<p dir="ltr">The digital age has presented us with new vocabulary. Words like 'bitcoin', 'litecoin', 'dogecoin', and 'blockchain' have not only become part of our daily conversations but are also reshaping the financial and technological landscapes.&nbsp;To many, these might sound like buzzwords from a futuristic novel, yet their growing prominence in the fintech sphere is undeniable with the rise in market capitalization and trading volume of these altcoins.</p>

Building your own cryptowallet app? Here's the complete guide about types, features, examples, steps for developing a cryptocurrency wallet.

Cryptocurrency wallet development | Agilie

<p dir="ltr" style="line-height: 1.38; margin-top: 0pt; margin-bottom: 12pt;"><span style="font-size: 11pt; font-family: Arial, sans-serif; color: #414141; font-variant-ligatures: normal; font-variant-east-asian: normal; font-variant-position: normal; vertical-align: baseline; white-space: pre-wrap;">Blockchain is an innovative way to build databases. In addition to storing information about transactions, the database itself is verified and guarantees security. This means that the information in it is genuine and has not been used on the blockchain without the consent of other users.</span></p>

The use of blockchain makes it possible to eliminate intermediaries when performing banking operations and automate many processes. The efficiency of the banking system is also increased by reducing costs.

How Blockchain is Transforming Payments | Agilie

<p><span id="docs-internal-guid-76ba37c4-7fff-9330-4019-e803d0a42d73">Agile software development is a result-oriented way of building products from scratch that helps to consider all their weak spots and improve them on the go. As a result, you get a valuable product that no one can compete with.</span></p>

Agile software development is a result-oriented way of building products from scratch that helps to consider all their weak spots and improve them on the go. Learn more about the key principles if Agile, roles, metrics, pros and cons of Agile.

Agile Software Development: Hype or Working Practice? | Agilie

<p>Software reengineering is the process of creating new functionality or eliminating bugs by making a revolutionary change, but using software that is already in use.</p>

Reengineering is the modification of a software system after it has been reverse-engineered. Find out the main stages of reengineering and what you need to make your product reengineered.

Software re-engineering and re-engineering process | Agilie

<p><span id="docs-internal-guid-312201b4-7fff-4f55-1d5c-7d26036f6685">Wondering which Agile methodology of software development to choose to successfully realize your project? Figure out all the details in our recent research</span></p>

Take advantage of the Agile software development to define epics, set story points, and manage Agile projects. Allow continuous integration and high-quality software delivery thanks to the implementation of the Agile development methodologies.

Agile Software Development Lifecycle: A Comprehensive Guide | Agilie

<p>In our digital era, companies need technologies on board, no matter their size or industry. That is why, oftentimes, they are one of the main business investments and thus they must be taken care of properly. That is when IT (information technology) support comes into play.</p>

 Read the article to know what IT support is, why you need IT support, how it functions, and what IT support consists of.

What is IT support? Types and tools | Agilie

<p><span id="docs-internal-guid-290eeae2-7fff-a476-0daa-140364f53e84">Dive deep into successful fintech app development in 2024. Learn about data protection, tech stack, and the cost of a fintech app in Agilie's research.</span></p>

Dive deep into successful fintech app development in 2024. Learn about data protection, tech stack, and the cost of a fintech app in Agilie's research.

