Tailored Software Services for Financial Industry
Billions of financial transactions each day and clients’ growing demand for a digital banking experience are transforming the entire finance industry. Information Technology and the latest software are triggering this transformation with solutions for online banking, mobile payments, digital ID, data management and the adoption of Artificial Intelligence technology.
Dynamic regulatory changes shift the role of software services to introducing (or incorporating) Open Banking standards and API development, constituting the backbone of digital finance.
Get familiar with our portfolio of successfully delivered custom financial software development services by visiting the case studies tab.
Within the last decade, FinTech has drastically changed multiple sectors such as payments, electronic commerce, banking, social commerce, and wealth management, making them appealing to investors. Scalo provides versatile fintech solutions allowing our clients to scale accordingly to the ever-changing business requirements.
Change the capacity of our development teams working on your IT projects, by scaling up or down as your needs shift during the development process. Flexible billing models and cost-effective outsourcing services are particularly convenient in times of economic uncertainty.
We’re fully aware of the ongoing market slowdown, so we take the ‘client’s first’ approach to provide the best possible services.
Legacy apps as an obstacle to business growth in finance.
App migration from existing, outdated technology to a new, modern technology.
Clients’ demand for new channels for purchasing financial products and a better customer experience.
Software development for financial services brings online banking products offering financial services via digital channels.
Scaling customer support to build high-quality service, where immediate response times become crucial.
Chatbot implementation for the seamless availability of financial services.
Inefficient monolith architecture slows down software development and makes it harder to introduce new functionalities in your apps.
Microservice-based architecture to rebuild monolith apps and exploit new opportunities.
Fast-changing financial regulations influence business processes at the company.
RegTech. Custom Software product development to manage regulatory compliance.
The risk assessment process wastes too much time – including the precious time of your employees.
Loan management software development to cover lending processes, supported with AI-based solutions to speed up decision making.
Old, paper-based procedures become inefficient and generate costs.
Business process automation solutions to digitise internal workflows at the organisation.
Fintech is an abbreviation and an umbrella term for financial technology and refers to a variety of technology-driven financial services. Fintech firms use technology as a key component of their business model to provide a wide range of financial services. This can range from providing an online investment platform to providing loans or insurance.
Fintech firms, as the name implies, typically use technology as a key component of their business model. They may offer a variety of financial services, ranging from investment advice to lending money.
We offer end to end software development process for Fintech industry. The entire process consists of of conceptualizing, designing, building,deploying and maintaining software for a specific business need.