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Banking Software Development

Can you afford not to evolve? Banking has become digital globally—the market is estimated to reach $30.1 billion by 2026, but to go digital means not only adding online banking services to your business. Software development in any domain requires an integrated approach and taking into account even the smallest details. In particular, in the banking sector, special attention should be paid to data security, customer experience, and simplification of procedures and processes. Our financial software development services will transform your business, providing digitization and automation. Geniusee offers management software for any financial institution. Let’s keep pace with innovations together.

Banking Software
Development Services

The development of banking software services is dedicated to increasing business efficiency and the satisfaction of all stakeholders. Geniusee provides an individual approach and offers custom software designed to simplify your business processes or process automation and guarantee a better customer experience. Aggravate competitors who call you sluggish or awkward without jeopardizing your business. We offer smart banking solutions by our expert developers according to your regulatory compliance.

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The modern world requires the digital transformation of financial institutions. We all remember the good old days when we could simply walk into the bank branch and find the solution to all of our problems. Now, customers prefer to find solutions to their problems online and chase new ways to solve them. Innovations are required for the banking system to:

  • stay at the top of the finest banking elite and thrive;
  • keep your customers and don’t lose them to Mercury, Chase, or Marcus banks;
  • abandon paper and move to electronic document management;
  • offer online customer service and instant solutions to their problems on all mobile devices;
  • incorporate a completely new approach to data security.

Such changes require the correct resolution of the issues of storage, transfer, and security of data, so experience and skills in banking software development solutions are vital.

Nowadays, mobile banking is a must have solution for financial institution. Online banking is designed to simplify solutions for customers’ problems and provide an impeccable customer experience with the product. With the development of a variety of online products and programs, customers are becoming more demanding about serving and solving their problems using their mobile devices and mobile applications instead of face-to-face communication with qualified specialists as was before. To address the new challenges, the mobile banking application should not only have the basic features of the bank (a money transfer service or loan solutions) but also, it is vital to provide:

  • innovations and modernization
  • personalization
  • bigger velocity rate than your competitors
  • user-friendly interfaces
  • security and confidence
  • 24/7 support
  • transparency

to improve user interaction with the mobile app while providing a completely unique custom banking approach.

New occurrences like remote work, in particular, from another country, relocation, workation, traveling as a lifestyle, and globalized supply chains require the ability to operate with different currencies in real-time. The development of centralized online real-time exchange or, in other words, core banking systems is an important competitive advantage for a financial institution. A core banking system is also designed to perform core operations of the banking industry like recording transactions, passbook maintenance, interest estimates on loans and deposits, consumer data, the balance of payments, and withdrawal. Don’t make it easy for Wise, Payoneer, or Genome to steal your customers who need multi-currency accounts or other solutions in online banking. Claim the victory and make your competitors back off!
Investments guarantee financial security for many people with a pension or passive income. The development of high-quality AI-powered trading platforms is the most important solution since it acts as the main tool for the trader. It allows influencing the stock market after live analysis of financial data, risk management, and opportunities evaluation. Given the variety of trading operations, trading platform software should be as individual as possible. It ensures a solution to all possible problems and endows the needs of the trader.
P.S. Show Saxo and Interactive Brokers where they belong!

The loan management process is a complicated and complex area that requires modern technological and innovative solutions. Deciding on credit granting is a complex process of loan management because it is necessary to assess many factors. While analyzing financial data, it is needed to study:

  • the loan recipient’s credit history;
  • their financial status;
  • the market situation and conditions;
  • regulatory requirements, etc.

Loan origination service allows you to simplify decision-making procedures for financial institutions by creating automated processes, in particular, for risk management and fraud prevention.
Almost forgot, rub it in Upstart’s face with software solutions by Geniusee!

Advantages of Choosing Geniusee
for Banking Software Development

Geniusee is one of Clutch top developers and a Forbes-recognized company that develops custom software in accordance with a project’s requirements. We strive to help our partners get to the top or take roots and retain their top-notch position (ask them if you don’t believe us). Our dedicated development team is driven by metrics. We talk numbers, tracking the velocity, and executing on a per sprint basis with transparent time logging. We safely develop secure management software for the banking industry, such as core banking system, mobile banking solutions, online banking, etc., and offer continuous support for our software product during the development process. Our senior specialists are carefully creating banking solutions for our clients under the guidance of all that data security demands. Choose a reliable development partner today!

