Services > Fintech and Banking
Fintech and Banking Software Development Services
Fintech and Banking
Software Development
Services
Leverage Akvelon’s fintech and banking software development expertise to AI-turbocharge your processes and provide superior customer experiences. We go beyond software design and engineering: we will equip your fintech platform with AI-powered compliance automation, robust SecOps, and scalable cloud-based infrastructure tailored to grow your business.
Global Fintech and Banking Vendors Trust Us for Their Software Development
What We Can Do for You
Explore our comprehensive fintech and banking software development services that are designed to transform innovative ideas into secure, dependable, and future-proof solutions.
Get step-by-step guidance on your strategic growth, operational optimization, and regulatory compliance. Our team has a history of successful fintech and banking software development, and can provide tailored solutions to your specific challenges. Whether your aim is to enhance customer experience, optimize risk management, or leverage technology for competitive advantage, we’ll help you thrive.
Empower your customers with secure, high quality, and user-friendly fintech applications, including custom mobile and web apps with convenient self-service options. We develop robust, scalable, and top-of-the-line processing systems for large-scale financial operations, prioritizing security to protect user data and financial transactions.
Unlock actionable insights and optimize your financial operations with our comprehensive data management solutions. We leverage advanced data science techniques to seamlessly integrate diverse third-party services and data sources, providing a holistic view of your financial landscape. We also use AI to streamline your data processing and drive informed financial decisions.
Reduce operational costs and enhance customer satisfaction with intelligent chatbots that can automate repetitive tasks like account management, loan applications, and claim processing. 24/7 AI customer service assistants resolve inquiries instantly and accurately, shifting human agents’ focus to more challenging requests and strategic tasks.
Protect your financial data and ensure compliance with our AI-driven software solutions. Our real-time IT system monitoring software enables proactive threat detection and mitigation. We offer continuous vulnerability scanning, user behavior analytics, and swift incident response management. We also streamline and simplify the compliance process by automating policy enforcement and regulatory reporting with AI.
Get step-by-step guidance on your strategic growth, operational optimization, and regulatory compliance. Our team has a history of successful fintech and banking software development, and can provide tailored solutions to your specific challenges. Whether your aim is to enhance customer experience, optimize risk management, or leverage technology for competitive advantage, we’ll help you thrive.
Empower your customers with secure, high quality, and user-friendly fintech applications, including custom mobile and web apps with convenient self-service options. We develop robust, scalable, and top-of-the-line processing systems for large-scale financial operations, prioritizing security to protect user data and financial transactions.
Unlock actionable insights and optimize your financial operations with our comprehensive data management solutions. We leverage advanced data science techniques to seamlessly integrate diverse third-party services and data sources, providing a holistic view of your financial landscape. We also use AI to streamline your data processing and drive informed financial decisions.
Reduce operational costs and enhance customer satisfaction with intelligent chatbots that can automate repetitive tasks like account management, loan applications, and claim processing. 24/7 AI customer service assistants resolve inquiries instantly and accurately, shifting human agents’ focus to more challenging requests and strategic tasks.
Protect your financial data and ensure compliance with our AI-driven software solutions. Our real-time IT system monitoring software enables proactive threat detection and mitigation. We offer continuous vulnerability scanning, user behavior analytics, and swift incident response management. We also streamline and simplify the compliance process by automating policy enforcement and regulatory reporting with AI.
Our AI & ML Use Cases for Fintech and Banking
ESG Reporting Automation Software
AI-powered software collects and analyzes ESG data from various sources, categorizes it, evaluates the company’s performance against ESG metrics, and generates framework-specific reports. These solutions often feature data visualization tools.
Impact:
Saved team’s resources by automating report creation for ESG compliance.
AI Trading Tool
This system assists in creating, backtesting, and automating trading strategies. It analyzes real-time market data, macroeconomic data, and technical indicators to identify opportunities and executes trades automatically based on pre-set criteria.
Impact:
Improved trade efficiency and eliminated emotional bias.
AI-Powered Fraud Prevention
ML-based systems analyze real-time transactions, detecting anomalies and patterns that suggest instances of fraud. Many systems include business rules on top of ML models for higher detection rates. Some solutions may use LLMs to strengthen analysis of text data.
Impact:
Protected against financial losses and optimized operations.
AI-Powered Credit Scoring System
This tool analyzes credit history, income, employment, debt-to-income ratio, and digital footprint to predict an individual's creditworthiness. For businesses, the system also considers financial statements, industry- and country-risk scores, market indicators, and more.
Impact:
A more refined credit risk assessment in milliseconds.
AI Market Research Assistant
This tool extracts key information from diverse sources – news articles, social media posts, research papers, macroeconomic reports, and company filings—and automatically generates summaries, enabling faster, more informed investment decisions.
