FinTech is rapidly gaining momentum in today’s tech-driven world. Providers of innovative financial solutions enjoy high popularity because of making financial services simpler, more convenient, and more affordable to previously unbanked populations. Thus, if you plan to tap into the FinTech market with your own attractive product offering, it’s time to choose a software development provider.
What Is a FinTech Software Development Company?
As the name suggests, FinTech software development is a sphere of web development specifically focusing on financial apps and digital solutions for money transfer and management. Thus, a provider of FinTech development solutions should be well-versed with mobile wallets, financial apps, investment apps, and other progressive financial solutions.
Why Are Fintech Companies So Important?
The times of traditional brick-and-mortar banking are already gone, as people want flexible and dynamic services available in a couple of clicks on the go. Thus, FinTech addresses this demand by offering innovative digital technology to clients. Besides, FinTech products often offer a lower threshold for entry, thus covering previously underbanked and unbanked people.
FinTech Software Development Expertise in Ukraine
Ukraine is a country in Eastern Europe famous for its large talent pool of software engineers and coders. Its favorable educational environment and quick adoption of innovative IT solutions make it ideal for FinTech software development outsourcing.
Numerous Ukrainian companies can deliver innovative digital banking solutions by engaging smart AI algorithms, chatbots, and outstanding process automation. Here you can get top-notch banking software meeting the highest security standards.
Wealth Management and Investment
Investment is becoming more accessible to a broader number of previously underserved populations. You can enter the market with advanced robo-advisors, analytical tools, algorithmic trading solutions, and mobile stock trading apps.
Digital Lending and Alternative Financing
A huge percentage of people in the world can’t access traditional financing from banks because of the absence of credit history. FinTech products use AI-based algorithms to calculate applicants’ anticipated wealth and revenue, thus expanding the lending coverage for many capable clients.
Millions of users around the globe require instant, affordable, and frictionless transactions from their service providers. You can enter this market with efficient and smart solutions created by Ukrainian software developers.
The Top 3 FinTech Software Development Companies in Ukraine
Here is our list of top FinTech software providers for you to consider. They all guarantee the top-tier software development quality and enjoy a spotless reputation among clients.
A long-established Brights with headquarters in Kyiv, Ukraine, and a sales office in Warsaw, Brights serves dozens of clients across the globe, including U.S. and UK businesses. Its team of 100+ in-house developers can easily manage any FinTech project, exceeding the client’s expectations with superb solutions, thorough R&D, and impactful prototype development.
A company founded in 2013, Itexus is currently one of the industry leaders in end-to-end software development solutions for businesses of any scale. The provider specializes in web and mobile applications, IoT, AI-powered solutions, and FinTech.
A US-based company with a large regional office in Ukraine, LeewayHertz has over a decade of a flawless track record in software development. They have authored 100+ digital products in FinTech, blockchain, AI, and web design, now enjoying popularity among millions of users.
How to Choose a FinTech Software Development Company?
Now, let’s briefly cover the parameters you can rely on when choosing a software provider. Before making the final choice, make sure you check these four characteristics.
First, check the staff’s tech stack to see whether they are experienced in C++, Java, Ruby, Python, and other programming languages instrumental in FinTech product creation.
Ensure that the provider’s software engineers know the cybersecurity standards for FinTech software creation and what security aspects they follow in the development process.
Ask the provider whether they have enough human and technical resources to expand your team on-demand if such need arises in the middle of work on your project.
Analyze the company’s portfolio to see what projects they completed before and what expertise their team possesses. A rich, diverse portfolio is a sign of the company’s universal expertise, which is definitely a plus.