The usage of banking applications has prudently increased across the world. Fintech worldwide transaction value is expected to surpass $8 million. Being the fastest growing market, it has become a major investment interest among people.
Owing to that banking software development trend is booming tremendously. Altogether, the demand for financial software companies’ services is also increasing.
Following Stats Show How This Marketing Place is Changing
- Worldwide, Almost 25% of people have an idea about Blockchain technology and its significance in Fintech.
- Per Goldman Sach, the worth of Fintech is estimated to be $4.7 trillion.
- Globally, there are around 12,000 opened fintech startups.
- Ant Financial is the world’s biggest fintech company, which is boasting a net worth of more than $60 billion, giving more than 10,000 jobs.
- Worldwide 46% of companies agree that AI is one of the most relevant technologies for investment.
- 46% of customers are using digital platforms and channels for personal banking enthusiastically.
From the above, it is clear that Fintech is a growing trend, and banking institutions must adopt tech trends to fulfill its customers’ expectations. For this, banking institutions must adopt software development services from reliable & reputable banking software companies.
Though finding the right banking software development company is quite difficult, as there are a number of companies that promise expertise and quality but don’t get on expectation. If you are looking for banking software companies, don’t worry! As here, I am enlisting the top 5 banking software development companies.
The following companies I have selected by considering the following aspects:
- Experience in years and expertise (Average 8+ years)
- Technology support
- Awards and recognition received
- Rating on forums
- Services
- Hourly Price
Apart from these, I have been through a number of websites and lists enumerated for fintech and banking software development.
Top Banking & FINANCIAL Software Development Companies In 2023
Praxent
Praxent is known for providing innovation in the field of the software development sector. To continue outsourcing innovation for the long term, the company internalizes design thinking, do proper research in UX design, keep customers as a central aspect, perform rapid tests, agile development and user validation to carve intuitive and futuristic software applications.
While excelling in this sector for more than 20 years, the company is growing faster with a team of 70+ software designers and developers that offer impeccable software solutions across various industries. Over time, Praxent has thrived as a major banking software development company by serving financial institutions like Austin capital bank and more.
It has been featured in Inc 5000 and known for providing best in class financial application software. Owing to that it is one of the best financial software companies.
Year Of Experience: 20 years
Hourly Price: $100-$149/hour
Clutch Rating: 4.8/5.0
Services:
- Custom Software Development
- Frontend Development
- Application Modernization
- Backend Development
- Web Portal Development
- Cloud Deployment
- Web App Development
- DevOps Pipelines
- Mobile App Development
- Software Architecture
Celebrated Clients: Dimensional Fund Advisors, Texas Mutual Insurance Company, NORCAL Mutual, Amherst Holdings, Keller Williams, Sysco Foods, NRG, Kinder Morgan, The City of Houston, uShip, McCoy’s Building Supply, Cost Plus World Market, The University of TexasCMIC Group.
Technology Stack: Cloud, DevOps, React, Angular, Node, Python, and more
ValueCoders
As one of the top banking software companies, it’s goal is to implement & leverage its expertise in delivering one-of-a-kind financial software solutions, including payment gateways, banking system portals, digital wallets, bot financial advisors, and more. Valuecoders has more than 18 years of experience in custom software and fintech solution development; with a team of more than 450+ technology experts, they deliver increased data security and optimized ROI.
They deliver the best Fintech software solution and custom software development services to the world’s leading businesses and enterprises. The company has already delivered a blockchain-based fund transfer system called LipChain and many different types of banking solutions that enable easy and secured fund transfer. Its clientele includes 2,500 global business leaders, including small, medium enterprises, financial institutions, and more.
It tops the list of financial software companies and is greatly recommended for quality software development. They ensure non disclosure agreement and ensure guaranteed money in case of client dissatisfaction. If you want to create a fintech solution, you must reach out to valuecoders.
Year Of Experience: 18 years
Hourly Price: Starting from $25/hour
Clutch Rating: 5.0/5.0
Services:
- Custom App Development
- Web & mobile apps development
- Mobile App Development
- Cross-Platform App Development
- Application Maintenance
- Application Modernization
- eCommerce Development Services
- IT Strategy & Consulting
- Digital Transformation
- Software Product Development
- IT Staff Augmentation
- Quality Assurance
- DevOps Consulting & Engineering
Celebrated Client: Capgemini, SelectSpecs, Estel, Candor, Novea, Grundfos, ZenQ, EventDo, Dubai Police, RiskLogic, Track Opinion, Trekon, Rina, Tekion
Technology Stack: React Native, .Net, Java, Python, Chatbot, AI/Ml, Cloud, Blockchain, IoT, Power BI, and more
PixelCrayons
With a deep understanding of the banking and financial sector, PixelCrayons delivers robust and secure software solutions that streamline operations, enhance security, and drive efficiency. Their skilled developers have extensive experience building customized banking solutions, including core banking systems, online banking platforms, payment gateways, and financial management software.
PixelCrayons combines industry best practices, compliance standards, and emerging technologies to deliver software solutions that enable digital transformation. Whether it’s integrating APIs, implementing blockchain technology, or developing mobile banking applications, they ensure that their solutions empower banks and financial institutions to meet the evolving needs of their customers.
PixelCrayons’ customer-centric approach is evident in its collaboration with clients, involving them at every stage of the software development process. They understand the importance of aligning technology solutions with business goals and work closely with clients to define requirements, provide regular updates, and ensure timely delivery.
