Fintech companies are thriving, as consumers are used to efficient services available 24/7. Retail banking software can support your company’s operations across platforms. Web-based systems and mobile apps are indispensable for any business, as the industry is wildly competitive.Adaptable ready-made solutions ensure quick market entry. Here is what you can expect from leading developers.
What Top Providers Offer
Over the past few years, core banking platform development has come a long way. Look for a software partner with extensive experience in the field and a stellar track record. Some of the biggest names in fintech have been in business for over 15 years! Pay attention to the following aspects:
1. Security Standards
Banking services online must ensure a secure and safe experience for all customers. Integration of different verification methods is a must. Aside from two-factor authentication, consider using biometric checks, security notifications, and Strong Customer Authorization. KYC checks and fraud detection, including third-party systems, are a must.
2. Strong Infrastructure
A cloud-based system is a cost-effective solution that is also hassle-free. It allows you to launch a fully-featured product quickly. Stable systems ensure the productivity and stability of the finished product.
3. Traffic Management
With a reliable system, you can expand your business effortlessly. Growth will not be impeded by architecture constraints. Choose forward-thinking software that will support traffic increase.
4. Full Control
Using a highly adaptable API, you can build unique mobile apps, web interfaces, and back-office systems. With separate dashboards, you can assign different user roles to ensure comprehensive control over the operations and processes.
5. Testing and Quality Assurance
The code that underlies your system must be robust and secure. A reliable provider will ensure stability and protection. Before launch, it will check operability and functionality using cutting-edge tools, such as Findbug. Make sure manual code review is also used.
6. Application Monitoring
To ensure the stable operation of large-scale projects, all the components of the infrastructure must be in sync. The condition of the hardware must be monitored continuously. The use of a WildFly server is recommended. This lightweight, flexible, and powerful system streamlines checks, configuration, and scaling.
7. Third-Party Integration
Make sure you can connect the right tools easily. Third-party systems, whether for new features or enhanced security, must be easy to implement. The architecture should allow this at all stages, from customer onboarding to transactions.
Final Words
A reputable provider will guide you through all the stages of your digital transformation, from preliminary research to launch and scaling. If you choose the dedicated team format, it will eliminate the hassle of hiring and managing your own IT staff. This is the best option for mid-size companies. Let professionals handle everything! Alternatively, purchase a platform with a source code that your employees can modify.
