Banking Software Development Services

Banking Software Development Services

We help create modern software solutions to streamline back-office activities, including document workflows. Our document management software helps manage the company’s document flow while reducing the time, effort, and costs needed for paper-based operations. We offer custom development of secure and reliable document management systems to optimize document workflows, increase productivity, improve scheduling and enhance communication between employees and customers.

The Northell team has expertise in designing and building mobile banking software solutions to meet the needs of customers and banking businesses at the same time. Our top-notch mobile banking solutions provide a personalized user experience, high accessibility from any mobile device, and scalable functionality, including account and card management, instant access to different online banking services, and integration with wearables. We also provide a completely secure mobile banking environment to eliminate any risks associated with data and mobile app security.

We position ourselves as experts in the Fintech software niche and have experience in providing online banking software development services. Our team of professionals can help you with the top-level digitalization of financial services and the modernization of ineffective legacy banking systems.

Our team of experienced software professionals offers help in optimizing your core banking functions for cloud and on-premises environments. Depending on your business need, we can design and develop a custom-tailored solution for financial management, administrative management, and high-quality customer service. We can cover a full scope of services for any project, from initial requirements audit and IT consulting to custom development and long-term technical support.

We provide robotic process automation (RPA) services to support banks in effective risk management, customer service, compliance, and operational efficiency. Benefiting from our RPA expertise, you can reduce time-consuming manual processes, regulate AML and fraud detection concerns, process a large volume of transactions, increase compliance, as well as enhance the customer experience and internal employees’ productivity.

Northell provides CRM and ERP integration banking services to help your business plan resources wisely, retain customers easily, deliver personalized offers, and unlock new cross-selling opportunities. We can either build or connect existing CRM and ERP systems to existing banking infrastructure to help you gain valuable insights into internal resource planning and bank-client communication.

Key Features of Our Banking Software

We implement money transfer as the core banking function to allow customers to transfer money online and perform other financial transactions. We are building an instant transfer capability to facilitate funds transfer to another person and between the owner's accounts at different banks.

Our software engineers integrate account management functionality into banking software development so that users can check account balances, view transaction history, or connect to customer support in a few clicks.

Another important feature for building top-of-the-market banking software is the ability to schedule payments. With this feature, your users will be able to make payments and pay regular bills instantly.

We build a budget and savings tracker for your banking software to allow users to track their spending and control their current budget. This feature is handy for customers who often use cards and bank accounts to make purchases.

Our banking software entails a bill payment feature to improve customer service and increase engagement. In this way, your users will be able to pay bills for utilities and send invoices directly through your banking app.

Implementing customized alerts during banking software development is vital to providing a great customer experience. Using them, your bank customers can receive text, email, and push notifications on any device and stay updated on security conditions and other account activities.

Success stories of our clients

We developed a digital matchmaking platform that enables students and young professionals to be connected with companies in a fast, direct, and seamless manner.

Northell team redesigned, simplified and upgraded an advanced training platform for developers and DevOps engineers.

Our team designed and developed the world's most advanced marketing automation platform.

Northell created a multifaceted marketplace that includes different services, e-commerce, apartment rent and taxi booking.

Northell Technology Stack

Personalized Approach

We always start the banking software development process by collecting requirements and all the necessary information about future banking software. To ensure the success of your project, we thoroughly analyze your business environment and direct competitors, define the project goals and scope, analyze risks and opportunities, estimate the budget, set deadlines, and map out a feasible project plan.

We compile technical documentation that includes technical specifications, selected technical stacks, and tools for future banking software development.

We dedicate an experienced design team that builds product logic, architecture, and user flows. Our team designs high-fidelity wireframes and prototypes to evaluate the visual appearance of future banking software.

UI designers create a design system or UI kit with all elements and components for future banking software. Also, the design team can create branding elements if needed. The QA team tests software navigation, logic, and all product elements using our own in-house UX lab.

