Custom software development for fintechWe design fintech solutions from scratch to leverage the most of your business opportunities. From gathering requirements, outlining the project scope, to unique UI/UX design creation and web and/or mobile development itself, our team will guide you through the whole process.
Fintech Software Development
Embrace digital transformation of your financial services with fintech software development by Apiko. Our full-scale financial software development process is specifically tailored to your business needs. Achieve improved operational efficiency, greater transparency, and superb user experience with a custom and reliable tech solution.Fintech software development services at Apiko
Harness the power of reliable custom software solutions to reach new business heights faster
Fintech MVP developmentTest your ideas by MVP development before investing the whole budget. Build the product with the necessary features only, spending less time and money while gathering feedback and attracting investors.
Team extensionEmploy our fintech software development services to grow your inhouse team, or to get a complete dedicated development team. Choose Apiko as your tech partner to expand your software development capabilities, and save extra time and resources needed for hiring.
DevOpsEmpower your software development team with the best practices of our DevOps department. During your project’s lifecycle, the main principle of DevOps is to ensure the continuity of the processes by automating operational tasks, setting up standardized environments and monitoring their performance.
Why to employ financial software development services?
Stay competitive and reach the desired efficiency: High-quality fintech software delivers advanced tools to help you automate, simplify and track repetitive tasks, analyze large data volumes and improve data-driven decision making, and ensure security.
Business-centric financial solutions
Employ custom financial software development services to create business-centric solutions with unique functionality and UI/UX design. You can opt for fintech tools like billing systems for automated invoicing, accounting software for cash-flow control, mobile banking, and much more.Data visualization & analytics
Build fintech software to visualize essential data, making it more informative, transparent and prominent. Such solutions foster comprehensive analytics, simplify metrics tracking, and enable strategic decision-making.Keeping your data secure
In the financial industry, data security is a number one priority. Fintech software should make sure your business data is protected. Powered with compliances, tokenization, blockchain, data encryption, and best security practices, we design financial tools that will secure all types of data, from individual messages to databases.Finance process automation
Fintech software automates key finance-related operations such as accounting, payments optimization, back-office operations, etc. with minimal human intervention. The financial tools, including AI-powered software, enable businesses to streamline their processes and make sure that everything runs as smoothly as possible.Mobile banking app development
78% of Americans prefer mobile banking apps to visiting physical banks, according to research by Forbes. These applications provide easy-to-access banking services. Such solutions enrich the experience of the bank customers, free the bank’s support team, and allow users to manage their accounts and money at any time from anywhere.Key features:Secure authentication
Chatbots and customer support
Account management functionality such as balance check, funds transfer, cashback and loyalty programs, etc.
An integrated map to locate ATMs and bank departments
Mobile payments, including QR code payments
Push notifications
Banking mobile app redesign and development
Customer:A branch of the Greek Piraeus Bank Group, Piraeus Bank Ukraine offers a wide range of banking services to individuals, SMEs, and corporate clients across the country. Their team requested a full UI/UX audit of the mobile banking app built by their former software development vendor. It became obvious that besides the redesign, application modernization required some serious improvements.Value delivered:All items are delivered faster than expected. Super fast feedback even on big requests, you would get a concept next day, and it helps a lot to synchronize and check if we are on the right track, and not to lose time later.
- Full UI / UX audit of the existing app
- Roadmap of changes to be implemented based on the audit
- Documentation/guidelines
- New designs and features development
- New customer onboarding (from scratch)
- Card tokenization
- Cashback UI
- New deposit opening process
- Deposit section full redesign
- Main screen and card account details redesign
- Virtual cards design
- Landing pages for marketing campaigns
- Authorization with biometrics integration and new selfie validation
- Enhanced password reset process, etc.
Mike Sergienko,
Chief Digital Officer (CDO) of Piraeus Bank Ukraine
Accounting and tax management app development
Tax management is a complex though an integral procedure for businesses. To help automate this process, employing tax management software can be extremely useful. Build a solution that helps users fill in their tax forms using pre-developed templates, track expenditure and earnings, calculate the amount of taxes needed to pay, gather reports, etc.Some of the key features are:Payment gateway to enable financial transactions
Tax calculator
Tax filing
Templates of tax management documents
Reports and analytics
Fintech SaaS development: making tax filing on-the-go real!
