Factors that influence fintech app development costs | Agilie

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;
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;
<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>
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The effective Fintech development company has to promote app&rsquo;s easy usability, maximized security, and continuous safety updates.&nbsp;
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A credible Fintech partner will ensure the app complies with the PCI-DSS security standards.&nbsp;
</li>
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The Fintech-specialized company has to ensure the latest authentication methods (face ID, 2FA, KYC).&nbsp;
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">6 Steps to Choose the Right Fintech Development Company</h2>
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:
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Company&rsquo;s years of experience&nbsp;(gives credibility to the candidate&rsquo;s solid background in the industry).
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Expertise in fintech&nbsp;(versatility of expertise domains ensures cross-functional app development.&nbsp;Eg.&nbsp;integrating from-scratch developed cryptocurrency in the neobank).
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Industries the company works with&nbsp;(multidimensional tech experience provides a Fintech company with more public recognition, proving the effectiveness of its apps for different professional environments).&nbsp;
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Organization&rsquo;s project portfolio base&nbsp;(the portfolio recaps the client&rsquo;s goals, solutions, and strategies for overcoming challenges).
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Clients&rsquo; reviews&nbsp;(give credibility to Fintech company&rsquo;s expertise).
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Adherence to technological trends&nbsp;(represents the company&rsquo;s agility within the tech industry).
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</ul>
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187620977.png" />
<h2 dir="ltr">Agilie&rsquo;s Expertise in Fintech Development</h2>
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;
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;
Agilie keeps crafting versatile and multidimensional solutions for different areas of the digitized Fintech operations including:
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Software development&nbsp;(mobile banking app, payment solutions, blockchain solutions, digital wallets).
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Cryptocurrency development&nbsp;(creation of cryptocurrencies from scratch).&nbsp;
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UI/UX design&nbsp;(responsive for various platforms and screens design accessible to all users including those with disabilities).&nbsp;
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Smart Contract development&nbsp;(building secure and easy-to-use Smart Contracts to protect cryptocurrency wallets).&nbsp;
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P2P payments&nbsp;(multiply payment methods for fiat money &amp; cryptocurrency, secured transfers).
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Card issuer integration solutions&nbsp;(card service customization applied to neobanks and mobile banks).&nbsp;
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</ul>
<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%" />Learn more about Fintech domains we excel.</a>
<h2>Recognition and Success&nbsp;</h2>
The company successfully integrates its customer-centric solutions to multiple Fintech organizations like Chameleon Pay, Level01, Wallex, etc.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187661173.png" />
<a title="Chameleon Pay" href="https://agilie.com/success-stories/chameleon-pay" target="_blank" rel="noopener">Chameleon Pay</a>
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;
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
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;
<a title="Level01" href="https://agilie.com/success-stories/level01" target="_blank" rel="noopener">Level01</a>
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;
Wallex
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.
<h2 dir="ltr">Agile&rsquo;s success in Wallex<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187758734.png" />Robust Security Protocols</h2>
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;
<h3 dir="ltr">PA-DSS and PCI-DSS Replacement&nbsp;</h3>
PA-DSS&nbsp;(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;
PCI-DSS&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;
PCI-SSF&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.
<div dir="ltr" align="left"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1723187801367.png" /></div>
<h2 dir="ltr">Passing compliance audits</h2>
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:
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Ensuring the development/maintenance of the secure network and systems
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Firewall configuration is a suitable case of network segmentation to guarantee the smooth protection of the cardholder&rsquo;s data.&nbsp;
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Protecting cardholder&rsquo;s data confidentiality
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</ol>
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.
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Setting the vulnerability management program
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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;
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Crafting strong access control measures
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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;
<h2 dir="ltr">Custom Solutions Tailored to Client Needs</h2>
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:
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The company&rsquo;s values;
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Candidate&rsquo;s success stories.
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</ul>
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;
<h3 dir="ltr">Translation of the formal/legal part into a tech checklist</h3>
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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;
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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.
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</ul>
<h3 dir="ltr">Card Issuer Integration</h3>
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Integrating card issue services&nbsp;(smart value-added service through a decreased manual intervention.
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Inclusivity of versatile regions &amp; customization&nbsp;(Fast volume scale considering the geography; high card availability)
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Analysis &amp; Report on the applied solutions&nbsp;(reports on the effectiveness, outcomes, areas of improvement of the solutions, compliance with PCI-DSS standards).
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</ul>
<h3 dir="ltr">White-Label Solutions for GoFinance</h3>
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Ready-made solution with a range of services&nbsp;(P2P money transfer, multi-currency accounts, support of Visa/Mastercard).
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Easy customization&nbsp;(ready-made solutions regarding the app&rsquo;s update, like exterior design to enhance branding).&nbsp;
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Saving time to launch&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;
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</ul>
<h3 dir="ltr">P2P Payments &amp; Ordering Integration</h3>
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Ordering/board system &amp; analytics&nbsp;(a decentralized network for preventing double-spending to maintain stability of the transactions).&nbsp;
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P2P &amp; multiply fin payment methods&nbsp;(fiat &amp; cryptocurrency; multicurrency accounts).
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Secured transfers&nbsp;(AML system for transaction approval; encryption).
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</ul>
<h3 dir="ltr">E-gifting &amp; digital payments&nbsp;</h3>
<ul>
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Ability to add e-gifting / balance / top-up&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;
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Worldwide &amp; country-specific&nbsp;(Personal financial management (PFM) program for optimizing planning &amp; spending).
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Easy to add extra user engagement&nbsp;(diversifying digital payment interactions with extra opportunities, like rewards. Wallex treats its clients with cryptocurrency cashback for spending).&nbsp;
</li>
</ul>
<h2 dir="ltr">Conclusion&nbsp;</h2>
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;
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;
&nbsp;
<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%" />Contact us for more info on the Fintech app development process and check our services to make your dream project come true.</a>