How to develop a fintech app in 2024 | Agilie

<p dir="ltr">If you own an IT business, you probably know how difficult it is and how long it takes to recruit in-house IT specialists. Especially those with a Middle or Senior level of expertise or some with very rare tech skills. This could become a real nightmare if your project needs experts just right now.</p>
<p dir="ltr">What to do in such a case?&nbsp;</p>
<p dir="ltr">The smartest move you can take is to opt for a staff augmentation model that helps expand your team for a specific project extremely fast. Still don&rsquo;t know what this helpful model is? In this article, we will explain to you what staff augmentation really is, when it is best to use it, as well as give you all the cons of this model.&nbsp;</p>
<p dir="ltr">But let&rsquo;s start with some basics.</p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Staff augmentation is a flexible and cost-effective solution for companies that need to scale their workforce quickly. By extending their existing team with external talent, companies can access a wide range of skills and expertise without committing to the long-term costs associated with hiring full-time. 
There are different models of staff augmentation, including time and material, fixed-price, and dedicated team models. These models offer varying degrees of flexibility and control, allowing companies to choose the model that best suits their needs.
Staff augmentation enables companies to access the skills and expertise they need to complete projects more quickly, ultimately leading to improved business outcomes and success.
Among the most popular cases of team augmentation use are when a company needs to meet a tight deadline, requires specialized skills, or wants to maintain its core team's stability. By leveraging staff augmentation, companies can quickly access the talent they need to meet their business objectives, without the long-term commitment of hiring full-time employees.
By adopting a staff augmentation model, companies can access a pool of skilled talent, reduce costs, and remain agile and responsive to changing market conditions, ultimately leading to improved business outcomes and success.">
<div class="form-description-title">Key Takeaways</div>
Staff augmentation is a flexible and cost-effective solution for companies that need to scale their workforce quickly. By extending their existing team with external talent, companies can access a wide range of skills and expertise without committing to the long-term costs associated with hiring full-time. <br /><br />There are different models of staff augmentation, including time and material, fixed-price, and dedicated team models. These models offer varying degrees of flexibility and control, allowing companies to choose the model that best suits their needs. <br /><br />Staff augmentation enables companies to access the skills and expertise they need to complete projects more quickly, ultimately leading to improved business outcomes and success. <br /><br />Among the most popular cases of team augmentation use are when a company needs to meet a tight deadline, requires specialized skills, or wants to maintain its core team's stability. By leveraging staff augmentation, companies can quickly access the talent they need to meet their business objectives, without the long-term commitment of hiring full-time employees. <br /><br />By adopting a staff augmentation model, companies can access a pool of skilled talent, reduce costs, and remain agile and responsive to changing market conditions, ultimately leading to improved business outcomes and success.</div>
<h2 dir="ltr">What is Staff Augmentation?</h2>
<p dir="ltr">When you first hear about IT staff augmentation services, many people would immediately think of an augmented human from a modern cyberpunk movie. Are you one of them? That is understandable.&nbsp;</p>
<p dir="ltr">In reality, IT staff augmentation is not about it at all. The word augment itself means to make something larger &mdash; in size, number, strength, etc. Augmented in the IT sphere means a bigger team. But having bigger teams doesn&rsquo;t mean becoming more effective. It can sometimes be quite the opposite, as bigger teams are quite difficult to manage. Staff augmentation can help you enlarge your team while ensuring that this staffing remains efficient.&nbsp;&nbsp;</p>
<p dir="ltr">To put it simply, staff augmentation is an outsourcing hiring strategy where a business temporarily hires one or several outsourcing IT experts for a certain project.&nbsp;</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407005789.png" width="2001" height="1401" /></p>
<p dir="ltr">Wait, so is it that simple? And you won&rsquo;t need to pay for time-consuming recruiting or consulting services?&nbsp;</p>
<p dir="ltr">Yep, you can find numerous staff augmentation providers that will do the job instead of you and hire excellent temporary engineers for your project very fast. Besides, skilled talent is hired to cover only the necessary positions temporarily, permanently, or on-demand. The hires are added to the in-house team and collaborate with them on a specific project which enhances the capacity of your team and organization.&nbsp;</p>
<h3 dir="ltr">Why is staff augmentation so popular?&nbsp;</h3>
<p dir="ltr">Staff augmentation has become a widely used practice worldwide with <a href="https://www2.staffingindustry.com/site/Research/Research-Reports/Americas/Global-Staffing-Forecast-May-2019" target="_blank" rel="noopener">$490 billion</a> of revenue annually. One of the main sources for staff augmentation is freelancing, which has become very popular recently due to the rise of numerous freelance platforms. Just imagine, in the US solely, about <a href="https://www2.staffingindustry.com/site/Research/Research-Reports/Americas/The-US-Gig-Economy-2019-Edition" target="_blank" rel="noopener">34% of workers</a> are freelancers, and this number grows each year.&nbsp;&nbsp;</p>
<p dir="ltr">But why has staff augmentation become so popular?&nbsp;</p>
<p dir="ltr">It is obvious. Many companies today choose IT staff augmentation for a bunch of situations, including talent shortage, high cost of IT professionals, and many more. This model helps businesses minimize operational costs while skyrocketing their efficiency. It also helps quickly scale your IT department once you need it and add more employees to keep up with the demand.&nbsp;</p>
<p dir="ltr">Staff augmentation can, undoubtedly, help you enhance both the quality and speed of your projects, because by hiring professionals in various fields, you get the expertise that your in-house developers may lack. This could be extremely helpful if you have complex IT projects and you need a senior level of expertise.</p>
<p dir="ltr">Last but not least, staff augmentation service can present your workers with excellent training opportunities. Your in-house staff can share the experience with your in-house team, allowing them to learn and grow throughout the whole development process.</p>
<h3 dir="ltr">Types of staff augmentation</h3>
<p dir="ltr">Today, IT staff augmentation can be divided into three main types, each with its own peculiarities:</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407019595.png" width="2001" height="1001" /></p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Core augmentation</p>
</li>
</ul>
<p dir="ltr">This type of augmentation is long-term with a full-time contract. All the resources of the business are shared with another company and the core team works full-time at the hired company while paralelly working in their own company. The roles and responsibilities of the core team are stated in the contract.</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Temporary augmentation</p>
</li>
</ul>
<p dir="ltr">This type of augmentation is short-term with temporary staff for a specific project. Usually, companies prefer the temporary augmentation model if they lack the resources for covering all their projects. Temporary augs can increase the number of people to handle multiple projects.</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Functional augmentation&nbsp;</p>
</li>
</ul>
<p dir="ltr">This type of augmentation involves contracted employees working temporarily on a specific project. The main difference between core and functional augmentation is that the latter doesn&rsquo;t have an indefinite duration.&nbsp;&nbsp;</p>
<h3 dir="ltr">Use cases of staff augmentation</h3>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407086168.png" width="2001" height="1201" /></p>
