Financial Software Development Partners for Fintech Industry – Why They Matter

According to The Forbes’ 2018 Fintech 50 report, with the market cap of $8.5 trillion fintech companies in the US have been already pressing the local banking sector rather hard and the fun has just begun. Meanwhile, the industry players are looking for reliable B2B service providers, focused on IT outsourcing and boasting deep expertise in software development for the financial sector. What value can these partners bring into the industry? This can be briefly illustrated through the experience of a Ukrainian IT company, N-iX, which is listed among Clutch’s Top 500 B2B developers worldwide.

Timely Scalability

RateSetter, UK-based P2P lending platform, employed N-iX services in 2016, when the growing number of their active users made them face an increased scope of technological tasks to tackle. They got a dedicated development team of 26 IT professionals in cloud solutions, SOA, microservices, identity and access management. The outsourced team provided RateSetter with the scalability they required during the rapid growth and now keeps assisting in many engineering operations to deliver further improvements.

Fast Service Extension  

Lebara, a global telecom brand with 5 million active customers, started its cooperation with N-iX in 2014, when the company needed to quickly launch a variety of digital products on the market. This covered the development of Android-based mobile app for international money transfers, Lebara Money. Along with financial software services, the vendor put at company’s disposal over 100 IT experts in cloud solutions, data science and DevOps, who built a single R&D center for multiple Lebara’s products.

EX and Functionality Improvement

Currencycloud, a cloud-based cross-border money transfer platform for businesses, initially challenged N-iX to the development of an app, providing smooth web access to the company’s major services. Yet, their effective cooperation and N-iX’s advanced skills in high load systems spurred the company to entrust the vendor with the task to develop a new version of RESTful API. This resulted in delivering more customizable tools to users combined with further optimization and automation of the company’s services.

This case study proves that with a trustworthy partner at hand, fintech companies can address various challenges, while keeping focused on their core business.

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