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Top Fintech App Development Companies

Alex Saiko
·
September 8, 2024

In 2024, the fintech industry is still changing and innovating the ways businesses and customers’ using financial services. Ranging from banking software development and digital banking applications to decentralized technological systems, such as the blockchain, the future of fintech is evolving drastically. Standing at the center of this metamorphosis are the fintech app development companies that provide enterprise-level, secure, scalable, and visually appealing fintech solutions for any type and size of businesses.

Top fintech software development companies.

This has made Europe one of the world’s innovation centers for fintech, with many fintech app development companies in that region. Whether you are a start-up company that wants to introduce the updated version of a digital wallet or an industry giant that needs to transfer to a new technological level, cooperation with the right fintech app development company can be the basis for success. Thus, in this article, we are going to unveil the list of the top 10 fintech app development companies in Europe of 2024, which are to be identified based on the rates of their ratings, the number of successfully completed projects, the technical achievements, and unique solutions offered by each company.

These companies are leading the way to design and develop digital products that make the financial market productive, secure, and responsive to high regulation standards and consumer-based experiences. Now, let’s look more closely at the leaders of the European fintech market and how they could contribute to the further development of fintech for your business.

What Is Fintech App Development?

Fintech app development means the creation, planning, and implementation as well as sustaining the applications that support the financial sector. They are intended for various uses in the financial industry, intersection with mobile banking and payment systems, as well as investment and blockchain applications. The aim of the fintech app development companies is to build accessible, effective, and secure solutions that can be used to improve consumers’ and businesses’ financial activities.

According to Custom Market Insights (CMI), the fintech technologies market size was estimated at USD 215.3 billion in 2022 and is expected to hit around USD 751.5 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2032.

Today, a number of applications in finance have turned into necessities for operating with financial innovations, helping companies to cut expenses and provide clients with efficient service. The creation of fintech apps can involve the use of such advanced systems as artificial intelligence, machine learning, blockchain, and big data to guarantee that the app is in a position to deal with large volumes of trade without any problems. According to the purpose of providing novel financial services, fintech apps are not only restructuring the conventional banking sectors but also are extending opportunities to users and companies to avail facilities through the financial world in a more convenient way.

Services Fintech App Development Companies Can Offer

There are various fintech app development companies in the market that are capable of providing all kinds of services to businesses related to the financial industry depending on their requirements. These services can be broken down into several key areas:

Services fintech app development companies.

Custom Mobile and Web Applications

Fintech app development companies build applications in the context of mobile banking, digital wallets, investments, and others. These are applications that furnish users with the power and ease of transferring, performing, and accessing financial transactions.

Blockchain Solutions

Blockchain technology provides more transparency, better security, and faster solutions. Some fintech app development companies create blockchain-based applications for decentralized finance, or DeFi, cryptocurrency wallets and clients, smart contract management systems, and much more, letting companies reap the benefits of distributed ledgers.

Payment Gateway Integration

The acceptable and safe means of payment is the core of any fintech application. Payment systems are technically incorporated to support a wide variety of payment types, including credit cards and those of modern digital wallets, so that both the seller and the buyer can securely and conveniently pay for the purchases.

Application of AI & Machine Learning

Fintech applications use AI/ML technologies in such areas as fraud prevention, customer interactions, and predictive modeling. These technologies improve security, a workflow process, and the experience of the user.

Digital Lending Platforms

Fintech app development companies build technologies for lending that make loans more accessible, can analyze credit risk more effectively, and grant credit services for both individuals and companies.

Regulatory Compliance Solutions

Most of the financial regulations are very vital and must be followed by any given fintech application. There are some fintech app development companies that are involved in the risk assessment and implementation of compliance services to follow guidelines like GDPR, PSD2, and AML regulations.

Through such activities, fintech app development companies enable enterprises to design technologically sound, robust, and new-generation financial solutions that meet the requirements of the contemporary financial landscape.

Top 10 Fintech App Development Companies

1. Idealogic

Year established: 2016

Clutch rating: 4.9

Services: fintech app development, blockchain solutions, custom software development, web and mobile development, IT consulting, cloud solutions.

Top 10 Fintech app vevelopment companies.

