<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 style="text-align: justify;">Learn about the processes and steps of fintech mobile app development. Get insights into the key features and costs of a fintech application with a user-centered design.&nbsp;</span></p>

Learn about the processes and steps of fintech mobile app development. Get insights into the key features and costs of a fintech application with a user-centered design.

Full Guide to Fintech App Development | 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>The Dedicated Team Model is a model of cooperation with a digital service provider in which the client is provided with software development specialists on a long-term basis. A team of specialists is selected in accordance with the requirements of the project, based on their experience and skills.</p>

The Dedicated Team Model is a model of cooperation with a digital service provider in which the client is provided with software development specialists on a long-term basis. A team of specialists is selected in accordance with the requirements of the project, based on their experience and skills.

Dedicated Team Model: What It Is, Pros & Cons for Your Project | Agilie

<p dir="ltr">The project management life cycle is the complete process of initiating, planning, executing, controlling, and closing a project. Knowing these key project lifecycle stages can help organize it and focus on your projects. Each phase of the project management life cycle has specific goals, allowing you to track each step in detail throughout the cycle. In this blog post, we will look at what the project life cycle is, explore the five phases of the project management life cycle, and why the Discovery phase is helpful for production.</p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Understanding the project management life cycle is critical to the success of any project. The five phases - initiation, planning, execution, monitoring and controlling, and closure - provide a structured approach that ensures projects are completed on time, within budget, and to the satisfaction of stakeholders.
During the initiation phase, it's crucial to identify the project's purpose, scope, and stakeholders, and obtain buy-in from all involved parties. The planning phase involves detailed planning and setting of project objectives, resources, timelines, and deliverables.
The execution phase requires effective communication, collaboration, and project management skills to ensure the project runs smoothly, and the desired outcomes are achieved. During the monitoring and controlling phase, the project team monitors and adjusts the project's progress and makes necessary changes to keep it on track. Finally, in the closure phase, the project is reviewed, and the outcomes are documented.
By understanding these five phases and applying them to project management, organizations can increase the likelihood of project success and mitigate risks. Effective project management not only ensures the completion of a project but also improves team morale, stakeholder satisfaction, and overall business success.">
<div class="form-description-title">Key Takeaways</div>
Understanding the project management life cycle is critical to the success of any project. The five phases - initiation, planning, execution, monitoring and controlling, and closure - provide a structured approach that ensures projects are completed on time, within budget, and to the satisfaction of stakeholders. <br /><br />During the initiation phase, it's crucial to identify the project's purpose, scope, and stakeholders, and obtain buy-in from all involved parties. The planning phase involves detailed planning and setting of project objectives, resources, timelines, and deliverables. <br /><br />The execution phase requires effective communication, collaboration, and project management skills to ensure the project runs smoothly, and the desired outcomes are achieved. During the monitoring and controlling phase, the project team monitors and adjusts the project's progress and makes necessary changes to keep it on track. Finally, in the closure phase, the project is reviewed, and the outcomes are documented. <br /><br />By understanding these five phases and applying them to project management, organizations can increase the likelihood of project success and mitigate risks. Effective project management not only ensures the completion of a project but also improves team morale, stakeholder satisfaction, and overall business success.</div>
<h2 dir="ltr">Project management phases: Brief Overview</h2>
<p dir="ltr">Project production is a set of activities that must be performed in a particular order within a given period. A project requires a system of processes and talented people to get the job done. All in all, it's not an easy feat!</p>
<p dir="ltr">Any project requires a comprehensive study of its life cycle. Knowing how each phase functions provides valuable insight into how to approach it.</p>
<p dir="ltr">The standard project management life cycle consists of five phases:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Concept &amp; Initiation</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Planning</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Launch or Execution</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Performance &amp; Control</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Close&nbsp;</p>
</li>
</ul>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676406834071.png" width="2000" height="2700" /></p>
<p dir="ltr">Usually, when a new project is started, these five phases follow each other in order, but this is not always the case. For example, if there are any changes during the course of the project, you can return to the planning phase to accommodate the changes, but do not repeat the entire cycle again from the initiation phase.</p>
<p dir="ltr">This level of flexibility simplifies change management processes throughout the project life cycle.</p>
<p dir="ltr">What is the importance of the project management life cycle? This sequence of phases may seem like a formality to you, but it actually helps a lot with the implementation of a project plan. It allows you to apply an organized approach to project management. This means that you will have more obvious roles and responsibilities, improved communication, and stable results (and there will be many fewer omissions and forgotten tasks!).</p>
