Top 5 Banking & Financial Software Development Companies | ValueCoders  
                     TOP 5 BANKING & FINANCIAL  
SOFTWARE COMPANIES,  
ENTERPRISES MUST CONSULT IN 2020
The usage of banking applications has prudently increased across the world.
Fintech worldwide transaction value is expected to surpass $8 million. Being  
the fastest growing market, it has become a major investment interest among 
 people.
Owing to that banking software development trend is booming 
tremendously.  Altogether, the demand for financial software companies’ 
services is also  increasing.
FOLLOWING STATS SHOW HOW THIS  
MARKETING PLACE IS CHANGING.
● Worldwide, Almost 25% of people have an idea about Blockchain 
 technology and its significance in Fintech.
● Per Goldman Sach, the worth of Fintech is estimated to be $4.7 
trillion.
● Globally, there are around 12,000 opened fintech startups.
● Ant Financial is the world’s biggest fintech company, which is boasting 
 a net worth of more than $60 billion, giving more than 10,000 jobs.
● Worldwide 46% of companies agree that AI is one of the most 
relevant  technologies for investment.
● 46% of customers are using digital platforms and channels for personal 
 banking enthusiastically.
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From the above, it is clear that Fintech is a growing trend, and banking
institutions must adopt tech trends to fulfill its customers’ expectations. For
this, banking institutions must adopt software development services from
reliable & reputable banking software companies.
Though finding the right banking software development company is quite  
difficult, as there are a number of companies that promise expertise and  
quality but don’t get on expectation. If you are looking for banking software 
 companies, don’t worry! As here, I am enlisting the top 5 banking 
software  development companies.
The following companies I have selected by considering the following 
 aspects:
● Experience in years and expertise (Average 8+ years)
● Technology support
● Awards and recognition received
● Rating on forums
● Services
● Hourly Price
Apart from these, I have been through a number of websites and 
lists
enumerated for fintech and banking software development.
TOP BANKING & FINANCIAL 
SOFTWARE  DEVELOPMENT 
COMPANIES IN 2020
● VALUECODERS
As one of the top banking software companies, it’s goal is to implement &
leverage its expertise in delivering one-of-a-kind financial software solutions,
including payment gateways, banking system portals, digital wallets, bot  
financial advisors, and more. Valuecoders has more than 16 years of  
experience in custom software and fintech solution development; with a team 
 of more than 450+ technology experts, they deliver increased data security  
and optimized ROI.
They deliver the best Fintech software solution and custom software  
development services to the world’s leading businesses and enterprises. The  
company has already delivered a blockchain-based fund transfer system  
called LipChain and many different types of banking solutions that enable  
easy and secured fund transfer. Its clientele includes 2,500 global business  
leaders, including small, medium enterprises, financial institutions, and more.
It tops the list of financial software companies and is greatly recommended  
for quality software development. They ensure nondisclosure agreement and 
 ensure guaranteed money in case of client dissatisfaction. If you want to  
create a fintech solution, you must reach out to valuecoders.
Year Of Experience: 15 years
Hourly Price: Starting from $25/hour
Clutch Rating: 5.0/5.0
Services:
● Custom App Development
● Web & mobile apps development
● Mobile App Development
● Cross-Platform App Development
● Application Maintenance
● Application Modernization
● eCommerce Development Services
● IT Strategy & Consulting
● Digital Transformation
● Software Product Development
● IT Staff Augmentation
● Quality Assurance
● DevOps Consulting & Engineering
Celebrated Client: Capgemini, SelectSpecs, Estel, Candor, Novea, Grundfos,
ZenQ, EventDo, Dubai Police, RiskLogic, Track Opinion, Trekon, Rina, Tekion
Technology Stack: React Native, .Net, Java, Python, Chatbot, AI/Ml, Cloud, 
 Blockchain, IoT, Power BI, and more
● PRAXENT
Praxent is known for providing innovation in the field of the software
development sector. To continue outsourcing innovation for the long term, the
company internalizes design thinking, do proper research in UX design, keep 
 customers as a central aspect, perform rapid tests, agile development and  
user validation to carve intuitive and futuristic software applications.
While excelling in this sector for more than 20 years, the company is 
growing  faster with a team of 70+ software designers and developers that 
offer  impeccable software solutions across various industries. Over time, 
Praxent  has thrived as a major banking software development company by 
serving  financial institutions like Austin capital bank and more.
It has been featured in Inc 5000 and known for providing best in class
financial application software. Owing to that it is one of the best financial 
 software companies.
Year Of Experience: 20 years  
Hourly Price: $100-$149/hour 
 Clutch Rating: 4.8/5.0
Services:
● Custom Software Development
● Frontend Development
● Application Modernization
● Backend Development
● Web Portal Development
● Cloud Deployment
● Web App Development
● DevOps Pipelines
● Mobile App Development
● Software Architecture
Celebrated Clients: Dimensional Fund Advisors, Texas Mutual Insurance
Company, NORCAL Mutual, Amherst Holdings, Keller Williams, Sysco Foods,
NRG, Kinder Morgan, The City of Houston, uShip, McCoy’s Building Supply, 
 Cost Plus World Market, The University of TexasCMIC Group.