<p dir="ltr">Before applying this cooperation strategy, it is crucial to know its best use cases. Here are some of the most common uses when you should consider opting for staff augmentation:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Reinforcing your in-house team: yes, you may already have a developer team that works in-house. However, when you launch new projects or release new products or services, it is better to improve your expertise by augmenting your existing IT team with temporary personnel. This way, you will get a better outcome.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">When you have short deadlines: the process of recruiting new employees is a complex process with lots of stages. But if you don&rsquo;t have time and patience for it, you can take advantage of staff augmentation. You can get programmers from any part of the world very fast and meet the needs of your project, no matter if it is short- or long-term.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">If you need specific expertise: if you need to get a specialist with a certain skill set over a short period of time, this cooperation method will help you out.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">If you need to bridge a gap: you can always hire temporary workers for short-term projects while looking for permanent candidates.</p>
</li>
</ul>
<h2 dir="ltr">The Difference between Staff Augmentation and Delivery Teams</h2>
<p dir="ltr">When learning about staff augmentation, you may also come across the term delivery teams. These two terms can even be misused sometimes.&nbsp;</p>
<p dir="ltr">But what is the difference? And is there any?&nbsp;</p>
<p dir="ltr">As we already found out, staff augmentation is the process of hiring one or more temporary tech specialists. So, when you have more demanding projects that need constant support through all their stages of development, staff augmentation might not be a good fit for you.&nbsp;</p>
<p dir="ltr">In this case, you need a delivery team that usually consists of a skilled project manager, several software developers, and quality assurance specialists. Such teams work on projects autonomously and need little or no supervision from your side.&nbsp;&nbsp;</p>
<h2 dir="ltr">Benefits of IT Staff Augmentation</h2>
<p dir="ltr">Just like with any other cooperation strategy, staff augmentation comes with a bunch of pros and cons. Here is the list of some of the benefits you can get when opting for this model:</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407045860.png" width="2001" height="1101" /></p>
<h3 dir="ltr">1. Reduction of the time for recruiting</h3>
<p dir="ltr">Organizing a well-functioning recruiting process takes time and energy. You need to create job descriptions, place them on the job portals, interview candidates, and do many other necessary steps. And even all of them do not guarantee fast and successful hiring.&nbsp;</p>
<p dir="ltr">But what if we say that staff augmentation will eliminate all these stages, especially if you get help from a staff augmentation company? It will do everything instead of you and staff your business very fast with new full members of your team.&nbsp;</p>
<p dir="ltr">Besides, having temporary workers will help you fight another issue called overstaffing. When you have already delivered the project, you may not need the same number of workers anymore. And with staff augmentation, you won&rsquo;t face the problem of firing gifted tech talent.&nbsp;</p>
<h3 dir="ltr">2. Access to a talented pool of experts</h3>
<p dir="ltr">When you need a candidate with a certain technical skill set, the staff augmentation company will offer you good fits without wasting your time. Besides, you can select experts from any part of the world to meet your business goals if you do not have matches in your region.&nbsp;</p>
<p dir="ltr">With staff augmentation, you can use both internal and external resources while saving your time on onboarding and training of the new employees.&nbsp;</p>
<h3 dir="ltr">3. Enhanced flexibility and scalability</h3>
<p dir="ltr">This model is extremely flexible and scalable. With IT staff augmentation, you can easily both upscale or downscale your development team, which is more comfortable than hiring full-time employees. What is more, when the project ends, you can end the partnership with temporary staff or revive it in the future if you need help again. This won&rsquo;t ruin your brand image like firing your employees.&nbsp;</p>
<h3 dir="ltr">4. Quality on a budget</h3>
<p dir="ltr">If your business has a limited budget and payroll, staff augmentation is just for you. You don&rsquo;t need to pay any extra costs as you do with full-time staff. However, you can always add some bonuses to improve their happiness and performance.&nbsp;</p>
<p dir="ltr">Moreover, small businesses benefit a lot from temporary placement on a short-term basis with no long-term commitment as you do not need to pay taxes or insurance.&nbsp;</p>
<p dir="ltr">But does this mean that the quality is lower, too? Of course, not. Staff augs deliver the same quality and quantity of work just like your full-time employees.&nbsp;</p>
<h2 dir="ltr">How to Succeed with Team Augmentation</h2>
<p dir="ltr">If done the right way, staff augmentation can significantly improve your bottom line and enhance productivity. Here is a step-by-step guide on how to successfully implement this strategy in your business:&nbsp;</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407061994.png" width="2001" height="1701" /></p>
<h3 dir="ltr">Identify which skill or expertise your company needs</h3>
<p dir="ltr">The first step of staff augmentation adoption is identifying which tech expertise you currently need by conducting a detailed analysis of your business operation. You can also assess your projects requirements and your personnel audit outcome and find out which gap you have and whether the acquisition of the temporary employees will help you out.</p>
<h3 dir="ltr">Search for staff augmentation provider</h3>
<p dir="ltr">When you are looking for a staff augmentation vendor, you should always keep in mind your requirements as different staff augmentation companies have different approaches to recruiting. Conduct the research, assess their credentials and offers, and track records. Make sure to find someone who aligns with both your corporate and operational cultures.&nbsp;</p>
<h3 dir="ltr">Compare and choose one</h3>
<p dir="ltr">You don&rsquo;t need to choose only one staff augmentation provider as each of them has unique offers to consider. Try to multisource, select several of the most suitable vendors, compare them, and select the one that is the best fit for long-term cooperation.</p>
<h3 dir="ltr">Foster a healthy relationship between in-house and remote teams</h3>
<p dir="ltr">No matter if you work with in-house or remote teams, you need to force a healthy environment in which everyone is happy to work. How? You need to communicate with everyone and ensure that each of the teams is in sync. For example, when you are holding a meeting, ask about your team&rsquo;s interests or hobbies to figure out what they have in common. This will also help in building a healthy relationship in the team.&nbsp;</p>
<h3 dir="ltr">Make sure the communication is clear</h3>
<p dir="ltr">Did you know that your bottom line can be improved with the help of clear communication? How so? It is obvious. Your entire team needs to understand your business vision and mission as well as all project requirements. It is also very important to ensure clear communication so that everyone who takes part in the development and administration process can contribute to it and buy into decisions.</p>
<h3 dir="ltr">Master useful technologies</h3>
<p dir="ltr">Always master technologies and tools that might be helpful for you. Such team collaboration tools like CRM system, Slack, JIRA, task management system, or Basecamp help to share comments from team members as well as project statuses. Be careful as the lack of communication may result in miscommunication. And this can affect your entire project negatively. Many modern tools can do the contrary; they enhance the communication and collaboration within your team.&nbsp;</p>
<p dir="ltr">Conclusion&nbsp;&nbsp;</p>
<p dir="ltr">Undoubtedly, a staff augmentation strategy allows you to focus on your core business objectives and stay competitive in this fast-paced world. By adopting this cooperation solution, you get several benefits, like decreasing time and cost for recruiting and employment, improved efficiency of your team, and extreme flexibility and scalability.&nbsp;</p>
<p dir="ltr" style="line-height: 1.9871999999999999; margin-top: 0pt; margin-bottom: 10pt;">If you often need employees for short-term projects, then IT staff augmentation is surely a must for your firm. And the abundance of staff augmentation providers on the market will ensure that you hire only skilled developers whenever you need them and won&rsquo;t spend too much time and money on recruiting. <span id="docs-internal-guid-38677343-7fff-dfcf-7319-998567c0d35d"></span></p>

