Financial software development services and solutions
We provide custom financial software and enterprise-grade solutions for banking, financial services, and insurance organizations (BFSIs) that want to establish effective, safe, and smooth financial processes and offer the best user experience to their clients.
Our expertise
We build fintech software from scratch and enhance deployed solutions or their components. We also make new financial solutions part of bigger software ecosystems and integrate them with third-party systems. Ensuring the highest security and regulatory compliance, we guarantee failsafe operation and protection of financial systems along with the data they process.
- Banking software
- Digital self-service
- Wealth and investment management
- Billing and omnichannel payment solutions
- Financial analytics
- Stock trading systems
We build end-to-end banking software ecosystems and separate banking solutions to enable central, investment, and commercial banks to streamline operations, optimize services, personalize customer experiences, and make data-driven business decisions. Besides core banking systems and mobile apps, we can build loyalty management automation solutions and ATM software.
Core banking systems
- Account management
- Payments processing
- Loan management
- Deposits and withdrawals management
- Insurance management
- Currency exchange
- Remittance and money transfer management
- Reporting tools
Mobile banking
- Account creation and management
- Customizable personal dashboards
- Payment reminders and security alerts
- Personalized location-based offerings
- Money transfer and payments scheduling
- Integration with IoT-connected wearables
Banking CRM
- Customer journey mapping
- Customer profiling and data accumulation
- Channel attribution and analysis
- Easy information exchange and synchronization
- Automating document management
We build intuitive financial self-service solutions that help your customers smoothly resolve any issues and facilitate account opening, KYC and AML procedures, onboarding, and claims processing. Our solutions streamline customer care and enhance client satisfaction, delivering 24/7 assistance and forwarding the most complicated issues to live agents.
Chatbots and virtual assistants
- Automated customer support
- Personalized recommendations
- Bias detection and investment guidance
- Expense tracking and budgeting
- Continuous learning and improvement
Self-service portals
- 24/7 availability
- FAQs and learning portals
- Secure authentication
- Personalized financial insights
- Customizable preferences
We provide fintech software development services to deliver wealth and investment management software that helps aggregate and process real-time market data, manage investment portfolios, analyze risks, and decide on the optimal investment time and amount.
We build real-time executive BI dashboards and proprietary stocks/investments scoring algorithms and equip our solutions with AI assistants to facilitate the decision-making process. The investment portfolio management solutions we build can facilitate the creation, synchronization, analysis, and diversification of corporate and personal investment portfolios.
Portfolio optimization
- Analyzing markets and volatility
- Rebalancing risks
- Diversifying portfolio
- Timely alerts and notifications
- Model portfolios’ management
Investment calculator
- Calculating potential profits and losses
- Calculating optimal position size
- Estimating the return rate needed to reach an investment goal
We deliver solutions supporting full-cycle billing and payment workflows, along with providing detailed transaction statistics and reporting. We also help enterprises implement mobile billing and payment solutions to help them run their business effectively across all devices.
We implement BLE beacons, NFC, HCE, RFID, and WLAN technologies, integrate back-offices with digital signage, self-service kiosks, POS, and mobile apps to support multiple payment types, such as credit, debit, prepaid and contactless cards, web and mobile payments, loyalty cards, and ecommerce payments.
Billing
- Payment processing
- Credit card processing
- Billing scheduling
- Overdue statements
- Recurring and subscription payments
- International remittance
- Partial payments
Invoicing
- Diverse invoice types
- Tax calculations
- Invoice tracking
- Payment reminders
- Invoicing of several entities
- Multi-currency invoices
- Calculation of charges
Mobile payments
- Contactless payments
- Mobile point-of-sales
- Online payments
- Self-service kiosks
- Peer-to-peer payments
- Money transfer applications
- Loyalty applications
- Mobile wallets
As part of finance software development, Itransition configures and deploys scalable and secure data warehouses, OLAP tools, financial business intelligence solutions, and artificial intelligence algorithms to aggregate, sort out, and analyze a vast amount of historical and real-time financial data from disparate sources.
High-quality financial analytics helps fintech players streamline business processes, handle vast amounts of sensitive data, and improve customer experiences.
Financial reporting
- Automated aggregation of financial data
- Interactive dashboards and data visualization
- Processing of income statements
- Processing of balance sheets
Predictive analytics
- Predicting global financial market trends and potential business outcomes
- Profitability analysis and modeling
- Planning and budgeting with what-if analysis
- Investment recommendations and portfolio optimization
Fraud detection and risk management
- Detecting violations and potential threats within scattered events
- Continuous recording and inspecting transaction details
- Behavioral patterns analysis
- Discovery and prevention of fraudulent activities
We build full-featured trading systems and standalone tools for financial institutions and private investors. Our solutions automate data-heavy tasks, optimize trading operations, assist with making better decisions, and help traders assess risks and cut down losses.
Combining data mining, deep learning, and machine learning technologies, we create AI-powered trading platforms to analyze massive amounts of financial data, predict stock fluctuations, assess stock-related risks and volatility, and provide recommendations on trading and investment strategies.
Market analytics and forecasts
- Fundamental and technical data analysis
- Stock market forecasts
- Sentiment analysis
- Backtesting and market cycles’ analysis
Stock data visualization
- Interactive charts and graphs
- Real-time market data streaming
- Customizable dashboards
Trading algorithms
- AI-based algorithmic trading
- Arbitrage opportunity identification
- Market making algorithms
Client spotlight
As a financial software development company with 20+ years of experience, we have delivered multiple solutions for banking and finance industry players. Hundreds of companies trust us to be their finance software development partner.