Impact:
Significant effort savings; streamlined investment decision-making process.
AI-Powered Chatbots
These solutions provide 24/7 customer support, answer common questions, and handle basic transactions, freeing up the time of employees so that they can focus on higher-priority tasks. Additionally, AI can analyze customer data to recommend personalized financial services.
Impact:
Enhanced customer service and reduced operational costs.
Related Projects
Data Unification and Data Security Solution Powered by ML
We created a unified data platform for our client, a leading provider of intelligent cloud-based solutions for financial services.
Impact:
- Optimized data pipeline & reporting with new architecture & BI integration
- Enhanced security for legal & financial firms
- Migrated applications to the cloud
- Implemented CI/CD & test automation
- Automated client mapping to SALI codes with ML
- Integrated various third-party services
Lending and Debtors Tracking Optimization and Compliance
We equipped a top U.S. fintech company serving non-prime consumers with a new and compliant transaction processing logic.
Impact:
- Streamlined account opening and customer interactions
- Implemented compliant transaction processing logic with AODs
- Developed new APIs for retailer integrations
- Enhanced lender portal and loan account reporting
- Improved Dialer process performance
AI-Powered Legal Conflicts Analysis Solution
We developed a self-adapting conflict identification system that prioritizes relevant hits and reduces manual work.
Impact:
- Enhanced conflict analysis speed & accuracy with ML
- Developed a new UI that uses ML insights to filter results & integrate user feedback
- Implemented support systems for data integrity, real-time metrics & incident troubleshooting
- Achieved precision of 0.8 and recall of 0.99, proving system effectiveness
Cross-Platform App for Transfers Between Banks and CC
We helped create a financial platform for emergency savings, enabling seamless money transfers between bank accounts and cards.
Impact:
- Contributed to the development of cross-platform mobile apps & a web app for seamless money transfers
- Implemented new features, improving user experience
- Increased customer engagement & retention by streamlining money transfers through the platform
Migration From a Legacy System and Real-Time Data Synchronization
We enhanced the financial reporting and analytics capabilities of a global enterprise software company's BI platform.
Impact:
- Contributed to the migration of legacy systems to microservices
- Enabled personalized reports & dashboards
- Implemented a real-time 360° data sync between the client's platform & Salesforce
- Automated complex tasks, streamlining operations & minimizing errors
Corporate Budgeting App UX, Scalability, and Stability
We transformed a spending management solution to efficiently serve a more extensive user base and evolving business needs.
Impact:
- Optimized the system to handle a growing user base
- Significantly simplified onboarding for new users
- Enhanced troubleshooting by developing diagnostic tools within the app
- Reduced service issue investigation time
Mortgage Compliance Software Suite Enhancement for FIS
Akvelon enhanced FIS’ mortgage compliance software suite, including StratTree™ and StratQ™. We delivered ongoing implementation, support, and execution of critical end-to-end projects.
Impact:
- Enhanced system efficiency with upgraded ERS, reducing vulnerability to data theft
- Improved data transfer quality through cross-platform, message-oriented communication mechanisms
- Reduced development costs while maintaining high-quality delivery
- Enabled seamless communication and feedback through proprietary mechanisms, simplifying software updates
ML-Based Financial Forecasting Solution
We developed a comprehensive solution for forecasting financial market trends using ML and real-time news data. The product enables users to control each step of the forecasting process.
Impact:
- Delivered robust and reusable forecasting models for enhanced accuracy
- Enabled efficient processing and analysis of market data
- Streamlined data collection from multiple sources for comprehensive insights
- Simplified user control and oversight through an intuitive interface
- Improved data management for faster and more reliable decision-making
Stored-Value Card Distribution System Transformation
Akvelon partnered with a leading stored-value card distributor to support our client’s strategic objectives, addressing new requirements for communication, data security, and fund control.
Impact:
- Enhanced transaction facilitation and set customizable conditions for smoother partner interactions
- Increased sensitive financial data security through multiple safeguards explicitly designed to protect against fraud
-
Improved financial oversight and decision-making with
comprehensive audit capabilities for funds-related activities
Data Unification and Data Security Solution Powered by ML
We created a unified data platform for our client, a leading provider of intelligent cloud-based solutions for financial services.
Impact:
- Optimized data pipeline & reporting with new architecture & BI integration
- Enhanced security for legal & financial firms
- Migrated applications to the cloud
- Implemented CI/CD & test automation
- Automated client mapping to SALI codes with ML
- Integrated various third-party services
Lending and Debtors Tracking Optimization and Compliance
We equipped a top U.S. fintech company serving non-prime consumers with a new and compliant transaction processing logic.