<h2 dir="ltr">What are the different phases of a project?</h2>
<p dir="ltr">The life cycle of each project includes several stages. Although there are different models of project life cycles, almost all of them include the following five phases:</p>
<h3 dir="ltr">Phase 1: Project Concept &amp; Initiation</h3>
<p dir="ltr">The first stage of the life cycle, initiation, requires a kickoff meeting that loops around the client and investor. Goals, objectives, doubts, fears, and any initial thoughts and ideas are discussed here. When decision-makers are not in the same place, you can look forward to organizing an online meeting for video chat or conference call to discuss the following topics for discussion:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Who are the investors and stakeholders?</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">What is the vision and mission of the business?</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">What are the expected timelines?</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">What are the risks?</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">What budget and resources are available?</p>
</li>
</ul>
<p dir="ltr">This phase includes the description of the project, the creation of a business case, the identification of key stakeholders, and the approval of the project by the relevant parties.</p>
<p dir="ltr">Start by drafting a project charter that outlines your initial ideas as well as the project scope and constraints.</p>
<p dir="ltr">When you get busy with tasks and deadlines, it will be very easy to forget the importance of the project. In fact, only 55% of the participants clearly understand the business goals of the project, mainly team leaders and project managers.</p>
<p dir="ltr">The project charter must include specific business benefits associated with your project. This will help you and your team members not only focus on achieving goals, but also ensure that time is not wasted in advance.</p>
<p dir="ltr">Drafting a project charter will help you provide leaders with specific facts and get their approval.</p>
<h3 dir="ltr">Phase 2: Project Planning</h3>
<p dir="ltr">During the planning phase of the project, the project manager establishes the purpose and scope of the project. In addition, project managers use this stage to determine the project budget, determine the required resources, and begin to organize a team to complete the tasks associated with the project. A feasibility analysis is testing the viability of an idea, for example, to ensure the project is legally and technically feasible as well as for economic profit.&nbsp;</p>
<p dir="ltr">Depending on the nature of the project, the project manager may create a report detailing the plan.</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676406870064.png" width="2000" height="1000" /></p>
<p dir="ltr">The planning phase requires careful consideration of the many elements associated with your project. Among other things, these may include the following information:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Key roles and responsibilities</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Success rates</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Possible risks and obstacles that reduce efficiency</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Expectations for intra-team communication</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Project Schedule</p>
</li>
</ul>
<p dir="ltr">All of these elements should be described in a detailed project plan that you will present to the team at the kick-off meeting and then refer to throughout the project.</p>
<h3 dir="ltr">Phase 3: Project Launch or Execution</h3>
<p dir="ltr">Team leaders and project managers are involved in creating results, facilitating clients, completing tasks, implementing processes, and more. Direct communication at all stages of a project is essential and vital to the successful implementation of an idea.</p>
<p dir="ltr">Important at the execution stage:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Frequent meetings</p>
</li>
</ul>
<p dir="ltr">Keeping teams up to date with scheduled online meetings helps keep the project on track and on schedule. Timely and crystal-clear communication via video conferencing reduces blind spots, improves collaboration, and speeds up the movement of items in the pipeline.</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Conflict Management</p>
</li>
</ul>
<p dir="ltr">Problems are inevitable. Reduce the likelihood of incidents by inviting the development team to speak up and voice issues or anything that could potentially become a weak point in the chain.</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Progress reports</p>
</li>
</ul>
<p dir="ltr">Regular updates shared during a meeting session, or video chat help you stay ahead of the curve and catch issues before they happen.</p>
<h3 dir="ltr">Phase 4: Project Performance &amp; Control</h3>
<p dir="ltr">This phase requires a review to make sure everything is in line with what was previously agreed upon. What are the key performance indicators? What needs to be implemented in order to meet the deadlines and financial parameters?</p>
<p dir="ltr">Hold online meetings with key players for regular audits, reviews, and performance reports. You can give presentations remotely via video conferencing, including workflows, important documents and files, and anything else that needs to be shared.</p>
<p dir="ltr">During the monitoring and control phase of the project, the project manager oversees the execution of the project. They provide feedback to team members, make sure all project elements are on schedule, and remove roadblocks. By monitoring the progress of the project, managers can ensure that the scope does not increase and the project stays within acceptable time limits.</p>
<h3 dir="ltr">Phase 5: Project Close</h3>
<p dir="ltr">After completion of all work required at the implementation stage, the project moves to the final stage. Closeout starts when the user accepts the project deliverables and the project authority concludes that the project has met the goal. During the project closure phase, the project manager communicates the completion of the project to project stakeholders. By this stage, the stakeholders have all the results. Many project managers evaluate the success of a project at this stage in order to improve the lifecycle management process for future projects. Commissioning builds trust with stakeholders and has to be integrated into all stages of the project with a project management approach to ensure that each step of testing is successful.</p>