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.

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.

How to Choose Fintech App Development Company

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Discover the vital role of cryptography in blockchain security, exploring how hashing, digital signatures, and smart contracts protect cryptocurrency transactions and ensure data integrity.

The Role of Cryptography in Blockchain Security

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.
<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>
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.
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.
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;
<h3 dir="ltr" style="text-align: justify;">Navigating the Digital Shift</h3>
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.
<h3 dir="ltr" style="text-align: justify;">Enhancing Customer Experience</h3>
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.
<h3 dir="ltr" style="text-align: justify;">Driving Operational Efficiency</h3>
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.
<h3 dir="ltr" style="text-align: justify;">Ensuring Compliance and Security</h3>
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.
<h2 dir="ltr" style="text-align: justify;">Top Fintech Software Development Companies</h2>
<h3 dir="ltr" style="text-align: justify;">#1. Agilie</h3>
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;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<a href="https://agilie.com/expertise/fintech" target="_blank" rel="noopener">Fintech</a>
</li>
<li dir="ltr" aria-level="1">
<a href="https://agilie.com/expertise/fintech/mobile-banking" target="_blank" rel="noopener">Mobile Banking</a>
</li>
<li dir="ltr" aria-level="1">
<a href="https://agilie.com/expertise/fintech/payment-solutions" target="_blank" rel="noopener">Payment Solutions</a>
</li>
<li dir="ltr" aria-level="1">
<a href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener">Blockchain Software</a>
</li>
</ul>
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.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1720025525626.png" />
<h3 dir="ltr" style="text-align: justify;">#2. The Software House</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#3. NS Code</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#4. Advapay</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#5. NEATsoft</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#6. Innowise</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#7. IceFyre Solutions</h3>
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:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
A complete consultancy cycle.
</li>
<li dir="ltr" aria-level="1">
A general system for the education of staff with applicability for some form of client-oriented work.
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">#8. Saritasa&nbsp;</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#9. FutureCode&nbsp;</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#10. Astrokyon</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#11. Daffodil Software</h3>
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;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Digital product engineering
</li>
<li dir="ltr" aria-level="1">
Technology consulting
</li>
<li dir="ltr" aria-level="1">
AI solutions.
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">#12. Techugo</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#13. Fluper</h3>
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).
<h3 dir="ltr" style="text-align: justify;">#14. OpenXcell</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#15. Brainvire</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#16. LTIMindtree</h3>
LTIMindtree is a technology consulting and digital solutions company that provides the following services:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
cloud consulting,
</li>
<li dir="ltr" aria-level="1">
data and insights,
</li>
<li dir="ltr" aria-level="1">
digital engineering,
</li>
<li dir="ltr" aria-level="1">
enterprise application solutions.
</li>
</ul>
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.
<h3 dir="ltr" style="text-align: justify;">#17. Deviniti</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#18. TatvaSoft</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#19. OptiSol Solutions</h3>
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.
<h3 dir="ltr" style="text-align: justify;">#20. Appinventiv</h3>
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.
<h2 dir="ltr" style="text-align: justify;">How to Choose the Right Fintech Software Development Company</h2>
