enables businesses to automate time-consuming and manual operations and minimize human errors. Such financial technology helps customers manage accounts for payment and receiving money. This type of FinTech software also covers expense management software designed to operate, process, and transfer the expenses for the employment process. Digital banking is definitely the most popular type of financial technology software – customers can easily and quickly access their accounts and perform financial operations remotely via a chosen device.

that allows customers to make better investment decisions. Investment software development for FinTech gives customers access to AI-based analytics and investment predictions. Customers can plan their finances easier and more conveniently. They have their detailed financial data gathered in one place. This makes it much easier to plan financial operations.

for a wide variety of smart contracts or issues with ownership. Such FinTech services include mortgages, consolidation loans, credits, etc. Blockchain is decentralized, safe, and fast when it comes to processing payments. It has impressive coverage as it can be leveraged by most companies in the financial services industry.

that provides customers with profitability opportunities or costs and revenues. Insurance software development for FinTech enables individuals and businesses to execute insurance quotes and monitor the current state of their insurance policies.

for both startups and well-established brands. Such FinTech software takes entrepreneurs through the business plan creation process using the step-by-step technique. It simplifies strategizing and provides customers with the easiest way to analyze all the available information.

helps business owners meet all requirements (laws, legislation acts, local regulations). RegTech FinTech software development companies offer numerous tools for fraud detection and financial risk management.

a financial services industry pioneer. However, there are multiple other companies in the financial services sector that make financial services (e.g. payment services) easier. These are e.g. Stripe (they offer the whole payment stack, even more powerful than PayPal), Coinbase (the biggest cryptocurrency trading platform), or Gusto (a platform that combines payroll and benefit management with innovative HR solutions).

among the others, payments move much faster. FinTech software automates and speeds up payments and this is crucial as cash flow is the lifeblood of any business. Traditional financial institutions usually don’t have the same advantage and it would take months for them to deliver the same services speedily.

the data is safe and there is no chance it may be seen by unwanted eyes. The risk of operations is slightly reduced. Protective layers like two-factor authentication and biometrics ensure that only valid transactions are made. Customers may be certain that their personal information is secure.

there are FinTech innovations like personalization algorithms. FinTech software provides customers with a personalized experience through AI and big data. Companies can easily offer products and services relevant to their users based on their past purchases or their financial standing.

there are many regulatory acts that ensure robust finances, governance, and risk management. FinTech software is a way to quickly adapt to a rapidly changing environment and stay up to date with laws and regulations.

FinTech is all about making traditional financial processes and operations faster and more efficient. Middlemen are eliminated and most manual, repetitive tasks are automated. Automation offers a higher level of specialization, so the level of service quality is much higher. This leads to lower costs, happier employees, and a much better customer experience. FinTech software companies can be both rapid and agile at the same time.

even if FinTech software development may be quite a big investment to make, it will for sure pay off in the future. FinTech solutions allow businesses to send and receive money from their accounts in different currencies without charging any incurring high conversion fees. Many manual tasks are automated, and most processes are streamlined. FinTech innovations contribute to reducing the overall costs of running a business.

FinTech software development offers the most convenient way of operating a banking or financial business. FinTech software uses high-end technologies to give customers a better and more reliable experience. It streamlines most finance processes and businesses by offering convenience at their fingertips. Customers no longer need to make trips to physical stores or wait days before an online purchase is delivered to their doorsteps. They have access to all the information they need in seconds via mobile devices.

FinTech software gives you a unique opportunity to reach out to customers even when they are on the go. It’s a way to reduce the gap between your business and competitors. You can provide your customers with new ways of buying and using products and services and perform various functions using their mobile devices. This both adds value to your business and enhances the customer experience.

Great! However, if you want to build financial tools that make both your and your customers’ lives easier, you should trust a FinTech software development company that has extensive experience in building FinTech products. This is where FinTech development outsourcing comes in. Instead of creating an in-house team of developers and hiring them as full-time employees, your FinTech software development project can be handled by a specialized FinTech software development company on a contract basis. FinTech development outsourcing is a way to:

FinTech software development outsourcing can be nothing but beneficial. At BrainForge IT, we have created dozens of solutions that have moved our customers’ companies forward. Our experts will help you select the right solution for your software needs. We’ll create or refine applications for you to provide your clients with a world-class customer journey. We deliver payment services and any other kind of FinTech services. We’ll show you how to use technology to create top-notch solutions in the financial services industry. This is why you should consider developing your FinTech software with BrainForge IT:

have years of experience in creating innovative solutions. We have already helped many retail banks, insurance companies, wealth managers, and other FinTech companies develop financial tools so that they can become more competitive, flexible, and agile.

to meeting your unique digital transformation objectives. We start the collaboration with new customers with a solid analysis of their needs and requirements, then we analyze market trends and the customer’s capabilities. After assessing all operational risks, we are ready to select the proper approach to create your FinTech software. See how we work.

with the financial regulatory landscape and frameworks. The financial technology we develop is always based on advanced risk analytics. · We are customer-focused and supportive throughout the entire process from the initial design through development and even after implementation. Learn more about BrainForge IT.

and supportive throughout the entire process from the initial design through development and even after implementation. Learn more about BrainForge IT.

that are secured against all possible exploitations. Our FinTech developers usually use JavaScript, React Native, Flutter, and frameworks like: Node.js, Vue.js, and Angular.js.