Top 5 financial software development companies in the USA

Due to the rapid development of online business around the world, which has become especially important in recent years, there is a need to develop software for accounting, planning, and controlling financial transactions. In this regard, more and more companies engaged in this type of activity appear on the market. The Top 5 financial software development companies in the USA are described in detail below with their main features and benefits.

Softjourn

Description: The official website of a large IT company founded in 2001 – http://softjourn.com/. From a small us-based company, the company has grown into a prominent IT enterprise with more than 300 employees and is located in 3 separate offices(4th to come soon). Softjourn is one of the few companies that develop financial software, payment processing, expense management system, and program managers for corporate prepaid card companies and other intelligent products covering many popular online business areas.

Features: as of 2022, the number of completed projects in the brand portfolio has exceeded 700 units, and the client base has expanded to thousands of customers. Softjourn offers customers both existing developments and the creation of a new project from scratch after brainstorming and analyzing the current market situation.

Advantages:

• Flexible approach to each client, horizontal management system, brainstorming, and the ability to make adjustments to the project at any stage of its development before implementation.
• Developed after-sales service and technical support service. To maintain the system and check its expected performance, and identify and promptly eliminate possible errors, a separate professional team of specialists is formed.
• Low prices compared to most competitors.
• Implementation of such innovative algorithms as payment gateways and artificial intelligence to scale the system into an intelligent financial product for a customer.
• The company’s engineers and programmers guarantee the highest level of axis-less development of the intellectual fintech product.

Prices: from 50 to 100 dollars per hour, depending on the complexity of the project, the time for its implementation, the content of the terms of reference from the customer, and the popularity of the business area for which the intellectual product is being developed.

Clarion Technologies

Description: one of the largest fintech companies in the US, which has more than 500 employees, has been operating in the IT services market since 2000, which is why it is a pioneer in the field of high computer technology. In more than 20 years of history, the in-house professionals of this dynamically developing company have successfully realized and implemented more than 1100 different projects for their customers from different business areas. The company employs engineers, programmers, web designers, managers, and world-class cybersecurity specialists.

Features: Clarion Technologies specializes in implementing decentralized security systems, multi-stage encryption of payment data, as well as artificial intelligence technology. One of the main clients of the developer is customers from the banking sector, as well as other financial and credit enterprises, who leave only the required reviews about the service.

Advantages:

• Clarion Technologies develops software for both PCs and various mobile devices.
• Rich work experience, extensive portfolio, and many time-tested developments.
• Constant monitoring of competitors’ markets and developing the proposed solutions in fintech IT products – the company is always trying to be one step ahead of its competitors.

Prices: $25 to $50 per hour, depending on how deep the product is, using old work or building software from scratch. This cost of services is one of the lowest prices on the market in the United States.

Miquido

Description: a relatively young but dynamically developing company in the IT fintech services market, which has existed only since 2011 but already has more than 250 full-time employees. Miquido offers all business owners in the banking sector unique mobile and online applications for end customers using financial services, which can reduce the number of offline offices and significantly increase the operating profit of the customer’s company.

Features: the company sets itself the main goal – to offer customers a product that can develop in the long term along with the growth of the financial market. The architecture of all applications is built based on decentralized technologies and AI, which allows you to scale functions and capabilities without adjusting and rewriting the main program code. This leads to savings for the business owner and the rapid development of any financial company.

Advantages:

• One of the best offers for organizing mobile banking on the market.
• A large number of developments in the field of artificial intelligence.
• Encryption of user data, creation of payment algorithms, and increased attention to the highest level of cyber security significantly increase the rating of a banking institution.
• The finished intellectual product, regardless of its category, is based on taking into account the milestones of the consumer’s wishes and fully complies with the terms of reference. As a result, the customer gets exactly the financial software he needs.
• Analysis of the competitive market to form the most advantageous offer for each customer.

Prices: from 50 to 100 dollars per hour. Before calculating the price, a detailed estimate is drawn up, after which individual positions in it are agreed upon with the customer, and the total cost of the contract is formed.

Inoxoft

Description: also a young company on the market, founded in 2014 from a small start-up with about 150 employees, offers services to credit institutions in digitizing systems for servicing customers, automating the management of depositors’ assets, and better control of loans issued to the population.

Features: the company equally effectively serves individuals and start-ups by providing intelligent software products for financial services and large banking institutions.

Advantages:

• Inoxoft develops software regarding the customer’s business plan, ensuring the inevitable growth of his company, profits, and a quick return on payback.
• Constant modernization of the algorithm and digital codes, flow charts of customer interaction, and many previously developed templates.
• If necessary, a team of professionals, consisting only of full-time specialists with the highest level of qualification, will undertake the individual development of a new project from scratch.
• Justification of the investment proposed by the developer for the customer in the creation or modernization of financial software, calculation of a detailed estimate with proof of the objectivity of each item.
• High-quality service online and offline support for all customers after the product’s development, implementation, and commissioning, correcting errors without increasing the contract cost.

Prices: from 50 to 100 dollars per hour for a comprehensive study of fintech software.

Django Stars

Description: An experienced company that has long been engaged in developing financial software for customers from various business areas, ranging from the banking and insurance sectors, arrogant in innovative technologies. The company has provided IT services to gas meters since 2009, has more than 80 full-time professionals, and offers after-sales service.

Features: brand orientation only on long-term relationships with the customer company, taking into account the consumer’s business plan when creating applications, accurate positioning, and task assessment, the ability to break down work into several stages, according to procedures, for funding from the customer.

Advantages:

• Full compliance of the result of software development with the requirements of the terms of reference.
• Flexible approach to each customer.
• Conduct periodic brainstorming sessions where each team member can offer their ideas.
• The ability to develop both full-size and mobile applications without reducing functionality.
• Formation of counter proposals for the customer after studying the terms of reference and introducing the rich experience of employees working on a new project.
• High speed of development, the possibility of the customer being present at all team briefings, and accepting proposals for a qualitative change in the product at any stage of its creation and implementation.

Prices: $26 to $50 per hour, based on existing software and portfolio codes.

All the companies listed above that develop financial software have been working in the IT services market for a long time and are included in the ratings of the most decent and efficient service providers in this area by reputable expert agencies and are also in great demand among various categories of customers – from individuals to owner’s big business. At the same time, before choosing the most suitable company for the customer’s requirements, it is recommended to compare them, get acquainted with the field of activity, and study the portfolio of completed projects.