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How Much Will Your Financial Software Project Cost?
A full-service IT company with 18 years of experience in the financial technology domain, ScienceSoft ensures precise and transparent cost calculation and provides free, non-binding ballpark estimates to help our potential clients accurately plan their investments.
Use our service-specific calculators to quickly learn the cost for your digital initiative and check if our price ranges fit your budget.
Develop software or an app
I want to know how much it will cost to develop my solution.
Outsource QA and testing
I want to understand the cost of QA services for my case.
Get IT consulting services
I'd like to improve or transform my IT operations and need a custom quote.
Implement data analytics
I wonder how much it will cost to develop or upgrade my data analytics solution.
Outsource IT infrastructure
I want to learn the cost of managed IT infrastructure services for my organization.
Assess software compliance
I want to calculate the cost of compliance pre-audit for my case.
Conduct security testing
I wonder how much it will cost to check the security of my IT components.
Hire experts
I'd like to know the rates of the talents I need for my IT initiative.
Explore Our Sample Cost Ranges
Custom financial software development costs
- $150,000–$250,000 A native mobile app (for banking, payments, insurance, etc.).
- $200,000–$400,000 A client-facing web app (e.g., e-banking, investor portal).
- $200,000–$600,000 A specialized service operations solution (e.g., loan processing, insurance underwriting) of average complexity.
- $300,000–$1,500,000 Blockchain-based BFSI software (e.g., for cross-border settlements, lending).
- $800,000–$4,000,000 A large-scale process automation system (for insurance, mortgage, etc.) powered with intelligent analytics.
BFSI data analytics service costs
- $30,000–$200,000 Developing a separate data science component (for forecasting, fraud detection, prescriptive analytics, etc.).
- $100,000–$150,000 Implementing a descriptive analytics system for a particular business area (e.g., sales, underwriting, loan servicing).
- $200,000–$400,000+ Building a business intelligence solution that calculates KPIs across multiple areas (operations, finance, etc.), integrates with 3–7 corporate and external systems, and features predictive analytics using non-neural-network ML models.
- $500,000–$1,000,000+ Creating a complex analytics system powered with big data and AI/ML.
Security and compliance costs
- $10,000 One-time penetration testing of a client-facing app like a web e-banking portal.
- $8,000–$16,000 Code review of an internal BFSI application.
- $10,000–$20,000 Compliance pre-audit (for PCI DSS, NYDFS, GDPR).
- $20,000 Network security testing for a midsized BFSI organization.
- $40,000+ A phishing campaign combined with white box financial IT infrastructure pentesting.
- $45,000 QRadar implementation and user training for a BFSI company with 1K–10K employees.
Quality assurance estimates
- $5,000 One-time performance testing for a financial mobile app.
- $30,000–$70,000+ Audit of financial software QA processes and consulting on improvements.
- $20,000/month Continuous managed testing services for a BFSI organization that has 3–5 constantly evolving apps.
Managed IT support prices
- $14–$40 per ticket L1–L2 IT support.
- $3,000–$16,000+/month Financial software maintenance and L3 support.
Why BFSI Companies Choose ScienceSoft
- Since 1989 in IT services and software development.
- An inspired, high-performing team of 750+ IT experts.
- Over 3,600 success stories.
- More than 1,200 happy clients.
- Practical knowledge of 30+ industries, including BFSI, healthcare, retail, and manufacturing.
- Quality-first approach based on a mature ISO 9001-certified quality management system.
- Robust security management supported by an ISO 27001 certification.
- Partnerships with Microsoft, AWS, Oracle, and other technology leaders.
Our BFSI Clients Share Their Experience with ScienceSoft
What stood out was ScienceSoft's proactive suggestions for cost-saving architecture design and tech stack solutions. Their input ensured we stayed within budget without compromising on software quality. The value we derived from partnering with ScienceSoft is definitely worth the investment.
The guys really cared about the online payment solution they developed for my company and weren’t happy until they had it perfect. They ask the right questions and look for ways to improve on an idea. Their communication was really good, and they explained their approach to all development aspects.
ScienceSoft are true engineers who think long-term and propose strategic decisions instead of micro-fixes, and, what is equally important, they carry them out as planned. From network management to SharePoint farm integration to PKI rollouts, I know I can count on them to get the job done and keep everything in order.
