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Financial Software Development
Banking, financial services, and insurance (BFSI) companies face constant pressure from regulators, customers, and competitors. Custom financial software is one of the most effective ways to cope with this complexity.
We provide full-cycle financial software development services to help BFSI organizations optimize their financial processes, comply with regulatory requirements and market demands, and deliver frictionless customer experiences.
Clutch proven
EffectiveSoft has been recognized by Clutch as a Top App Development Company. Our technical proficiency, versatile industry experience, and client-focused approach have been instrumental in achieving this acknowledgment, serving as a testament to our unwavering commitment to building flagship software solutions.
services
Financial software development services
EffectiveSoft develops advanced fintech software and modernizes existing solutions, ensuring reliable performance and safeguarding the company’s financial systems and data.
01
We build custom trading software that enables fast and secure transactions across asset classes. Our expertise covers foreign exchange (FX) software, equity trading platforms, automated trading systems, and cryptocurrency trading platforms—all providing real-time market data access and seamless connectivity.
02
Financial analytics solutions
From business intelligence (BI) systems to financial modeling tools, our team builds financial data analytics software that helps BFSI companies make faster, more accurate decisions. Powered by artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), our solutions enhance forecasting and analytics capabilities.
03
Risk management software
We design risk management software that assesses creditworthiness, monitors liquidity, and manages market and operational risks. To support regulatory compliance, our solutions include features like automated compliance tracking, audit trails, and data analytics.
04
Internal banking operations software
We create banking systems that support front-, middle-, and back-office operations. Front-office software enables BFSI companies to stimulate revenue growth, enhance customer engagement, and build brand awareness. Middle-office solutions cover risk management and compliance monitoring. Back-office systems facilitate routine bank personnel operations, including document management and administration.
05
Personal finance management software
We guide clients through every step of financial software solutions development, engineering personal finance management (PFM) systems that help clients allocate their budgets wisely and achieve financial goals. These PFM platforms bring financial accounts together in one place and include key functions such as bank synchronization, statistics collection, and report generation.
06
Investment and wealth management systems
EffectiveSoft develops investment and wealth management solutions that improve financial planning and decision-making. These instruments support investors and advisors with reporting, fee calculations, and data aggregation, while providing regulatory compliance, analytics, and accounting efficiency.
07
Banking software for customer services
To deliver high-end services to their clients, banks need secure, convenient, responsive, consistent, and flexible software. To meet this demand, EffectiveSoft develops customized banking solutions, including mobile and Internet banking apps, loan and mortgage systems, payment solutions, and accounting software.
08
Billing and payment solutions
Based on clients’ business needs, EffectiveSoft’s financial software developers create secure, easy-to-use billing and payment solutions and can integrate third-party payment gateways into existing apps. We provide systems that fulfill multiple tasks, from processing transactions and managing invoices to sending payment reminders and tracking digital receipts.
09
Custom accounting software
As a part of our finance software development services, we provide business owners with bespoke accounting apps, including commercial and customer payment software, revenue management systems, and billing and accounting solutions. These systems streamline key operations, improve financial accuracy, and significantly reduce operational expenses.
10
Open Banking solutions
Open Banking enables secure connection with thousands of banks worldwide through a single, unified API. We integrate fintech software with leading Open Banking providers like Plaid, Itexus, and TrueLayer. Our approach ensures secure consent flows and data exchange, as well as branded onboarding screens and country-specific bank lists. With Open Banking integration, businesses get access to bank accounts and transaction history—all with customer consent—which creates a foundation for personalized products and smarter financial management.
11
Managing finances in healthcare means meeting strict regulations, managing heavy administrative overhead, and avoiding costly billing errors. To address this, the healthcare industry requires high-performance fintech software. EffectiveSoft develops financial management solutions for quote management, underwriting, claims management, insurance billing, and payment processing.
solutions
Сustom software for financial services
We develop customer-centric financial mobile apps that allow users to efficiently conduct financial transactions online, track markets, receive reports, and manage personal finances.
Our financial software developers engineer secure web apps for online banking, trading, and payments, as well as custom websites on trusted content management systems (CMSs).
We craft desktop apps for BFSI organizations that value reliability and fast connectivity, crucial for real-time trading, market research, and data analytics. These solutions seamlessly sync with enterprise software and mobile apps.
Our developers deliver scalable and secure customer relationship management (CRM) systems that integrate with existing corporate apps and process large amounts of data in real time. These solutions help BFSI organizations establish effective communication with their clients, retain existing customers, and attract new prospects.
EffectiveSoft’s team builds enterprise resource planning (ERP) systems that connect, sync, and manage core business and financial operations. Our ERP solutions unify financial data from multiple sources, ensuring integrity and transparency across different departments.
We design big data analytics tools that enable BFSI companies to easily process and analyze large amounts of data. These solutions deliver actionable insights that contribute to data-driven decision-making and facilitate risk management, fraud detection, and regulatory compliance.
“With over 23 years of fintech software development experience, we know how to leverage emerging technologies and industry benchmarks to avoid common pitfalls and develop solutions that can effectively address even the most complex challenges.”
