Financial Software Development Services
Serving a wide range of industries, ScienceSoft gives special attention to the banking, financial services, and insurance sector (BFSI). Since 2005, 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 banking, financial services, and insurance industries increase operational efficiency, improve customer engagement and retention, and leverage new, more profitable business models.
ScienceSoft provides full-cycle IT consulting and 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.
Solutions to Handle BFSI Operations of Any Complexity
ScienceSoft develops purpose-built solutions and full-featured 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:
Web and Mobile Applications to Introduce Excellent Digital Customer Experience
Since 1999 in web and since 2005 – in mobile development, ScienceSoft 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 customer-facing BFSI apps for a rich variety of use cases:
ScienceSoft’s decades-long experience helps ensure the fast implementation, excellent quality, and long-term value of BFSI solutions we deliver:
- Since 1989 in IT and 750+ professionals on board.
- Since 2003 in cybersecurity to guarantee full protection of BFSI software.
- In-house compliance experts with 5–20 years of relevant experience to ensure financial software compliance with the required regulations.
- Well-established Lean, Agile, and DevOps cultures to provide prompt development.
- Quality-first approach based on a mature ISO 9001-certified quality management system.
- Robust data security management supported by an ISO 27001 certificate.
The Financial Times Includes ScienceSoft USA Corporation in the List of the Americas’ Fastest-Growing Companies 2023
For the second year in a row, ScienceSoft USA Corporation ranks among 500 American companies with the highest revenue growth. This achievement is the result of our unfailing commitment to provide high-quality IT services and create best-value solutions that meet and even exceed our clients’ expectations.
Our Customers Say
Head of eBanking
ScienceSoft powered Tieto with a competent team to develop products for banking services. The team has been delivering results within budget and time. I’m absolutely satisfied with the quality of their services, their development skills and responsibility as well as the way they manage communication with us and our clients.
We chose ScienceSoft as a technology partner for the mobile banking development project. We were pleased with the outcomes of the project, as well as with the collaboration mode. ScienceSoft brought to the table substantial expertise in mobile application development and explicitly customer-centered approach to the application design. We especially appreciate their professional approach to security issues, which were among our main concerns due to strict regulations.
CMO and Co-Founder
We wanted to build a multi-chain crypto wallet that would let users convert cryptocurrencies without commission. ScienceSoft came up with a go-to architecture, features, and tech stack for our multi-chain wallet, and introduced a detailed roadmap for crypto wallet implementation. In addition, they helped us develop a corporate website to represent essential technical information and a white paper for our potential customers and investors.
Designing for unimpeded growth
We create BFSI software with a cloud-centric scalable architecture to provide smooth integration with all required systems and support business growth.
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, security, and transparency of financial processes.
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 sensitive data it stores.
ScienceSoft's Featured Success Stories
Award-Winning Mobile Banking Apps
Secure iOS and Android mobile apps for a bank with $254 million of equity capital. The apps provide rich client-facing capabilities, from balance check and credit/deposit management to money transfer and payments, including automated recurring payments. Also, the apps cover the AR geolocation feature.
Online and Mobile Banking Solutions for an Asian bank with 3+ Mln Customers
Online and mobile apps provide functionality for account management, payments (including split payments), money transfers (including P2P transfers), virtual card creation and management, suggestions on the nearest of the bank’s 90+ branches, and more.
Mobile Payment Software for 18M E-Wallets
A complete solution for mobile e-payments for a well-known online payment system provider that serves over 18 million e-wallets. The app by ScienceSoft covers all common payment and money transfer operations and makes transactions fast and convenient for the users.
Online Bond Portfolio Management Solution
An automated portfolio management tool for a financial market information provider. The solution provides the financial and investment professionals with a toolkit to monitor their activities with bonds and Eurobonds, automate trading transactions, and instantly acquire the financial market reports.
Loan Management Software
An all-in-one loan management system for a microfinance company with 50+ offices across the US. The solution provides end-to-end automation of the company’s specific lending processes, convenient UX and UI for the company’s employees and clients, and top-flight security of sensitive data.
Cross-Platform Mobile Credit App
A mobile lending application for GeoCredits, an online credit assistant. The app provides vast self-service functionality for customers to navigate the banks’ cash loans and credit cards offerings, automatically create and submit loan applications, instantly contact customer support, and more.
Consumer Loan Management System for a European Bank
Software provides scalable storage for lending data and documents, offers loan origination, servicing, and analytics features for the lending team, and comprises a web app for borrowers enabling a single point of access to multiple credit accounts and convenient creation of loan applications.
Mobile Apps for a US insurance company with $61bln of total insurance value
iOS and Android insurance apps introduced self-service damage assessment and claim submission capabilities for policyholders. The insurer achieved nearly 50% reduction in the employee workload within 2 months.
Automated Trading Software Powered with Data Science
An AI-powered trading system for a US-based fintech startup. With data science, predictive and prescriptive analytics at its core, the system translates complex scenarios and multiple patterns into precise trading recommendations and allows traders to efficiently manage their investment portfolios.
Financial and Economic Modeling System
A business modeling tool for a company providing high-tech services in all sectors of economy. The solution helps data analysts easily build complex financial, economic, and strategic transaction models to get full insight of the current venture situation and uncover opportunities for the future.
frequently Asked Questions
All about BFSI and Investment
Solutions for Banks