Since 2005, ScienceSoft has been an end-to-end AI transformation and software engineering partner for companies in the banking, financial services, and insurance (BFSI) sector. We help organizations adopt and scale AI, modernize core systems, and build new solutions, driving measurable business value despite time and budget constraints, changing needs, and arising risks.
Financial IT services are meant to help BFSI organizations create and operate tailored digital solutions smoothly, cost-effectively, and with minimal effort and risk. Addressing these aspects, ScienceSoft offers all-encompassing services, from technology consulting and software engineering to cybersecurity and IT support.
We help organizations in the BFSI industry identify high-value AI opportunities for their business and adopt AI through structured transformation programs that align strategy, technology, processes, and people.
We can support every stage of the transformation journey, from AI consulting and strategy development to AI governance design, enterprise AI implementation, portfolio and program management, and organizational change.
We offer full-cycle IT consulting and software engineering to help BFSI companies transform operations and unlock growth opportunities. Throughout the financial software implementation journey, we prioritize rigorous quality assurance, data security, and regulatory compliance to ensure solution reliability and support successful project delivery.
We upgrade your existing software to help you get a modern solution at an optimal cost and with minimal disruption to business workflows.
We design robust solutions tailored to your needs and deliver a detailed project plan for predictable implementation. For financial software products, we assist in idea productization, CX strategy creation, and market entry planning.
We monitor, troubleshoot, and upgrade all components of your financial IT infrastructure and apps to keep them stable, cost-effective, and relevant to your needs. Our teams adapt to your time zones and business hours.
We help protect your software and IT infrastructure from known and emerging cyber threats and achieve compliance with the required regulatory frameworks.
We build reliable, user-friendly apps and scalable data management infrastructures to help companies automate financial analytics and obtain clear, easy-to-navigate reports.
Financial software products
See how agentic AI helps investment teams uncover market insights and make smarter decisions. Built on LangChain and OpenAI LLMs, the agent can speed up investment analysis by up to 70% and boost analyst productivity by over 50%.
See how agentic AI helps insurers spot fraudulent claims. Developed on AWS Bedrock AgentCore and OpenAI’s leading LLMs, the solution boosts investigator capacity by over 40% and drives 20%+ higher fraud detection rates through call-based claim verification.
Mary Zayats
Head of Technology and Competency Development, Financial IT & AI Principal Consultant, ScienceSoft
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AI assistants for BFSI customers and employees
Financial AI agents and multi-agent platforms
Predictive analytics models for finance
Financial APIs and connectors
Remote monitoring and IoT platforms for finance
Blockchain-based financial platforms and apps
Robotic process automation (RPA) tools
Over more than five years, ScienceSoft supported us through every phase of this transformation and delivered a stable platform we can rely on. I commend how steady and transparent the team was throughout the process. On a project of this scale, late changes and new questions were inevitable, but ScienceSoft stayed responsive, flexible, and in control of scope and timelines.
ScienceSoft are responsive, technically sharp, and they communicate well with our people. When we've needed to move fast, they've stepped up and delivered. What I appreciate most is their proactive approach. They don't just wait for us to identify issues. They bring solutions to the table and help us prioritize what matters most. That kind of partnership is hard to find.
Since the start of our cooperation in 2016, ScienceSoft has been a reliable tech partner in our mobile banking development projects. We are impressed with their pragmatic project management, quality-first mindset, and transparent communication. ScienceSoft’s solution architects, developers, and QA engineers are true experts in their fields and have shown a deep understanding of the mobile banking specifics, which is critical for our business.
Partnering with ScienceSoft has been an excellent experience. Their team transformed our underwriting platform into a well-oiled machine. They identified and fixed several longstanding issues that had been causing us persistent difficulties. Their communication was exemplary; unlike our previous experiences with outsourcing, we never had to chase them for updates, and they were always prompt in responding to our queries.
