FinTech Software Development Services

Financial Software Development Services

We’ll help your company break through all barriers and turbocharge operations by implementing a custom software application that will take your financial services to the next level.

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WHAT WE DO

Custom Financial Software Solutions of Any Complexity

Payment Solutions
Financial Management
Lending Solutions
Investment and Wealth Management
InsurTech
RegTech Solutions
Payment Gateways
POS Systems
eWallets
Mobile Payment Apps
Peer-to-Peer Payment Apps
Cross-Border Payments

Payment Gateways

Our payment gateway solutions encrypt sensitive information, ensure seamless integration with ecommerce platforms, and provide real-time authorization and fraud detection.

POS Systems

Leverage POS systems to integrate payment processing, inventory management, and customer relationship tools into a single and user-friendly interface.

eWallets

Modern financial solutions like digital wallets support contactless payments, storing loyalty cards, and managing finances from mobile devices.

Mobile Payment Apps

Offer on-the-go payment capabilities to allow users to make purchases, transfer funds, and manage finances with enhanced security features.

Peer-to-Peer Payment Apps

P2P apps simplify personal financial transactions by enabling quick and secure money transfers directly from bank accounts or digital wallets.

Cross-Border Payments

Our developers deliver financial software that includes features like multi-currency support, exchange rates, and compliance with global regulatory standards.

Personal Finance Management
Accounting and Billing Software
Payroll Management Software
Enterprise Resource Planning
Tax Management Software
Data Encryption and Protection

Personal Finance Management

Support individuals with tools to manage their finances, including tracking expenses, handling budgets, and planning for future financial goals.

Accounting and Billing Software

Automating financial record-keeping, invoicing, and payment processing helps you ensure accuracy and compliance in transactions and reporting.

Payroll Management Software

We’ll help you achieve effective payroll processing where accurate employee salary calculations, tax withholdings, and disbursements are no sweat.

Enterprise Resource Planning

Our team, skilled in software engineering, builds ERP systems tailored to financial business to provide a unified view of organizational data and enhance operations.

Tax Management Software

Level up tax preparation, filing, and compliance processes with software designed to automate calculations and manage deductions and credits.

Data Encryption and Protection

It’s impossible to do without data protection today, which secures sensitive information during both storage and transmission — we know how to ensure data confidentiality and integrity.

Loan Origination Systems
Lending Automation
Merchant Cash Advance
Loan Management Systems
Debt Collection Software
Credit Scoring & Risk Assessment Tools

Loan Origination Systems

The right LOS software contributes to improving prospecting so that banks can find qualified borrowers, reduce risk, and avoid fraud.

Lending Automation

From application and underwriting to approval and disbursement, lending automation tools enhance efficiency and customer experience and reduce errors.

Merchant Cash Advance

We have experience in building efficient tech solutions that help companies leverage MCA and support this popular type of business financing.

Loan Management Systems

Banks and other financial institutions need proprietary platforms to automate time-intensive processes of managing payments and loan collection.

Debt Collection Software

Streamline the process of tracking, managing, and recovering overdue payments from debtors efficiently and in compliance with regulations.

Credit Scoring & Risk Assessment Tools

We equip credit unions, microfinance, and leasing companies with tools to evaluate the risks associated with loans, credits, and lending.

Portfolio Management Systems
Trading and HFT Platforms
Brokerage Solutions
Robo-Advisors
Alternative Investment

Portfolio Management Systems

With quantitative and predictive forces, we deliver systems that optimize investment portfolios and fuel trades with precise market data.

Trading and HFT Platforms

Our team designs robust platforms, including FPGA-based solutions, to help businesses scan the markets and automate trading operations.

Brokerage Solutions

We implement know-how portfolio balancing solutions that connect optimal trading service recommendations with brokerage firms.

Robo-Advisors

Go for Velvetech’s robo-advising algorithms that will help keep your wealth management solutions utterly personalized and highly effective.

Alternative Investment

We develop full-featured platforms that comprise mobile and web solutions to manage alternative investments, including merchant cash advance.

Policy Management Systems
Claims Processing Systems
Underwriting Software

Policy Management Systems

We have a long history of developing software for the insurance sector, helping with policy creation, issuance, renewal, and cancellation.

Claims Processing Systems

If you deal with insurance claims, you know their processing requires some effort — with the help of technology, you can easily improve the workflows.

Underwriting Software

With data analytics and machine learning in place, underwriting solutions evaluate applications quickly and accurately, which elevates the entire process.

Fraud Detection and Prevention
Know Your Customer Solutions
Compliance Management
Anti-Money Laundering Systems
Identity and Access Management
Audit and Reporting

Fraud Detection and Prevention

By implementing advanced algorithms and real-time monitoring, we’ll help you identify and mitigate fraudulent activities, which is a safeguard for your financial assets and transactions.