0:00 / 0:00
Evgeni Golovnev
Head of BA department
trends
Fintech software technology trends
Blockchain ensures the transparent and secure recording of all financial transactions. In financial software development, this technology supports real-time payment processing, enhances trade finance, and transforms asset management and insurance.
IoT-based solutions enable real-time data collection and analytics. They streamline payments, credit risk management, accounting, auditing, and customer service, while improving transaction security and overall customer experiences.
Cloud computing provides real-time scalability during peak loads, reliable and regulatory compliant data storage, and disaster recovery options—all while reducing infrastructure costs.
What about you?
Are you seeking a trusted financial software development company to build a custom business app? EffectiveSoft is ready to help.
our processes
Our financial software development process
Planning
Before initiating a financial software development project, we carefully gather project requirements, analyze exact business needs, and develop a comprehensive plan. This plan details project estimates, including scope, costs, time, and resources to be allocated. We also assess potential risks that may emerge during project execution.
Design
In the design stage, we consider the information collected during the planning phase to develop an efficient finance solution prototype and create an immersive user interface/user experience (UI/UX) design that enables straightforward navigation and interaction.
Software development
The financial software development process involves several key steps. First, our engineers select the most suitable tech stack for both back-end and front-end development. Then, our team ensures the newly built software integrates seamlessly with existing corporate systems.
Testing
Our quality assurance (QA) engineers conduct manual and automated tests to validate the quality of the finance solution before launch.
Deployment
After the custom-built finance software is thoroughly tested, we deploy it to the live environment, track its performance, ensure its long-term sustainability, and conduct corporate training for our client.
Maintenance
EffectiveSoft provides ongoing maintenance and support services, including software updates and bug fixes, to ensure reliable performance and keep solutions aligned with market changes and evolving customer demands.
Why us
Why choose EffectiveSoft?
End-to-end software development
EffectiveSoft delivers full-cycle financial software development services, from project planning to support and maintenance. BFSI companies rely on us as a single partner to accelerate time to market, reduce operational risks, and deliver secure, compliant, and scalable fintech software.
Technical expertise
Our Oracle– and Microsoft-certified engineers continuously expand their skills in advanced technologies. By leveraging AI, blockchain, and IoT, we provide solutions that automate complex operations, reduce operational costs, and deliver actionable, data-driven insights.
Proven track record
Since EffectiveSoft’s inception, our team has delivered over 1,800 projects, including hundreds for BFSI. This broad experience allows us to develop secure, scalable, intuitive fintech software that complies with strict regulations while meeting the market and customer requirements.
Transparency and Agile approach
We ensure our clients are fully informed about all aspects of their projects. Using the Agile approach, we maintain clear communication, adapt to changes, and continuously refine the solution, which results in a value-driven and expedited software development process.
Client satisfaction
Our clients value us for our professionalism, high-quality of our software solutions, and the reliability of our services. Their testimonials, along with our consistent presence in rankings of the best software development companies, confirm that EffectiveSoft is a reliable long-term partner.
Security and compliance
In the software development process, we put security and compliance regulations first. Our developers adhere to industry standards and best practices to engineer tamper-proof solutions that prevent security incidents and data breaches, protecting companies from reputational and financial damage.
technologies
Financial tech stack
- CSS
- React
- Meteor
- Ember
- Vue.js
- Next.js
- echo
- gin
- grpc
- IBM/sarama
- segmentio/kafka-go
- redis-go
- radix
- clickhouse-go
- mongo-go-driver
- SQL Server
- MySQL
- Azure SQL Database
- PostgreSQL
- Oracle
- Clickhouse
- Apache Cassandra
- Apache Hive
- Apache HBase
- Apache NiFi
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- Apache kafka
- RabbitMQ
- Nats
- Azure Service Bus
- Azure Queue
- AWS SNS
- Amazon MQ
- Amazon S3
- Amazon Redshift
- AWS EKS
- AWS Lambda
- Amazon CloudFront
- Azure Data Lake
- Azure Cosmos DB
- Azure Blob Storage
- Azure Kinect DK
- Microsoft Fabric
- Google Cloud SQL
- Google Cloud Datastore
- Cloud Bigtable
- Firestore
- BigQuery
- Dynamics 365
- Salesforce
- Adobe Commerce
- ServiceNow
- Power BI
- SAP
- Hadoop
- Apache Spark
- Apache Cassandra
- Apache Kafka
- Apache Hive
- Apache ZooKeeper
- Apache HBase
- Azure Cosmos DB
- Amazon Redshift
- Amazon DynamoDB
- Google Cloud Datastore
F.A.Q. about financial software development
Financial software development costs depend on the size and complexity of the solution, the features included, the time allotted for the project, and the proficiency of the software development project team. Contact our specialists for a precise estimate on your custom financial software project.
We focus on what matters most. Our team analyzes business demands and determines the core functionality of a custom finance solution. Where possible, we use proven open-source frameworks offering ready-made components, which also optimizes financial software development costs.
The typical time frame for completing a fintech project depends on the project scope, the resources available, and the specific client requirements. Developing a finance software solution from the ground up generally ranges from several months to a few years. For an approximate timeline for your project, drop us a line.
We implement security best practices such as encryption, authentication and authorization, continuous monitoring, incident response, and more, to safeguard the confidential and sensitive information of BFSI companies.
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tech stack
Technologies we use
