Banking & Financial Software Development Services

Frequently Asked Questions (FAQ)

• What services does Scimus provide?

  Scimus provides custom web, web app, and mobile development as well as quality assurance,
  product design, consulting, and software outsourcing.

• How do you organize the financial applications development process?

  Our development process involves:

  • Research: we get to know what type of fintech app you want, your target audience’s
    needs,
    compliance requirements, and your expectations.
  • Define feature sets: we clearly note down the app’s must-have features and other
    additional
    functionalities you might desire
  • Development: we find the right developers and coding commences. The number of coders
    working
    on your project depends on the application’s complexity.
  • Testing: we run tests that ascertain the functionality and quality of the application
  • Launching and maintenance: we make the app available to end-users and undertake
    continuous
    maintenance to ensure the application maintains optimal performance.

• What Is mobile banking development?

  This is the process of building applications that enable the convenience of transacting
  from
  mobile devices

• What Is fintech app integration?

  This is the process where individually developed fintech applications work seamlessly with
  existing systems.

• What are the benefits of hiring an outsource company for your app and software development?

  Reasons you should consider offshore financial software development includes:

  • Access to a large developer pool, allowing your fintech company to find the perfect
    developers to build your bank software.
  • Since the outsourcing firm handles the entire recruitment process, you save time you
    would
    have otherwise used to find developers, allowing you to focus on other mission-critical
    tasks.
  • You can access quality talents at a lower price, improving your business’s overall
    bottom
    line

• How much does financial software development cost?

  The cost for software development for finance varies, depending on the complexity of the
  application. For instance, building a banking system that provides lending, management,
  and
  saving services as well as gives you an accurate 360 degree view of your finances will
  cost
  significantly more than a loan up with application and withdrawal features only.We are
  Scimus, a
  reputable finance software development company that offers custom development services.
  Contact
  us for your free quote.

• Do we sign an NDA?

  Since developing IT banking services may require you to disclose confidential information,
  an
  NDA is required. That way, you can rest easy knowing you are partnering with professional
  financial software developers who will keep your company information private.

• What engagement models do you offer?

  We offer four types of engagement models, which include:

  • Fixed Bid: this is ideal for stable projects with clear requirements and requires
    fixed
    payments
  • Time and Material (T&M) Contract: this model is best for projects with unclear
    requirements.
    The client pays for labour at hourly rates
  • Outsourcing: this is ideal for finance companies that need additional developers to
    supplement their in-house team
  • Dedicated team: this is an engagement model that provides software engineers dedicated
    to
    your project and is best suited for all types of banking and financial software
    development.