<p>Staff augmentation is an outsourcing hiring strategy where a business temporarily hires one or several outsourcing IT experts for a certain project.</p>

Staff augmentation is an outsourcing hiring strategy where a business temporarily hires one or several outsourcing IT experts for a certain project.

What is Staff Augmentation and How it Works | Agilie

<p>Delve into the best security practices for neobanks to develop secure, trustworthy, and successful digital banking apps.</p>

Delve into the best security practices for neobanks to develop secure, trustworthy, and successful digital banking apps.

Top Security Practices for Neobanking You Need to Know

<p dir="ltr" style="text-align: justify;">Neobanks represent an innovative avenue to build modern and efficient banking solutions. The major factor of the neobank&rsquo;s success is a strong digital infrastructure created by an expert development team. The team is proficient in coding and involves innovative solutions, strong security implementation, and user-oriented design. They have to ensure compliance with regulatory standards, guarantee data protection, and provide scalable solutions that meet the organization's growing needs. Agilie in this article has presented a detailed process for hiring a development team that is in line with the neobank&rsquo;s mission and vision.</p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="To successfully launch and operate a neobank, it's crucial to hire a skilled development team that understands fintech and digital banking. 

The process of finding the right team needs a clear vision of your needs, the usage of appropriate recruitment platforms, and comprehensive support from an expert team that offers end-to-end services.