Know Your Customer Solutions

Make sure only authorized individuals have the appropriate permissions by controlling and monitoring user access and adopting effective authentication mechanisms.

Compliance Management

Modern RegTech solutions help improve adherence to regulatory requirements and industry standards by automating compliance processes, tracking obligations, and ensuring accurate reporting.

Anti-Money Laundering Systems

Monitor transactions for suspicious activities, perform risk assessments, and ensure compliance with regulatory requirements by adopting AML software.

Identity and Access Management

Make sure only authorized individuals have the appropriate permissions by controlling and monitoring user access and adopting effective authentication mechanisms.

Audit and Reporting

If you lack transparency and accountability, there are comprehensive audit and reporting tools that will help you track, document, and analyze financial and operational activities.

OUR FOCUS

Key Financial Software Development Services

FinTech Consulting

FinTech Consulting

Velvetech will lead you through technological advancements, design an effective IT strategy, and make your next financial software project excel operationally.

Custom Financial Software Development

Custom Financial Software Development

Our company provides a range of software development services to help financial institutions craft custom solutions aligned with their must-haves.

Financial Software Modernization

Financial Software Modernization

Whether you seek to modernize your existing infrastructure to better align with your current needs or get away from legacy solutions, our support is dedicated to your goals.

FinTech Systems Integration

FinTech Systems Integration

To ensure all elements of your architecture work effectively, data flows seamlessly, and processes run smoothly — our systems integration expertise is at your service.

Feel the power of automation with financial software

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Can financial software integrate with banking APIs or third-party services?

Of course. Our team specializes in integrating financial tech solutions with various banking APIs, payment processors like Stripe or Plaid, KYC/AML providers, credit bureaus, and other third-party services. This way, we ensure your financial services and operations are secure and consistent.

End-to-End Financial Software Development Company
WHY VELVETECH

End-to-End Financial Software Development Company

Over 20 years, we’ve been delivering services in custom software development. Our mission? To help businesses fuel growth, draw in customers, and optimize operations. We stand at the forefront, delving into IoT products, FPGA technologies, and advanced data analytics techniques.

Our team helps financial businesses build solutions to gain a number of benefits that drive the industry forward. Depending on the goals and the technology leveraged, companies improve customer experience, mitigate cybersecurity risks, win the competition, and more.

Velvetech will support you with the right solution compliant with key financial regulations like Dodd-Frank or Sarbanes-Oxley to ensure maximum security. If you’re looking for a reliable partner to provide you with financial software development services, we are ready to accelerate your project delivery.

Deep domain knowledge
Regulatory compliance expertise
Enterprise-grade data security
Fast time-to-market
Solutions designed to maximize ROI
Intelligent Trading Platform
Tradespoon, an affordable and user-friendly Trade Intelligence Platform, helps self-directed investors evaluate securities and uncover the most profitable opportunities in the market. Since 2012 Velvetech has successfully partnered with Tradespoon to develop, maintain, and enhance software tools available to Tradespoon members.
10+
Years of continuous platform development and enhancement
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Investment Management Platform Development
Supervest involved Velvetech in its software development project to build a cloud platform to manage MCA, an alternative to traditional banking loans. The SaaS product we built comprises web and mobile applications to match investors, MCA funding companies, and merchants who seek loans.
16 months
From legacy module to fully independent SaaS investment platform
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High-Frequency Trading Platform Development
Velvetech helps the client design and implement an FPGA-based solution to support high-frequency trading. That included prototyping, UI and backend development, and FPGA hardware engineering to execute trading scenarios within nanoseconds.
Nanoseconds
Trade execution latency achieved via FPGA hardware acceleration
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Online Brokerage Platform
Our team assisted a company with the delivery of new functionality for their online platform. Leveraging our experience in custom software development, we overhauled the trading solution and implemented the features to improve the system’s efficiency for investors and traders.
100%
Elimination of manual cash request processing through end-to-end automation
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Contact Center Solution Setup while Switching to a New CRM
Velvetech supported a business funding company by implementing a customized Contact Center Product Suite. This digital solution facilitated the company’s services, enabling the team to work in a consolidated manner and increasing sales process efficiency.
6 months
Full CRM migration and contact center deployment for an active sales team
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CRM System Implementation for Financial Service Provider
Velvetech helped a FinTech company streamline its financial services by implementing and integrating new CRM software with other business systems. As a result, the Client improved customer interactions and enhanced transparency of business processes.
360°
Customer data visibility achieved across sales, support, and marketing teams
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Testimonials

What Our Clients Say

Our company was introduced through a mutual friend to Velvetech over a decade ago, initially to help us with a website. It soon became apparent after meeting the management team in Chicago that this company had much more to offer. Over the decade dealing with Velvetech, we have worked together to create a full line of products, including GPS, internet, Sim card communication M2M technology and in every instance, we have found the management and developers at Velvetech to be exemplary. The most impressive aspect is the full understanding of our end goal and the initiative approach to fulfilling our objectives. The questions asked are spot on, the knowledge displayed for almost any application is remarkable. We have probably developed at least 15 new projects using Velvetech and they have been on time and on budget in every case. I would recommend Velvetech to anyone looking for a NEW approach and innovative ideas for developing new products or expanding business exposure.