Idealogic is still a relatively young company, but given its establishment in 2016, the company has become one of the well-known fintech app development companies in Europe. Having a strong focus on such segments as blockchain and AI/ML, Idealogic has been working with large financial businesses and emerging startups to integrate them into DeFi solutions. Their innovations in the financial technology market include secure yet scalable digital wallets with allied payment modes and technology-based lending that aligns with the global regulatory norms. They are proficient in financial and banking software development, digital banking, and cryptocurrency development.

Thus, the company’s approach to fintech is quite unconventional but also efficient in terms of providing tangible value to their clients. The experience of creating blockchain-based applications has placed them among the leading fintech developers in Europe. Having received the trust of Clutch and being named the best fintech and blockchain developer, Idealogic stays at the forefront of the financial technology industry and experiments more every day.

2. Netguru

Year established: 2008

Clutch rating: 4.8

Since its inception in 2008, Netguru is now one of the most prominent fintech app development companies that has made great achievements. Currently, Netguru has a team of over 600 employees that operates in more than 50 countries. It designs and develops more than seven hundred of them in different sectors, and fintech is one of them. This is centered on designing secure apps and web based fintech solutions that are in demand in the financial sector.They have worked with some of the biggest companies in the world, such as Volkswagen and IKEA, which makes them one of the favored partners to turn to for fintech solutions.

Apparently, Netguru’s predispositions refer to innovation as they implement modern technologies, such as Node.js, React, and Ruby on Rails. This fintech app development company also cares for sustainable development and social responsibility. It contributes to open-source projects most of the time. 

Once again, in 2023, Netguru has reached the list of Europe’s most growing fintech app development companies as ranked by the Financial Times, the third time in a row.

3. Eleks

Year established: 1991

Clutch rating: 4.8

Eleks has been in the market since 1991, and as a company with a wealth of experience in fintech application development, it has a portfolio that includes custom software application development as well as complex blockchain systems. This fintech app development company, with its team of over two thousand specialists, has been the primary contributor of digital solutions for some of the biggest companies in Europe. They embrace all from the payment solutions to the statistical center financial software, all arranged with a view to the future.

Hence, Eleks especially excels in engaging with large enterprise clients, offering them contemporary financial platforms with the capacity to process millions of transactions on a daily basis. It was awarded membership in the IAOP Global Outsourcing 100 list and has a rather rich experience in the sphere of outsourcing and clients’ satisfaction. Due to their emphasis on AI and ML technologies, they are in a position as one of the forefronts of fintech disruption.

4. Futurice

Year established: 2000

Futurice was founded in 2000 and, as a creative digital transformation company, it also has a solid background in fintech. This fintech app development company has earned the reputation of creating very engaging applications that adopt various new concepts, such as AI, cloud, and blockchain, among others. Futurice emphasizes UX, which makes these fintech products not just useful tools, but also the applications people feel interested in using.

Futurice, founded in Helsinki with other offices in Europe, has over the years been recognized as one of the best fintech app development companies in Europe. The flexible and customer-oriented approach is one of the levels they apply and serve banking and insurance clients. Futurice has a flexible working model yet it still maintains the speed and effectiveness of its deliveries.

5. Softermii

Year established: 2014

Clutch rating: 4.9

While Softermii is a comparatively new firm, founded in 2014, it has managed to climb to the list of the leading European fintech app development companies. Thanks to such technologies as blockchain and AI, as well as Swift and Kotlin, their work guarantees high-performing financial applications for startups and well-established enterprises. Due to its high concern with security and compliance in fintech, Softermii is a leader in helping companies release payment processing, electronic wallets, or decentralized finance platforms.

The uniqueness of Softermii lies in their ability to work closely with clients and being very flexible. They are outstanding in coming up with a solution that fits the project perfectly and demonstrates the true nature of the business. In 2024, they were awarded as the Top App Development Companies by Clutch, which proved that this fintech app development company was the best in the field of fintech.

6. Miquido

Year established: 2011

Clutch rating: 4.9

Anticipating its clients’ requirements, Miquido has established itself as a data-driven fintech app development company. Founded in 2011, the company has been focusing on deploying artificial intelligence in the financial sphere to improve user experience and the financial operations of organizations. Keeping AI, machine learning, and analytics at its core, Miquido’s fintech solutions are technically correct as well as visually appealing.