Customer:Ageras provides superb user experience, distinguished by the ease, intuitiveness, and transparency of coping with accounting, banking, and tax filing routine. All-in-one fintech solution development is aimed to empower everyone to take care of their businesses by themselves, without assistance of financial specialists, in the shortest and at the most convenient time.Value delivered:A fully customizable and highly flexible set of features, including.We simply love the team assigned to us. They provide great work and are very dedicated to our product development. They treat the code like it's their own baby and not like it’s some short-term project like other consultants do! We're really happy about it.
- Accounting, streamlined with AI-powered receipt data recognition
- Banking
- Invoice management with fully customizable designs to match your business branding
- Payroll automation
- Tax management
- Lending automation
- Real-time data on business performance, reporting, and more.
Bastian Jerichow,
Chief Product Officer at Billy
Embedded accounting module development
Embedded accounting module is designed to become an integral part of your business management software. Besides the functionality a third-party solution would provide, it ensures full integration and customization to the peculiarities of your business processes, even if they are different for each of your clients, enabling real-time financial monitoring.
Functionality developed:
Chart of accounts
Accounts payable and receivable
Accounts flexibility and customization according to their peculiarities
Double entry accounting
Transfers in between the accounts
1099 reporting
Integration with extracta.ai for data scraping from uploaded PDF files, e.g. supplier’s address, products’ price, etc., and autocompletion of required forms.
Invoice management
Tax management according to the tax policy at the business location
Printable check generation
Batch generation
Client payments history, sales report
Profit & loss (P&L) report
General ledger (including ledger entries)
Balance sheet
Work-in-progress report
Financial year closing, and more.
Our financial software development process
Refined through years of delivering top-notch digital solutions to businesses all over the world, Apiko processes are built to make your digitalization journey smooth and productive. We cover all aspects needed for efficient software development for fintech, from project management, UI/UX design, web/mobile development, to delivery and maintenance.
Business analysis & requirements elicitation
Apiko is all about predictable software engineering. Before we start a project, our expert team of Business Analysts and Project Managers will closely examine your product idea, create a comprehensive WBS (Work Breakdown Structure) and present you with a ballpark estimate of the project.UI/UX design
Once we have gathered the requirements, Apiko UI/UX designer and Business Analyst work together to create a visual representation of your idea. We develop your product’s wireframes, clickable prototypes, and UI/UX design to gather early feedback. At this stage, Project Manager together with the Tech Lead also determine the required technology stack to bring about a reliable product within your budget.Technical development and testing
When the concept of your idea is ready, the prototype is created, and the technology stack is chosen, Apiko team can move straight on to the software development process. We hold daily scrum meetings and morning reports to make sure everyone is on the same page. Throughout the whole development process, Apiko QA team enforces effective quality control of your fintech software product. Automated and manual testing throughout each development stage guarantees your platform’s smooth and high-quality functioning.Platform support
Apiko tech engineers are not only responsible for the delivery and deployment of your software, but also for the assistance and support even after the solution’s launch. We aim for continuous partnerships and provide product lifecycle support, further integrations and improvements on a long-term basis.Fintech trends
Stay ahead of the competition by making the most of your financial processes digitalization.
AI-powered text and image recognition
With optical character recognition (OCR) you can extract information from receipts and invoices (e.g. the amount paid, payee details, the date of transaction, etc.) automatically categorizing it, and integrating the data into your financial management system.
Biometric cybersecurity and authentication
Biometric image recognition, such as facial recognition or fingerprint scans, enhances security by providing an additional authentication layer for mobile banking and payment apps. It also allows matching selfie images with ID documents for seamless digital onboarding of new clients.
AI chatbot assistance
Take your fintech user experience to the next level with implementation of conversational chatbots. The versatile ways of their application can help you streamline clients onboarding, reduce the call center workload, effortlessly leverage your business’ historical data and enhance data-driven planning and decision making, and much more.Fintech software types
From simple mobile payment apps to complex financial platforms for enterprises, Apiko can provide you with our in-depth software development expertise and top talent to create an effective fintech solution your business needs.
InsurTech
Insurance technology is one of the fastest growing sectors of the financial software market that is expected to reach $1.19 billion by 2027. InsurTech makes it easier for customers to get and manage their insurances, and for companies to streamline their operations as well as the quality of the services.