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Velvetech recently assisted Healix with the software development and release of our online ordering system. The Velvetech team was focused and professional, consistently ensuring on time deliverables, which is crucial in our healthcare business. Velvetech provides professional service and an excellent customer experience. We gladly recommend their services.

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They’ve made a significant improvement in our peace of mind in terms of IT support. There’s not been one technology-related problem or issue that Velvetech hasn’t been able to solve. We’ve worked with a lot of tech firms over the years that were never able to figure things out. Velvetech is able to figure out every issue we face, which is excellent.

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Accelerate your FinTech initiative!

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Our Clients are the Finalists of Benzinga Global Fintech Awards

CEO Credits His Success to Tech Innovation

Watch as CEO Ted Devine of Insureon, named Inc. 500’s #1 fastest growing insurance company, details how a trusted tech partner and a solid strategy shot his business past the competition.

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WE SERVE YOUR BUSINESS

Delivering Value for Your Financial Sector

Credit Unions

We build advanced financial software solutions for seamless operations, better customer experience, and robust security and regulatory compliance.

Investment and Asset Management Firms

With real-time data analytics, AI-driven portfolio management, and risk assessment tools, we help optimize investment strategies and maximize returns.

Fintech Startups

Design innovative fintech solutions backed up with scalable and flexible tech stacks that enable rapid product development and seamless integrations.

Stock Exchanges and Brokers

We’ll help you ensure efficient market operations that incorporate real-time data processing, HFT capabilities, and stringent regulatory compliance.

Wealth Management Firms

Enhance services like personalized financial, estate, and tax planning, investment advice, or legal assistance by turning to our experts.

Credit Card Issuers & Payment Processors

Fraud prevention, authorization and settlement processing, transaction security — all of that and more is available with comprehensive software.

Consumer Finance Companies

Our developers help alternative lending businesses like P2P and traditional consumer credit providers address their needs and services through software development.

Regulatory and Compliance Bodies

We follow the changes in financial regulations and provide technology solutions for automated compliance monitoring, reporting, and risk management.

Delivering Value for Your Financial Sector
Do you offer post-launch support and maintenance?

Yes. We provide continuous support after launch, including bug fixes, security updates, performance optimization, and feature enhancements. Our goal is to keep your financial software product secure, compliant, and scalable as your needs change and your business grows.

REGULATORY COMPLIANCE

We Know Financial Technology Regulations and Standards

AML/KYC
OFAC
SOX
DFA
PCI DSS
SEC
GDPR
NYDFS
FINRA
GLBA
IFRS
CFPB
FDIC
OCC
FTC
CFTC
FinCEN
OWASP

We’re here to drive the secure development of financial tech solutions

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OUR PROFICIENCY

Finance Software for Trailblazers

Blockchain & Cryptocurrency

Cryptocurrency exchanges, blockchain infrastructures and apps, digital wallets, and more — distributed ledger technology and smart contracts come to the rescue.

FPGA-Based Hardware Acceleration

With a combination of low-latency networks, high-performance computers, and FPGA hardware acceleration, you can complete trades in nanoseconds.

ML & AI-Based Financial Software

We help financial firms use predictive analytics software and data science to manage market data flow, validate the accuracy of high-frequency trades, automate KYC procedures, etc.

Internet of Things

Empowered by IoT technology, smart sensors, generating and exchanging data bits within big data platforms, allow us to develop better risk management and trading solutions.

Mobile Financial Apps

Our experience encompasses a wide range of mobile solutions for fintech: from mobile lending to investment advising apps with a social networking component.

Intelligent CRM Systems

Our financial software developers apply speech recognition, AI-powered communications, and other smart technologies and integrations to customize your CRM.

GenAI and RPA Tools

We harness GenAI solutions and leverage RPA to automate repetitive tasks and complex decision-making processes for our fintech clients who want to reduce manual effort

Cloud Technology

Innovate rapidly and achieve maximum flexibility with cloud solutions that offer scalable resources, enhanced security, and improved accessibility to your assets.

Financial Data & Analytics

We incorporate quantitative analysis, BI tools, and predictive analytics to build effective data models and boost your capability to manage data-driven processes.