Depending on the project’s scope of work, we assign back-end developers to implement the server side of the application, APIs, and business logic, and front-end developers to transform UI design into a functioning user side. Using pre-defined technical documentation, developers write code for all software components.

Our developers use advanced technologies and technical stacks to develop high-quality and scalable banking solutions. Our team of QA engineers simultaneously conducts various types of testing for all developed components to shorten the time to release and reduce costs.

Next, we deliver the software to users for beta testing. After receiving feedback from users, we make adjustments and improvements if needed. At this step, our main goal is to make sure that the banking software is hack-proof and bug-free.

Once our customer receives ready-to-use software, our cooperation does not end there. We guarantee long-term software support, regular functionality updates, and troubleshooting. Our team is always in touch and ready to maintain your banking software anytime!

Why Choose Northell for Banking Software Development Services?

The average time to hire a software development team is 1.5 months. We can offer specialists ready to start work within a week.

Northell team designs and develops software using best design and development practices and cutting-edge technologies. Our experts regularly update their knowledge and improve their skills by attending professional workshops and seminars.

Following your business requirements, we provide you with a team with domain technical experience. Located in Eastern Europe, we offer talented designers, developers, testers, and other experts in various industries of different seniority levels and expertise.

To develop software, we use an Agile methodology, dividing the entire process of software development into short manageable cycles. Each iteration includes planning, requirements analysis, design, development, testing, and documentation.

The specialists assigned to your projects work on a full-time basis. They are tech-savvy, diligent, and committed to the development process to deliver high-quality, reliable Fintech solutions.

Outsourcing is a proven way to save money in the workplace, equipment, etc. Furthermore, software developer hourly rates in Eastern Europe are the most reasonable.

Design Agencies

Software Developers in UAE

Development & IT Companies Ukraine

in Dubai

Frequently Asked Questions

The banking software development costs vary depending on many factors, including the functionality scope, third-party integrations, architecture choice, cooperation type, team size, and location. Depending on the size and needs of your business, the cost can start at $30,000 and go up.

We are ready to deliver a comprehensive action plan with accurate cost and time estimates at your request. Moreover, we offer different cooperation models (team augmentation or full-time dedicated team) and contract types (dedicated team, fixed price, time & material) to choose from. Either way, you can contact us at any convenient time so our managers can make an accurate estimate matching your primary needs, budget and deadlines.

Banking software development can take several weeks to months, depending on the service you need, features you want to implement, and any extra banking software capability. We recommend consulting with our managers so we’ll prepare an estimated timeframe, taking into account all your business requirements. From our side, we guarantee the delivery of a market-ready online solution according to the deadlines set at the BA phase.

Northell’s team qualifications and relevant experience in building different Fintech solutions help us bring many types of successful banking software to the market. Some of the banking software we have already developed are:

Our dedicated team provides full project coverage from business analysis to long-term maintenance, tools, and resources to help your business scale. We will be glad to apply our competency to a new banking software development project. Share your needs and get consulted as soon as possible.

Our extensive experience in developing different banking solutions shows us the high importance of multi-level data security and regulatory compliance. That’s why we implement best-in-class security practices throughout the development process while ensuring data safety, protection against cyber threats, and compliance with all applicable regulations and standards, including PCI DSS, ISO 9001, and ISO 27001 certifications. For each project, we assign only tech-savvy developers and top-level designers to carry out tasks according to Fintech industry standards and compliances.

Some of the effective security practices we use include:

We introduce modern tools into businesses to support and optimize critical banking systems and customer services. We have a strong background working with cutting-edge technologies like contactless technologies (RFID and NFC), artificial intelligence, machine learning and smart bots, biometrics, neobanking, and blockchain. Based on these technologies, our team is committed to building banking software that delivers an exceptional customer experience by offering tailor-made advanced features, including:

If you want to explore these modern technologies’ efficiency on a full scale, feel free to contact us and ask for professional help.

Let's turn your ideas into reality together!