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Technology Expertise

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Our Case Studies

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Zytara

A digital platform built to merge traditional banking systems with new-age digital assets such as cryptocurrencies and NFTs. The platform allows tracking and managing of children’s (6-17 y.o) spending...

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SWYFT

Android and iOS mobile app with automated payments, add geolocation services, integrate local market stakeholders, and as a result - the product for rapid grocery delivery in 15 minutes? Say no more....

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DRUM

Meet one of our clients – Drum! This 5-star application is a platform designed for creators. That’s a great tool for people who care about their personal brands to engage with their followers, earn...

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Silibrain

Our client, a technology solutions company in MedTech, aims to make the latest technological advances available to millions by providing high-caliber, more affordable solutions to all. Target audience:...

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EinkaufsCheck

Our main goal was to develop a digital platform for healthy habits called EinkaufsCHECK. We aimed to create a hybrid app for iOS and Android for the easiest and most accurate diet tracking and food...

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Lending platform

Our client is a secure, automated platform that streamlines the merchant cash advance process and enables ISOs and lenders to manage their businesses from one centralized, convenient place. Combining...

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Crave Retail

For Crave retail Geniusee has developed 2 enterprise mobile applications that solve the double-sided problem for every shopper visiting the fitting room. The Fitting Room application allows shoppers...

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Pause

Outstanding case in Geniusee portfolio, Pause – mobile app for meditation. iOS application was downloaded 1000+ times on the launch day.

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Ajuma

The Ajuma company was founded by a couple after the birth of their child. They wanted to protect their baby from the harmful effects of ultraviolet radiation sunburn and from potentially generated skin...

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Zedosh

Zedosh is a new digital advertising platform that financially empowers Gen Z. Using Open Banking, we provide insights into their spending behaviour, tips on how to master money and crucially, the ability...

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Revenu

Revenu is an All in one POS (Point of sale) management system . It uses the latest trends of technology to manage different types of Food & Beverage from scratch up to reaching ultimate clients...

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RealmFive

Realm Five develops devices that collect various data, such as soil moisture, rainfall, amount of water in tanks, condition of tractors and their location, etc. from different parts of agriculture.

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FactMata

FactMata is an AI-based platform that identifies and classifies content.  Advanced natural language processing learns what different types of  deceptive content look like, and then detects...

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TradeSmarter

Tradesmarter is leading in providing white label trading solutions  offering a web responsive trading platform that enables top financial  companies to unleash a new era of competition, innovation...

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Swoon

Swoon is an online furniture brand with a difference. Their main idea is  that everyone should be able to buy beautifully designed and crafted  furniture at reasonable prices. The brand has...

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GearHousePros

Frenotec LLC is a motorcycle distribution company eventually grew into  the nation’s largest distributor of Brembo motorcycle brake components  as well as became the exclusive importer and...

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Validify

Validify Access is a new innovation discovery platform that showcases  only best-in-class and pre-vetted emerging retail technology solutions.  Validify helps leading retailers access curated...

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Ncourage

NCourage was created to understand the nature of anxiety & stress,  the cause of problems with falling asleep, which promotes personal  growth, success work and increase productivity....

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Wyzoo

Wyzoo App is built on artificial intelligence and learning techniques to identify patterns in your customer data.

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Tamam Delivery App

Tamam on-demand mobile application connects customers with independent  local couriers, who acquire goods from any restaurant or shop in a city  and also deliver urgent packages for a variable...

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Digital bits

DigitalBits™ is an open-source project supporting the adoption of blockchain technology by enterprises. The technology enables enterprises to tokenize assets on the decentralized DigitalBits blockchain;...

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Totalizator platform

The blockchain based platform - Totalizator. The goal of this R&D project was to validate the possibility of using blockchain technology in order to create an objective betting platform.

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Ua Light Virtual Console

The Virtual Console is the graphics space that actually allows you to  control your light shows during live events. It visually displays a number of so called widgets and aim to represent  all...