<p dir="ltr">Decommissioning means the termination phase of a project that is carried out in an orderly manner. It requires fulfilling standards to preserve important data, information, and documentation. If required, the data retained can be easily retrieved and utilized in the future.</p>
<h2 dir="ltr">How the Discovery Phase contributes to efficient project management</h2>
<p dir="ltr">The discovery phase <a href="https://agilie.com/blog/project-discovery-phase" target="_blank" rel="noopener">helps to assess</a> whether the company will be able to complete the client's project and how much it will cost. During the discovery phase, business problems are identified, the domain is explored, requirements are identified, and solution design is done.</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676406904264.png" width="2000" height="1200" /></p>
<h3 dir="ltr">Project schedule</h3>
<p dir="ltr">Inception is carried out as a preparatory phase before starting work on the current project. The main goal is to detail the requirements, especially for the first iterations, so that the team does not have delays at the start. As a result of this research, you and your team should create a detailed backlog for the first few sprints of the project, at least basically decide on the architecture and approve the project schedule.</p>
<h3 dir="ltr">Project team composition</h3>
<p dir="ltr">Project team composition includes those who can help to lead the discovery work and who can make it feasible (developer), usable (UX-person who meets the users), and sellable (PO who knows the business).</p>
<h3 dir="ltr">Project milestones</h3>
<p dir="ltr">Discovery is a phased work. We go from global business goals and objectives to specific user actions in the system. After each stage, it provides a separate artifact with fixed requirements. Artifacts are conditionally divided into mandatory and optional, and the final set depends on the goals of the customer.</p>
<h3 dir="ltr">Project budget</h3>
<p dir="ltr">The discovery phase allows you to determine the project timeline and budget, specify the requirements for the final product, identify the needs of the end user and get feedback from them about the product.</p>
<h3 dir="ltr">Project risks and challenges</h3>
<p dir="ltr">In order to estimate the cost of the project and make a commercial offer to the client, it is necessary to conduct a Discovery phase or a complete analysis of all operations of the project implementation, risks, and challenges - from the emergence of an idea and business concept to the technical implementation of the expected product. This approach allows you to protect the client from unplanned costs and facilitate and clearly define the working conditions of the team that will develop the product.</p>
<h2 dir="ltr">FAQs</h2>
<h3 dir="ltr">What are the objectives of each phase?</h3>
<p dir="ltr">In the process of implementing a conceptual idea regarding the production process or other activities at the enterprise, several successive moments can be distinguished. So, it is customary to distinguish the following stages of the project life cycle:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Initiation - the idea is put forward, as well as the preparation of project documents. A detailed justification is being made, as well as marketing research, which will serve as an aid to the implementation of the subsequent stages.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Planning - determining the timing of the implementation of the plan, dividing these processes into specific stages, as well as appointing performers and responsible persons.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Execution - begins immediately after the plans have been approved. It implies the implementation in full of all planned actions.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Controlling or monitoring - In this phase of the life cycle, the manager controls resources, quality of work and timely completion of tasks, coordinates team members, and promptly makes changes to the project plan in case of unforeseen circumstances.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Completion - analysis of the received data and control for their compliance with the planned ones. In most cases, this responsibility rests with management.</p>
</li>
</ul>
<h3 dir="ltr">What is the scope of each phase?</h3>
<p dir="ltr">The costs of the project are directly dependent on its scope. Large projects require full-time workers, while relatively small projects with the same life cycle may only require part-time workers. Therefore, one person can be responsible for many projects in different life cycle phases. The management of the enterprise is responsible for periodic review of the most important stages of the project, which should occur at least at the end of each phase of the life cycle or after critical technological stages of the project.</p>
<h3 dir="ltr">What are the deliverables of each phase?</h3>
<p dir="ltr">The project deliverables include defining the product or services that are needed. The planning phase helps to set the budget and deliver project deliverables without exceeding it.&nbsp; In the Project Execution phase, the team will start creating project deliverables and achieve project goals and objectives as outlined in the project plan. In the Project Closure phase, the product is delivered to clients, the project manager will highlight strengths, list the takeaways of the project, and identify the unclearness.</p>
<h3 dir="ltr">What is the timeline for each phase?</h3>
<p dir="ltr">Regardless of which methodology is chosen for project management, each of them will always have a beginning, a middle, and an end. This is the life cycle of a project.</p>
<p dir="ltr">Project management can seem overwhelming at times. However, dividing a project into five distinct phases, called the project life cycle, will help the team manage time and resources wisely, which increases the chances of success for projects of any size or complexity.</p>

