Today, life is unimaginable without software, apps, and finance. Furthermore, by the year 2027, only the software development market is expected to gain a worth of $1039 million. This estimate demonstrates a $22.54% Compound Annual Growth Rate from 2020 to 2027. Furthermore, another intriguing conclusion of a study indicated that the Fintech industry is projected to show huge growth, almost three times faster than the traditional banking system, from 2023 to 2028.
This remarkable development in the Fintech sector has surged competition among banking businesses. Furthermore, developing top-quality banking software is no joke. It takes a whole village of professionals with expertise in banking software and Fintech. Furthermore, good banking software development companies are acquainted with all the nitty-gritty details.
They are good at keeping things secure. Moreover, top banking software Development companies make multiple systems work smoothly together. We have your back if you are looking for the top banking software development companies. Furthermore, to aid you in your search for a software company worthy of your attention, we have compiled a list of such options. Therefore, it is essential to go through the details of the top 5 banking software development companies. A bonus tip before you delve into the list: keep in mind your goals and pre-decide whatever you want from the vendor.
Itexus:
With a vast range of expertise in Fintech, Itexus is a banking software development company known globally for crafting customized solutions. They deliver high-quality banking software catering to a wide range of banking requirements. Now, what gives Itexus an upper hand? The most obvious answer would be the modernization of legacy banking solutions that it offers. It increases overall productivity by minimizing human error with the help of automated banking setup.
To create further ease, it streamlines customer interactions. One of the most noticeable key projects of this company is its complete development of a bank from a US-based Fintech startup.
- Launching year: This banking software development company was launched in the year 2013.
- Employees: 50-200
- Location: United States of America
DeshDevs UK:
Top on our list, DeshDevs is a solution-oriented software development partner. From small business startups to large enterprises, DeshDevs serves all needs. Regardless of the size of your banking business, DeshDevs caters to your requirements.
This company has expertise in vendor integration, design, and navigating legacy regulations for different banks. They do so for other companies as well. Their main goal is to create comprehensive solutions catering to your business goals.
Competitive Advantage:
An advantage that specialized DeshDevs is their ability to create digital banks. For a smooth transaction experience, they integrate multiple Fintech developers. They are proficient in integrating more than 70 Fintech developers.
- Launching year: Since 2010, it has a significant experience of more than 13 years.
- Ratings: clutch 5.0
- Company size: 200+ experts
- Projects implemented: more than 500
- Services Provided: KO
- Fintech Consulting
- Dedicated Team
- Product Development
- IT Outsourcing Services
- Web Development
- Staff Augmentation
- Product Discovery
- Backend Development
- Technology Stack:
- Databases (MongoDB, MySQL, PostgreSQL, Elasticsearch)
- Native Mobile (iOS (Objective-C, Swift) Android (Kotlin, Java)
- Web & API Development (Node.js, Python)
- Frontend (HTML5, Angular, React, CSS)
- Cross-Platform Mobile (Xamarin, React Native, Flutter)
- Cloud Providers (IBM Cloud, Google Cloud, Microsoft Azure)
Finastra UK:
This Fintech company has its headquarters in London, England. It catches attention due to its benefits in the long run and forward-looking solutions. This company is committed to open banking, too. This advancement is like a blessing in disguise in a traditional banking system of closed setups. The main goal of this company is to break the barriers of legacy systems. They provide your business with the utmost transparency that it needs.
Competitive Advantage:
At this point, you might have wondered what advantage actually makes Finastra stand out of the crowd. Let me break it down for you. Finastra has an open fusion fabric software architecture. This open technology stack gives it the upper hand. This company looks forward to an evolutionary journey.
- Launching year: This company was launched in the year 2017.
- Implemented projects: 9.000+
- Company size: 10.000+ professionals.
- Services provided:
- Training & Certifications
- High-Value Services
- Partner Services
- High-value Services (US Community Markets)
- Preferred Active Support
- Managed Services
Mambu (Netherlands):
Mambu is a banking software development company with its origins in Berlin and headquarters in Amsterdam. Its mission is to bring financial services and core banking solutions into the digital-first world and provide customers with modern financial experiences. This company started as a service provider for microfinance institutions. Due to its wide range of services offered, it expanded its reach quickly.
This banking software development company distinguishes itself from the rest due to its lending services. It offers solutions for personal lending, retail mortgages, SME lending, and purchase finance. Additionally, they offer regular banking solutions, too. They provide stored value accounts, deposit covering and both personal as well as business banking and deposits.
- Launching year: Since 2013.
- Rating: Gartner 4.2
- Implemented projects: more than 200
- Company size: 600+
- Technology Stack:
- Javascript
- Google Analytics
- Apache
- Google Font API
- Google Tag Manager
- HTTP/2
SDK.finance:
SDK.finance isn’t just a Fintech provider; it’s a breeze of cold air in the Fintech sector for its avant-garde approach. This company isn’t your average Fintech developer. But who says that? Let’s explore. Something that makes SDK.finance stand out is its recognition from industry pioneers like Good Firms and Clutch.
It empowers businesses to create customized business solutions that tailor multiple needs regardless of banking business size. Furthermore, mentionable pros of this provider are its cost-cutting solutions and flexible API.
- Launching year: 2013
- Employees: 50 to 200.
- Headquarter: Europe
Conclusion:
In conclusion, it is essential to let you know that the top 5 banking software development companies you need to go through are discussed in detail. Furthermore, this article puts an end to your tiring hunt for a professional banking software development company. We have listed our top picks based on their key projects and the modern solutions that they offer. Similarly, just like other departments, the Fintech sector is also undergoing an unprecedented evolution. It demands developers to become more competent and efficient. Furthermore, from the list given, you can choose your favorite banking Software Company that caters to your area of interest.