Prioritizing strong client relationships is a factor that helps to make informed decisions based on cultural fit.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" style="text-align: left;" role="presentation">To successfully launch and operate a neobank, it's crucial to hire a skilled development team that understands fintech and digital banking.&nbsp;</p>
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
<p dir="ltr" role="presentation">The process of finding the right team needs a clear vision of your needs, the usage of appropriate recruitment platforms, and comprehensive support from an expert team that offers end-to-end services.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" style="text-align: left;" role="presentation">Prioritizing strong client relationships is a factor that helps to make informed decisions based on cultural fit.</p>
</li>
</ul>
</div>
<h2 dir="ltr" style="text-align: justify;">Identifying Your Needs</h2>
<p dir="ltr" style="text-align: justify;">Defining the major components of your neobank and the skills of your development team is important when starting your neobank business. This is an initial phase that builds the foundation of your project&rsquo;s possibility of success. This is a guide that will show you how to recognize members with crucial skills, experience, and expertise in this project for building a top-notch neobank creation team.</p>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475062456.png" /></p>
<p dir="ltr" style="text-align: justify;"><strong>Key Roles in a Neobank Development Team</strong>&nbsp;</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Project Manager (PM):</strong>&nbsp;The PM controls the entire development process to ensure that the project arrives within time, budget, and specification. They provide a communication link between the developers and stakeholders.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Business Analyst (BA):</strong>&nbsp;BA has the vital role of transforming complicated financial needs into business solutions. They collaborate with stakeholders to articulate business needs, restructuring processes, and achieve compliance in the neobanking industry.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>UI/UX Designer:</strong>&nbsp;Since user experience (UX) is one of the major factors in the success of neobanking, a designer knowledgeable in user interface design (UI) is essential. They not only deal with the style and atmosphere of your virtual bank but also keep an eye on using simple designs that enhance the level of user satisfaction and engagement.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Software Developers:</strong>&nbsp;You will have to hire a mix of both front and backend developers who have experience with&nbsp;<a href="https://agilie.com/expertise/fintech" target="_blank" rel="noopener">fintech software development</a>. Frontend developers work with what users directly see and interact with in the application or website. Backend Developers work on the server side, administering the database and application logic. They should know modern programming languages and frameworks. Every software developer should prioritize security. In a neobank&rsquo;s financial nature, security is an inevitable element.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Quality Assurance (QA) Engineers:</strong>&nbsp;QA engineers are irreplaceable in the building of a perfect user interaction mechanism. They conduct the testing and debugging of the code, making sure that the software is trusted, performs well, and is free from bugs.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>DevOps Engineer:</strong>&nbsp;This function includes improving the processes of development and deployment using cloud technologies and tools, with a focus on security. This will therefore make sure that your banking platform can scale up and adapt fast to the ever-changing situations.</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Operating a neobank largely involves more than technical expertise. It can only be successful if the dev team deeply understands the financial regulations, data security, and customer-centric design. The team members should possess agile workflow skills and be able to quickly and seamlessly integrate changes in the code base, processes, and environment. But how to find candidates? We will share our recommendations in the next chapter.&nbsp;</p>
<h2 dir="ltr" style="text-align: justify;">Finding Candidates</h2>
<p dir="ltr" style="text-align: justify;">The next key step is to find the appropriate candidates. Whether you're after a single node or a full development team, using the right platforms can immensely ease the process. Here's how you can handle the recruitment landscape masterfully.</p>
<h3 dir="ltr" style="text-align: justify;">Utilizing Professional and Job-Specific Platforms</h3>
<p dir="ltr" style="text-align: justify;"><strong>LinkedIn:</strong>&nbsp;It is a critical network for professionals. Look through the LinkedIn profiles of the applicants to gain insights into their background, former project involvement, and professional acquaintances. It&rsquo;s also a good placement for posting job ads and getting to a wide audience of professionals looking for new jobs.</p>
<p dir="ltr" style="text-align: justify;"><strong>GitHub:</strong>&nbsp;Linked to technical jobs, especially for software developers, GitHub is of utmost importance. It offers the ability to review the previous work of candidates, analyze their coding style, and comprehend their contributions to different projects. This is a key factor in assessing a developer's technical expertise.</p>
<p dir="ltr" style="text-align: justify;"><strong>Industry-specific sites:</strong>&nbsp;Sites such as Clutch, Manifest, GoodFirms, and IT Firms concentrate on rating and reviewing technology service companies. They comprise customer reviews, ratings, and detailed profiles of companies that specialize in the development of software, including neobank solutions.</p>
<p dir="ltr" style="text-align: justify;"><strong>Clutch</strong>&nbsp;is a suitable resource for locating development firms as it focuses on B2B services only. To make a successful search, apply appropriate keywords and filters, as well as pay attention to the service focus and portfolio of every company. Pay attention to clients&rsquo; reviews, credibility, and in-depth case studies. Client reviews help to tell about project management, communication, and results. Look through in-depth case studies to see how the firm goes about projects and how they approach complexity. Make sure the team has the appropriate technical abilities and a reputation among clients for delivering excellent results to be successful.&nbsp;</p>
<p dir="ltr" style="text-align: justify;">Agilie stands apart as a highly-ranked company on platforms such as Clutch because client reviews document our customer-oriented approach, innovative solutions, and solid software development abilities. These awards are a testament to our unwavering resolve to provide reliable, scalable, and secure digital banking services.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475178760.png" /></p>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714476206917.png" /></p>
<p dir="ltr">Client testimonials and expert reviews bring in information about a firm&rsquo;s dependability, quality, and performance. Choosing candidates from these sources guarantees an experienced development squad that can create a neobank.</p>
<p dir="ltr" style="text-align: justify;">Additionally, we would like to emphasize client relationships, and we will discuss this in the next chapter.</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475303351.png" width="100%" height="100%" /><span class="incut--text">Learn more about us by visiting our website.</span></a></p>
<h2 dir="ltr" style="text-align: justify;">Client Relationships&nbsp;</h2>
<p dir="ltr" style="text-align: justify;">Launching a neobank is a process of several steps that require constant communication between you and the development team members. An exemplary team of professionals having in-depth abilities and being client-oriented will be the determining factor of the project.</p>
<p dir="ltr" style="text-align: justify;">A development team that prioritizes client relationships is essential for several reasons.</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Communication:</strong>&nbsp;Clarity, consistency, and transparency are the cornerstones that will ensure that there is a collective understanding and proper implementation of the vision. This methodology solves the problem of misunderstandings and saves the sustainable alignment of the project under the goals.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Flexibility:</strong>&nbsp;Being up-to-date with the latest demands and alterations is highly critical in the constantly changing sector of fintech. A team that fully understands the industry environment, market, and customer requirements will have the highest capability to react to the market change and will help you to be the market leader.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Support:</strong>&nbsp;The support from the start to the end, as well as after launching, is critical for problem-solving and scaling the solution when your business grows.</p>
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">Agilie&rsquo;s Approach to Client Relations</h3>
<p dir="ltr" style="text-align: justify;">At Agilie, we consider our customer relations equally valuable as our technological competencies. We are delighted to describe our approach to client communications.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><strong>Personalized Service:</strong>&nbsp;Each customer is distinctive, and so does their peculiar requirements. We appoint a designated project manager to every project. This manager functions as a link between our customers and our development team, guaranteeing that every correspondence is relevant and responds to the necessities and preferences of our clients.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><strong>Proactive Engagement:</strong>&nbsp;We don&rsquo;t just react to problems; we prevent them. During all stages of development, our team makes regular check-ins and updates to keep you informed about the progress of the project and to gather your references on crucial decisions. Our team implements preventive practices to neutralize threats before they turn into problems.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><strong>Transparent Processes:</strong>&nbsp;Transparency is an integral part of our activities. We bring development progress and financial expenditures right on time. This transparency ensures trust and there are no hidden actions.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><strong>Long-term Partnership Focus:</strong>&nbsp;Agilie aims at long-term relationships. We offer ongoing support and development services to help you adjust to the future growth of your neobank.</p>
<p dir="ltr">According to our clients, they value Agilie's ability to listen, adapt, meet deadlines, and consistently deliver high-quality results.</p>
<p dir="ltr">&nbsp;&nbsp;&nbsp;<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/success-stories" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475404994.png" width="100%" height="100%" /><span class="incut--text">Learn more about our case studies and how we have created marvelous projects.</span></a></p>
<h2 dir="ltr">Making the Decision</h2>
<p dir="ltr" style="text-align: justify;">Selecting the right development team for your neobank is a critical choice that will greatly affect the fate and path of your project. This choice should be based on both technical skills and cultural fit evaluation. We will take you through the evaluation process to make an informed hiring decision.</p>
<p dir="ltr" role="presentation"><strong>1. Assessing Technical Expertise:</strong></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Review Portfolios and Case Studies</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Check References and Testimonials</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Evaluate Technical Presentations or Pitches</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Consider requesting a technical assessment</p>
</li>
</ul>
<p dir="ltr" role="presentation"><strong>2. Considering Cultural Fit</strong></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Communication Style</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Management Approach</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Values and Vision</p>
</li>
</ul>
<p dir="ltr" role="presentation"><strong>3. Balancing Cost and Value</strong></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Cost Efficiency vs. Investment Return (A higher upfront cost might be justified by superior quality and longer-term savings in maintenance and scalability)</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">As you make your choice, keep in mind how Agilie interacts with the technical and cultural sides of the project. We value your opinion as it is our success indicator, as well as the success of your bank.</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/steps-in-our-neobank-development-process" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475720919.png" width="100%" height="100%" /><span class="incut--text">Find out our neobanking development process and its price in our article.</span></a></p>
<h2 dir="ltr">Conclusion</h2>
<p dir="ltr" style="text-align: justify;">Hiring a neobank development team is a complicated step, and its thoroughness is critical. The main part of this process includes:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">identifying your needs,&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">finding candidates,&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">building relationships,&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">making the ultimate choice.&nbsp;</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Hiring process efficiency involves evaluating technical skills, cultural alignment, communication, and a potential for a long-term relationship. The technical expertise will guarantee that the project is done according to the highest standards, and cultural alignment will create a collaborative environment. Effective communication and excellent client relationships will result in the development of better solutions that satisfy all customer needs.</p>
<p dir="ltr" style="text-align: justify;">Through proper screening of prospective alliances, understating their strengths and weaknesses, and choosing a partner who relates to both your technical requirements and your company's culture, we can guarantee scalable, user-centric, and time-tested neobank.&nbsp;</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475762130.png" width="100%" height="100%" /><span class="incut--text">Contact Agilie to realize your vision with the utmost dedication, expertise, and success.</span></a></p>