<p>The project management life cycle is the complete process of initiating, planning, executing,&nbsp;controlling, and&nbsp;closing&nbsp;a project. Knowing these key project lifecycle stages can help organize it and focus on your projects.&nbsp;</p>

The project management life cycle is the complete process of initiating, planning, executing, controlling, and closing a project. Knowing these key project lifecycle stages can help organize it and focus on your projects.

Phases of Project Management Life Cycle | Agilie

<p><span id="docs-internal-guid-80c61be6-7fff-5e69-7424-6932e7a55521">SDLC is a process that consists of a detailed plan that describes all the details regarding the development, maintenance, and replacement/change of specific software. It is a methodology used to improve the quality of software as well as improve the overall development process.</span></p>

SDLC, or Software Development Life Cycle, are the steps to create software applications. The development process is divided into tasks that then are assigned, completed, and measured.

What is SDLC? Phases of Software Development & Models

<p dir="ltr" style="text-align: justify;"><span style="color: #0d0d0d; font-family: S&ouml;hne, ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Ubuntu, Cantarell, 'Noto Sans', sans-serif, 'Helvetica Neue', Arial, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; font-size: 16px; text-align: start; white-space-collapse: preserve; background-color: #ffffff;">Explore our article to discover how to create a successful financial app and maximize your profit effectively.</span></p>

Do you want to earn with your own personal finance app? Read our article to find out how

How to Build a Personal Finance App | Agilie

<p dir="ltr" style="text-align: justify;">User Experience (UX) is a buzzword related to web design. It is about convenience while using a website or application. So, don&rsquo;t underestimate it!</p>
<p dir="ltr" style="text-align: justify;">Another common buzzword is Artificial Intelligence (AI). We decided to combine these two concepts to discover the main benefits of AI in UX design: how does AI help develop a top-notch product with excellent UX?</p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="AI is vital in data analysis, advising decisions, personalizing users, enhancing HCI, and constructing elements employing data.