Impact:
- Streamlined account opening and customer interactions
- Implemented compliant transaction processing logic with AODs
- Developed new APIs for retailer integrations
- Enhanced lender portal and loan account reporting
- Improved Dialer process performance
AI-Powered Legal Conflicts Analysis Solution
We developed a self-adapting conflict identification system that prioritizes relevant hits and reduces manual work.
Impact:
- Enhanced conflict analysis speed & accuracy with ML
- Developed a new UI that uses ML insights to filter results & integrate user feedback
- Implemented support systems for data integrity, real-time metrics & incident troubleshooting
- Achieved precision of 0.8 and recall of 0.99, proving system effectiveness
Cross-Platform App for Transfers Between Banks and CC
We helped create a financial platform for emergency savings, enabling seamless money transfers between bank accounts and cards.
Impact:
- Contributed to the development of cross-platform mobile apps & a web app for seamless money transfers
- Implemented new features, improving user experience
- Increased customer engagement & retention by streamlining money transfers through the platform
Migration From a Legacy System and Real-Time Data Synchronization
We enhanced the financial reporting and analytics capabilities of a global enterprise software company's BI platform.
Impact:
- Contributed to the migration of legacy systems to microservices
- Enabled personalized reports & dashboards
- Implemented a real-time 360° data sync between the client's platform & Salesforce
- Automated complex tasks, streamlining operations & minimizing errors
Corporate Budgeting App UX, Scalability, and Stability
We transformed a spending management solution to efficiently serve a more extensive user base and evolving business needs.
Impact:
- Optimized the system to handle a growing user base
- Significantly simplified onboarding for new users
- Enhanced troubleshooting by developing diagnostic tools within the app
- Reduced service issue investigation time
Mortgage Compliance Software Suite Enhancement for FIS
Akvelon enhanced FIS’ mortgage compliance software suite, including StratTree™ and StratQ™. We delivered ongoing implementation, support, and execution of critical end-to-end projects.
Impact:
- Enhanced system efficiency with upgraded ERS, reducing vulnerability to data theft
- Improved data transfer quality through cross-platform, message-oriented communication mechanisms
- Reduced development costs while maintaining high-quality delivery
- Enabled seamless communication and feedback through proprietary mechanisms, simplifying software updates
ML-Based Financial Forecasting Solution
We developed a comprehensive solution for forecasting financial market trends using ML and real-time news data. The product enables users to control each step of the forecasting process.
Impact:
- Delivered robust and reusable forecasting models for enhanced accuracy
- Enabled efficient processing and analysis of market data
- Streamlined data collection from multiple sources for comprehensive insights
- Simplified user control and oversight through an intuitive interface
- Improved data management for faster and more reliable decision-making
Stored-Value Card Distribution System Transformation
Akvelon partnered with a leading stored-value card distributor to support our client’s strategic objectives, addressing new requirements for communication, data security, and fund control.
Impact:
- Enhanced transaction facilitation and set customizable conditions for smoother partner interactions
- Increased sensitive financial data security through multiple safeguards explicitly designed to protect against fraud
-
Improved financial oversight and decision-making with
comprehensive audit capabilities for funds-related activities
Explore how our fintech and banking software development services can benefit your business
Explore how our fintech and banking software development services can benefit your business
Got a Question?
Got a Question?
Our software engineering team understands the financial services landscape from the ground up. This deep understanding allows us to deliver end-to-end development services, ensuring a seamless experience and a solution tailored to your specific needs. But what truly sets us apart is our expertise in AI. We leverage cutting-edge AI to streamline efficiency across every stage of development and operation, including but not limited to automating compliance tasks, enhancing security monitoring, optimizing customer support, and deriving data-driven insights. Our capabilities are endless when it comes to using AI to turbocharge your business operations.
There are multiple ways that businesses can benefit from AI in fintech. For instance, we apply AI-powered tools to streamline software development, testing, and delivery. On the customer service side, AI chatbots for fintech and banking can provide 24/7 support and answer frequently asked questions, improving customer satisfaction while freeing up their employees’ time to focus on other tasks. Regarding the back office, AI-powered tools can automate document processing and regulatory reporting, analyze financial data for insights and predictions, and help with security and compliance by automating tasks and enhancing monitoring. These are just a few examples of the many benefits you can take advantage of by leveraging AI. Reach out to us to find out how AI can help solve your particular challenges more efficiently.
Getting started with Akvelon is easy! The best way to kick off your fintech development is setting up a free consultation with one of our experts. We'll discuss your vision, get a better understanding of your needs, and suggest several optimal ways to solve them with our expertise. Just book a call with us whenever you’re ready for an efficiency boost.