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Our Mission

Driving Project Success No Matter What

Delivering Accurate, High-Value Financial IT Solutions No Matter What

 

ScienceSoft delivers financial IT solutions that outperform competitors in logic accuracy, no matter the challenges posed by evolving customer expectations, changing regulations, or legacy system constraints.

We do not settle for merely delivering a working solution on time and within budget. Thanks to our mature project and quality management practices, we ensure our clients receive high-quality software that drives measurable improvements in customer and employee experiences.

Our mission is supported by the ethical conduct we maintain in relation to our clients, business partners, and within the company.

Turning Obstacles Into Successes: Our Featured Financial Software Projects

Challenging projects test our expertise, but they also define our ability to deliver successful BFSI solutions. Here are a few cases we are particularly proud of:

Retaining the Accuracy of Underwriting Software Logic During a Major Revamp

Challenge

A global insurance carrier commissioned ScienceSoft to upgrade its 20-year-old underwriting software for aviation insurance. The system had intricate logic and scarce documentation, which complicated its revamp. The carrier wanted to streamline system maintenance and enhance the underwriter experience while avoiding any errors.

Our solution

Our solution

ScienceSoft audited the underwriting system, restored the technical documents, rearchitected the software, refactored the legacy code, and developed new underwriting features. Opting for Agile performance and functional testing helped us speed up the revamp while guaranteeing the high quality of deliverables. Continuous regression testing ensured that the new and changed code pieces didn’t break the existing underwriting logic and the system’s backward compatibility. With a high-performing solution built on the modern tech stack, the carrier managed to reduce IT maintenance costs and increase underwriter satisfaction.

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Getting a Multi-Vendor DWH Development Project Back on Track

Challenge

One of the world’s leading stock market regulators commissioned two subcontractors to develop its data analytics solution. The communication and knowledge sharing among the vendors’ 30+ stakeholders was poorly organized and slowed down the project. Additionally, the vendors didn’t have structured workflows for processing change requests, which ultimately resulted in scope creep. About 40% of the project’s duration was spent on communication alone.

Our solution

Our solution

ScienceSoft helped the institution formalize requirements gathering and change processing. We reorganized the development teams into 10 smaller, more manageable units, established optimal meeting and reporting schedules, and set up a shared knowledge repository to enhance progress visibility. Thanks to our assistance, the client eliminated redundant communication, accelerated development, and took the project scope back under control.

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Applying Proprietary QA Best Practices to Deliver Flawless and Secure Investment DMS

Challenge

A North American investment company engaged ScienceSoft to replace its legacy document management system (DMS) with a new cloud solution for collaborative document management. Any minor logic flaw or security vulnerability in the DMS would expose the client to risks of data breaches, which was unacceptable.

Our solution

Our solution

ScienceSoft offered to automate document management workflows and add advanced security features to protect the data. Our architect created a secure DMS architecture and tech stack that best fit the client’s case. Following secure coding standards like OWASP ASVS helped our engineers eliminate DMS vulnerability risks at the code level. The QA team ran functional and security testing in parallel with coding so that developers could quickly fix the identified issues. Thanks to the robust quality management practices applied by the project team, the client received a high-quality DMS that ensured safe multi-party document creation.

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Rescuing Insurance Software Revamp From Prior Vendor Missteps

Challenge

A property insurance brokerage reached out to the original developer of its custom insurance system for urgent software bug fixing and revamp. The software had incomplete documentation, and the development company neglected communication with the client, which hampered the project pace. Plus, changes were deployed and tested directly in the production environment, so the unfixed defects immediately disrupted operational flows.

Our solution

Our solution

In just a week, ScienceSoft audited the client’s legacy software and created a plan for a smooth revamp, including rearchitecting and refactoring guidelines. Additionally, we analyzed the existing project workflows, identified bottlenecks, and helped the company implement standardized practices for software documentation, reporting, communication, and change management. The company got a clear picture of the software issues and could start the fixes promptly and with minimal risks. Our advice on the optimal tech stack and team composition helped the Client reduce project costs and speed up system revamp.

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Creating Complex Loan Management Solution With Convenient UX

Challenge

A US-based consumer lender hired ScienceSoft to develop its custom loan management system. The company wanted its solution to provide comprehensive features for borrower self-service, loan origination and servicing, and credit reporting. At the same time, our client wanted to make the software convenient for employees to ensure high user adoption.

Our solution

Our solution

ScienceSoft created the loan management system that simulated the features, UX, and UI of the client’s previously used lending tool. This approach prevented drastic changes to our client’s established workflows and ensured a smooth transition to the new software for lending teams and borrowers. We engineered custom logic for automated loan application processing, underwriting, document management, debt collection, and credit reporting. Prior to launch, we submitted the role-specific lending apps for user acceptance testing on the client’s side to make the necessary tweaks before the system went live.

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Fixing a Disorganized Mobile Banking Development Process

Challenge

A large commercial bank relied on its in-house IT team to maintain its mobile banking apps. However, the growing complexity of the bank’s servicing infrastructure and miscommunication between the IT and business teams disrupted the evolution of mobile banking features. This inflated the bank’s IT costs, while delayed releases hampered customer experience.

Our solution

Our solution

ScienceSoft’s project manager took over the coordination and supervision of the bank’s mobile development processes. Our PM analyzed the development team’s composition and operations, pointed out resource optimization opportunities, and suggested development process improvements. With his assistance, the bank adopted best practices in cross-team and cross-departmental communication and established effective Agile collaboration among the app maintenance stakeholders. These improvements helped the bank to prevent development bottlenecks, optimize IT expenses, and secure high customer engagement with its mobile banking apps.

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At ScienceSoft, we take pride in our “Can do” culture, believing that exceptional results are achievable even in the most challenging conditions. Complexity doesn’t intimidate us — it inspires us to innovate and improve. By combining tech expertise with strategic, result-oriented project management, we help our clients succeed where others see only obstacles.

Nick Kurayev, CEO at ScienceSoft

   

ScienceSoft’s Practices to Lead Financial Software Projects to Success

Curious how we rise to the challenge in intricate financial software endeavors? Click on the cards below to explore the project management and development practices we apply to drive tangible results for our BFSI clients.

What Our BFSI Clients Appreciate About ScienceSoft's Approach

What stood out was ScienceSoft's proactive suggestions for cost-saving architecture design and tech stack solutions. Their input ensured we stayed within budget without compromising on software quality.

The guys really cared about the online payment solution they developed for my company and weren’t happy until they had it perfect. They asked the right questions and looked for ways to improve my idea.

We are impressed with ScienceSoft’s pragmatic project management, quality-first mindset, and transparent communication. They are strongly motivated to deliver maximum value with their services.

ScienceSoft Named as One of America’s 300 Most Reliable Companies by Newsweek and Statista

Since its inception in 1989, ScienceSoft has become a trusted partner to over 1,200 clients, completing more than 4,000 IT projects across 30+ industries. The prestigious recognition by Newsweek and Statista places us among the top 300 US companies celebrated for delivering consistently high value to their clients. ScienceSoft earned its place alongside esteemed industry leaders such as Microsoft, Adobe, and IBM, surpassing Apple, Canon, and Johnson & Johnson