Adding AI into UX increases usability, finds true user needs, provides a user with simple and useful navigation, personalizes the user&rsquo;s experience, empowers the machine learning function, and quickly strengthens the chatbot service that helps users without human support staff.">
<div class="form-description-title">Key Takeaways</div>
- AI is vital in data analysis, advising decisions, personalizing users, enhancing HCI, and constructing elements employing data. <br />- Adding AI into UX increases usability, finds true user needs, provides a user with simple and useful navigation, personalizes the user&rsquo;s experience, empowers the machine learning function, and quickly strengthens the chatbot service that helps users without human support staff.</div>
<h2 dir="ltr" style="text-align: justify;">Why Pay Attention to the User Experience?</h2>
<p dir="ltr" style="text-align: justify;">User experience is about feelings that arise when interacting with a specific system. This concept includes usability, accessibility, interactivity, and, of course, aesthetic design. Customer experience is essential because it tends to fulfill the user&rsquo;s needs with a thoughtful UI. Thus, the arrangement of different elements in design largely defines the UX.</p>
<p dir="ltr" style="text-align: justify;">The main benefits of a good user experience are:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Reducing the need for additional support and training;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Creating an efficient work environment;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Increasing loyalty;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Contributing sales;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Increasing the interaction time with your web resource;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Focusing clients on specific content.&nbsp;&nbsp;</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">If customers find the design complicated or incomprehensive, a redesign is necessary. But what can you improve to satisfy your audience? Keep reading to find out how AI for UX can be helpful In this case.</p>
<h2 dir="ltr" style="text-align: justify;">What Are Artificial Intelligence Technologies?</h2>
<p dir="ltr" style="text-align: justify;">AI is a technology designed to simulate human intelligence. Computer systems can make difficult decisions and analyze big amounts of data. In addition, they can self-study to improve their calculations.</p>
<p dir="ltr" style="text-align: justify;">Thus, AI is about thinking and acting humanly and rationally.&nbsp;</p>
<p dir="ltr"><a class="incut--wrap" href="https://agilie.com/blog/ml-ai-and-fintech-how-maching-learning-and-artificial-intelligence-help-you-benefit" target="_blank" rel="noopener" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1711099171512.png" width="100%" height="100%" /> <span class="incut--text">Learn more about AI and ML in our article.</span> </a></p>
<h2 dir="ltr" style="text-align: justify;">What AI Means For UX</h2>
<p dir="ltr" style="text-align: justify;">AI has been created to help people cope with hard and time-consuming tasks. UI/UX designers, accountants, scientists, and specialists find the technology useful.</p>
<h3 dir="ltr" style="text-align: justify;">Data Analysis</h3>
<p dir="ltr" style="text-align: justify;">Suppose you have researched what your clients wish to see on your website. How do you process hundreds or thousands of questionnaires? AI will help designers determine the main and secondary things.</p>
<p dir="ltr" style="text-align: justify;">The volume of data is limited only by the machine's performance. The more information is processed, the better UX will be created. Specialists can rely on their experience while determining users' needs. However, researching with AI is a more appropriate option because, in this case, you&rsquo;ll get accurate and relevant data. It&rsquo;s the only way to develop convenient navigation, structure, HCI (human-computer interaction), usability, etc.&nbsp;</p>
<h3 dir="ltr" style="text-align: justify;">Making right decisions</h3>
<p dir="ltr" style="text-align: justify;">Collecting and processing information is followed by a difficult stage: deciding which features to implement and which to abandon. Here, the human factor often interferes, and some things may not be considered. A smart computer studies different scenarios and chooses the most optimal ones. It guarantees the best user experience and reduces the time needed to test solutions.</p>
<h3 dir="ltr" style="text-align: justify;">Personalized UX</h3>
<p dir="ltr" style="text-align: justify;">Sometimes, Artificial Intelligence and User Experience are closely related. For example, AI learns an individual user's behavior and changes some content according to his preferences and expectations. It can be videos, text, pictures, and so on.</p>
<h3 dir="ltr" style="text-align: justify;">AI as a part of IoT to enhance UX</h3>
<p dir="ltr" style="text-align: justify;">When AI takes the form of IoT, countless possibilities are open for users. They can receive the necessary information from their gadgets in one place which impacts the user experience. It&rsquo;s one of the benefits of artificial intelligence.</p>
<h3 dir="ltr" style="text-align: justify;">Designing</h3>
<p dir="ltr" style="text-align: justify;">Have you heard about AI and UX design? Designing is a creative process, but there are some template things. AI can generate flow diagrams and similar elements based on the pre-fed patterns and data.</p>
<p dir="ltr" style="text-align: justify;">In addition, a designer can use AI to improve UX when working on a data-heavy application. In this case, AI becomes a very effective tool. Creating the most complex dashboard with certain wireframes, flowcharts, and guidelines takes seconds.</p>
<h3 dir="ltr" style="text-align: justify;">Predicting user needs</h3>
<p dir="ltr" style="text-align: justify;">Each market changes sooner or later. AI for UX is crucial because it allows for regularly analyzing customer needs and adapting your product to them on time. Manual processing is impossible and inappropriate.</p>
<p dir="ltr"><a class="incut--wrap" href="https://agilie.com/expertise" target="_blank" rel="noopener" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1711099171534.png" width="100%" height="100%" /> <span class="incut--text">Discover Agilie&rsquo;s expertise and how we can help your business to skyrocket.</span> </a></p>
<h2 dir="ltr" style="text-align: justify;">Future Of AI In UX Design</h2>
<p dir="ltr" style="text-align: justify;">When most businesses start operating online in the modern world, user experience has become extremely important, affecting sales and, as a result, income. Without a good UX, it&rsquo;s impossible to stay competitive.</p>
<p dir="ltr" style="text-align: justify;">Today, systems generate a lot of general information about users and businesses, so specialists need appropriate tools to analyze the data. The tool, namely, Artificial Intelligence was invented in the 1950s. However, it has only recently become mainstream because of advancements in technology.</p>
<p dir="ltr" style="text-align: justify;">According to some statistics, 20% of marketers admitted that AI had the greatest positive impact on them over the past year compared to other technologies.</p>
<p dir="ltr" style="text-align: justify;">Artificial Intelligence and user experience are going to be intertwined even more. AI can be applied at every stage of product development: from conceptualizing an idea to the final tweaks that make a product feel just right.</p>
<p dir="ltr" style="text-align: justify;">There are a few ways in which AI will impact UX design.</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Improving usability. AI will help find out the true client requirements. However, a good UX is about considering the interests of both users and business parties.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Standing out with intuitive and efficient solutions. Make sure that users navigate and perform the necessary actions easily.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Developing personalized interactions. This trend will continue and develop thanks to machine learning as a part of AI.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Spreading chatbots. Smart robots can provide users with fast answers to popular questions. In this case, there is no need to involve employees from the support team. In addition, with the help of chatbots, customers can solve some of their tasks (booking flights or apartments, for example). Such solutions improve the UX a lot.</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Shortly, AI will play a role in creating complex user interfaces. It&rsquo;ll help designers create up-to-date digital products that meet most users&rsquo; requirements.</p>
<p dir="ltr"><a class="incut--wrap" href="https://agilie.com/success-stories" target="_blank" rel="noopener" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1711099206193.png" width="100%" height="100%" /> <span class="incut--text">Learn more about our cases. </span> </a></p>
<h2 dir="ltr" style="text-align: justify;">Summary</h2>
<p dir="ltr" style="text-align: justify;">The future of Artificial Intelligence is promising. The capabilities of AI haven&rsquo;t reached their maximum, so UX designers and other specialists will get more useful features to expedite their work and make it more accurate. As a result, they will move away from template solutions and start tailoring the user experience for each customer or user.</p>
<p dir="ltr" style="text-align: justify;">The impact of Artificial Intelligence is obvious. Our team would like to make your business more efficient by improving the UX of your product with the help of modern technologies. Our company includes highly experienced designers and developers: they&rsquo;ll find weaknesses in your website or app and fix them to increase your sales quickly.</p>
<p><a class="incut--wrap" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1711099237494.png" width="100%" height="100%" /> <span class="incut--text">Contact us, and let&rsquo;s shape the future together.</span> </a></p>

<p><span style="color: #0d0d0d; font-family: S&ouml;hne, ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Ubuntu, Cantarell, 'Noto Sans', sans-serif, 'Helvetica Neue', Arial, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; font-size: 16px; white-space-collapse: preserve; background-color: #ffffff;">Discover how AI is being creatively applied in cutting-edge modern UX design practices.</span></p>

Discover how AI is being creatively applied in cutting-edge modern UX design practices.

