Fintech App Development
company according to
of global Fintech Development Experience
Fintech is a new digital industry of the economy that includes apps, websites, and other tech solutions that modernize traditional financial services. Technological progress has given a great impact on the development of many areas of Fintech (financial technologies). This list includes mutual crediting, non-bank loans, deposits, accounting systems, personal finance, individual investments, crowdfunding, payments, financial advice, and cryptocurrency.
Fintech’s benefits include flexibility (immediate response to market changes and demands), innovations, and the ability to attract tech-savvy customers. Fintech services are used by those who prefer speed, convenience, and ease of use of the service. It moves the customer from traditional banks and plastic credit cards to a better user experience and digital payments.
Digital solutions make conservative banks more innovative, move old banks from a monopoly on money transactions. It allows customers to make insurance contracts and transfer money within a couple of minutes.
They receive financing not from banks only, but from crowdfunding platforms, managing financial assets without human intervention. Also, with the help of artificial intelligence, it’s possible to estimate the paying capacity of individuals and save money in electronic wallets. And this is only one part of all possible Fintech options.
Fintech is about technologies used in industries connected with money, and it definitely changes our lives every day. Over the last 8 years, UppLabs mastered the latest Fintech technologies and gained experience in creating reliable, secure, and sophisticated Fintech solutions and products:
Fintech web and mobile development
Money transactions platform engineering
Online trading and exchange platform engineering
AI-based financial solutions
P2P funding solutions
Risk and scoring Fintech solutions
Payment systems integration and optimization
Existing products and services maintenance and modernization
Fintech is highly used in business. These businesses can be divided into such categories:
using a decentralized system
RegTec (regulatory technology)
protecting networks, systems, and programs from digital attacks.
business process automation technology based on metaphorical software of robots (bots) or artificial intelligence
As a software development company that works in Fintech, UppLabs can identify the main directions of institutional changes in financial systems that occur in fintech development:
Сhanges in regulatory, legal support for the development of the financial sector;
Best security practices, and the functioning of non-financial companies that provide financial services;
Development of specialized infrastructure (hackathons, hubs, Internet platforms);
Introduction of new business models and provision of financial services and functioning of financial institutions (sharing economy and business ecosystem);
Decentralization of the financial services network;
Extension of fintech to the sector of non-banking institutions (InsurTech).
The development of digital technologies makes it possible to remove the binding of the consumption of financial services to the location of their consumer. It helps to make complex financial products that are not rigidly tied to the distribution channel.
P2P lending is a financial transaction between an investor and a borrower directly through an online platform. In this model, individuals can lend to other individuals or businesses without any financial institutions.
UppLabs P2P Funding Core that facilitates and speeds up the development of investment platforms offers:
When creating a P2P lending platform, it’s essential to comply with all government regulations. UppLabs will lead you through general Fintech regulatory and supervision practices:
UppLabs out-of-box integrations that allow to quickly launch the usage of the most necessary third-party services:
Online lending platforms connect borrowers and investors and allow them to fulfill money operations and loans. Some P2P lending sites also offer borrowers and investors to make their deals in interest rates and loan tenure. While developing such a platform, you need to consider all possible risks. UppLabs solutions to risk management include:
With software engineers from UppLabs, you can launch a new web or mobile application for your business. We can help to rebuild your legacy system, get a sophisticated Fintech solution, or grow your engineering team with our developers.
Throughout the years and projects, our software development process was refined according to the needs of online banking, payment solutions, and KYC (know your customer) development. A dedicated team of UppLabs’ developers creates software for:
Regardless of your location, Fintech regulations should be thoroughly examined. Because almost every Fintech solution and standards developed these days can go globally.
Also, you should be sure to partner with developers that are aware of financial software development standards and limitations.
UPD for 2022. UppLabs is #1 Fintech App Development company, according to TopDevelopers.
Let’s talk about your Fintech opportunities!
“UppLabs LLC supported frontend React development for a web-based app MVP. This involved consulting on technical design decisions. The team excelled at providing quality technical development throughout the timeline. They went above and beyond, providing valuable suggestions for product improvement. Their receptiveness to feedback and ability to adjust accordingly was a highlight.”
“Compared to the internal staff, the team is capable of delivering about twice the amount of features with the same level of quality. Working closely with their partner, they assist end users with the product on conference.”
“UppLabs LLC excels at meeting deadlines and sticking to priorities. They’re genuinely interested and will make valuable suggestions beyond their specific project scope. As a team, UppLabs is responsive and consistently delivers quality work, on time.”
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