Some of the fintech apps developed by Miquido include dealing with some of the largest in the finance sector, including Santander. Their win at the Mobile Trends Awards and continued dedication towards creating top-notch apps made them one of the best fintech app development companies in Europe. 

7. N-iX

Year established: 2002

Clutch rating: 4.8

Having started its operations more than two decades ago, N-iX has grown to be a prominent fintech app development company, mostly offering services in the fintech industry. These include mobile and web applications, blockchain solutions, and IT consulting services. Their expertise areas contain payment systems, insurance solutions, and financial data processing. N-iX is the preferred solution provider for companies looking to meet some of the highest international standards.

The firms’ 1,500 employees have worked on projects for companies that range from Fortune 500 enterprises to small startups, pursuing goals that entail optimizing their financial activities and transitioning to digital environments. Year after year, N-iX is listed among Clutch Global Leaders, which indicates its capability of completing intricate fintech projects in terms of both time and cost.

8. AND Digital

Year established: 2014

Clutch rating: 4.7

AND Digital is not a run-of-the mill fintech app development company. The company was established in 2014, and since then, it values creativity and people-centric ideas through its digitization process. Focused on assisting banking and finance companies in updating old architectures, London-based AND Digital creates typeahead mobile apps that are adaptable, swift, secure, and easy to use. With a presence in 18 different locations in Europe, this fintech app development company has all the resources and talents to take on even the most complicated issues in fintech.

It means that they are able to provide fully functional solutions comparatively fast, while at the same time preserving the high quality of the delivered work as well as all the necessary compliance. Because of this ability, this fintech app development company has secured partnerships with some of the biggest global financial institutions and is a finalist at the UK Tech Awards. No matter it is the cloud integration services or the fintech app modernization solutions, AND Digital is the right team partner for any innovative financial services.

9. Intellectsoft

Year established: 2007

Clutch rating: 4.9

Intellectsoft has been providing custom software development services for more than 15 years, while fintech has become its dominant specialization over the past few years. Its solutions cover banks, insurance firms, and other financial institutions with the need for personalized fintech applications. They may include advanced technology concepts, such as artificial intelligence, machine learning, and blockchain, among others. The fintech apps developed by Intellectsoft are designed for processing large volumes of financial transactions with references to international standards of security.

Financial industry giants have been working for many years with innovations developed by Intellectsoft. This fintech app development company is a powerful Clutch award winner. Hence, the company’s concentration on personalized and premium security makes them an ideal partner for the businesses that seek to build amazing financial products.

10. Ciklum

Year established: 2002

Clutch rating: 4.8

Ciklum is a giant in the IT and fintech development industry with more than 3,500 employees. This fintech app development company has been working on fintech projects for some of Europe’s major financial institutions. They provide the spectrum of fintech app development to large-scale digital transformation, specifically specializing in secure, scalable fiat and emerging fintech applications. The company specializes in blockchain, AI, and data analytics fields. They are able to assist clients in enhancing their payments system as well as developing risk management tools.

Ciklum has a diverse portfolio of clients from different countries. They hold vast technical experience to design a rock-solid fintech platform capable of managing millions of transactions on a daily basis. In 2023, they were named as Forbes Best Outsourcing Company, which proved the fact that it is a leading fintech app development company in Europe.

Idealogic—Your Personal Assistant in the World of Fintech App Development

Fintech is a rapidly developing industry, and at Idealogic, we are your strategic ally that can help to turn your ideas into an innovative financial product!

Having years of experience in fintech app development, Idealogic offers solutions that come with the utmost security and compliance with necessary regulations, as well as the ease of user interface. Custom mobile banking app, a blockchain-based payment platform, AI-driven analytics—we bridge innovation with expertise and deliver powerful solutions that help your business and raise your audience.

Idealogic is proud to offer our customized solutions that help you to address your unique requirements so that every facet of your fintech product is aligned for success. We are your partners from the time you have an idea to implement it all the way through to the product launch and beyond. 

By being ready to turn your visions to reality, what challenges have you experienced while developing your fintech app? Now, when you have seen just how we provided such a result for our previous financial clients, it is the perfect time for you to partner with us at Idealogic to work on the next global leap in financial technology.

Contact us right now or book a quick free call with our CTO to achieve amazing results in the fintech industry and be ahead of your competitors!

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