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Top 10 Fintech Software Development Companies 2023

Published

1 year ago

on

Jigar Agrawal


The demand for fintech applications is increasing by the day. Fintech development includes apps, software, or systems for Investment, Banking, Finance, Insurance, etc.

Right from mobile gaming applications to P2P sharing apps, there is a surge in app development. While there are many dedicated wallet app developers and mobile banking app development companies offering development services, it’s essential to focus on companies that offer you Fintech software and app development.

These companies have exclusive expertise in developing end-to-end Finance apps. And with new technology and trends, you can expect the best finance app development from them.

We have curated a list of the Top 10 Fintech software development companies you can consider in 2023.

eSparkBiz is a trusted name in software and solutions. It is listed in the Top 10 Fintech software development companies that offer the best services for Fintech software and apps for your specific needs.

Moreover, it has offered custom software solutions to 1000+ clients in 20+ countries that optimize business performance. You can flexibly outsource your software development needs through various engagement models, and the company will help it transform into practical market solutions.

The best part about the company is that it offers seamless & agile digital transformation using modern techs like Blockchain, AI/ML, AR & VR, IoT, Cloud, & DevOps system that works best for your business. And provides comprehensive solutions like – MVP development, CRM software, Full stack, eCommerce, SaaS, Data Analytics, UI/UX designs, Testing, and Fintech software development.

Serving budding Startups to large-scale enterprises, their robust and tailor-made software products minimize your costs and increase the business reach. Their experienced team of 200+ talents can offer high-end solutions that can drive tangible business growth.

The company helps build customized IT services for both startups and big enterprises. The main aim of the company is to power businesses via digital solutions. Moreover, the company has delivered 700-plus solutions all across the globe building long-term business relations with each client. It allows for delivering unique IT solutions as per the client’s needs. The company uses cutting-edge technology to adopt new packages and solutions.

Altamira uses cutting-edge technology to offer different services like web and software development, UX designing, and mobile apps, including Fintech. The main focus of the company is Healthcare, Finance, and Real Estate.

With ten years of business experience, Miquido offers full-stack development with cutting-edge technology to transform businesses into exceptional digital products. It has delivered more than 150 business solutions across the globe, catering to big brands.

The company offers web and software solutions, mobile app development, Big Data Analytics, UX designs, product designs, and strategy based on  Fintech.

The main focus of the company is Finance, Healthcare, Retail, Art, Entertainment, and business services. It has created an exceptional niche in development, making it the best choice for startups and large enterprises.

EffectiveSoft is a global software development company that offers customized client-oriented solutions that work with the latest technology providing tangible business results. The main services of the company include – web and software development, UX designing, wearable app development, Blockchain, Cloud computing, and Fintech development. And serves areas like  Finance, Banking, Healthcare, Information Technology, Business Services, Real Estate, and Transportation.

EffectiveSoft incorporates and customizes different trading platforms. It integrates with services like automated trading, mobile trading applications, cryptocurrency, and currency exchange software.

STX Next is a Poland-based company that offers result-driven exceptional codes. The team of 250 developers works on complex projects to provide the best results on software development, mobile development, Blockchain, UX design, eCommerce, and Fintech software development.

It mainly focuses on Finance and Payments, Advertising, Marketing, Transportation, Logistics, and other business services. STX Next has more than 17 years of experience providing full-stack web development to clients globally. Their expertise gives flexible & reliable solutions in a short time that delights clients.

UppLabs is one of the top 10 Fintech software development companies with ten years of experience. It has more than 1000 successful deployments with out-of-the-box solutions. The company has more than 50 successful setups of dedicated deployment teams.

The company offers a range of services like – mobile app development, Fintech software development, web software development, Cloud computing, Big data analytics, and Blockchain. Moreover, it focuses on legal and compliance issues, giving it an edge over other companies.

Qulix systems is a global software development company that offers various software solutions for small and big enterprises. The company is located in Poland but has centers worldwide. It caters to different business needs and offers customized business solutions.

They are known for web and software development, UX designing, mobile app development, Cloud computing, and of course, fintech software development.

It also offers consultancy solutions for various business needs. It’s a great deal for all startups and companies that need experience in the development field.

Capital Numbers is a certified software and global solutions provider with a team of full-time experts. It features in the Top 10 fintech software development companies for providing scalable and high-performing digital solutions focusing on the client’s needs. It offers different development solutions like – Cloud development, IoT, AI, Big data solutions, Predictive Analytics, and Fintech development.

The company ensures that the work gets done with professionalism and affordability. Moreover, it provides full-stack development solutions inducing digital capabilities for improved customer experience. You can expect superior quality products as the company works on quality assurance and testing.

InnovationM is the best software and mobile app company based in India. The company transforms the ideas into a forward-thinking business by building end-to-end solutions and applications. It caters to different needs like applications, software, and websites.

InnovationM offers different services like Digital Transformation, Web design and development, Fintech software development, AWS services, UX design, Big Data Analytics, and mobile app development built on modern architecture and design patterns.

Moreover, it helps to mobilize your company and solves real business problems. And helps customers of all sizes to build and migrate mobile applications on AWS for Fintech solutions.

Uptech is one of the top 10 Fintech software development companies that helps develop an idea into a full-fledged product. It works on creativity, expertise, and a product development approach.

And offers intuitive, user-friendly IT services, including mobile app development, web app development, UX design, and Fintech software development. Moreover, it works in the early stages of development for result-driven output. The best part is it helps in the project development cycle from idea to execution.

Two More Companies You Can Consider:

Appventurez is a leading mobile app development company that provides tech-oriented solutions to clients. It works on enhancing the overall product lifecycle.

The company has 9+ years of experience in web and mobile development. And has partnered with different clients to deliver various solutions like mobile app development, web software development, Fintech software development, and UX designing.

The company has majorly served in  Finance, Transportation, Logistics, Hospitality, and Retail sectors. The best part about the company is that it provides services like business analytics and strategy with quality assurance and complete project management.

Sombra is a global software development company providing consultancy services, product design, and customized software solutions.

It offers UX design, software development, Fintech, and eCommerce development.

Sombra has developed over 300 Finance-based mobile and web applications, so the company has great expertise in Fintech development. It helps businesses expand their Finance and Investment portfolio with modernized software solutions.

To Conclude

With this list, you can rest assured that you will find a good Fintech development company for your business needs. To make the process easier, list down the things you are looking for in a company and evaluate the features.

Once you are sure of the features, you can hire a company. Moreover, you can check the best matches based on your requirements.

The budget also plays a significant role in choosing a Fintech company. Though, most companies provide cost-effective services that fit your budget.

Discuss your business objectives with the company and kick-start your Fintech development journey on the right note.

Featured Image Credit: Provided by the Author; Thank you!

Jigar Agrawal

Jigar Agarwal Digital Marketing Manager @eSparkBiz, Passionate about anything related to Digital Marketing. Wants to unlock the world of technology and Social Media where every day there is a chance of new possibility as well as innovation. He help every SaaS Development companies to improve their ROI.

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Fintech Kennek raises $12.5M seed round to digitize lending

Published

6 months ago

on

10/11/2023

By

Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

Published

6 months ago

on

10/11/2023

By

Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

Published

6 months ago

on

10/10/2023

By

Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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