Go to ScienceSoft Global
We offer full-cycle IT consulting and custom software development to help BFSI companies transform operations and unlock growth opportunities. We prioritize data security and regulatory compliance throughout the financial software implementation journey.
Financial IT Services and Solutions
Since 2005, ScienceSoft has been an end-to-end technology partner for companies from the finance sector, helping them smoothly digitalize their business operations and deliver top-of-the-line customer experience despite time and budget constraints and changing requirements.
About ScienceSoft
Companies That Trust Us
One Partner to Meet Any of Your Financial IT Needs
Financial IT services are aimed to help BFSI companies create and operate tailored digital solutions smoothly, cost-effectively, and with minimal effort. Addressing these aspects, ScienceSoft offers all-encompassing services â from consulting and software development to cybersecurity and IT support.
Financial software consulting
We design robust solutions tailored to your needs and deliver a detailed project plan for predictable implementation. For financial products specifically, we assist in idea productization, CX strategy creation, and market entry planning.
Software modernization
We upgrade your existing software to help you get a modern solution at an optimal cost and with minimal disruption to business workflows.
Managed financial IT services
We monitor, troubleshoot, and upgrade all components of your financial IT infrastructure and apps to keep them stable, cost-effective, and relevant to your needs. Our teams adapt to your time zones and business hours.
Quality assurance and testing
We offer versatile QA services to ensure top-notch quality of financial IT systems.
Financial IT security
We help protect your software and IT infrastructure from emerging cyber threats and guarantee 100% compliance with the required regulatory frameworks.
Financial data analytics and BI
We build reliable, user-friendly apps and scalable data management infrastructures to help companies automate financial analytics and obtain clear, easy-to-navigate reports.
Who We Serve
Banks
Insurance companies
Lending companies
Payment service providers
Investment companies
Fintech startups
DeFi companies
Financial software product companies
What Our Clients Say
We aimed to enhance our web platform and create a mobile app to facilitate POS financing. ScienceSoft offered the needed skills in back-end and front-end development, quality assurance, and Scrum management. Thanks to ScienceSoft, we achieved our project goals on time and within budget. They provided high-quality service and valuable tech insights that aligned well with our vision and specific needs.
ScienceSoft demonstrated a deep understanding of our requirements, and their developers needed minimal supervision. 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.
Since the start of our cooperation in 2016, ScienceSoft has been a reliable tech partner in our mobile banking development projects. We are impressed with their pragmatic project management, quality-first mindset, and transparent communication. ScienceSoftâs solution architects, developers, and QA engineers are true experts in their fields and have shown a deep understanding of the mobile banking specifics, which is critical for our business.
Partnering with ScienceSoft has been an excellent experience. Their team transformed our underwriting platform into a well-oiled machine. They identified and fixed several longstanding issues that had been causing us persistent difficulties. Their communication was exemplary; unlike our previous experiences with outsourcing, we never had to chase them for updates, and they were always prompt in responding to our queries.
ScienceSoft are true engineers who think long-term and propose strategic decisions instead of micro-fixes, and, what is equally important, they carry them out as planned. From network management to SharePoint farm integration to PKI rollouts, I know I can count on them to get the job done and keep everything in order.
ScienceSoft USA Corporation Is a 3-Year Champion in the Financial Times Rating
Three years in a row (2022â2024), the Financial Times has included ScienceSoft USA Corporation in the list of 500 fastest-growing American companies. This is the result of our dedication to driving project success despite any constraints and disruptions.
What Makes ScienceSoft a Reliable Financial IT Partner
- Since 2005 in financial service software development and fintech.
- Since 2007 in managed IT services for the financial sector.
- Since 2003 in cybersecurity to guarantee full protection of financial IT solutions.
- Since 1989 in data analytics and AI to deliver robust financial analytics solutions.
- In-house compliance experts to ensure financial software compliance with PCI DSS, GLBA, SEC, SOX, NYDFS, GDPR, and more.
