Financial Software Development Services

The Northell team specializes in developing top-tier financial solutions to address the urgent needs of any-scale businesses. We offer a wide range of financial software development services to support your ongoing project or launch it from scratch. Our expertise helps us move banking and financial businesses forward with the help of modern technologies, proven workflows, and the distinctive skillset of our team. We create future-proof FinTech solutions to help our customers advance operational efficiency, ensure robust financial security, and improve overall business performance.

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Domains where we are the best

From early-startups to world-class level
Banking
Trading / Crypto
Lending
Personal Finance
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    • Personalized Approach

    1

    Technical documentation

    We always start the software development process with the collection of requirements and all the necessary information about the future product. We estimate the project cost, set deadlines, and map out a feasible project plan. 

    The technical documentation we compile includes technical specifications, selected technical stacks, and tools for future development.

    2

    UI/UX design

    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 software. 

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

    3

    Development

    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 software. Our team of QA engineers simultaneously conducts various types of testing for all developed components.

    4

    Deployment & Integration

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

    5

    Maintenance

    Once our customer receives the ready-to-use software, our cooperation does not end there. We guarantee software support if there are any problems or if something needs to be fixed in the future. Our team is always in touch and ready to maintain the product anytime!

    Our Financial Software Development Services Key Points

    • Full cycle development
      Fast time to market

      Thanks to our in-depth Fintech expertise, we adhere to the most efficient development and management practices, both Agile and mixed. We support continuous integration, deployment, and testing to speed up the process and provide deliverables during every short iteration. Our customers can simultaneously participate in the ongoing process, so we can quickly implement changing requirements.

    • Value for money
      Optimized costs

      Our industry-related portfolio allows us to set up an efficient development process while reducing costs beforehand. We use our practical knowledge, cost-efficient frameworks, and tools to balance our customer’s resources. Our team wisely plans the scope of functionality during every iteration to eliminate the need for implementing unnecessary features.

    • High security
      Modern technologies

      Using cutting-edge technologies and tools helps companies of all sizes efficiently meet the Fintech industry's most demanding requirements. The Northell team is not an exception. We strive for effective both cooperation and technical implementation of the project. In this way, we manage to provide top-level security, meet Fintech scalability needs, and satisfy the demand for high automation and personalization.

    • Full stack
      Focus on security and compliance

      At Northell, we understand the importance of secure software operation and financial data protection. Thus, we implement robust security practices for high data encryption, usability, and interoperability. Also, we adhere to the local and international financial data security standards (e.g., GDPR, OWASP, PCI DSS, KYC, AML) and other fintech regulations applicable to specific software types.

    • High standards of expertise
      In-depth Fintech expertise

      We develop fintech solutions for early startups and established brands. This helped us build a portfolio with various types of fintech software, ranging from personal finance apps to complex banking software with different third-party integrations.

    • Work collaboration
      Experienced team

      If you have a lot of tasks on your to-do list, Northell can assign the best talents with relevant experience in the Fintech niche to develop your project. We have specialists with different seniority levels, reasonable hourly rates, and tech skills to build top-performing Fintech software.

    Northell Technology Stack

    Front-end
  • React.js
  • Ant Design
  • Redux
  • Material UI
  • Microfrontends
    • Mobile App Development
    Back-End
  • Node.js
  • Websockets
  • Nest.js
  • RabbitMQ
  • Express.js
    • Test automation tools
  • Swagger
  • Jest
  • Postman
  • Chai
    • Data storages
  • AWS S3
  • Cloudinary
  • Google Cloud Storage
    • DevOps
  • AWS CodePipelines
  • Kubernetes
  • Circle CI
    • Clouds
  • AWS
  • Cloudinary
  • Heroku
  • Google Firebase

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    Why Choose Northell for Finacial Software Development?

    • Less effort on recruitment

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

    • Advanced technologies

      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.

    • Huge pool of tech talent

      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.

    • Agile methodology

      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.

    • Dedicated full-time specialists

      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.

    • Cost savings

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

    Success stories of our clients

    We are honored to work with many amazing companies and remarkable projects. Here are just a few examples of Northell solutions
    View More
    Behance 2
    Launch
    Marketplace

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

    Country: Belgium
    Tool: Figma
    Company Size: 10-50
    Behance 2 1
    SecureFlag
    Education

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

    Country: UK
    Tool: Figma
    Tech Stack: Angular, React.js
    Company Size: 50-100
    Behance 2 2
    Referrizer
    Industry

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

    Country: USA
    Tool: Figma
    Company Size: 150-200
    Behance 2 3
    E-Wish
    E-commerce

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

    Country: USA
    Tool: Figma
    Company Size: 20-50
    View More

    Frequently Asked Questions

    How much does it cost to create financial software?

    Financial software development costs mainly depend on your project’s complexity, software type, and functionality scope. The other critical cost-affecting factors to consider are team location and size. As an Eastern Europe outsourcing company, we have talented and, at the same time, diverse technical experts and high-level IT education, allowing us to provide a reasonable quality-to-cost ratio for financial software development services. 

    The average cost ranges from $30,000 to $550,000+ depending on the project size and FinTech product scale.  

    Along with efficient tools and project development approaches, we oversee all potential risks and plan each project milestone in detail. Before the project starts, we suggest the most optimal technology stack and prepare a risk mitigation plan to ensure no extra resources are required. 

    How long does it take to create financial software?

    To calculate the timeframe for financial software development, we split the project into 4 major stages where our customers often need help: product discovery, UI/UX design, development, and QA. The following vital criterion to keep in mind when calculating the entire project timeline is the project’s size (small, middle-size, or large-scale project). With these factors in mind, we can estimate the project’s timeframe accurately. 

