Hire FinTech Software Developers
in Cambridge

Expert software developers for your FinTech business

TRUSTED BY LEADING COMPANIES

Leading FinTech Software Developers in Cambridge

SovTech is an award-winning custom software development company that offers end-to-end development of enterprise software, uniquely tailored to your industry. Our 10 years of engineering experience, along with over 150 tech professionals allows us to build you an expertly crafted bespoke software development. Hire our Software Developers, and let our expert development teams grow your business!

Why Hire Outsource Software Developers

Outsourcing your software development is a highly strategic business decision, and one that many of the biggest companies are starting to choose. The benefits of outsourcing are huge, and are applicable on all organisations, from smaller start-ups to massive enterprises. Driving down business costs, finding the right skillset, getting to market faster, and having more time to focus on other business goals are all reasons why more and more companies are choosing to hire outsourced development teams.

Why Hire Our FinTech Software Developers?

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Global Experience

With 10 years experience, SovTech are global leaders in software development. Our carefully selected FinTech software developers boast experience across a number of leading global tech stacks and industries, ensuring we deliver a wide range of software requirements with ease and speed. 

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High Productivity

Our FinTech software developers in adopt streamlined processes which yield highly efficient and dynamic development operations throughout the software development lifecycle.

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Autonomous Teams

We provide easily adaptable, self-managing development teams, giving you the opportunity to focus on your business objectives while we build seamless software that aligns with your unique business requirements. 

Give your Business the Competitive Advantage

Hire our FinTech software developers in Cambridge. Leverage their expertise. Go to market faster, scale faster and generate 10x more revenue!

Features

Product Roadmap

Upfront product roadmap. Iterate Design side before a single line of code is written

Features

Dedicated Team

Handcrafted team that provides agility to outmanoeuvre your competitors

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Save Time & Money

Zero recruitment effort and fees. No operational or office overheads

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Automated Reports

Receive reports on your teams output. We focus on performance so you can focus on your business

Software Developers Team Structure

Software Developer

A skilled FinTech software developer to write, debug and execute the source code of a software application.

Lead Engineer

Oversees software development and engineering to ensure a world-class standard of excellence.

Quality Assurance

Responsible for continuous auditing and analysing the software development cycle against deliverables.

Scrum Master

A dedicated facilitator for your agile scrum team. They manage the process for how information is exchanged.

Business Analyst

Analyses a business and documents its processes, assessing its model and integration with technology.

Product Owner

Responsible for operative tasks such as analysing data, preparing reports, tracking metrics and documentation.

Let's discuss how outsourcing our software developers can grow your business

Our Expertise

Mobile App Development

Our software developers have the perfect blend of aesthetic and technical skills to deliver sophisticated and user-centric mobile apps. Our development teams provide bespoke mobile app development services for both iOS and Android platforms.

Web Application Development

We are experts in both web frontend and backend. Our software development teams design, build and maintain the server, database and technology that powers the components which enable the user-facing side of your website to exist.

Software Maintenance & Support

Software needs continuous development and improvements. Our support and maintenance allows us to continuously improve your software every month.

Solution Research

Our solution architects will gather requirements and follow a process that ensures the ground is set for tailoring your software solution to your specific business needs.

Let's discuss how we can help start, run and grow your business

Some Of Our Software Developers Past Projects

Industries We Serve

FinTech

Sport

AgriTech

Retail

Legal Tech

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Clients Around The World
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Projects Delivered
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Lines Of Unique Code

Don't Just Take Our Word For It

Appreciation stories from existing customers of SovTech.

Hire Our Expert FinTech Software Developers in Cambridge

A 2020 Tech Nation report placed Cambridge, the county town of Cambridgeshire, England, in the top five tech hubs for VC investment in the UK in 2020. Cambridge is attracting more and more tech businesses and boasts a 60% year-on-year increase in terms of start-ups per thousand people, compared to the capital. Cambridge has thus been dubbed the UK’s next Silicon Valley. Driving Cambridge’s success in the tech world is the city’s specialism in biotechnology, with 46 biotechnology firms in the city. Cambridge Science Park is home to companies like Johnson Matthey and Astra Zeneca, who moved their global headquarters to Cambridge in 2016.

What is the FinTech Industry?

Financial Technology is derived from the terms “finance” and “technology,” and it integrates both of them to expand, automate, and disrupt conventional financial services via its innovative fintech products. This technology utilises software, algorithms, and applications to enhance and digitise the execution and usage of financial products and services. While Fintech technology was usually associated with computers, companies have developed technologies for both computers and mobiles, hence maximising returns from the growing smartphone industry. 

How Technology is Affecting the FinTech Industry

Nowadays, it is difficult to imagine the finance industry without the intervention of modern technology. Maintaining the social distancing protocols amidst the Covid-19 pandemic has also sped up the digitalization of the financial sector. India is considered one of the fastest-growing fintech markets on a global scale.

These recent technological innovations and growth in the fintech industry are accreditations to the government initiatives and the tech enthusiasts and startups coming up with innovative solutions to complex problems. Various innovations like mobile wallets, digitised money, paperless lending, and such others have sped up the growth of the fintech industry.

Technology Trends Shaping The FinTech Industry

Microservices have a considerable role to play in the successful evolution of the fintech industry. In fact, without them, the potential of the industry to disrupt the existing financial services players would have been constrained.

Microservices give fintechs the flexibility to develop innovative, groundbreaking banking technology and agility to adapt to changing circumstances and competitive forces.

