Financial Software Development Services
Serving a wide range of industries, Swift WebDesign gives special attention to the banking, financial services, and insurance sectors (BFSI). Since 2010, we deliver state-of-the-art BFSI solutions that bring 2–25x+ faster business processes, 5–40% reduction in operational costs, 10–15% increase in revenue, and 100% visibility of financial transactions.
Financial software development services are aimed to help companies from the banking, financial services, and insurance industries increase operational efficiency, improve customer engagement and retention, and leverage new, more profitable business models.
Swift WebDesign provides full-cycle IT consulting and custom software development services to help BFSI companies digitally transform their business operations and unlock new opportunities for growth. We guide our clients through the whole financial software implementation journey and give the highest priority to sensitive data security and achieving regulatory compliance.
Software Development for All Financial Service Domains
Banking
Investment and wealth management
Lending
Payment services
Insurance
Decentralized finance
Solutions to Handle BFSI Operations of Any Complexity
Swift WebDesign develops purpose-built solutions and all-in-one systems with complex financial logic to seamlessly handle even the most complicated, highly specific BFSI operations and sophisticated financial calculations. The examples of BFSI systems we create include:
Loan processing systems
Mortgage systems
Treasury systems
Insurance automation systems
Payment orchestration systems
Decentralized payment systems
Web and Mobile Applications to Introduce Excellent Digital Customer Experience
Since 2010 in web and since 2017 – in mobile development, Swift WebDesign knows how to create top-flight custom web and mobile applications for banks, financial services companies, and insurance providers. Our financial software development company delivers client-facing BFSI apps for a rich variety of use cases:
Banking apps
Money transfer apps
Payment apps
Lending apps
Insurance apps
Investment apps
Personal finance apps
Crypto wallets
Why Trust The Development of Financial Software to Swift WebDesign
- Since 2010 in IT and 10+ professionals on board.
- Since 2017 in cybersecurity to guarantee full protection of BFSI software.
- Compliance experts with 5–20 years of relevant experience to achieve BFSI software compliance with the required regulations.
- Well-established Lean, Agile, and DevOps processes to ensure fast development.
- Mature collaborative culture to drive sustainable long-term value of our engagements.
- Quality-first approach based on an ISO 9001-certified quality management system.
- Robust data security management supported by an ISO 27001 certificate.
Perks of Our Approach to BFSI Software Development
Risk-free cooperation start
Before the project starts, we provide a detailed cost estimate and analyze the economic feasibility of your initiative to help you confidently decide on further engagement. We are ready to sign an NDA before the introductory call to legally protect your confidential business data.
Stable development flow
We accurately scope the project, provide a detailed development plan with time and budget estimates, and introduce a tailored set of KPIs to measure cooperation success. We monitor the project risks and design a pragmatic risk mitigation plan to proactively address potential issues.
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Designing for unimpeded growth
We create BFSI software with a cloud-centric scalable architecture to enable smooth integration with all required systems and support business growth.
Focus on security
We follow the SSDLC best practices and design solutions powered with multi-layer data encryption, biometric authentication, intelligent fraud detection, and other advanced cybersecurity mechanisms to ensure full protection of BFSI software and the sensitive data it stores.
Driving value with advanced techs
With decades of experience in AI, big data, blockchain, IoT, and AR, we know how to employ advanced techs to improve the speed, accuracy, and safety of financial operations.
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Guaranteed compliance
We help our clients achieve and maintain compliance with AML/KYC regulations, GLBA, PCI DSS, as well as domain-specific regulations (SEC for securities and FX, FINRA for brokerage, IFRS17 for insurance, etc.) and regional standards (e.g., GDPR for the EU, SAMA for the KSA, NYDFS for NY).
Frequently Asked Questions
We analyze a client’s business needs to define an optimal feature set for the finance solution and avoid packing it with unnecessary functionality. We also apply an iterative approach to BFSI software development to introduce essential features first and enable faster payback from software implementation. Plus, Swift WebDesign relies on proven frameworks, platforms, and ready-made components where possible to streamline custom financial software development and cut cost.
Depending on our clients' needs, Swift WebDesign can provide full outsourcing of BFSI software development, a dedicated team to take over a part of the development project, or team augmentation with our best talents.
Swift WebDesign provides full-cycle design and development services to help fintech startups and traditional BFSI companies create innovative solutions that enable more efficient financial service models. For fintech companies specifically, we provide product, security, and compliance consulting services to help them step into the market with minimal risks and promptly succeed with the brand-new solution. Visit our dedicated page to learn more about ScienceSoft’s fintech development offering.
Financial Software Development Costs
Financial software development costs may vary significantly depending on the type of software you want to implement, as well as on the scope of the solution's functional and non-functional capabilities.
Based on Swift WebDesign's experience, financial software development costs may range from ~$10K (a custom mobile app for the finance company's clients) to $150k+ (a complex software system aimed to digitalize specific BFSI operations).
Want to know the cost of your financial solution?
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