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Banking Software Development Services

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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Digital Banking Portals

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 digital 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.

Mobile Banking Software Solutions

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
back office operations
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 and finance approach.

AI-powered banking technology solutions

Our AI in banking solutions are crafted to transform and elevate your financial operations through innovative, intelligent systems. By integrating advanced artificial intelligence, we offer a comprehensive suite of features designed to enhance efficiency, security, and customer satisfaction.

Intelligent Fraud Detection. Utilize machine learning algorithms to detect and prevent fraudulent activities in real-time, reducing risk and enhancing security.
Personalized Customer Insights. We help to incorporate artificial intelligence to analyze your customer data. This solution provides tailored financial advice, product recommendations, and personalized service.
Automated Customer Support. Implement AI-driven chatbots and virtual assistants to offer 24/7 customer service, handle queries, and resolve issues efficiently.

Predictive Analytics. Use AI to forecast trends, analyze transaction patterns, and optimize decision-making processes for better strategic planning.

Core Banking Software Solutions

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 banking operations of the banking industry like recording financial 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!

Trading Platform Software Development

Investments guarantee financial security for many people with a pension or passive income. AI-powered trading software development is the most significant 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.

Lending Software Solutions

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.

Lending software development 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!

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Who will benefit from custom banking software development?

From private banks and credit unions to fintech startups and investment banks, customized software can significantly enhance operational efficiency, compliance, and customer satisfaction across the financial industry.

Commercial banks and financial organizations
- Enhanced efficiency by automated processes and integrated systems.
- Personalized experiences and support through advanced features and tools.
Credit unions
- Adherence to specific industry regulations and standards.
- Meet the unique needs of members and enhance community engagement.
Fintech startups
- Differentiate from competitors and attract customers.
- Flexible systems that grow with the business and adapt to market changes.
Investment firms
- Real-time market analysis and portfolio management.
- Sophisticated models for assessing and mitigating financial risks.
Loan providers
- Efficient workflows for loan applications, approvals, and disbursements.
- Valuable insights into borrower behavior and creditworthiness.
Insurance companies
- More effective policies, claims, and customer data management.
- Advanced tools to detect and prevent fraudulent activities.
Regulatory bodies
- Software to track and enforce regulatory compliance across the financial sector.
- Analytics tools to monitor industry trends and assess financial stability.
Large corporations with financial divisions
- Integration of banking functions with other business operations.
- Bespoke reporting tools to meet specific corporate financial requirements.

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How we work

Idea

Not only do we estimate your ideas, but we also create them with you!
Business analysis

We align all new processes and solutions with existing ones with you.
UI design/prototyping

Just choose how your product or software will look among the ideas we offer.
Development

We’re building a solution, ensuring compliance and quality. Just tell us what you need.
Testing

Our quality assurance team is engaged in examining if our deliverables function as required, eliminating potential pitfalls.
Deployment

Together with your in-house team, we’ll launch the system in tight cooperation to ensure all the elements and details work as one.
Maintenance and support

We guarantee 24/7 support to monitor and maintain your custom banking software performance and capacity.

Engagement Models

Our obligations:
- we adhere to deadlines
- we assure the quality of deliverables
- we do not offer templates; we create solutions
- we offer innovations and only new and relevant tech stacks
Our commitment:
- endeavor for splendid results
- expertise in our fields
- a global mindset
- transparency over the project
- partner-like collaboration
- Estimator
- Services
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Technology expertise

FAQ

How do you choose a reliable banking software development company?

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!

How much does it cost to build banking software?

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.

Can you ensure the security of users’ data?

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.

How long does it take to develop banking software?

The financial software development timeline generally ranges from 6 to 18 months. This timeframe varies based on the complexity of the project, the features you require, and the overall scope. If your solution includes extensive functionalities or integrations, it might take longer. We also account for regular updates and thorough testing phases to ensure quality.

Which banking software features are must have?

Essential features for your banking software should include secure user authentication, efficient transaction management, and real-time payment processing. You should also consider incorporating regulatory reporting & data analytics tools for effective monitoring, integration with other financial systems, and strict adherence to regulatory compliance. A user-friendly interface and strong security measures are also vital for maintaining customer trust.

What type of banking norms and regulatory compliances do you adhere to during the development process?

We adhere to global standards like PCI DSS for payment gateway security and GDPR for data protection throughout the development of your banking software. We also comply with local regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements, specific to your market. This ensures the safeguarding of sensitive data and maintains operational integrity. We conduct regular audits and updates to stay compliant with evolving regulations.