What is AI and How Does It Affect the User Experience?

<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>Learn about the developmental steps required to build your own neobank app from scratch. Discover neobank basic features and common challenges.</p>

Learn about the developmental steps required to build your own neobank app from scratch. Discover neobank basic features and common challenges.

How to Start a Neobank: Main Steps & ​​Development Cost | Agilie

<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, which can help to <a title="build a fintech app" href="https://agilie.com/blog/how-to-build-a-fintech-app" target="_blank" rel="noopener">build a fintech app</a>.&nbsp;</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;Software Security Framework&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.

Top Fintech Software Development Companies 2024

<p dir="ltr">The contemporary world keeps evolving, requiring businesses to adapt to new technological operations, client needs, and tech-related challenges. Fintech companies focus mainly on digital payment activities rather than on ones at the physical location. The transition to a technology-driven environment helps Fintechs strive in the financial ecosystem due to the secure, cost-effective, and user-friendly services.&nbsp;</p>
<p dir="ltr">Choosing the right development partner is the backbone of the further Fintech app success as it aims to resolve the concerns about tech effectiveness, its alignment with security protocols, and UX/UI design.&nbsp;</p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="The effective Fintech development company has to promote app&rsquo;s easy usability, maximized security, and continuous safety updates. 
A credible Fintech partner will ensure the app complies with the PCI-DSS security standards. 
The Fintech-specialized company has to ensure the latest authentication methods (face ID, 2FA, KYC). ">
<div class="form-description-title">Key Takeaways</div>
<ul style="list-style-type: square;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">The effective Fintech development company has to promote app&rsquo;s easy usability, maximized security, and continuous safety updates.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">A credible Fintech partner will ensure the app complies with the PCI-DSS security standards.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">The Fintech-specialized company has to ensure the latest authentication methods (face ID, 2FA, KYC).&nbsp;</p>
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">6 Steps to Choose the Right Fintech Development Company</h2>
<p dir="ltr">Choosing the right Fintech development company might be quite challenging concerning the expectations vs. reality dilemma. When searching and/or selecting between the candidates, keep in mind the following aspects:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Company&rsquo;s years of experience</strong>&nbsp;(gives credibility to the candidate&rsquo;s solid background in the industry).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Expertise in fintech</strong>&nbsp;(versatility of expertise domains ensures cross-functional app development.&nbsp;<strong>Eg.</strong>&nbsp;integrating from-scratch developed cryptocurrency in the neobank).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Industries the company works with</strong>&nbsp;(multidimensional tech experience provides a Fintech company with more public recognition, proving the effectiveness of its apps for different professional environments).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Organization&rsquo;s project portfolio base</strong>&nbsp;(the portfolio recaps the client&rsquo;s goals, solutions, and strategies for overcoming challenges).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Clients&rsquo; reviews</strong>&nbsp;(give credibility to Fintech company&rsquo;s expertise).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Adherence to technological trends</strong>&nbsp;(represents the company&rsquo;s agility within the tech industry).</p>
</li>
</ul>
<p dir="ltr"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187620977.png" /></p>
<h2 dir="ltr">Agilie&rsquo;s Expertise in Fintech Development</h2>
<p dir="ltr">With 14+ years of experience Agilie helps entrepreneurs and business owners from the USA and Europe to craft customer-centric solutions, aiming to maximize the technical effectiveness of digital services.&nbsp;</p>
<p dir="ltr">With a dedication to evolving technological advancements,&nbsp;<a title="Agilie" href="https://agilie.com/company" target="_blank" rel="noopener">Agilie</a>&nbsp;manages to pioneer in industries like e-commerce, finances, marketplace, logistics, real estate, IoT, and healthcare.&nbsp;</p>
<p dir="ltr">Agilie keeps crafting versatile and multidimensional solutions for different areas of the digitized Fintech operations including:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Software development</strong>&nbsp;(mobile banking app, payment solutions, blockchain solutions, digital wallets).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Cryptocurrency development</strong>&nbsp;(creation of cryptocurrencies from scratch).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>UI/UX design</strong>&nbsp;(responsive for various platforms and screens design accessible to all users including those with disabilities).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Smart Contract development</strong>&nbsp;(building secure and easy-to-use Smart Contracts to protect cryptocurrency wallets).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>P2P payments</strong>&nbsp;(multiply payment methods for fiat money &amp; cryptocurrency, secured transfers).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Card issuer integration solutions</strong>&nbsp;(card service customization applied to neobanks and mobile banks).&nbsp;</p>
</li>
</ul>