<p>Get all the information on how to hire a development team to build a neobank from the experts at Agilie, and get closer to your success.</p>

Get all the information on how to hire a development team to build a neobank from the experts at Agilie, and get closer to your success.

How To Hire A Development Team For Building A Neobank

<p>Discover how partnering with a specialized software development company can help your neobank scale efficiently and effectively.</p>

Discover how partnering with a specialized software development company can help your neobank scale efficiently and effectively.

Scale Your Neobank in 2024: The Impact of a Strategic Development Partner

<p><span style="text-align: justify;">Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.</span></p>

Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.

Blockchain Tech Trends: How to Stay Ahead of the Curve

<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-ffc04ced-7fff-1c27-71a8-06f1b85a7b1f">Blockchain has become a paradigm shift that changes the operations of different industries. Nevertheless, like any other disruptive technology, a lot of myths and misconceptions have appeared. We should differentiate between fact and fiction to use blockchain technology effectively and responsibly. We can better understand what blockchain is (and isn&rsquo;t), how it functions, and the varied applications it holds besides cryptocurrencies by clarifying these misconceptions.</span></p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Blockchain is not just about Bitcoin; it is the technology that can transform different fields. 

Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.

Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" style="text-align: left;" role="presentation">Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;</p>
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
<p dir="ltr" role="presentation">Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" style="text-align: left;" role="presentation">Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.</p>
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">&nbsp;Myth 1: Blockchain and Bitcoin Are the Same</h2>
<p dir="ltr">Among the most common myths about blockchain technology is the confusion between the blockchain and Bitcoin. Blockchain and Bitcoin were created simultaneously, so they are widely believed to be the same thing. However, we must understand that blockchain is a much broader term. It is the technology that created Bitcoin. While Bitcoin is indeed the first and most famous application of this technology, equating the two is like saying that Google is the Internet.</p>
<p dir="ltr">Blockchain is a decentralized digital ledger technology (DLT) that records transactions across multiple computers so that the records cannot be altered retroactively, without the alteration of all subsequent blocks and the consensus of the network.</p>
<p dir="ltr">This makes blockchain a naturally secure and transparent method of data and transaction recording.&nbsp;</p>
<p dir="ltr">Bitcoin is a type of digital currency based on blockchain technology and used for secure, anonymous, and decentralized financial transactions. The blockchain of Bitcoin acts as a public ledger for all the transactions in the Bitcoin network, thus, it is possible to transfer digital currency securely without the use of intermediaries like banks or governments.&nbsp;</p>
<p dir="ltr">Blockchain technology can be much broader than purely financial transactions. It can be used in different industries with various aims. <span style="text-align: justify;">Nowadays, many businesses are studying how blockchain can </span><a style="text-align: justify;" href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">improve their operations</a><span style="text-align: justify;">.</span></p>
<p><span id="docs-internal-guid-472b7e6f-7fff-cc7f-585e-96d452017ac3"></span></p>
<p dir="ltr">Here are a few examples:</p>
<p dir="ltr"><strong>Healthcare:</strong> Blockchain can guarantee the safety of medical records storage and sharing. Thus, they are only available to authorized personnel and patients and lead to quicker diagnosis and treatment.​</p>
<p dir="ltr"><strong>Financial Services:</strong> Blockchain is a viable solution for international payments, real-time settlements, and improving transaction transparency and security.</p>
<p dir="ltr"><strong>Digital Identity:&nbsp;</strong> Blockchain can correct identity theft and fraud by adding digital identities that cannot be changed. For example, Estonia's e-Residency program is the first of its kind, a government-issued digital identity that allows entrepreneurs from anywhere in the world to operate and conduct business online in the EU.</p>
<p dir="ltr" style="text-align: justify;"><strong>Real Estate:</strong> Blockchain can simplify property transactions such as sales, leasing, and financing by reducing paperwork and improving transparency.</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/the-evolution-of-blockchain-from-bitcoin-to-business-applications" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280829344.png" width="100%" height="100%" /><span class="incut--text">Learn more about the evolution of Blockchain from Bitcoin to business applications.</span></a></p>
<h2 dir="ltr">Myth 2: Blockchain Transactions Are Always Anonymous</h2>
<p dir="ltr">A frequent mistake people make about blockchain technology is that it is automatically anonymous to its users. However, the truth is more nuanced. Blockchain transactions are not strictly anonymous but pseudonymous.</p>
<p dir="ltr">Pseudonymity means that a user's identity is not directly tied to their blockchain transactions but rather to a digital pseudonym, typically a public key or a blockchain address. These addresses are like a sequence of letters and numbers, giving privacy but not total anonymity.</p>
<p dir="ltr">In contrast, anonymity would mean that the transactions are entirely disconnected from any identity, even a pseudonym, making them untraceable to the user. Blockchain does not usually provide this level of anonymity because the transaction history of each blockchain address is visible to anyone who accesses the blockchain.</p>
<p dir="ltr" style="line-height: 1.38; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;">Most blockchains are open ledgers, meaning that all transactions are visible to anyone who wishes to view them. This level of transparency ensures that while users' identities are not directly exposed, their transaction histories and patterns can be analyzed.<span style="font-size: 11pt; font-family: Roboto, sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span><span id="docs-internal-guid-c8674fbb-7fff-173a-3f3d-9882e492f23a" style="text-align: start;"></span></p>
<p dir="ltr" role="presentation"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280901953.png" /></p>
<p dir="ltr">While basic blockchain transactions offer pseudonymity, several enhancements and tools can increase privacy:</p>
<p dir="ltr"><strong>1. Mixing Services:</strong> Services like CoinJoin allow multiple users to combine their transactions into a single transaction with multiple inputs and outputs. This mixing blurs the traceability of any single coin, making it more difficult to link wallets with identities.</p>
<p dir="ltr"><strong>2. Privacy-Focused Cryptocurrencies:</strong> Some cryptocurrencies, like Monero and Zcash, are designed specifically to enhance privacy. Monero uses ring signatures and stealth addresses to hide the transactions&rsquo; origins, amounts, and destinations. Zcash allows users to shield transactions completely through its zk-SNARKs technology, which enables transactions to be verified without revealing the sender, receiver, or amount.</p>
<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-f6cb6e39-7fff-8fd8-9fd0-26fe5c883950"><strong>3. Use of Multiple Addresses:</strong> Users can increase their privacy by using multiple wallets or addresses, dispersing their transactions across several points, which makes it more challenging to link them to a single identity.</span></p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/blockchain-tech-trends-how-to-stay-ahead-of-the-curve" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280997458.png" width="100%" height="100%" /><span class="incut--text">Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.</span></a></p>
<h2 dir="ltr">Myth 3: Blockchains Are Unhackable</h2>
<p dir="ltr">The idea that blockchains are completely unhackable is a frequently held misconception that can cause a dangerous level of complacency in security measures. While blockchain technology does offer robust security features, it is not immune to vulnerabilities. Knowing the security features employed and the situations in which breaches happen is very important for anyone who wants to use blockchain for their business.</p>
<p dir="ltr">Blockchain technology secures data through several mechanisms:</p>
<p dir="ltr"><strong>Cryptography:</strong> Every transaction on a blockchain is secured using cryptographic algorithms, which ensure that data can neither be altered nor read without the appropriate cryptographic key.</p>
<p dir="ltr"><strong>Decentralization:</strong> By distributing copies of the ledger across a network, blockchain reduces the risk of a single point of failure that could compromise the entire system.</p>
<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-b11010c4-7fff-1a1a-ce63-614d99637ccb"><strong>Consensus Protocols:</strong> Blockchains use various consensus mechanisms, like Proof of Work (PoW) or Proof of Stake (PoS), to agree on the validity of transactions. These protocols prevent a malicious actor from changing even a single aspect of the blockchain.</span></p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281102044.png" width="100%" height="100%" /><span class="incut--text">Learn more about our blockchain software development services.</span></a></p>
<p dir="ltr">Despite these security measures, there are scenarios where blockchains can and have been compromised.</p>
<h3 dir="ltr">Scenarios Under Which Breaches Have Occurred</h3>
<p dir="ltr"><strong>51% Attacks:</strong> This type of attack happens when a single entity gains control of more than 50% of the network&rsquo;s mining hash rate or stake, allowing them to manipulate transactions and potentially double-spend coins.&nbsp;</p>
<p dir="ltr"><strong>Code Vulnerabilities:</strong> <a href="https://agilie.com/blog/secure-smart-contract-design-best-practices-in-solidity-programming" target="_blank" rel="noopener">Smart contracts</a>, which are self-executing contracts with the terms directly written into code, can contain vulnerabilities. One of the most famous incidents is the DAO attack on the Ethereum network. Hackers exploited a vulnerability in the DAO (Decentralized Autonomous Organization) smart contract code to siphon off one-third of the DAO&rsquo;s funds.</p>
<p dir="ltr"><span id="docs-internal-guid-7785ebac-7fff-06ee-6f06-69621bbdcfd6"><strong>Phishing and Social Engineering:</strong> End-user security is often the weakest link in a blockchain system. Phishing attacks can allow attackers access to blockchain assets, bypassing network security measures, to steal private keys or wallet credentials.</span></p>
<p dir="ltr" role="presentation"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281254703.png" /></p>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
<p dir="ltr">The blockchain technology is often seen as highly popular and muddled at the same time.&nbsp; Falsified myths are only part of the misconceptions that can mislead such a fantastic technology. Similarly, proper professional knowledge and strategy can help blockchain perform to its potential in various fields.&nbsp;</p>
<p dir="ltr">At <a href="https://agilie.com" target="_blank" rel="noopener">Agilie</a>, we understand that dealing with a complex environment is also a significant challenge. This is why we create powerful blockchain systems and wish to educate our clients regarding the breadth of blockchain-utilizing services. Therefore, such solutions can be tailored to your industry's concrete necessities and problems.</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281316627.png" width="100%" height="100%" /><span class="incut--text">Contact us to find out how our blockchain development services can help you achieve your goal.</span></a></p>