ScienceSoft’s team quickly integrated into our development workflow, maintained transparent communication, and improved the efficiency of our in-house developers. Thanks to ScienceSoft, we achieved our project goals on time and within budget. They provided high-quality service and valuable tech insights that aligned well with our vision and specific needs.
In ScienceSoft’s projects, we care for compliant financial software design, establish a secure development environment, and perform rigorous compliance testing before the solution launch. We also advise on compliance cost optimization and can take over ongoing compliance maintenance.
Our compliance consultants and IT security teams help BFSI organizations achieve and maintain compliance with all necessary global and region-specific sectoral regulations and data protection standards.
With a mission to drive BFSI projects to their goals, we use our proven project management practices to effectively plan against time and budget constraints, agilely adapt to feasible changes, and pragmatically address risks. Our mission is supported by the ethical conduct we maintain in relation to our clients, business partners, and within the company. ScienceSoft's approach ensures:
Transparent collaboration
Agile response to risks
What are ScienceSoft’s cooperation models?
Depending on the client’s needs, ScienceSoft can provide full outsourcing of a financial software initiative, a dedicated team to take over a part of the tasks, or staff augmentation with our best talents. Check the detailed comparison table composed by our consultants to grasp the specifics of each sourcing option.
How do you price your services for BFSI?
ScienceSoft offers various pricing models (time and materials, fixed price, monthly subscription fee, per-ticket fee, hybrid, etc.), picking the fair one for each particular engagement.
How much would a specific service (e.g., consulting, engineering, QA) cost?
To obtain a free ballpark estimate, visit our dedicated page, where you’ll find self-service cost calculators for our most demanded financial solutions and services.
If you’d like to request a tailored quote directly, feel free to reach out to our team via live chat, email, phone, or the contact form.
How do I know ScienceSoft’s services will fit my budget?
We analyze the as-is state of your financial IT endeavor and evaluate its cost improvement potential, e.g., via comparing the TCO of your tasks performed in-house vs. by ScienceSoft or assessing the effectiveness of launching particular IT practices and tools.
As a rule, our best practices (resource selection and scaling, scope controls, Agile, DevOps, Integrated Manual and Automated Testing, risk mitigation, etc.) help our BFSI clients cut their current investments by over 2x.
How do you ensure high service quality?
To provide high-quality financial IT services, ScienceSoft maintains an ISO 9001-certified quality management system that rests on skilled and committed specialists, quality-centered leadership, transparent KPIs, collaborative decision-making, robust quality controls at each SDLC stage, and more.
When it comes to financial software quality, we apply accuracy-first design and development practices to build robust software with flawless automation logic.
What are your practices to guarantee regulatory compliance?
ScienceSoft designs custom financial solutions with operational (e.g., SEC, NAIC, SOX, AML/CFT) and data privacy (PCI DSS, GDPR, NYDFS, CCPA, etc.) legal requirements in mind and ensures 95%+ test coverage for the coded compliance rules. If you are entering an emerging market, we investigate its finance regulations and determine the relevant compliance requirements to cover. We can also handle continuous compliance maintenance.
How does ScienceSoft handle client data and intellectual property?
With an ISO 27001-certified security management system, ScienceSoft relies on a mature security strategy, tried-and-true tools, and skilled security specialists to ensure robust protection of the client’s digital assets we access.
Before our very first project discussion, we can sign a non-disclosure agreement (NDA) to legally protect your business data and innovative ideas. Moving forward, our Master Service Agreements (MSAs) guarantee that you retain legal ownership of the code created throughout our partnership.
How long would it take for your team to start the cooperation?
We process your initial request within 24 hours and guarantee a cooperation start in 1–3 weeks, depending on the intended service scope, resource requirements, and your preferred collaboration pace.
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In compliance with GDPR, your personal information will be collected and stored for ten years on servers located in the United States. After this term is expired, your information will be erased. We will share your information with our development center, which will handle your request. At our headquarters and our development center we apply the same level of care in respect of your information as prescribed with GDPR rules. For more information, please refer to our Privacy Policy.
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