Financial Services
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Fintech software development company
We deliver FinTech innovations that drive smarter financial management to support our customer needs
Our financial software development services
- Investment banking
- Broker – dealers
- Mobile and internet banking apps
- Investment advisors
- Real-time online auctions
- Quote management system
- Mortgage and loans
- Asset and wealth management
- Finance application platforms
- Digital finance and accounting
- Accounting software integration
- Cash management solutions
- Mobile payment processing
- Cards and payments
- Blockchain and identity management
- Capital management solutions
- Reward & loyalty management systems
Challenges Affecting the Financial Services Sector
Since the 2008 financial depression, there has been an increase in the complexity in regulations related to earnings and credit losses. Banks, insurance, and other financial companies need to comply with the many new and changing regulations and policies that often strain resources and make data management a challenging task.
Banks and other financial institutions need to adopt a mentality of fast-paced digital transformation to avoid the threat of becoming obsolete. They need to renew existing systems, develop new platforms to foster innovation, and adopt new technologies to keep up with an increasingly dynamic market.
Today’s smarter and savvier customers expect more personalized and convenient banking experiences. They demand more meaningful interactions and tangible results through simple and intuitive interfaces on any device, anywhere, and at any time.
High-profile security breaches, financial frauds, and identity thefts have continue to grow in frequency at alarming rates. It’s crucial for financial institutions to invest in technology-driven improvement measures that facilitate stringent authentication, encryption, and verification of payments, transactions, and execution of contracts.
How custom financial software solutions help
Enabling Efficiency with the Right Financial Technology
Leverage Technology to Offer Personalized Experiences
Addressing Regulatory and Compliance Needs
Improved Procedures and Secured Payment Processing
Contact Us
FAQs
Chatbots, big data analytics, blockchain integration, artificial intelligence (AI), cyber security, Robotic Process Automation (RPA), mobile, and cloud are the most recent technologies that influence and transform the banking sector.
FinTech refers to computer programs and other technology used to support or enable banking and financial services. Lending platforms, loan origination software, commercial loan software, mobile and online banking services, insurance CRM software, digital payments, personal finance software, RegTech (regulation and compliance management software), risk assessment and fraud detection software etc. are some of the common categories of FinTech.
Both banking and financial services sectors provide investors with various options for managing their wealth. The main difference between the two is that banks can obtain deposits and financial services firms cannot. Financial services firms offer a larger range of services than a bank such as asset management services, insurance services, financial research facilities, etc.
Blockchain is a Distributed Ledger Technology (DLT) that can bring down costs, safely execute transactions, improve transparency, and auditability of operations. A blockchain is a chain or series of blocks that stores each transaction details within a block. Whenever a new transaction occurs, a new block is added to the chain. Each block of data is connected and secured, and requires the approval of all parties involved for a transaction to take place successfully.
Unlike the traditional database, information resides in unique repositories (distributed database) and hence the data remains secure. Blockchain is transforming the future of finance by delivering increased security, enhanced data recording, and faster processing.
Artificial Intelligence (AI) is used by financial services providers for risk assessment, fraud detection and management, financial decision-making, determining future patterns in the market, trading and investments, personal financial management, compliance, anti-money laundering and fraud detection, payments processing, and personalization of customer experiences.
Several processes can be automated to save the productivity and performance of employees in the finance sector. Accounts payable, accounts receivable, reconciliations, handling rule-based disputes, invoice verification, planning, budgeting, forecasting, treasury process, operational and general accounting etc. are some of the popular automation use cases in vogue, currently.
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