<p><span style="text-align: justify;">Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.</span></p>

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Blockchain Myths Debunked: Separating Fact from Fiction

<p dir="ltr" style="text-align: justify;">In the modern business context, technology has been placed on the task of being a driver of development. Many professionals have been hearing of what is referred to as Fintech, which basically means the combining of the financial sector with technology. The global fintech market has shot up to the trend, with market standings at nearly&nbsp;<a href="https://www.fortunebusinessinsights.com/fintech-market-108641" target="_blank" rel="noopener">$340.10 billion</a>&nbsp;and it is still on an ascending trend even more.</p>
<div id="form-description" class="form-description" style="text-align: justify;" data-title="Key Takeaways" data-text="Choosing the right software development partner is not just a decision-making best practice; it is crucial to the success of the project. The best partner for fintech software development will simplify even the most hard-core of financial issues into engaging tools for customers and sustainable business.">
<div class="form-description-title">Key Takeaways</div>
Choosing the right software development partner is not just a decision-making best practice; it is crucial to the success of the project. The best partner for fintech software development will simplify even the most hard-core of financial issues into engaging tools for customers and sustainable business.</div>
<p dir="ltr" style="text-align: justify;">Thus, let&rsquo;s outline the best performers of the fintech software development field of 2024 to find the most suitable ally for your specific objectives and guarantee that your fintech project has the most favorable environment in today&rsquo;s bitter contest.</p>
<p dir="ltr" style="text-align: justify;">Technology is moving to the right in the finance spectrum as new-generation solutions offer such advantages such as improved effectiveness, enhanced safety, and enhanced customer satisfaction.</p>
<p dir="ltr" style="text-align: justify;">In today&rsquo;s world, the financial sector in particular, being a highly competitive field, is filled with the use of technology-oriented concepts for better performance, improved security, as well as for providing improved customer experience to the customers.</p>
<h3 dir="ltr" style="text-align: justify;">Navigating the Digital Shift</h3>
<p dir="ltr" style="text-align: justify;">The present day process of transformation of the financial industry means the requirement of the construction of the processes on an effective technological platform and suitable software. Currently, the traditional financial needs to transform and embrace fintech, as it has become apparent that new clients have higher expectations from financial services compared to startups that are raring in the fintech space.</p>
<h3 dir="ltr" style="text-align: justify;">Enhancing Customer Experience</h3>
<p dir="ltr" style="text-align: justify;">Customers&rsquo; requirements present valued efficient, secure, and fast transactions which could be done through electronics devices. Fintech products and services provide a mean for these demands by incorporating modern technologies such as; Artificial intelligence (AI), Real-time payment platforms, and Blockchain when it comes to security in transactions.</p>
<h3 dir="ltr" style="text-align: justify;">Driving Operational Efficiency</h3>
<p dir="ltr" style="text-align: justify;">It also brings efficiency to corporate finances by applying Fintech software. Outsourcing routine operations instead of hiring employees, outsourcing work that involves analyzing volumes of information with the use of proper software, and automating every business process that was previously time-consuming and unproductive minimizes the time needed to accomplish tasks efficiently.</p>
<h3 dir="ltr" style="text-align: justify;">Ensuring Compliance and Security</h3>
<p dir="ltr" style="text-align: justify;">As the world continues to shift towards digital transactions and most firms dealing in online businesses, the need for security and compliance with the established regulatory laws cannot be overemphasized. Overarching professional software developers facilitate the implementation of a financial technology solution that meets all the international standards in the protection of consumers&rsquo; data and funds.</p>
<h2 dir="ltr" style="text-align: justify;">Top Fintech Software Development Companies</h2>
<h3 dir="ltr" style="text-align: justify;">#1. Agilie</h3>
<p dir="ltr" style="text-align: justify;">Agilie is now one of the leaders in full-cycle software development, with more than 200 successful projects in the portfolio and over 14 years of experience in the next domains:&nbsp;</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><a href="https://agilie.com/expertise/fintech" target="_blank" rel="noopener">Fintech</a></p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><a href="https://agilie.com/expertise/fintech/mobile-banking" target="_blank" rel="noopener">Mobile Banking</a></p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><a href="https://agilie.com/expertise/fintech/payment-solutions" target="_blank" rel="noopener">Payment Solutions</a></p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><a href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener">Blockchain Software</a></p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">At Agilie every project is supported by the extensive R&amp;D, security management, strict quality control, and advanced design concepts. The company provides a safety-oriented approach that involves the utilization of the&nbsp;<a href="https://agilie.com/expertise/fintech/mobile-banking" target="_blank" rel="noopener">Software Security Framework</a>&nbsp;throughout the development phase to guarantee that every client meets the requirements and offers complete protection.</p>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1720025525626.png" /></p>
<h3 dir="ltr" style="text-align: justify;">#2. The Software House</h3>
<p dir="ltr" style="text-align: justify;">Thus, more focused on its specialization, The Software House targets areas like web development, cloud engineering, as well as digital product design. It implements the following tech stack: Node. js, React, and AWS.</p>
<h3 dir="ltr" style="text-align: justify;">#3. NS Code</h3>
<p dir="ltr" style="text-align: justify;">Defining NS Code as a software development company that specializes in developing and implementing specific software solutions primarily by utilizing Node. JS, Reac,t as well as React Native technologies. They also offer others services like mobile and web applications, cloud services, product design, business and API backend, and staff solutions.</p>
<h3 dir="ltr" style="text-align: justify;">#4. Advapay</h3>
<p dir="ltr" style="text-align: justify;">Advapay's general progress in technology, specifically consulting for banking and the fintech industry, is impressive. They offer a banking solution for digital banking and knowledge of how to communicate with the financial market (consulting, licensing, and technical environment in which to set up) to enable companies to launch and manage fintech businesses.</p>
<h3 dir="ltr" style="text-align: justify;">#5. NEATsoft</h3>
<p dir="ltr" style="text-align: justify;">NEAT Soft Solutions is a custom software development company that deals in industries such as financial, commercial, healthcare, manufacturing companies, and others. Jermaine offers web &amp; mobile app development, WordPress website development, Website UI/UX design, IT consulting, and SEO marketing services.</p>
<h3 dir="ltr" style="text-align: justify;">#6. Innowise</h3>
<p dir="ltr" style="text-align: justify;">Innowise Group is an international software development company that operates primarily in Europe, with specifically Poland and Germany as its key markets for operation; advanced technologies include blockchain, AR and VR, and cloud computing across various fields industries.</p>
<h3 dir="ltr" style="text-align: justify;">#7. IceFyre Solutions</h3>
<p dir="ltr" style="text-align: justify;">Briefly, IceFyre Solutions is a consultancy that focuses on the digital world. Product development, application design, Front-end/UX design services, technology consulting, and AI solutions are the services offered by this company. Their methodology includes:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">A complete consultancy cycle.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">A general system for the education of staff with applicability for some form of client-oriented work.</p>
