Custom Banking and Finance Software Development - New Trends

The global economy is moving towards a new identity. In order to remain competitive and profitable, the banking and finance industries will need to adapt to a rapidly changing environment that will require cutting-edge banking and financial software development solutions. One of such changes is that it will no longer be sufficient to simply accept credit or debit cards and expect to satisfy consumer needs.

How to stay competitive?

Moving forward, the demand for mobile payment options will require retail and service providers to come up with this option or be left behind competitors who do. As mobile point of sales (mPOS) becomes more prevalent, the ability to provide this service will simply be a requirement for survival for every business entity. For instance, Starbucks processes more and more of its orders through mPOS, and launched a Mobile Order system that streamlines the mPOS process for its customers. Apple has also anticipated the move towards mobile payment, and has preloaded its IPhone with software that allows payment through stored information simply by waving the phone at a dedicated device. This is the future, and the industry must adapt.

"Facebook, Instagram and Pinterest have all unveiled Buy Buttons that allow their users to make purchases directly from the user’s page and staying within the application."

Follow the latest tech trends

Implementing operational and marketing changes is a daunting task for any business, doesn’t matter if it’s large or small. In order to take advantage of the emerging opportunities, banking and finance companies will need to stay abreast of current technology; no business entity can afford to ignore the necessity of doing so.

There is a growing trend towards contacting offshore partners to provide banking and financial software development. Outsourced banking software development can provide up to 60% savings when compared to domestic providers.

How we can help?

CyberCraft helps the banking and finance industries to meet any of their software development needs. By providing dedicated software development teams, we offer you productive cooperation with IT professionals.
Located in the IT hub of Lviv, Ukraine, CyberCraft provides customized services. Your team will be structured and maintained in our development center.


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CyberCraft - your trusted partner in software development

CyberCraft’s business model is the new industry standard that allows cost savings while providing cutting-edge banking software development, financial software development, and dedicated technical and human resource support. Our experience in sourcing dedicated IT teams across multiple industries provides flexibility and competence that cannot be found in traditional banking or financial software development companies.

+1 650 457 07 08 (US)
+380 63 99 11 633 (EU)
75a K.levitskogo
Lviv, Ukraine, 79017