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Pool party

PoolParty app allows increasing your popularity on Instagram by sharing links to the community of users, that will like, share and follow such links. 

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My Uber

My Uber app allows everyone with a car to join the community of uber drivers within a couple of clicks - the company will take care of everything else. My Uber provides support and education for all...

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Crypto analytics

Due to the high volatility of the cryptocurrency market, a trading company faced with an issue that traders need to quickly analyze cryptocurrency market information.

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Circular review system vehicles

This system provides a complete omnidirectional view for armored vehicles crew (transparent walls effect) and the possibility to receive necessary data and interactive tips on helmet screen.

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BuZZshow

BuzzShow is a video social media network which incorporates the blockchain technology in a reward-based ecosystem. The platform offers full decentralization and a unique social media experience to users...

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ZaZa

ZaZa is an expert in online learning and education abroad that helps its clients to get the highest quality services for quite affordable prices. They bring together native-speakers from all over the...

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PrintBI

PrintBI has the largest and most detailed database of printing companies worldwide, powered by advanced technologies and market intelligence tools.

Frequently Asked
Questions:

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The main role in the reliability of the company building banking software is determined by the expertise of the development team in matters of financial software. Important factors are previous experience in the field of baking software development, knowledge of the laws, regulations, and standards of the industry, and a deep understanding of its specifics. No less important is the approach to ensuring data security and understanding the characteristics of the product. Check the expertise of your potential vendor of bank software development by scrolling through portfolio, technologies and certifications. And, of course, don’t forget about our clients’ reviews!
The price of banking software development, like any other, depends on the difficulty and complexity of the work. The specifics and type of software, functions, UI/UX, etc., play an important role. For example, the development of the core banking system will cost more than developing simple mobile apps. Also, it depends on the hourly rates of software developers. On average, the price ranges from several hundred thousand dollars.
User’s data security is one of the top priorities in banking software development. As experienced banking software developers, Geniusee team uses best practices and proven effective approaches to ensure protection and prevent data breaches and leakes. Undoubtfully, hackers constantly working on cracking the best programs, especially that refers to banking software solutions, not even mentioning system malfunctions and dormant dangers. Yet, our dedicated team constantly watching the best protection techniques to provide you with highly secured banking software development services.
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Testimonials:

Visit Our Blog!

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Pareto Principle in IT Security

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5 Useful Insights for FinTech Businesses Based on Zytara’s Case by Geniusee

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Geniusee is among Clutch Top B2B Service Providers for 2022

We are honored and happy to be ranked among the world leaders in our industry and we will continue to evolve together with our clients.

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If you are interested in how to create an online learning platform like Udemy or Coursera, now is the time to do so while the market is in a booming phase.

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Geniusee Obtains AWS Lambda Service Delivery Designation

We are thrilled to develop for you and develop ourselves. Another recognition is already here to prove the highest quality of services we deliver!

Written by Yaryna Y.

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Top 6 Security Breaches 2022

Cyber security breaches might cost a fortune for your company and that's something you definitely don't want to happen. Our expertise can prevent you from that.

Written by Ihor D.

2022-08-01

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Top 15 Fintech Startups and Companies You Should Pay Attention to in 2022

In this article, we’ll explore the top most successful FinTech startups and financial technology companies you need to pay attention to in 2022 and beyond.

Written by Sofiia V.

2022-07-29

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Fintech Regulation: Legal Issues and Regulatory Compliance - Our CTO's article on Forbes

Fintech is a fertile ground for development. However, there are barriers to entry with regulations. But don’t worry; this guide will give you the information you need to get started!

Written by Nazariy H.

2022-07-25

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Geniusee received an ISO 9001:2015 certificate

We are honored to be recognized as an ISO 9001:2015 certified company. Why constant growth is important to us and why it matters for our clients - read here.

Written by Yaryna Y.

2022-07-21

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Agile vs. Waterfall vs. Scrum vs. Kanban: Comparison of Project Management Methodologies

If you are still undecided on the Agile vs. Waterfall vs. Scrum vs. Kanban conundrum, this article will point you in the right direction.

Written by Alisher A.

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