Our Partnerships and Awards
Financial Services and Solutions We Specialize In
Software for financial operations
Here are some examples of BFSI-specific process management and automation solutions we deliver:
Underwriting automation systems
Insurance claims processing systems
Policy administration systems
Actuarial software
Loan management software
Mortgage automation systems
Debt collection systems
Treasury software
Payment gateways
Payment orchestration software
Investment portfolio management software
Investment platforms
Software for general business administration
Data analytics solutions
Driving the Success of Your Financial IT Endeavor No Matter What
With an overarching mission to achieve BFSI project goals, we use our proven project management practices to effectively plan against time and budget constraints, agilely adapt to feasible changes, and pragmatically address risks. Our approach ensures:
Controllability
- Composing a tailored set of KPIs to measure project success.
- Setting up a sustainable risk control framework.
- Regular reporting on the project health and software quality.
- Documenting project decisions and consistently sharing the documents with the clientâs team.
Flexibility
- Analyzing change requests and quickly implementing viable changes to maximize solution longevity.
- Tuning the collaboration forms and pace to drive effective communication between team members and with client stakeholders.
- Rapid team up- and downscaling to optimize expenses.
Reliable Techs & Tools We Use in Financial IT Projects
Frequently Asked Questions about IT Services for Finance
What are ScienceSoftâs cooperation models for financial IT projects?
Depending on the clientâs needs, ScienceSoft can provide full outsourcing of a financial software initiative, a dedicated team to take over a part of the tasks, or staff augmentation with our best talents. Check the detailed comparison table composed by our consultants to grasp the specifics of each sourcing option.
How do you price your financial IT services?
ScienceSoft offers various pricing models (time and materials, fixed price, monthly subscription fee, per-ticket fee, hybrid, etc.), picking the fair one for each particular engagement.
How much would a specific service (e.g., development, QA, support) cost?
To obtain a free ballpark estimate, visit our dedicated page, where youâll find self-service cost configurators for our most demanded financial solutions and services.
If youâd like to request a tailored quote directly, feel free to reach out to our team via live chat, email, phone, or the contact form.
How do I know ScienceSoftâs services will be cost-effective for my case?
We analyze the as-is state of your financial IT endeavor and evaluate its cost improvement potential, e.g., via comparing the TCO of your tasks performed in-house vs. by ScienceSoft or assessing the effectiveness of launching particular IT practices and tools.
As a rule, our best practices (resource selection and scaling, scope controls, Agile, DevOps, Integrated Manual and Automated Testing, risk mitigation, etc.) help our BFSI clients cut their current investments by over 2x.
How do you ensure high service quality?
To provide high-quality financial IT services, ScienceSoft maintains an ISO 9001-certified quality management system that rests on skilled and committed specialists, quality-centered leadership, transparent KPIs, collaborative decision-making, robust quality controls at each SDLC stage, and more.
When it comes to financial software quality, we apply accuracy-first design and development practices to build robust software with flawless automation logic.
What are your practices to guarantee BFSI software compliance?
ScienceSoft designs custom financial solutions with operational (e.g., SEC, NAIC, SOX, AML/CFT) and data privacy (PCI DSS, GDPR, NYDFS, CCPA, etc.) legal requirements in mind and ensures 95%+ test coverage for the coded compliance rules. If you are entering an emerging market, we investigate its finance regulations and determine the relevant compliance requirements to cover. We can also handle continuous compliance maintenance.
How does ScienceSoft handle client data and intellectual property?
With an ISO 27001-certified security management system, ScienceSoft relies on a mature security strategy, tried-and-true tools, and skilled security specialists to ensure robust protection of the clientâs digital assets we access.
Before our very first project discussion, we can sign a non-disclosure agreement (NDA) to legally protect your business data and innovative ideas. Moving forward, our Master Service Agreements (MSAs) guarantee that you retain legal ownership of the code created throughout our partnership.
How long would it take for ScienceSoft to start the cooperation?
We process your initial request within 24 hours and guarantee a cooperation start in 1â3 weeks, depending on the intended service scope, resource requirements, and your preferred collaboration pace.
