Top Fintech Development Companies
The word ‘Financial Technology or FinTech’ was initially used to describe the digitization of backend systems and processes of established financial institutions like banks. However, now the context of fintech technology has shifted more towards consumer-oriented services in personal and commercial finance. Fintech is no more just about banks and financial institutions, it even applies to other sectors such as education, fundraising and nonprofit, investment management, retail banking, and a few. It is a cross-sector holistic term that focuses on empowering financial operations with technology solutions like specialized software applications and algorithms. Such applications have innovated better ways of business transactions, money transfers and digital finance.
Using sophisticated fintech software applications, businesses and consumers are managing their financial operations more efficiently and securely. Also, the integration of new-age technologies like Blockchain, AI, and ML, are scaling up the web and mobile capacities of fintech applications to the next level. Fintech development companies, especially those that work on emerging technologies, are the key contributors driving the technology revolution in the finance space. So, here we have listed top fintech development companies of 2023, with a quick peek into their offerings, technologies and other details. You can check their brief details to identify the right partner for your next fintech project.
Here is a list of the top 10 Fintech Development Companies in 2023.
2. Fluper Ltd
3. Konstant Infosolutions
4. Next Big Technology(N.B.T.)
7. Kellton Tech solutions
How to identify the right partner for your next fintech development project?
A long list of top fintech companies certainly provide a bewildering array of choices. Every company carries significant claims in its kitty and looks promising. So, whom should you choose to partner with? Here are a few parameters that you can keep into consideration as you choose a fintech development partner.
Don’t go by the delusion that higher service charges amount to better service quality. Various factors make up the pricing. Fintech development companies charge per hour, per developer basis. So, it is important to roughly estimate the hours of coding and number of resources to get an idea of the overall development costing.
Discuss the technology stack
Ask for a detailed overview of the technology stack(both front end and back end). Why developers has chosen that particular tech stack over others? What are the advantages? Does it compromise in-trend functionalities? Are the technologies new-age, agile and scalable? These are important points you need to discuss.
Assess the company portfolio
The most important thing to look for is the company portfolio – the kind of clients they have catered to, team size and the software systems they have developed. Focus on their delivery time and enquire about the skills and expertise of the developers. Ensure their working hours align with your time zone, and you are provided with a dedicated project coordinator.
Confirm the post-development services
Also, have a transparent talk regarding the maintenance and upgrade services offered post-development of the software. Also, clarify the application ownership.
If you are looking for a fintech development company, then you can connect with LeewayHertz. The company abides by all the necessary parameters integral for the development of a high-end fintech application. LeewayHertz developers primarily focus on using emerging technologies like Blockchain, IoT, AI, and ML to deliver the best user experience and security in software development.
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