Key features:
- Data storage
- Document management
- Billing and invoicing to monitor transactions and issue receipts
- Reports
Payment gateways
Payment gateways are widely used by eCommerce websites allowing customers to perform financial transactions paying for their orders with the help of debit or credit cards. Some of the popular payment gateways are MasterPass, LiqPay, and PayPal.
Key features:
- Secure payment processing of different credit and debit cards
- Payment analytics and reporting
- Multi-currency international payments
- Customer information storage for instant payments
- Third-party integrations
Lending apps
Lending apps make it possible for users to borrow from other people on a virtual peer-to-peer marketplace. Platforms like these usually focus on reducing operational costs to make more attractive terms for investors than ordinary banks. The global P2P lending market is expected to achieve $558.91 billion by 2027.
Key features:
- Loan calculator to determine monthly loan payments
- Database of users’ credit stories
- Loan application and user verification
- Payment schedule and billing
- Financial transactions such as money transfers and withdrawals
Mobile payments and eWallets
Global mobile payment market is expected to reach $12.06 Trillion by 2027. Mobile payment services allow customers to transfer money in an instant, ensuring the security and seamlessness of transactions cash-free.
Key features:
- Contactless payments with NFC readers and QR code scanners
- Security like TLS encryption, firewall, multi-factor authentication
- Instant money transfers between mobile wallets, bank accounts, or virtual cards
- Bill payments
- Push notifications
Mobile banking
Mobile banking apps are quickly becoming way more popular than traditional institutions in providing easy-to-access banking services. Such solutions enrich the experience of the bank customers, free the bank’s support team, and allow users to manage their accounts and money at any time from anywhere.
Key features:
- Secure authentication
- Chatbots and customer support
- Account management functionality such as balance check, funds transfer
- An integrated map to locate ATMs
- QR code payments
- Push notifications
Tax management
Tax management is a complex though an integral procedure for businesses. To help automate this process, employing tax management software can be extremely useful. You can build a solution that helps users fill in their tax forms using pre-developed templates, track their expenditure and earnings, calculate the amount of taxes needed to pay, gather reports, etc.
Key features:
- Payment gateway to enable financial transactions
- Templates of tax management documents
- Tax calculator
- Reports and analysis
Accounting systems
Every business has to deal with money transactions and, to do it effectively, accounting systems and bookkeeping applications are a must. Fintech solutions, such as payroll software, billing and invoicing software, Enterprise Resource Planning (ERP) systems, are used by organizations to keep track of their expenses and revenues in one place.
Key features:
- Basic accounting functionality such as chart of accounts, invoicing, and financial reports
- Payroll and time tracking
- Expense tracking
- Asset management
- Reporting and analysis
Personal finance apps
Tracking one’s expenses is vital for preventing inefficient budgeting and impulsive spending. Personal finance apps enable users to keep a record of their finances seamlessly, without the need to dig through piles of receipts. Because money management apps deliver considerable value to users, they are in great demand, expected to reach $1,58 billion by 2027, and a good opportunity for investment.
Key features:
- Data visualization with an analytical dashboard
- Personalization
- Security and standards compliance
- Integration with different banks and payment systems
- Tracking bills and expenses
- Multi-factor authentication
- Notifications and alerts
- Help and support
Fintech software case studies
Questions you may have
Learn more about our flow
Financial technology helps organizations take care of their financial functions with the support of advanced tools and features. The fintech software market is rapidly growing and is expected to reach a value of USD 25.48 billion, at a CAGR of 8.97% during 2021-2025.
Organizations, which choose to outsource their fintech project development can benefit from the process significantly in the following ways:
By outsourcing, companies can gain access to new talents and their extensive expertise cost-effectively
Take advantage of structured and well-organized IT processes based on proven practices.
Get exceptional quality at a lower cost.
Free the in-house team to focus on core business processes.
The fintech industry is undergoing rapid development. Whatever sector you choose, having an idea that solves your customers’ pain points, a reliable software development team and the right technology are the things that matter the most. Study your niche and potential customers, outline the functionality that may be helpful to them and choose a software agency that will bring it all to life. If you have any questions about fintech software development or need a team for your product’s implementation, you can fill the contact form and get a free consultation from Apiko.
Main technologies we use for fintech software development
By utilizing a number of frontend, backend, DevOps, infrastructure and database technologies, Apiko delivers comprehensive and competitive fintech solutions customized precisely to meet our clients’ exact requirements.
Infrastructure
Frontend
Backend
Databases
Testing
Mobile
Programming languages
AI
