Fintech innovations with custom software speed up all processes with finance. It’s no secret that in today’s competitive business world, being one-of-a-kind and novel are essential ingredients for a company’s growth and success. As a result, businesses nowadays are looking for software solutions that take into account each project’s unique specifications.
Fintech’s digital velocity may also be increased via financial bespoke software development. In this article, we will discuss Agiliway’s success stories in developing custom-made software specifically for clients’ needs and why investing in your custom project solves all your problems.
Investing in this kind of custom software is seen as one of the most promising ways to run a business since it helps solve problems more effectively, cuts costs, boosts the productivity of both people and machines, and contributes to the short-term growth of a business’s profitability and competitiveness.
When selecting the software for your Fintech project, you must consider the most important characteristics: functionality, adaptability, security, a software provider’s reputation for Fintech projects, support, and maintenance. What can the Agiliway offer you?
- Requirements gathering and analysis
- Architecture design
- Software development
- Quality control strategy planning and solution testing
- Solution deployment
- Software migration
- End-users’ education
- Post-implementation maintenance and user support
We want to share our experience with real examples of developing custom software solutions in the fintech industry.
Success Stories in Implementing Custom Software Solutions
#1. Multi-platform Clojure Solution
Multi-platform was built for healthcare to make the healthcare system better for everyone by making it easier for patients to get care, cutting doctors’ costs, and eliminating the need for third-party collection agencies.
The customer’s primary requirements have been meeting their need for expedited, streamlined, and simplified payments between patients, employers, and providers participating in self-funded healthcare arrangements. The project’s overarching goal is to facilitate an environment where businesses may get maximum value for their service dollar while simultaneously agreeing to pay the provider in near real-time.
Agiliway offers full-stack application development and interaction with other layers of technology, which is necessary to make the scalable ideas that have been talked about a reality. Clojure and ClojureScript were used to make apps for iOS and Android, as well as a web version.
#2. Incorporating Power Bi Services Solution
The main goal is to assist the leading bank in monitoring documentation, clarifying its purpose, and reducing risk. It was the customer’s initial preference to create a solution from scratch rather than include preexisting services into their platform. This was accomplished by designing the platform with a back-end that makes use of MS.NET and MS SQL databases to provide API and a front-end that uses React to show data analysis in interactive charts.
After a thorough review of how the system worked, it was decided to move the new solution to Power BI, where it can be easily updated to include new data without having to redo any of the work done to make the charts or test their functionality to make sure the data is shown correctly. Power BI JS is used to show all reports for Business Analysts in the desktop program.
With Power BI, customers can connect their desktop app to data sources and then make charts on their desktop app. When Business Analysts put data into Risk Assessment, they learn more about it. The complexity, importance, number of contributing factors, etc. of these threats are all taken into account. If a customer wants to find a certain statistic in a data dossier, they can look at individual files.
The strategy has now received widespread acceptance and user approval. It’s a useful tool for business data analysis. Key performance indicators (KPIs) for employees and departments are calculated based on the value of the data that has been collected.
#3. Data Mining Complex Solution
To track how important documents and statistics are being used in the decision-making process, a large FinTech firm reached out to Agiliway to build a sophisticated data mining platform. In addition to ensuring the decision was made correctly, these services may advise business leaders on how to prioritize which pieces of data are most important to have at hand when making important choices.
Using their expertise in Big Data and BI, our developers have created a comprehensive FinTech solution based on SQL databases and a React-based front end with excellent responsiveness.
The solution has been well-received by both end users and industry experts, and it has been put to good use by banks and other financial institutions in determining which types of data are most valuable and in calculating key performance indicators for individual workers and entire departments based on how effectively they utilize the data at their disposal.
#4. iOS Mobile Banking Application
The Fintech company needs to make a customized mobile app for online banking operations. To provide customers with total control over their bank accounts and avoid bank visits, the Agiliway software development team had to upgrade the application. Our Fintech client needs the most up-to-date solution for its investors and target audience so it can keep up with the growing demand for this service.
A unique feature of mobile banking software is that it can be used to get cash from ATMs without a card. Customers could get their money by using a separate ATM app that talked to the back end by scanning a QR code or sending an SMS. The software also lets users permit other people to use their ATM cards. Users just need to give the SMS code to their authorized representative to confirm the transaction. In-app security alerts are triggered by suspicious account activity. So, they can quickly stop money theft by using the app or calling their bank.
The gap between the two sectors is bridged by financial technology, which helps bank service providers, customers, and investors. Our client wanted to help people keep their money safe and manage it. Fintech now puts customers first, no matter how much money they have.
If your business needs assistance in building software, Agiliway can help you bring your idea to life with a solution that fits all your business’s needs.
Also read: The Right Approach To Choose The Best FinTech Solutions Provider