Technology Stack: Cloud, DevOps, React, Angular, Node, Python, and 
more
● ANDERSEN
The company incorporates a team of 1000 experienced and qualified
engineers and developers. Moreover, the company enables you to hire  
developers by providing a CV review and 6-month warranty on all 
codes.
As one of the top financial software companies, Andersen has been awarded 
 and recognized by several groups for its exceptional work and assistance in  
the field of banking and custom software development such as Red Hat,  
ISTQB, and more.
It’s a highly competitive and innovative team of developers, QA engineers,
project managers, business analysts, and other development professionals  
who provide end-to-end services to its clients. Offering best-in-class support 
 and services, the company is thriving as a one of the top banking software  
companies. Over these years, the company has delivered more than 640  
successful projects.
Year Of Experience: 13 years 
 Hourly Price: $25 -
$100/hour  Clutch Rating: 
4.9/5.0
Services:
● Mobile developers
● Web developers
● QA engineers
● Project managers
● UI/UX designers
● Business analysts
Celebrated Clientele: GlobePayroll, Marvel, Samsung, IHS Markit Staff
augmentation, Media Markt, and more.
Technology Stack: Python, Ruby, Node.js, Scala, Golang, Django, C&C++,  
Android, iOS, Xamarin, React Native, Cordova, Ionic, Unity, and more.
● INTELLECTSOFT
The company is thriving as a known digital transformation consultancy by
offering cutting edge engineering solutions to worldwide organizations. Its
mission to aid enterprise businesses speed up the adoption of modern  
technologies and provide tech solutions to complex issues that hinder the 
 process of global digital evolution, and orchestrate innovation.
It is one of the trusted providers in the financial service companies list and  
incorporates a portfolio of strategic consulting, UX design, and development 
 services. It follows a strategic development cycle management for tech  
integration, system implementation, and more.
The company has three distinct service models: For startups, one for small
and medium business, and third one for large enterprises. Each model serves  
different needs, budget, and legacy architecture. As one of the well-known  
banking software companies, IntellectSoft has been delivering excellent  
solutions for over a decade. Its hi-tech sector technology stack is appreciated 
 among its clients that enable them to undergo complete digital  
transformation. For fintech software development, it is an excellent choice.
Year Of Experience: 13 years 
 Hourly Price: $25 -$50/hour 
 Clutch Rating: 4.9/5.0
Services:
● Product Engineering
● Mobile Development
● Dedicated Team
● Digital Transformation
● IT Consulting
● UX /  UI Design
● DevOps
● QA & Testing
Celebrated Clients: Universal Picture-Radar, London Stock Exchange Group,
Wipro Technologies, Bombardier, Jaguar, Land Rover, Euorstar, Audi, Griffins, 
 Hoosbaam, Universal, Giant, Gulls, and more
Technology Stack: Internet of Things (IoT), Blockchain (DLT), Extended Reality 
 (AR /  VR), Cognitive Computing (AI /  ML), Customer Experience (UX /  UI)
ALSO READ: HOW MACHINE LEARNING IN BANKING HELPS IN FRAUD DETECTION
● HEDGEHOG LAB
It is thriving as a global digital product consultancy that works with global
brands and enterprises to help them in digital adoption for achieving desired 
 business goals. It is in top five in the financial service companies list for its
expertise in technology integration and business logic. Due to more than a 
 decade of experience, the company is catering to exception design and  
product development services.
Its expertise can be witnessed in iOS, Android, Web, Immersive or
voice-enabled software, where it provides exceptional design and engineering 
 credentials. Due to this, it is thriving as the world’s biggest organization for  
custom and fintech software development.
Its team of passionate developers, designers, and business analysts is spread 
 across offices in London, Newcastle Upon Tyne, Boston, and India.
Year Of Experience: 13 years  
Hourly Price: $100-$149/hour 
 Clutch Rating: 4.7/5.0
Services:
● Web Development
● Mobile App Development
● Artificial Intelligence
● Immersive Experience
● Web Apps
● Design Sprint & Product Strategy
● Innovation Lab
● Research & Insight
Celebrated Clients: Microsoft, Llyods Bank, Financial Times, Northumbrian
Water, Toyota, E.ON Energy, Jet2, AkzoNobel, B&M Stores, Santander,
Deliciously Ella, Leisure Pass Group, CMC Markets, Kodak Alaris, Royal 
 Pharmaceutical Society
Technology Stack: AI, ML, IOT, Big Data, iOS, Android, DevOps, AR/ VR, and 
 more
RELATED: TOP 10 FINTECH SOFTWARE DEVELOPMENT COMPANIES 2020
BOTTOM LINE
These are the top 5 banking software development companies that can help  
you secure a solution that can serve to modern users’ needs. As we know 
that  now people are doing mobile transactions more frequently, and the 
cashless  economy trend is deepening its roots, it is critical to secured 
banking  solutions to prevent data breaches.
Moreover, connecting with a software outsourcing company that provides  
financial solutions by analyzing business needs and target audience can help
in delivering excellent customer experience and reliance, which are the
foundation of the banking industry.
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ttps://www.valuecoders.com/blog/top-and-best-companies/top-banking-financial-software
- companies/