<p><strong><a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/expertise/technology" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723190054344.png" width="100%" height="100%" /><span class="incut--text">Learn more about Fintech domains we excel.</span></a></strong></p>
<h2>Recognition and Success&nbsp;</h2>
<p dir="ltr">The company successfully integrates its customer-centric solutions to multiple Fintech organizations like Chameleon Pay, Level01, Wallex, etc.</p>
<p dir="ltr"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187661173.png" /></p>
<p dir="ltr"><strong><a title="Chameleon Pay" href="https://agilie.com/success-stories/chameleon-pay" target="_blank" rel="noopener">Chameleon Pay</a></strong></p>
<p dir="ltr">Agilie developed the Chameleon Pay app from scratch. Focusing on the client&rsquo;s intention to make the application that would enable users to make money with multiple cryptocurrencies (bitcoin, etc.), we universified the blockchain network within a multi-currency wallet app.&nbsp;</p>
<p dir="ltr">Our team of experts integrated versatile cryptocurrencies from multiple blockchains. We communicated with the development team of the specific blockchains, which gave us the opportunity to integrate cryptocurrencies not maintained in the wallets of other organizations</p>
<p dir="ltr">With the help of the NativeScript framework, Agilie accelerated the simultaneous development of two platforms, which enabled writing new functions, if needed, by applying the platform&rsquo;s native code.&nbsp;</p>
<p dir="ltr"><strong><a title="Level01" href="https://agilie.com/success-stories/level01" target="_blank" rel="noopener">Level01</a></strong></p>
<p dir="ltr">We assisted the Level01 peer-to-peer decentralized finance platform by developing a P2P Android app. The additional solutions presented discovery phase optimization like competitor analysis, product architecture, and prototype. Agilie optimized the app's smart contract functionality by keeping AI data prediction inside it with a purpose of future analysis and model improvement.&nbsp;</p>
<p dir="ltr"><strong>Wallex</strong></p>
<p dir="ltr">Agilie&rsquo;s key task for Wallex was to develop a versatile functional app that would support fiat money and cryptocurrency for payment procedures, money transfers, and currency exchange. Wallex managed to maintain PCI DSS Level 1 compliance due to Agilie&rsquo;s high security measures. The company proved its reliability in securing the clients&rsquo; financial information.</p>
<h2 dir="ltr"><strong>Agile&rsquo;s success in Wallex</strong><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187758734.png" />Robust Security Protocols</h2>
<p dir="ltr" align="left">When selecting a Fintech company to develop a safe and efficient app, the first moment you have to pay attention to is the candidate&rsquo;s adherence to the Software Security Framework (SSF). SSF covers the Secure Software Standard (SSS) and Secure Software Lifecycle (Secure SLC) Standard, which aim to defend the application against cyberattacks and guarantee data security and payment transactions.&nbsp;</p>
<h3 dir="ltr">PA-DSS and PCI-DSS Replacement&nbsp;</h3>
<p dir="ltr"><strong>PA-DSS&nbsp;</strong>(Payment Application Data Security Standard) focuses only on the cardholder data domain, where it complies with its payment applications under the PCI-DSS requirements.&nbsp;</p>
<p dir="ltr"><strong>PCI-DSS</strong>&nbsp;(Payment Card Industry Data Security Standard) represents the security standards developed to ensure that organizations that process customer credit card information manage to secure and protect it in a proper manner.&nbsp;</p>
<p dir="ltr"><strong>PCI-SSF</strong>&nbsp;(Payment Card Industry Secure Software Standard) outperforms PA-DSS due to its broad environment coverage (payment software and software vendors), as it does not require PCI-DSS compliance with the software domain to secure the payment procedure.</p>
<div dir="ltr" align="left"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187801367.png" /></div>
<h2 dir="ltr">Passing compliance audits</h2>
<p dir="ltr">The second aspect you have to keep in mind when selecting a Fintech company is analyzing the app&rsquo;s ability to pass the compliance audit. Here are the following steps of PCI DSS compliance requirements:</p>
<ol>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Ensuring the development/maintenance of the secure network and systems</strong></p>
</li>
</ol>
<p dir="ltr">Firewall configuration is a suitable case of network segmentation to guarantee the smooth protection of the cardholder&rsquo;s data.&nbsp;</p>
<ol start="2">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Protecting cardholder&rsquo;s data confidentiality</strong></p>
</li>
</ol>
<p dir="ltr">This standard requires your organization to adhere to solidity-built tokenization and encryption measures. Limit the time for data storage. Quarterly data purging is a must. This standard requires recording and protecting cryptography keys and encryption.</p>
<ol start="3">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Setting the vulnerability management program</strong></p>
</li>
</ol>
<p dir="ltr">Avoid using the factory-set defaults for system usernames and passwords and prohibit clients from using this configuration. This measure is necessary to eliminate cybercriminals&rsquo; activities of circumventing common default passwords.&nbsp;</p>
<ol start="4">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Crafting strong access control measures</strong></p>
</li>
</ol>
<p dir="ltr">The organization has to utilize the means of encryption to guarantee the client&rsquo;s data are unreadable during input and in case of cyberattack.&nbsp;</p>
<h2 dir="ltr">Custom Solutions Tailored to Client Needs</h2>