Year Of Experience: 18 years
Hourly Price: Starting from $25/hour
Clutch Rating: 4.9/5.0
Services:
- Web Development
- Ecommerce Development
- CMS Development
- Mobile App Development
- Custom Software Development
- Frontend Development
- Blockchain
- IT Consulting
- IoT Development
- DevOps Solutions
- Machine Learning Services
- Artificial Intelligence
- Cryptocurrency Development
Celebrated Client: Vodafone, puma, eBay, hp, next, Blacks, Kraft foods, DEBENHAMS, BOLS, Qatar Airways & more.
Technology Stack: PHP, Python, MEAN Stack, ASP.NET, Java, MERN Stack, Node JS, Flutter & more.
Andersen
The company incorporates a team of 1000 experienced and qualified engineers and developers. Moreover, the company enables you to hire developers by providing a CV review and 6-month warranty on all codes.
As one of the top financial software companies, Andersen has been awarded and recognized by several groups for its exceptional work and assistance in the field of banking and custom software development such as Red Hat, ISTQB, and more.
It’s a highly competitive and innovative team of developers, QA engineers, project managers, business analysts, and other development professionals who provide end-to-end services to its clients. Offering best-in-class support and services, the company is thriving as a one of the top banking software companies. Over these years, the company has delivered more than 640 successful projects.
Year Of Experience: 13 years
Hourly Price: $25 -$100/hour
Clutch Rating: 4.9/5.0
Services:
- Mobile developers
- Web developers
- QA engineers
- Project managers
- UI/UX designers
- Business analysts
Celebrated Clientele: GlobePayroll, Marvel, Samsung, IHS Markit Staff augmentation, Media Markt, and more.
Technology Stack: Python, Ruby, Node.js, Scala, Golang, Django, C&C++, Android, iOS, Xamarin, React Native, Cordova, Ionic, Unity, and more.
IntellectSoft
The company is thriving as a known digital transformation consultancy by offering cutting edge engineering solutions to worldwide organizations. Its mission to aid enterprise businesses speed up the adoption of modern technologies, provide tech solutions to complex issues that hinder the process of global digital evolution, and orchestrate innovation.
It is one of the trusted providers in the financial service companies list and incorporates a portfolio of strategic consulting, UX design, and development services. It follows a strategic development cycle management for tech integration, system implementation, and more.
The company has three distinct service models: For startups, one for small and medium business, and third one for large enterprises. Each model serves different needs, budget, and legacy architecture. As one of the well-known banking software companies, IntellectSoft has been delivering excellent solutions for over a decade. Its hi-tech sector technology stack is appreciated among its clients that enable them to undergo complete digital transformation. For fintech software development, it is an excellent choice.
Year Of Experience: 13 years
Hourly Price: $25 -$50/hour
Clutch Rating: 4.9/5.0
Services:
- Product Engineering
- Mobile Development
- Dedicated Team
- Digital Transformation
- IT Consulting
- UX / UI Design
- DevOps
- QA & Testing
Celebrated Clients: Universal Picture-Radar, London Stock Exchange Group, Wipro Technologies, Bombardier, Jaguar, Land Rover, Euorstar, Audi, Griffins, Hoosbaam, Universal, Giant, Gulls, and more
Technology Stack: Internet of Things (IoT), Blockchain (DLT), Extended Reality (AR / VR), Cognitive Computing (AI / ML), Customer Experience (UX / UI)
ALSO READ: HOW MACHINE LEARNING IN BANKING HELPS IN FRAUD DETECTION
Hedgehog lab
It is thriving as a global digital product consultancy that works with global brands and enterprises to help them in digital adoption for achieving desired business goals. It is in top five in the financial service companies list for its expertise in technology integration and business logic. Due to more than a decade of experience, the company is catering to exception design and product development services.
Its expertise can be witnessed in iOS, Android, Web, Immersive or voice-enabled software, where it provides exceptional design and engineering credentials. Due to this, it is thriving as the world’s biggest organization for custom and fintech software development.
Its team of passionate developers, designers, and business analysts is spread across offices in London, Newcastle Upon Tyne, Boston, and India.
Year Of Experience: 13 years
Hourly Price: $100-$149/hour
Clutch Rating: 4.7/5.0
Services:
- Web Development
- Mobile App Development
- Artificial Intelligence
- Immersive Experience
- Web Apps
- Design Sprint & Product Strategy
- Innovation Lab
- Research & Insight
Celebrated Clients: Microsoft, Llyods Bank, Financial Times, Northumbrian Water, Toyota, E.ON Energy, Jet2, AkzoNobel, B&M Stores, Santander, Deliciously Ella, Leisure Pass Group, CMC Markets, Kodak Alaris, Royal Pharmaceutical Society
Technology Stack: AI, ML, IOT, Big Data, iOS, Android, DevOps, AR/ VR, and more
Related: TOP 10 FINTECH SOFTWARE DEVELOPMENT COMPANIES
Bottom line
These are the top 5 banking software development companies that can help you secure a solution that can serve to modern users’ needs. As we know that now people are doing mobile transactions more frequently, and the cashless economy trend is deepening its roots, it is critical to secured banking solutions to prevent data breaches.
Moreover, connecting with a software outsourcing company that provides financial solutions by analyzing business needs and target audience can help in delivering excellent customer experience and reliance, which are the foundation of the banking industry.
