Top 10 Financial Software Development Companies 2023 to Look Out For

When shortlisting top financial software companies for this blog post, first and foremost we paid attention to their market longevity and relevant portfolio of case studies. Therefore, we selected 10 financial software companies that have been operating for 5+ years, with strong portfolios of projects delivered for the financial industry, and trustworthy reviews from customers. We considered financial software development companies with hourly rates ranging from $25 to 149, operating in the Americas and Europe. 

Read on to find the best option for your next project! 

• Hourly rates: $50 - $99 / hr
• Company size: 250+
• Founded in: 2008
• HQs: US
• Development center: Poland

Symfa is an international software development company with a strong focus on Finance and Insurance domains. Their core mission is to craft robust, fault-tolerant solutions that adhere to stringent global data security standards, including GDPR, PCI DSS, and AML compliance. In addition to the expertise in building bespoke solutions from the ground up, Symfa excels in revitalizing legacy systems through modernization projects. This entails a range of services such as diverse migrations, API-led connectivity, and code quality refinements. The team comprises highly skilled developers proficient in ETL solutions,  BI development, and innovative technologies, such as Blockchain and Machine Learning. Such skills combo empowers to deliver applications helping customers to overcome data-related challenges, enhance decision-making processes, and deliver exceptional customer service. Besides serving global enterprises (including Fortune-500 companies) and mid-sized financial market players, Symfa also partners with FinTech startups, assisting them with POC and MVP development.

• Hourly rates: $50 - $99 / hr
• Company size: 50-249
• Founded in: 2000
• HQs: US
• Development center: US, Latin America

For 2 decades Praxent has been delivering development services for financial companies. They adhere to the “modernize rather than rebuild” concept and help their customers with technical debt reduction, complex integrations, and new functionality growth. The agency considers user experience as a #1 priority and focuses on delivering hyper-personalized fintech solutions able to satisfy even the most discerning customers. 

• Hourly rates: $50 - $99 / hr
• Company size: 50-249
• Founded in: 2015
• HQs and development center: Poland

Brainhub is a specialized software development agency delivering high-quality financial and banking applications of any complexity to clients of different scales – from seed-round startups to Big4 consulting firms. The vendor builds highly secure web, desktop, and mobile apps, and gives particular attention to customer engagement through excellent UX design.

• Hourly rates: $25 - $49 / hr
• Company size: 50-249
• Founded in: 2017
• HQs: Poland
• Development center: Poland, Ukraine

Geniusee is an ISO9001 and ISO27001 certified and AWS-recognized company, providing full-cycle development services for FinTech companies. Their portfolio encompasses blockchain-backed systems, trading applications, e-wallets, neobank platforms, and many more. With an unwavering commitment to security and compliance, coupled with proficiency in cutting-edge technologies and tools, Geniusee stands out as the preferred choice for a trusted partnership in the financial software industry.

• Hourly rates: $50 - $99 / hr
• Company size: 50-249
• Founded in: 2011
• HQs and Development center: US

Surf specializes in building mobile products for market leaders and startups in the B2B and B2C sectors. At the heart of their expertise lies the development of trading platforms and mobile banking applications. Notably, they have achieved the distinction of designing Europe's Flutter-based banking app for corporate clients, as well as crafting the neobank in Pakistan.

• Hourly rates: $50 - $99 / hr
• Company size: 1000-9,999
• Founded in: 2007
• HQs and Development center: Poland

Ailleron is a long-present in the market of companies providing financial software development services. The vendor has a 100% focus on finance and helps financial institutions drive their digital transformation from start to finish. In addition to their team of highly skilled developers, the company also has a pool of domain experts. This combination empowers them to craft top-tier solutions for globally renowned financial corporations and banks.

• Hourly rates: $50 - $99 / hr
• Company size: 50-249
• Founded in: 2011
• HQs and development center: Poland 

Miquido is a company providing full-cycle development services, so they can walk you through all development stages – from the discovery phase to support and maintenance. Their expertise is not limited to FinTech only  – they also serve customers coming from Insurance, Healthcare, eCommerce, Entertainment, and Education. The vendor successfully leverages Generative AI, Machine Learning, Data Analytics, Cloud Computing, and Blockchain Technology to imbue their products with genuine interactivity, scalability, and exceptional performance. 

• Hourly rates: $100 - $149 / hr
• Company size: 250-999
• Founded in: 2002
• HQs: US
• Development center: Poland, Ukraine

Apriorit has a strong focus on cybersecurity practices, which makes them a partner of choice if you are looking to develop financial software storing volumes of sensitive data. For Financial industry market players (among which are Fortune 500 companies) the vendor delivers cloud-based accounting solutions, secure smart contracts, private blockchain networks, DeFi applications, NFTs, and more.

• Hourly rates: $50 - $99 / hr
• Company size: 50-249
• Founded in: 2009
• HQs and Development center: Poland

10Clouds offers a comprehensive suite of services tailored to banks, FinTechs, lending firms, and other financial institutions. This includes consulting, backend, and frontend development, as well as UI/UX design elaboration. Additionally, they provide staff augmentation for organizations seeking to expand their teams or bridge skill gaps. The company delivered 100+ projects, a significant majority of which were within the FinTech sector. Their portfolio encompasses a wide range of solutions, including NFT marketplaces, data management systems, currency exchange platforms, cryptocurrency solutions, cloud-based banking platforms, and more. It's noteworthy that the company has a dedicated FinTech team having deep expertise in the area and dealing with industry-related projects only.

• Hourly rates: $25 - $49 / hr
• Company size: 250-999
• Founded in: 2007
• HQs and development center: Poland

Scalo is a Poland-based software development company with a focus on the Finance and FinTech domain. The vendor is a one-stop shop for financial companies – their pool of services includes custom development, software modernization, complex integrations with third-party systems and payment gateways, regulatory compliance management, RPA, and more.

Although a one-fits-all approach doesn’t exist, we tried to shortlist financial software development companies providing services for every taste and color. Despite the similarity of services vendors provide for financial institutions, each of these financial software development companies is one-of-a-kind and has its unique experience, approach, and concept.

So how to choose among the abundance of financial software companies available on the market if we speak about such a highly regulated industry as Finance? There is a plenty of factors, we’ll highlight several of them:

• Expertise and experience in the industry
  Choose a vendor with a proven finance sector track record. Their industry expertise is pivotal for project success. Their understanding of industry intricacies is one of key factors of project success. 

• Approach to cybersecurity and regulatory compliance
  Ensure that your vendor prioritizes data security and regulatory compliance to safeguard financial data and meet legal requirements.

• Approach to UX design
  Evaluate the company's UX approach; user-friendliness is crucial in financial software, impacting user engagement and satisfaction.

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