<p dir="ltr">Crafting a truly recognizable app requires precision in details from the very beginning of the development process. When choosing a company for a Fintech app development, you should keep in mind:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">The company&rsquo;s values;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Candidate&rsquo;s success stories.</p>
</li>
</ul>
<p dir="ltr">In Agilie, our&nbsp;<a title="fundamentals" href="https://agilie.com/company" target="_blank" rel="noopener">fundamentals</a>&nbsp;include value for clients, transparency, and effectiveness. Active dialogue is a must to reach the best outcomes in collaboration in the long run. We respect our clients&rsquo; needs, cultural backgrounds, and ideas to maximize the transition of the entrepreneur&rsquo;s and business owner&rsquo;s organizational spirit into the product by offering the following versatile services.&nbsp;</p>
<h3 dir="ltr">Translation of the formal/legal part into a tech checklist</h3>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">The involved parties have to sign the &lsquo;Intellectual Property Assignment&rsquo; or &lsquo;Work for Hire&rsquo; documents where the personnel sign the NDA confidentiality agreement.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">When reaching a consensus on cooperation, the business-to-business contracts serve as a legal obligation for the workers not to disclose the product&rsquo;s confidential data.</p>
</li>
</ul>
<h3 dir="ltr">Card Issuer Integration</h3>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Integrating card issue services</strong>&nbsp;(smart value-added service through a decreased manual intervention.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Inclusivity of versatile regions &amp; customization</strong>&nbsp;(Fast volume scale considering the geography; high card availability)</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Analysis &amp; Report on the applied solutions</strong>&nbsp;(reports on the effectiveness, outcomes, areas of improvement of the solutions, compliance with PCI-DSS standards).</p>
</li>
</ul>
<h3 dir="ltr">White-Label Solutions for GoFinance</h3>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Ready-made solution with a range of services</strong>&nbsp;(P2P money transfer, multi-currency accounts, support of Visa/Mastercard).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Easy customization</strong>&nbsp;(ready-made solutions regarding the app&rsquo;s update, like exterior design to enhance branding).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Saving time to launch</strong>&nbsp;(time-economy for the app&rsquo;s launch. Instead of years spent building brand recognition, white-label solutions can ensure the application&rsquo;s launch within weeks/months).&nbsp;</p>
</li>
</ul>
<h3 dir="ltr">P2P Payments &amp; Ordering Integration</h3>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Ordering/board system &amp; analytics</strong>&nbsp;(a decentralized network for preventing double-spending to maintain stability of the transactions).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>P2P &amp; multiply fin payment methods</strong>&nbsp;(fiat &amp; cryptocurrency; multicurrency accounts).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Secured transfers</strong>&nbsp;(AML system for transaction approval; encryption).</p>
</li>
</ul>
<h3 dir="ltr">E-gifting &amp; digital payments&nbsp;</h3>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Ability to add e-gifting / balance / top-up</strong>&nbsp;(setting promo codes and/or gift certificates is customer-centric and ensures brand recognition. Eg. Givingli app enables its users to insert a gift certificate below the digitized greeting card).&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Worldwide &amp; country-specific</strong>&nbsp;(Personal financial management (PFM) program for optimizing planning &amp; spending).</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Easy to add extra user engagement</strong>&nbsp;(diversifying digital payment interactions with extra opportunities, like rewards. Wallex treats its clients with cryptocurrency cashback for spending).&nbsp;</p>
</li>
</ul>
<h2 dir="ltr">Conclusion&nbsp;</h2>
<p dir="ltr">Solving a client's uncertainty regarding choosing the proper Fintech company lies on the fundamentals of the candidate&rsquo;s years of expertise, success stories, industry recognition, and compliance with security standards. You should keep in mind aspects like the company&rsquo;s values, and domains of expertise to ensure the solution's reliability and promote a smooth app&rsquo;s development from the very beginning of its SDLC.&nbsp;</p>
<p dir="ltr">A partnership with&nbsp;<a title="Agilie" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener">Agilie</a>&nbsp;will provide you with a range of benefits: from-scratch app development/optimization of the ready-made solutions, ongoing software support, inclusive, client-centric, and technically reliable application compliant with PCI-DSS standards. To get an in-depth understanding of Agilie&rsquo;s approach to Fintech development, please sign up for the form below.&nbsp;</p>
<p dir="ltr">&nbsp;</p>
<p dir="ltr"><a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723189815820.png" width="100%" height="100%" /><span class="incut--text">Contact us for more info on the Fintech app development process and check our services to make your dream project come true.</span></a></p>

<p>Learn about the insights of how to choose the right Fintech app development company. Dive into aspects like robust security protocols, company's years of experience, and expertise to get a comprehensive understanding of what are high-quality Fintech application development companies.</p>

Learn about the insights of how to choose the right Fintech app development company. Dive into aspects like robust security protocols, company's years of experience, and expertise to get a comprehensive understanding of what are high-quality Fintech application development companies.