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1720025497529.png" />
Getting the correct financial technology trading software development company for the project is important for the ultimate outcome. Factors of consideration include the following:
<ol style="text-align: justify;">
<li dir="ltr" aria-level="1">
Skill and Experience: 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.
</li>
<li dir="ltr" aria-level="1">
Tech Stack: Make sure the company incorporates tech stack according to the needs of the current project.
</li>
<li dir="ltr" aria-level="1">
Compliance and Security: Hire a team of developers who are well-versed in financial regulation and security protocols.
</li>
<li dir="ltr" aria-level="1">
Client Testimonials &amp; Case Studies: Check testimonials and work portfolio. It helps to understand whether the shortlisted company fits your requirement and standards.
</li>
<li dir="ltr" aria-level="1">
Scalability &amp; Support: 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.
</li>
</ol>
<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%" />Discover the latest trends in neobanking for 2024.</a>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
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;

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

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

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

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

Blockchain has become a paradigm shift that changes the operations of different industries. Nevertheless, like any other disruptive technology, a lot of myths and misconceptions have appeared. We should differentiate between fact and fiction to use blockchain technology effectively and responsibly. We can better understand what blockchain is (and isn&rsquo;t), how it functions, and the varied applications it holds besides cryptocurrencies by clarifying these misconceptions.
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Blockchain is not just about Bitcoin; it is the technology that can transform different fields. 

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

Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.
</li>
<li dir="ltr" aria-level="1">
Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">&nbsp;Myth 1: Blockchain and Bitcoin Are the Same</h2>
Among the most common myths about blockchain technology is the confusion between the blockchain and Bitcoin. Blockchain and Bitcoin were created simultaneously, so they are widely believed to be the same thing. However, we must understand that blockchain is a much broader term. It is the technology that created Bitcoin. While Bitcoin is indeed the first and most famous application of this technology, equating the two is like saying that Google is the Internet.
Blockchain is a decentralized digital ledger technology (DLT) that records transactions across multiple computers so that the records cannot be altered retroactively, without the alteration of all subsequent blocks and the consensus of the network.
This makes blockchain a naturally secure and transparent method of data and transaction recording.&nbsp;
Bitcoin is a type of digital currency based on blockchain technology and used for secure, anonymous, and decentralized financial transactions. The blockchain of Bitcoin acts as a public ledger for all the transactions in the Bitcoin network, thus, it is possible to transfer digital currency securely without the use of intermediaries like banks or governments.&nbsp;
Blockchain technology can be much broader than purely financial transactions. It can be used in different industries with various aims. Nowadays, many businesses are studying how blockchain can improve their operations (read more about <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise blockchain development</a> and <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise-grade blockchain development</a>).

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

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

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

Blockchain Myths Debunked: Separating Fact from Fiction

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

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

Blockchain Tech Trends: How to Stay Ahead of the Curve

Explore the future of blockchain technology in various industries, its transformative impacts, challenges, and potential in this article.&nbsp;

Explore the future of blockchain technology in various industries, its transformative impacts, challenges, and potential in this article. 