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">#8. Saritasa&nbsp;</h3>
<p dir="ltr" style="text-align: justify;">Saritasa is a functional software development company that is involved in the designing of software for various sectors of the market including Healthcare, Education, and Financial sectors, among others. They provide numerous services: tech strategy, design, development, software maintenance and support, cloud infrastructure, and scaling solutions.</p>
<h3 dir="ltr" style="text-align: justify;">#9. FutureCode&nbsp;</h3>
<p dir="ltr" style="text-align: justify;">FutureCode is an IT consulting firm introducing the next variety of technologies and services to business processes: IT Sales Consulting IT Recruitment Consulting, Outsourcing, Software development.</p>
<h3 dir="ltr" style="text-align: justify;">#10. Astrokyon</h3>
<p dir="ltr" style="text-align: justify;">Astrokyon is a technology company that focuses on IT services and solutions for software and hardware industries with expertise in business sectors and offers a broad range of services such as software creation, research, and advisement.</p>
<h3 dir="ltr" style="text-align: justify;">#11. Daffodil Software</h3>
<p dir="ltr" style="text-align: justify;">Custom software engineers from Daffodil Software provide services to healthcare, fintechs, transportation, travel, &amp; real estate, public sectors, and e-commerce businesses. It offers different services:&nbsp;</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Digital product engineering</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Technology consulting</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">AI solutions.</p>
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">#12. Techugo</h3>
<p dir="ltr" style="text-align: justify;">Techugo itself is a mobile applications development company that provides a wide range of services in different fields, which may include education, financial, health, food and beverage, travel and tourism, and social networking, among others. Android and iOS applications are considered to be in their core area of specialization and integrate concepts like blockchain, AI, VR/AR, and many others.</p>
<h3 dir="ltr" style="text-align: justify;">#13. Fluper</h3>
<p dir="ltr" style="text-align: justify;">Fluper is a Mobile App Development Company based in India that provides a full spectrum of Mobile App Development Services (iOS &amp; Android Development, Web Development and Cross Platform Solutions).</p>
<h3 dir="ltr" style="text-align: justify;">#14. OpenXcell</h3>
<p dir="ltr" style="text-align: justify;">OpenXcell services include enterprise software development, blockchain technology, AI and ML innovations, and UI/UX design in different industries: healthcare, finance and payments, transport and delivery, media and entertainment, sports betting and gaming, software and technology, entertainment, media, education, and so on.</p>
<h3 dir="ltr" style="text-align: justify;">#15. Brainvire</h3>
<p dir="ltr" style="text-align: justify;">Brainvire is an IT consulting and custom software development company providing services in numerous domains of specialization, including the retail and eCommerce sectors, education, healthcare, finance, etc.</p>
<h3 dir="ltr" style="text-align: justify;">#16. LTIMindtree</h3>
<p dir="ltr" style="text-align: justify;">LTIMindtree is a technology consulting and digital solutions company that provides the following services:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">cloud consulting,</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">data and insights,</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">digital engineering,</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">enterprise application solutions.</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">They target a broad market segment and some of the niche markets that they cater for are the banking and finance, health care, retail, energy and utility, insurance, media and entertainment.</p>
<h3 dir="ltr" style="text-align: justify;">#17. Deviniti</h3>
<p dir="ltr" style="text-align: justify;">Deviniti is a Poland-based enterprise that offers end-to-end services for the digital transformation process with focus on software development, consulting involving Information Technology, and product management across various industries.</p>
<h3 dir="ltr" style="text-align: justify;">#18. TatvaSoft</h3>
<p dir="ltr" style="text-align: justify;">TatvaSoft is an it service company which mainly undertakes web and mobile application development with an emphasis on several sectors including finance, education, health, retail and the likes.</p>
<h3 dir="ltr" style="text-align: justify;">#19. OptiSol Solutions</h3>
<p dir="ltr" style="text-align: justify;">OptiSol is a technology company with operating in USA &amp; India with a focus on Artificial Intelligence &amp; Machine Learning, Quality Engineering, enterprise services, Cloud &amp; SaaS, and mobile application development for industries such as healthcare, e-commerce, education and finance, etc.</p>
<h3 dir="ltr" style="text-align: justify;">#20. Appinventiv</h3>
<p dir="ltr" style="text-align: justify;">Appinventiv is a technology partner that focuses on tech startups, government bodies, and large organizations to deliver mobile applications demanding AI, Augmented Reality, Virtual Reality, the Internet of Things, and cloud capability across various domains.</p>
<h2 dir="ltr" style="text-align: justify;">How to Choose the Right Fintech Software Development Company</h2>
<p><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1720025497529.png" /></p>
<p dir="ltr" style="text-align: justify;">Getting the correct financial technology trading software development company for the project is important for the ultimate outcome. Factors of consideration include the following:</p>
<ol style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Skill and Experience</strong>: Find a fintech development company that has a good history with working on fintech products. Experience in the selected finance niche (neobank, crypto wallet, or insurance). It may also be especially advantageous experience with Web 3 projects is an important factor for the growth of any fintech company in the future so pay attention to that.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Tech Stack</strong>: Make sure the company incorporates tech stack according to the needs of the current project.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Compliance and Security</strong>: Hire a team of developers who are well-versed in financial regulation and security protocols.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Client Testimonials &amp; Case Studies</strong>: Check testimonials and work portfolio. It helps to understand whether the shortlisted company fits your requirement and standards.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Scalability &amp; Support</strong>: Make sure that the company can scale its solutions as your business scales and that it provides on-going support &amp; maintenance as your business processes evolve.</p>
</li>
</ol>
<p><a class="incut--wrap" href="https://agilie.com/blog/neobanking-trends-2024" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1720017333085.png" width="100%" height="100%" /><span class="incut--text">Discover the latest trends in neobanking for 2024.</span></a></p>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
<p dir="ltr" style="text-align: justify;">Namely, the proper selection of a Fintech software development company can play a big role in the conversion of abstract financial problems into good customer issues and the creative and efficient solutions to deal with them that consequently meet the high expectations of the clients and lead to higher sales in your business. When you think of the top fintech developers in 2024, the decision is extremely important to know who offers the best support in these particular very competitive and changing conditions.&nbsp;</p>

<p>Discover the top fintech software development companies of 2024 and how to select the right partner and drive business growth.</p>

Discover the top fintech software development companies of 2024 and how to select the right partner and drive business growth.