BFSI
Empower Your Financial Domain With The Best Financial Software Development Company
Banking
- Retail Banking
- Investment Banking
- Commercial Banking
- Credit Unions
Insurtech
- Life Insurance
- Health Insurance
- Auto Insurance
- Property Insurance
Assets & Investments
- Asset management
- Wealth management
- Risk management
Payment Systems
- Debit/ Credit card payments
- Electronic fund transfers
- Mobile wallets
Financial Software
Commonly Used Software Solutions for Banks and Financial Institutions
- Account Management
- Customer Relationship Management
- Transaction Management
- Loan Management
- Compliance and Risk Management
- Security and Authentication
- Reporting and Analytics
- Transaction monitoring
- Risk scoring
- Credit scoring
- Identity verification
- Device recognition
- Case management
- Machine learning and AI
- General Ledger
- Accounts Payable/Receivable
- Budgeting and Forecasting
- Financial Reporting
- Tax Management
- Cash Management
- Fixed Assets Management
- Loan Origination & Servicing
- Underwriting & Disbursement
- Loan Repayment
- Collateral Management
- Risk Management
- Portfolio Management
- Multi-Factor Authentication (MFA)
- Access Controls
- Identity and Access Management (IAM)
- Encryption
- Vulnerability Management
- Payment gateway integration
- Fraud detection and prevention
- Payment tracking and reporting
- Multi-currency support
- Payment reconciliation
- Know Your Customer (KYC) compliance
- Anti-Money Laundering (AML)
- Fraud Detection and Prevention
- Audit and Control
- Regulatory Reporting
- Data Management and Privacy
- Cybersecurity
- Portfolio management
- Investment planning
- Risk assessment
- Financial analysis
- Estate planning
- Tax planning
- Reporting
- Market analysis and monitoring
- Trading and order management
- Portfolio management
- Compliance and regulatory reporting
- Algorithmic trading
- Back-office support
- Loan origination
- Investor management
- Loan servicing
- Secondary market trading
- Automated underwriting
- Mobile and online access
- Risk management
Tools & Technologies
Emerging Technologies Driving Innovation in the BFSI Sector
Artificial Intelligence (AI) | Blockchain | Digital Wallets | Cloud Computing |
Biometric Authentication | Robotic Process Automation (RPA) | Cybersecurity | Digital Signatures |
Big Data Analytics | Internet of Things (IoT) | Digital Twins | Open Banking |
Artificial Intelligence (AI) | Blockchain | Digital Wallets |
Cloud Computing | Biometric Authentication | Robotic Process Automation (RPA) |
Cybersecurity | Digital Signatures | Big Data Analytics |
Internet of Things (IoT) | Digital Twins | Open Banking |
As the financial industry continues to evolve, advanced technologies are paving the way for a new era of banking. Take the right step to unlock exciting possibilities and transform how you manage finance.
Business Scenarios
Banking and Financial Software Development Powering Different Business Use Cases
FinTech Regulations
Compliance and Regulatory Requirements for FinTech Businesses
The Fingent Approach
Financial Software Development Company Resolving the Common Challenges in the Financial Sector
Client Stories
Fingent’s Hallmark Software Solutions for Banks and Financial Institutions
Fingent collaborates with Mastercard to create and manage cutting-edge plugins that will elevate the experience for both Mastercard's support team and its network of merchants utilizing the Mastercard Payment Gateway Services.
This collaboration promises to deliver-
- Innovative solutions that further streamline and enhance the payment process
- Seamless experience for businesses and customers alike
OneAZ Credit Union, the largest Credit Union service provider in the State of Arizona, serves its members with diverse financial products and services improving their personal and social life. Fingent embarked on an analysis phase to reimagine OneAZ’s membership experience platform to manage its profile and analyze members’ requirements for providing tailored products.
Fingent’s solution proposed:
- Enhanced UI/UX with responsive design
- Scalable architecture
- Holistic membership information
- Enhanced security through Azure features
TaxSlayer, an income tax preparation business focussed on simplifying finance management with its suite of products. Fingent developed Workful, a Point of Sales System for Taxslayer that met the needs of merchants from multiple businesses and industries.
Outcome:
- Intuitive sales dashboard to rack crucial sales data
- Price and tax customizations for the products
- Track all transactions performed on the POS
- Manage transactions with card readers and payment gateways
ChargeItPro, an industry leader in payment processing together with Fingent, developed a mobile payment gateway solution for an effortless payment processing system, built on innovation and backed by meaningful connections and trustworthy customer care.
Fingent’s solution proposed:
- Device registration and configuration
- Email receipt and transaction logging
- Signature recording
- Gateway for credit card processing
Partnering with industry experts armed with the right knowledge and expertise can open up doors to boundless opportunities in the BFSI sector.
Cost
Cost of Developing Financial Software for BFSI Companies
- The size of the company and the scale of the software needed
- The level of customization and integration required
- The features and functionality desired, such as security and compliance measures, data analytics, and user interfaces
- The technology stack used, which can impact development time and cost
- The level of expertise and experience of the development team