AI Agents for Fintech Innovation

Opting for custom fintech software development offers numerous advantages tailored to your unique business goals, rather than the generalized solutions provided by subscription-based SaaS tools. Custom development enables you to create platforms that cater specifically to your needs and those of your clients, offering unique features that provide a competitive edge in the dynamic fintech industry. This approach ensures you can build scalable solutions that grow with your organization and adapt to changing market demands. With custom software, you have complete control over data, features, and the overall system, ensuring strict adherence to regulatory compliance and enhanced security protocols for sensitive financial information. A custom approach enhances user experience and branding, increasing customer satisfaction and loyalty.

Additionally, seamless integration with existing systems and the development of robust APIs improve interoperability and operational efficiency. Although custom development requires an upfront investment, it eliminates ongoing subscription costs and can be more cost-effective in the long term. Dedicated support and development teams ensure proficient system maintenance and enhancements, optimizing performance and aligning with your evolving strategies and market conditions in the fintech sector.

Several factors, including the complexity of features, integration needs, security measures, and regulatory compliance requirements, influence the cost of banking app development. One increasingly popular approach in the industry is Banking as a Service (BaaS), which allows traditional banks and fintech companies to leverage third-party services to build their digital banking platforms. Integrating BaaS can reduce development time but may increase upfront integration costs depending on the services and APIs involved.

To accurately assess the cost of banking app development, starting with a product development workshop is essential. During this workshop, we identify all the necessary features, unique selling propositions (USPs), regulatory limitations, integration requirements, and security measures tailored to your app. This initial phase allows us to provide a more precise cost estimate and ensure the final product meets your business goals and compliance standards.

Mobile Reality's banking app development services typically range from $45 to $65 per hour of software engineer work, with UX/UI design and QA services available at $42,5 to $52,5 per hour. Additional factors like BaaS integration, advanced security protocols, and ongoing maintenance can influence the overall cost. However, by conducting a thorough workshop at the start, we ensure a well-planned, cost-effective development process that delivers a high-quality, secure banking app.

If you’re interested in exploring the potential costs and strategies for your banking app, we recommend scheduling a consultation to discuss your specific needs. Moreover, to get a more tailored estimate, you can fill out our Estimate Project Form. This form helps us better understand your project requirements, allowing us to provide you with a detailed and accurate cost estimate.

Mobile Reality has developed several notable custom fintech solutions:

• Money Transfer Software: We created a robust, secure platform enabling seamless international money transfers with real-time tracking and compliance features. Learn more.

• Banking System Software: We developed a comprehensive banking solution for Nomis Solutions, focusing on customer-centric pricing and profitability management with features like savings deposit simulators and transaction logging. Learn more.

• Cryptocurrency Exchange Software: Our platform facilitates secure and efficient cryptocurrency trading, incorporating elements of decentralized finance, with advanced features such as real-time market data and wallet management. Learn more.

• Customer Churn Prediction Software: Using machine learning, we built predictive analytics and financial technology software to help businesses identify and retain at-risk customers based on their financial data. Learn more.

• Sports Betting Tips App: We developed an app that provides users with predictive sports betting tips based on statistical analysis and real-time data. Learn more.

Each project demonstrates our commitment to delivering innovative, tailored fintech solutions that meet our clients' needs.

We are a full-stack JavaScript software development company specializing in web app development using ReactJS or VueJS for the front end, NodeJS for the backend, and AWS for cloud solutions. For mobile fintech app development, we use React Native for cross-platform compatibility. Our web design tools include Figma and Adobe XD. For QA services, we use Xray and TestRails.

Mobile Reality offers several advantages as a fintech digital solutions provider:

• Geographical Advantage: As a Polish software development company, Mobile Reality is part of a region known for high-quality software development services and IT expertise.

• Competitive Pricing: Financial software development costs related to the services are between $45 and $65 per hour, with UX/UI design and QA services available at $40 to $50 per hour, providing an attractive balance between cost and quality.

• Inclusive Project Management: Project management costs are typically included within the overall development team cost, leading to a more streamlined and cost-effective service package for building new financial software development solutions.

These advantages make Mobile Reality a reliable and cost-effective choice for fintech software development.

We start financial software development projects with a product design workshop to define the features and technical aspects of your desired fintech solution. This phase helps us understand the APIs to integrate and create initial UX/UI designs, allowing us to provide examples and estimates of workload and cost.

After the workshop, we can proceed with a fixed-price or time-and-materials cooperation model, depending on your preference. The fixed-price model offers a stable scope, deadline, and budget, while the time-and-materials model allows for greater flexibility.

At Mobile Reality, we suggest the following cooperation flow in fintech project:

• Daily internal meetings with the presence of the client's representatives and our project/delivery manager.

• Everyday communication to clarify scope and features.

• Weekly status meetings between the client and Mobile Reality.

• Demonstration of the system after significant scope implementation.

• Daily communication on Slack channels with ad-hoc meetings to address issues.

After releasing the app, we recommend our SLA support service and a software maintenance agreement for ongoing improvements and changes. Our support includes:

• Availability: 24-36 hours per month dedicated to on-demand improvements and updates.

• Critical issues: Response time of 1 business hour and resolution time of 8 business hours.

• Standard issues: Prompt attention to ensure your app remains functional and up-to-date.

These services ensure your app runs smoothly and efficiently post-launch.

We have a team of 25 experienced fintech software developers and specialists, including QA specialists, UX/UI/graphics designers, and product and project managers. Our team size is flexible and adapts to the specific needs of each project, ensuring we have the necessary resources to deliver on time and within budget.