FinTech Software Development
Finance is one of the most demanding areas when it comes to software development. A high level of security, pristine UI and UX, and great customer experience are all critical if you want to succeed.
Technological opportunities for FinTech
Introduce new assets, like cryptocurrencies, into your services.
Enable your customers to do more with easy-to-use software.
Personalized finance is the way of the future.
App for franchise owners
We designed a platform that works as a stock exchange for franchisers. The application is dedicated to those who want to invest in franchises and those who are franchise owners looking for investors.
FinTech is evolving extremely fast
One of the most exciting industries today, FinTech is growing at a breakneck pace. Already, people can invest into a rich world of different financial assets from the comfort of their own home, in a matter of a few clicks on their phone or computer. Thanks to advanced digital technologies, finance is becoming truly democratized. Digital banking, investing, saving and wealth management are available in the form of apps and web platforms that are personalized towards different kinds of customers. The competition is strong in this market, so you need to be smart and have better tech in order to thrive.
One of the key aspects of FinTech software development is security and compliance. This is an industry where it’s not enough to provide a great user experience. It has to be extremely secure, because your users’ money is literally on the line. People are smart and they recognize untrustworthy software quickly. So, the main challenge in FinTech is maintaining good PR, and a big part of that is making sure that your technological infrastructure is as safe as can be. Users need to be confident that their money is safe with you, otherwise you’ll be in a world of trouble trying to keep up with customer demands.
Validate your idea from a technological and business perspective with our experts.
Tailor-fit software combining bleeding-edge tech and your existing infrastructure.
Workshop data sharing platform
With this application, car shop owners can anonymously share data, identify trends, and compare their business to the local, regional, and country-wide averages. The idea for this project was born through several decades of market analysis. We coded the idea into reality for the web, Android and iOS.
In the Western world, digital banking hasn’t yet overcome traditional financial institutions. In the east, it’s a little bit different. Many countries had no financial institutions that everyday people could use for managing their money, making savings, and paying for things. Thanks to the ubiquity of mobile devices, this has changed drastically. Now, countries like China and India are at the forefront of FinTech innovation and the switch to digital currency.
Our reality is a bit different. Industry incumbents don’t give up easily, and all of the major finance companies have stepped foot into the digital world with different types of services. Startup founders can either go against them, or work with them in order to usher in a new era of finance.
The finance industry has evolved so fast that regulators aren’t quite keeping up with it. Blockchain and cryptocurrency are technologies that are still very misunderstood, and just two examples of many areas in finance that are ripe with scammers and bad actors. Which is why one of the big challenges in FinTech is building trust, and this starts with reliable technology.
You can’t have downtime or random bugs in FinTech software. You can’t have a hard-to-navigate design. Pristine user experience and an extremely secure backend are pretty much basic requirements in this industry. This makes FinTech software development much more difficult compared to many other industries. Put compliance requirements on top of that, and you’ve got a recipe for a difficult project.
It’s hard to say exactly if you should stick to older technology or use bleeding edge tech only. The best answer is probably a mix of both.
Some major companies still use extremely outdated programming languages like COBOL. These legacy infrastructures are extremely hard to rebuild so it’s understandable that they don’t see the need to switch, especially if it still works well. However, these issues don’t exist in new projects where you’re building something from the ground up, so it wouldn’t make sense to rely on such outdated technology.
Blockchain is by its very definition a bleeding edge technology, and many people promise it will change the world. However, public trust still isn’t there yet, the technology is at the stage of early adoption. Implementing a blockchain-only database could be a recipe for disaster, even though the technology is hyped up to be more secure than a conventional database.
Ultimately, the best mix for starting up or growing FinTech companies is somewhere in between bleeding-edge and tried & tested technology.
Maintaining good PR is a big part of competing in the FinTech market, and this starts with reliable technology and solid design. People don’t want to see dark design patterns in FinTech, nor irresponsible software development practices that cause bugs and crashes. Your software needs to be reliable, foolproof, secure, and easy to use.
If you’re looking for a technology provider to join your FinTech project, contact us and tell us what you need.
Our Clients say
Their team is extremely talented. The designers work very quickly and deliver great results and the development team has vast competencies in several programming languages, technologies, and software architecture (…). They’re also very committed and responsive, we didn't have to wait long for an answer.
, Analytics startup from Germany (NDA-protected)
As a non-technical founder, I’ve leaned on Angry Nerds to deliver all aspects of product delivery and support. I feel like a have a truly committed team by my side.
, FastAuth Founder
The development team has vast competencies in several programming languages, technologies, and software architecture.
A few words from us
My name is Michał, I'm a Co-founder of Angry Nerds. It’s great to see you here! Over the years, we’ve been working on hundreds of innovative software projects across all major industries. In our work, we combine a unique technological approach with a deep understanding of business. Our team is eager to turn your ideas into successful digital solutions.
Co-founder, Angry Nerds
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Let's get in touch!
Contact us today to receive a free quote for your app or project.