PROJECT COST

Financial Software Development Cost

$30K-$100K

A straightforward financial application, like a personal budgeting app, with core features such as transaction tracking, basic integrations and reporting, and essential user interfaces.

$100K-$250K

A more complex financial system, for example, mid-sized business accounting software, that includes detailed analytics, multi-user support, custom integrations, and enhanced security.

$250K-$500K+

An advanced platform, such as an enterprise financial management system, that can feature AI-driven analytics, automated compliance, and advanced integration with third-party services and tools.

Request the cost of your solution

Our team will provide a detailed estimate according to your unique financial technology needs.

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How long does it take to develop a financial application?

The app’s complexity, features, and compliance needs define the development timeline. A basic MVP can be delivered in 3-6 months, while more advanced solutions may take longer. We offer phased development to accelerate time-to-market.

CHALLENGES TO ADDRESS

The Powers of FinTech Solutions

With the development of financial software, fintech businesses gain a number of benefits that help drive the industry forward. Depending on the goals and the technology leveraged, companies improve customer experience, mitigate cybersecurity risks, win the competition, and more.
Regulatory Compliance
Cybersecurity Threats
Technology Integration
Data Management and Privacy
Scalability
Customer Trust and Retention
Financial Inclusion
Operational Efficiency
Innovation and Competition
Market Volatility

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20+

With a long history of software development for finance and banking prior to establishing Velvetech, its founders gained extensive experience delivering solutions for this industry. Knowledge of the FinTech sector nuances and technology expertise allowed them to successfully implement projects for many clients and establish long-term partnerships with them.

Our developers continue to build custom applications that help organizations streamline operations and facilitate services. While outsourcing the design and delivery of their software, our clients — from trading and investment management companies to credit unions and other firms — acquire new tools to address their needs.

20+

FAQ

What types of financial software solutions can be developed?

The range covers the full spectrum of financial operations: from payment gateways, eWallets, and cross-border payment platforms to loan origination systems, credit scoring tools, and lending automation. We build software for investment management, support insurance operations, and design RegTech solutions for all verticals. If your financial business has a process that needs to run faster, smarter, or at scale, our custom software development is the right fit.

How can custom financial software improve business operations?

Off-the-shelf tools are built for the average use case, while custom software is built for yours. A tailored solution eliminates manual workarounds, automates high-volume workflows like payroll processing, invoicing, or loan management, and consolidates data from disparate systems into a single operational view. The result is fewer errors, faster cycle times, and the kind of process visibility that informs better business decisions.

What features should modern financial software include?

At minimum: role-based access controls, end-to-end data encryption, real-time transaction monitoring, and audit logging. Beyond the security baseline, high-performing financial software should include automated reporting and analytics, seamless API connectivity to banking networks and third-party providers, multi-currency support where relevant, and configurable compliance workflows to track regulatory obligations.

For customer-facing applications, intuitive UX and mobile accessibility are now table stakes. For internal platforms, customizable dashboards and intelligent alerting matter just as much as raw functionality.

How do you ensure security and compliance in financial software development?

Our development process incorporates data encryption for both storage and transmission, identity and access management, and real-time fraud detection mechanisms. We design solutions to align with the requirements most relevant to your business, including Dodd-Frank, Sarbanes-Oxley, PCI DSS, and KYC/AML standards. We also implement comprehensive audit and reporting capabilities so your team can demonstrate compliance and respond to regulatory inquiries with confidence.

Can financial software support real-time reporting and analytics?

Yes. For most financial operations, real-time data access is no longer optional. We build reporting and analytics capabilities directly into the platform architecture, enabling continuous transaction monitoring, live portfolio tracking, dynamic risk dashboards, and on-demand financial reporting.

Whether you need operational intelligence at the transaction level or strategic visibility across the business, the system is designed to surface the right data at the right time. This is particularly critical for trading platforms, fraud detection systems, and compliance reporting, where latency in data has direct operational consequences.

How do AI and automation improve financial software solutions?

AI and automation address the two biggest constraints in financial operations: speed and accuracy at scale. Machine learning models power credit scoring and risk assessment, enabling faster underwriting decisions with greater precision. With automated workflows, you can eliminate manual touchpoints across loan origination, claims processing, payroll, and compliance monitoring. Robo-advisory algorithms deliver personalized investment recommendations continuously, without the overhead of human intervention at each step. Finally, fraud detection systems that use behavioral pattern recognition flag anomalies in real time.

The practical effect is that your teams can operate at higher volume with lower error rates, so you can redirect skilled staff toward work that requires judgment rather than repetition.

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We’ll schedule a call to dive deeper into your vision and share our initial thoughts.

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