial services faster, more accessible, and user-friendly for both businesses and their customers.

Outsourcing FinTech development gives you access to specialized expertise without building an in-house team from scratch. You can reduce costs significantly while speeding up your time to market.

External teams often bring experience from multiple projects, helping you avoid common pitfalls and implement best practices. This approach also lets you scale your development resources flexibly based on project needs, and you can focus your internal team on core business activities while experts handle the technical complexities.

Security in FinTech software starts with implementing end-to-end encryption for all data transmissions and storage. Developers use multi-factor authentication, regular security audits, and penetration testing to identify vulnerabilities.

Compliance with standards like PCI DSS, GDPR, and SOC 2 is maintained throughout development. Teams also implement secure coding practices, conduct regular code reviews, and keep all systems updated with the latest security patches.

Additionally, monitoring systems detect suspicious activities in real-time, and disaster recovery plans ensure business continuity if incidents occur.

Generally, at Space-O, basic fintech software like Lite Banking apps takes 3 to 6 months to develop. Moderate complexity software, like a basic lending app or a personal finance management app, might take 6 to 12 months.

While advanced financial software, such as core banking modules, AI-driven trading platforms, might take more than one year and, in many cases, up to two years. Besides complexity, development time also depends on outsourcing location, tech stack, team size and expertise, and the type and number of integrations.

Space-O follows stringent security protocols, including ISO 20001, end-to-end data encryption, PCI DSS, access-based control, and multi-factor authentication to ensure data confidentiality. We also comply with OWASP standards and WCAG guidelines to ensure your app is both secure and accessible for a wider audience.

We do integrate custom financial solutions with your legacy systems. When developing a new solution, we follow development best practices and use tools and APIs that make it easier to integrate them with your existing systems.

To achieve this, we thoroughly analyze your existing infrastructure and use custom middleware solutions that facilitate the effortless integration of the developed solution with your existing system.

Yes, we do. Our team specializes in utilizing trending technologies like AI, blockchain, cloud computing, and data analytics in financial solutions to make them more innovative, modern, and effective.

At Space-O, building basic fintech software typically costs around $15,000 to $100,000+. Moderate complexity software often costs $30,000 to $150,000 or more, while advanced, high-complexity financial software solutions at Space-O generally cost $70,000 to $300,000+. To get an accurate pricing estimate for your financial software development project, book your free consultation with our experts.