30%
Atlassian-based project management system
+30,000
Stock trading software development
Platform-based and custom financial software
We build custom financial software solutions and deliver platform-based implementations depending on our customer’s unique requirements and digital transformation goals.
- Atlassian
- SAP Commerce
- Custom software development
We implement and customize Atlassian tools, including Jira Software, Confluence, and Jira Service Management, to help our customers manage their projects and team performance and build IT service management (ITSM) solutions that streamline incident management and end-user request processing.
An official SAP partner since 2008, Itransition integrates SAP Financial Services Accelerator solution for banks, insurance companies, and other financial service organizations, helping them to deliver a more streamlined and personalized customer experience. Using this SaaS solution, we can customize quotation forms, enhance collaboration functionality, and integrate online self-service with native call centers.
Financial software
integrations we offer
We help BFSI organizations and fintech companies to stay at the forefront of digital innovations in financial software development by integrating emerging technologies into their financial solutions.
- Blockchain solutions
- AI/ML for finance
- RPA implementation
- Payment gateways
- Market data integration
With our custom solutions, we cover a range of blockchain use cases in banking, financial services, and insurance. We help these companies adopt distributed ledger technologies to bring in more transparency and security and make their offering more competitive.
Blockchain platforms
Webnoria implements solutions on top of recognized blockchain platforms, including Ethereum, Chain, and Hyperledger, and develops custom blockchain-based components for executing financial transactions, trading, and ensuring financial security.
Smart contracts
We implement smart contracts within your preferred blockchain platform to enable decentralized and secure transactions in various business domains. We help companies facilitate payments, deals, asset exchange, and crowdsourcing campaigns. We also audit the performance of existing smart contracts.
ICO consulting
We provide full technical supervision and assistance on ICO projects, developing tokens, smart contracts, wallets, and dedicated websites. This service range also includes setting up ICO management tools and security monitoring.
Artificial intelligence helps banks and other financial organizations optimize various operations in the financial sector, automating processes and providing individualized customer experiences. Among other use cases, AI is often applied for:
Portfolio management
Analyzing market trends and helping to rebalance risks and optimize portfolio
Loan processing automation
Automating all stages of a loan cycle, from risk assessment to repayment control
Credit scoring analysis
Assessing credit scores based on diverse customer data with maximum accuracy
Hyper personalization
Identifying user spending patterns and suggesting how to improve budgeting
Fraud detection
Continuously monitoring a plethora of events and identifying potential threats
Chatbot assistants
Facilitating the work of customer support specialists
Summary generation
Highlighting sentiment and keywords while processing specific documents
We help fintech companies automate numerous repetitive tasks and improve operational efficiency by implementing robotic process automation (RPA) solutions. RPA bots can handle time-consuming routine tasks, such as payment clearance and account settlement, sparing employees’ time for higher-value customer-oriented tasks.
Process automation
Loan processing and administration
Card processing and approvals
Dispute and fraud management
Automatic payments setup
Risk and compliance
Risk monitoring
Transaction monitoring
Internal and external reporting
Screening and alerts management
Client management
Client onboarding
Account setup and closure
Account servicing
Client and account maintenance
We use ready-made APIs and create custom connectors to integrate financial software with third-party payment gateways and provide end users with protected and easy-to-use payment channels.
We ensure integrations with the industry-leading market data providers, custodians and brokerage firms, and use vendor-agnostic historical databases to ensure our solutions accurately aggregate and visualize real-time and historical market and brokerage data so that users get a unified data view.
Financial software
essentials
The financial solutions we build have extensive capabilities and can boast fault-free performance, sustainability, regulatory compliance, and scalability in the long run.
Compliance
- In-depth analysis of system compliance
- Delivery of a long-term compliance roadmap
- Verification and validation of enabled compliance mechanisms
- Penetration testing and vulnerability scanning
- Pre-compliance reporting and recommendations
Security
We offer software security best practices and implement the latest cybersecurity technologies and tools, including artificial intelligence, to address current and potential vulnerabilities related to protection and privacy of personal data and sensitive financial information.
- Identity and access management (IAM)
- Security info and event management (SIEM)
- Penetration testing
We implement IAM solutions to automate the user account lifecycle, monitor access to sensitive data, and provide role-based access to resources.
- Identity management
- Role-based access management
- Protection of sensitive data
- User activity monitoring
We configure SIEM solutions that ensure complete visibility into networks, applications, and user activities to identify and prevent malicious intrusions and financial data leaks.
- Logged data aggregation within a network
- Real-time analysis of aggregated security events
- Long-term data storage for forensic analysis
We conduct penetration testing to identify system vulnerabilities and reveal non-compliant settings. We emulate an attacker’s activities to validate the security controls and offer feasible security enhancements.
- Web application security testing
- Client-side security testing
- Network security testing
- Remote access security testing
- Physical security testing
- Social engineering security testing
FAQ
Costs for developing software solutions for the financial sector greatly vary depending on the type of software you want to build and the scope of required features. Based on Itransition’s experience, financial solution pricing starts from $70,000 for a custom financial application to several million dollars for complex software systems.
We thoroughly analyze your business needs and determine the required feature set for a future finance solution to avoid stuffing it with unnecessary functionality.
Implementing an interactive approach to software development can also help to prioritize the most business-critical features to speed up the solution’s payback.
Moreover, our development team offers proven frameworks and ready-made components that will streamline the implementation process and thus help to cut costs.
You can contact us to get a consultation from our financial software development experts and discuss the optimal model for further cooperation. We usually provide full outsourcing of a BFSI project or offer a dedicated team to handle a part of the ongoing development project.