Built on a one code basis, monolithic systems are developed as a single unit, and over time customised technology is added and integrated into the system to meet the changing needs of the company as and when they arise. Critical pieces of the technology platform are tightly coupled and highly interdependent, so it is difficult to change without affecting the entire architecture. Many traditional large financial services companies operate on monolithic systems, which means they cannot respond quickly to customer behaviour, preferences, and choices. 

Microservices offer a completely different technology proposition. They are independent applications developed, deployed, and maintained separately to deliver on specific business requirements. These microservices help solve common, complex issues like speed and scalability while also supporting continuous testing and continuous delivery.

From Robo-advisers to regulatory technology (Regtech), AI/ML-driven systems are enabling companies to put big data to effective use in monitoring customer behaviour and detecting anomalies and opportunities they can factor into their services and product offerings.

Whereas banks have traditionally relied on the scale of assets, the financial services players of the future, namely Fintech companies, will depend on the scale of data. Instead of treating customers as the masses, fintech companies will differentiate themselves by providing a highly personalised, customised service to their clients. All of this will be made possible by combining the best of technology and human skills in what Deloitte calls augmented performance versus dependence on human ingenuity.

The areas where AI/ML is becoming particularly prevalent is in the detection of fraud, banking chatbots, algorithmic trading, regulations and policy.

AI/ML is helping banks enormously in their anti-money laundering and terrorism financing efforts. The use of the technology is turning the tide on the huge, and mostly ineffective, investments they have been making into compliance departments to meet increasingly demanding regulatory requirements. The incorporation of AI/ML is expected to improve the return on investment in compliance departments and slow the annual growth in compliance expenses.

However, they warn that there may be potential pitfalls if organisations don’t manage the incorporation of AI/ML into their processes. These include bias in input data, process, and outcome when profiling customers and scoring credit, as well as due diligence risk in the supply chain, they note.

Decentralised Finance (DeFi) is experiencing exponential growth in recent years, highlighting how well-positioned this emerging technology is becoming to revolutionise the finance industry forever.

DeFi is finding favour because it operates outside the centralised regulatory financial structures, cuts out intermediaries and effectively democratises finance for the vast proportion of people who are currently not well serviced by the existing financial incumbents. As its name suggests, DeFi’s common goal is to decentralise financial services. It does so by removing bank, payment and investment intermediaries and replacing these with services that operate within the blockchain network.

Blockchain is a robust alternative base for this disruptive emerging financial ecosystem because it offers transparency and security, removing the reliance on doing business with trusted financial services companies, as in the past. Instead, transactions are facilitated by smart contracts and tokens, which effectively become the digital middlemen and allow individuals to transfer anything of value transparently.

Such has been the demand that, according to Ivan on Tech, the DeFi market has grown by almost 1,000% this year, from about $680 million at the beginning of 2020 to some $6.7 billion by August. Growth is picking up exponentially on a month-by-month basis, with the total value locked into the system almost doubling from $3.5 billion to $6.68 billion in July alone.

With cyber-security cited as one of the biggest challenges businesses will confront during the years ahead, predictive analytics is expected to play a central role in strengthening cybersecurity measures and preventing fraud.

Predictive analytics uses big data, algorithms, and machine learning to assess the likelihood of things happening in the future based on past behaviour. It’s a relatively new branch of data science. Still, it favours a wide range of applications – particularly in the fintech industry where technology facilitates cost-effective, efficient, and scalable outcomes.

In addition to combating fraud, predictive analytics prove valuable in improving customer experiences, identifying employees who are most likely to add value to organisations, and improving operational processes with the foresight offered by the analytics’s forward-looking nature.

When it comes to the customer, predictive analytics enables companies to monitor and measure customer behaviour both in their interactions with the company and across digital and social platforms. They can measure, for instance, average spend, purchasing patterns, loyalty, and customer feedback, and use this data to model customer behaviour and use the insights generated to enhance customer experiences, marketing strategies, and brand awareness.

Operational processes benefit from the ability of predictive analytics to engage in capacity modelling, process optimization and vendor risk management, according to a paper published by Protiviti, titled Innovation in Predictive Analytics. Making use of this technology enables managers to detect problems before they happen. Predictive analytics also plays a valuable role in the internal audit functions in a business, where surveillance tools can enhance the effectiveness of identifying causes for concern.

Our Software Developers are Full-Stack Development Experts

Full-stack software development is the development of both client-side and server-side of a software application. It combines both front-end and back-end development, producing the web face for users, as well as the server, database and technology that powers the components which enable the user-facing side of your app or web app to exist.

Our Software Developers Choose Agile Software Development

At SovTech, our developers use agile methodologies to produce software applications for clients. Agile development is centred round the idea of iterative development, where requirements and solutions evolve through collaboration between self-organizing cross-functional teams. Agile processes encourage frequent inspection and adaptation to allow for rapid delivery of the highest-quality software.

Our Tech Stack

Vue

Java

Angular

React Native

Bootstrap

Microsoft

React

Node.js

Python

PHP

What We Will Do For Your Business

We will walk the custom software development journey with you. We pride ourselves on our expertise in developing software for any industry. Thus we will become your expert partner in solving complex problems.

  • Streamline internal processes
  • Digitise aspects of your business or your business as a whole
  • Build eCommerce apps
  • Rebuild and rescue existing mobile apps
  • Automate manual systems
  • Connect employees with software
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Get in Touch

Our FinTech software developers in Cambridgehave helped start-ups and corporates to start, run and grow world-class businesses. Contact us for a quote today!