The Future of Blockchain: Trends and Predictions

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

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

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.
<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">
To successfully launch and operate a neobank, it's crucial to hire a skilled development team that understands fintech and digital banking.&nbsp;
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
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.
</li>
<li dir="ltr" aria-level="1">
Prioritizing strong client relationships is a factor that helps to make informed decisions based on cultural fit.
</li>
</ul>
</div>
<h2 dir="ltr" style="text-align: justify;">Identifying Your Needs</h2>
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.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475062456.png" />
Key Roles in a Neobank Development Team&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Project Manager (PM):&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;
</li>
<li dir="ltr" aria-level="1">
Business Analyst (BA):&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;
</li>
<li dir="ltr" aria-level="1">
UI/UX Designer:&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.
</li>
<li dir="ltr" aria-level="1">
Software Developers:&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;
</li>
<li dir="ltr" aria-level="1">
Quality Assurance (QA) Engineers:&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;
</li>
<li dir="ltr" aria-level="1">
DevOps Engineer:&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.
</li>
</ul>
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;
<h2 dir="ltr" style="text-align: justify;">Finding Candidates</h2>
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.
<h3 dir="ltr" style="text-align: justify;">Utilizing Professional and Job-Specific Platforms</h3>
LinkedIn:&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.
GitHub:&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.
Industry-specific sites:&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.
Clutch&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;
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;
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475178760.png" />
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714476206917.png" />
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.
Additionally, we would like to emphasize client relationships, and we will discuss this in the next chapter.
<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%" />Learn more about us by visiting our website.</a>
<h2 dir="ltr" style="text-align: justify;">Client Relationships&nbsp;</h2>
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.
A development team that prioritizes client relationships is essential for several reasons.
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Communication:&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.
</li>
<li dir="ltr" aria-level="1">
Flexibility:&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.
</li>
<li dir="ltr" aria-level="1">
Support:&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.
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">Agilie&rsquo;s Approach to Client Relations</h3>
At Agilie, we consider our customer relations equally valuable as our technological competencies. We are delighted to describe our approach to client communications.&nbsp;
Personalized Service:&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;
Proactive Engagement:&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;
Transparent Processes:&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;
Long-term Partnership Focus:&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.
According to our clients, they value Agilie's ability to listen, adapt, meet deadlines, and consistently deliver high-quality results.
&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%" />Learn more about our case studies and how we have created marvelous projects.</a>
<h2 dir="ltr">Making the Decision</h2>
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.
1. Assessing Technical Expertise:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Review Portfolios and Case Studies
</li>
<li dir="ltr" aria-level="1">
Check References and Testimonials
</li>
<li dir="ltr" aria-level="1">
Evaluate Technical Presentations or Pitches
</li>
<li dir="ltr" aria-level="1">
Consider requesting a technical assessment
</li>
</ul>
2. Considering Cultural Fit
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Communication Style
</li>
<li dir="ltr" aria-level="1">
Project Management Approach
</li>
<li dir="ltr" aria-level="1">
Values and Vision
</li>
</ul>
3. Balancing Cost and Value
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Cost Efficiency vs. Investment Return (A higher upfront cost might be justified by superior quality and longer-term savings in maintenance and scalability)
</li>
</ul>
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.
<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%" />Find out our neobanking development process and its price in our article.</a>
<h2 dir="ltr">Conclusion</h2>
Hiring a neobank development team is a complicated step, and its thoroughness is critical. The main part of this process includes:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
identifying your needs,&nbsp;
</li>
<li dir="ltr" aria-level="1">
finding candidates,&nbsp;
</li>
<li dir="ltr" aria-level="1">
building relationships,&nbsp;
</li>
<li dir="ltr" aria-level="1">
making the ultimate choice.&nbsp;
</li>
</ul>
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.
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;
<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%" />Contact Agilie to realize your vision with the utmost dedication, expertise, and success.</a>

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.

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

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

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