    On average, the time for custom financial software development is typically between 4 to 12 months. 

    Northell has in-depth expertise and has already worked out the best practices and approaches, so we know how to speed up the development process and meet tight deadlines.  

    How to develop financial software?

    To develop financial software, you will need to define your core business request and identify the main goal (or value) of your FinTech product. At Northell, we can help our customers with only a raw idea. Once we achieve the request from our customer, we adhere to such development milestones:

    • Technical documentation – Identify software and business requirements among all project stakeholders, estimate project timelines and budgets, and create a clear project roadmap.
    • UI/UX design –  Create all user interfaces and visual elements, branding elements (if required), and map out the user experience
    • Development – Developers write code for all software components
    • Deployment & Integration – Deliver software to users for beta testing, collect and analyze feedback and make software improvements 
    • Maintenance – Support the FinTech software upgrades and fix bugs  

     

    How to hire a financial software developer?

    One of the simplest ways to hire developers is to scan different online platforms for hiring individual specialists or a dedicated IT vendor. By accessing online platforms (e.g., TopTal, Upwork, Linkedin, etc.), you can hire software engineers, designers, and testers of any seniority level to work on an hourly, part-time, or full-time contract basis.

    By accessing Clutch or GoodFirms, you can hire a full-stack dedicated software development provider. Once you define the potential contractors, you should start an interview process to choose the best-fit candidate or team and define cooperation terms. After you’ve chosen a candidate, you can finally discuss legal nuances and sign a contract.  

    What services does financial consulting include?

    Northell provides financial consulting services to support the digital transformation of numerous FinTech organizations and businesses. The sub-services included are professional FinTech consulting and risk assessments. We can help you find the right solution based on several evaluations and in-depth FinTech business audits.

    What are the best collaboration models for financial software development?

    There are three collaboration models for financial software development: dedicated team, fixed price, and time & materials. The choice of collaboration models depends on your project size and scope of work. We recommend working with a dedicated team model for large-scale projects or different pools of tasks without a clear vision of future project objectives. A fixed-price model is more suitable for projects with a predefined and precise scope of tasks. For the time & materials collaboration model, the customer pays for work completed. Such a model suits mid-size and large projects with no clearly defined scope.  

    Frequently Asked Questions

    How much does it cost to create financial software?

    How much does it cost to create financial software?

    Financial software development costs mainly depend on your project’s complexity, software type, and functionality scope. The other critical cost-affecting factors to consider are team location and size. As an Eastern Europe outsourcing company, we have talented and, at the same time, diverse technical experts and high-level IT education, allowing us to provide a reasonable quality-to-cost ratio for financial software development services. 

    The average cost ranges from $30,000 to $550,000+ depending on the project size and FinTech product scale.  

    Along with efficient tools and project development approaches, we oversee all potential risks and plan each project milestone in detail. Before the project starts, we suggest the most optimal technology stack and prepare a risk mitigation plan to ensure no extra resources are required. 

    How long does it take to create financial software?

    How long does it take to create financial software?

    To calculate the timeframe for financial software development, we split the project into 4 major stages where our customers often need help: product discovery, UI/UX design, development, and QA. The following vital criterion to keep in mind when calculating the entire project timeline is the project’s size (small, middle-size, or large-scale project). With these factors in mind, we can estimate the project’s timeframe accurately. 

    On average, the time for custom financial software development is typically between 4 to 12 months. 

    Northell has in-depth expertise and has already worked out the best practices and approaches, so we know how to speed up the development process and meet tight deadlines.  

    How to develop financial software?

    How to develop financial software?

    To develop financial software, you will need to define your core business request and identify the main goal (or value) of your FinTech product. At Northell, we can help our customers with only a raw idea. Once we achieve the request from our customer, we adhere to such development milestones:

    • Technical documentation – Identify software and business requirements among all project stakeholders, estimate project timelines and budgets, and create a clear project roadmap.
    • UI/UX design –  Create all user interfaces and visual elements, branding elements (if required), and map out the user experience
    • Development – Developers write code for all software components
    • Deployment & Integration – Deliver software to users for beta testing, collect and analyze feedback and make software improvements 
    • Maintenance – Support the FinTech software upgrades and fix bugs  

     

    How to hire a financial software developer?

    How to hire a financial software developer?

    One of the simplest ways to hire developers is to scan different online platforms for hiring individual specialists or a dedicated IT vendor. By accessing online platforms (e.g., TopTal, Upwork, Linkedin, etc.), you can hire software engineers, designers, and testers of any seniority level to work on an hourly, part-time, or full-time contract basis.

    By accessing Clutch or GoodFirms, you can hire a full-stack dedicated software development provider. Once you define the potential contractors, you should start an interview process to choose the best-fit candidate or team and define cooperation terms. After you’ve chosen a candidate, you can finally discuss legal nuances and sign a contract.  

    What services does financial consulting include?

    What services does financial consulting include?

    Northell provides financial consulting services to support the digital transformation of numerous FinTech organizations and businesses. The sub-services included are professional FinTech consulting and risk assessments. We can help you find the right solution based on several evaluations and in-depth FinTech business audits.

    What are the best collaboration models for financial software development?

    What are the best collaboration models for financial software development?

    There are three collaboration models for financial software development: dedicated team, fixed price, and time & materials. The choice of collaboration models depends on your project size and scope of work. We recommend working with a dedicated team model for large-scale projects or different pools of tasks without a clear vision of future project objectives. A fixed-price model is more suitable for projects with a predefined and precise scope of tasks. For the time & materials collaboration model, the customer pays for work completed. Such a model suits mid-size and large projects with no clearly defined scope.  

    Let's turn your ideas into reality together!

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