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Banking Software Development Services for Secure, Scalable, and Customer-Centric Finance

We build compliant and high-performance digital banking solutions that accelerate innovation and enhance customer trust.

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  1. SPD Technology
  2. Banking Software Development Services for Secure, Scalable, and Customer-Centric Finance

The True Cost of Running a Legacy Banking Infrastructure

We live in an era when successful implementations of bleeding-edge technology coexist alongside the use of outdated systems in other organizations. Some financial institutions allow legacy systems to remain a core part of their day-to-day operations and vital internal processes. Yes, outdated systems can continue to serve their purpose for many years; however, they often act as a significant roadblock to innovation and growth. From the customer perspective, legacy platforms fail to deliver experiences that modern users expect, causing banks to lose clients to their competitors. 

The actual cost of legacy infrastructure for banks includes but is not limited to: 

  • Legacy core systems blocking agility and cloud adoption.
  • Rising compliance and cybersecurity risks (PCI DSS, PSD2, GDPR, SOC 2).
  • High IT costs from outdated infrastructures.
  • Data silos preventing personalized customer experiences.
  • Inability to withstand growing competition from fintechs and digital-first challengers.

Ignoring these challenges may lead to risks of losing market share, increasing operational costs, and falling behind competitors that are more digitally focused. With the help of our banking software development services, we make a difference by enabling modernization, while meeting compliance and securing sustainable growth.

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Our Custom Banking Software Development Services

With our holistic approach, we deliver top-notch services that enable banks to enhance digital experiences, strengthen security, and adopt innovative technologies, fostering sustainable growth for our global clients.

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  1. Digital Banking Tech Consulting & Strategy

    Clients of our company are benefiting from rapid digital transformation due to strategy and consulting services we offer. Our experts assess current infrastructure, identify opportunities and recommend the most fitting technological solutions that closely align with business goals, current regulatory requirements and long-term vision.

  2. Core Banking System Modernization

    Our experts modernize legacy systems by migrating them to advanced, scalable platforms. We ensure seamless transitions without any disruptions, while boosting performance, reducing operational costs, and enabling new digital capabilities that meet customer expectations.

  3. Custom Banking Software Development

    SPD Technology builds banking solutions highly customized to the individual needs of each client. We craft robust solutions that skyrocket operational efficiency, drive multichannel customer experiences and fuel the evolution of banks in a rapidly changing technological market.

  4. System Integration Services

    Our integration services connect legacy systems with modern fintech and third-party platforms, enabling seamless communication between them. By enabling secure, real-time data exchange and improving interoperability across the entire ecosystem, we help banks achieve greater agility, streamline workflows, and accelerate the delivery of digital services.

  5. Compliance & Security Engineering

    We continually work to improve our compliance and security frameworks, which have already yielded impressive results in protecting custom solutions for the financial industry. Our experts protect sensitive data and minimize risks by integrating advanced encryption, fraud prevention, and monitoring mechanisms.

  6. Cloud Enablement & Migration

    Our experts help banks migrate legacy infrastructure into scalable and secure cloud environments. We employ an approach that ensures minimal disruption, improved cost efficiency, and greater resilience, while providing clients with the flexibility to innovate, expand services, and keep pace with rapid technological advancements.

  7. AI/ML Enablement for Banking

    SPD Technology specializes in implementing AI/ML innovations across a variety of unique industries, with banking at the forefront. We enable banks to analyze customer behavior and significantly enhance decision-making processes by leveraging predictive insights, personalization features, and automation.

  8. Support & Maintenance Services

    Following a successful product launch, we offer ongoing optimization, monitoring, and support as needed. By proactively resolving issues, implementing upgrades, and adapting systems to evolving needs, we help clients maintain stability, security, and readiness for subsequent iterations.

Digital Banking Software Solutions We Build

At SPD Technology, we help banks and financial institutions to deliver exceptional customer experiences through fast, reliable, and intuitive digital platforms. By combining personalization, real-time engagement, and seamless integration, we enable our clients to meet the expectations of today’s always-connected users.

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Value-Based Outcomes We Delivered to Our Global Clients

We provide exceptional digital banking development services to leading financial institutions of all sizes worldwide. 

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  1. → 10+

    Years of fruitful partnership and three iterations of a product developed from scratch

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  2. → $0

    Infrastructure costs and a less-than-2-second response time after our involvement

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  3. → 100%

    Redesign for enhanced user experience and alignment with modern standards

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Success Stories with Global Impact

SPD Technology designs and develops transformative software solutions that drive innovation, new revenue streams, and market leadership.

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Automation AWS infrastructure Data Analytics & Engineering Web App Development

Scaling Morningstar’s Financial Platform with AI and Cloud

  • briefcase Industry: Finance, Payments & Fintech
  • globe-earth Country: the USA
  • users-group Team Size: 6
  • Automating Core Business Lines: created an AI/ML-powered application for financial data crawling and retrieval from multiple websites.
  • 10x Data Storage Cost Reduction and Data Processing Time Optimization: improved data storage architecture and reduced the time necessary for manual data analysis from days to hours. 
  • Retrieving Mission-Critical Business Data: developed a solution to retrieve data from diverse financial reports and annotate it with 150+ business rules.
  • Strategic Cloud Transformation: successfully migrated an investment analytics platform to the cloud and achieved close-to-limitless scalability, increased processing speed, improved operational efficiency, and massive cost reduction by leveraging AWS and serverless architecture. 
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API development Payment integration Web App Development

Powering Poynt’s Growth with Scalable Payment Infrastructure

  • briefcase Industry: Finance, Payments & Fintech
  • globe-earth Country: the USA
  • users-group Team Size: 10
  • Successful and Ongoing Collaboration with Poynt: successful and long-term collaboration has resulted in multiple successful projects, including the rapid development of an all-in-one omnicommerce payment system and resulted in an acquisition by a global tech company.
  • Payment Processing Expertise at Scale: developed a set of cutting-edge back-end services with an API interface responsible for a full cycle of payment processing, settlement, and integration with 3rd party payment partners. 
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API development Automation AWS infrastructure Web App Development

Boosting Fraud Detection with a Scalable Risk Management Tool

  • briefcase Industry: Finance, Payments & Fintech
  • globe-earth Country: the USA
  • users-group Team Size: 8
  • High-Load Automated Risk Management Solution: our system performed successful underwriting of 5+ million applications in a single year. 
  • Significant Security Boost: the merchant termination rate doubled based on true positive alerts and issues registered by our risk system.
  • 2x Improved Capability of Handling Issues Manually: in addition to an effective automated solution, issues that require manual intervention can now be managed more effectively thanks to our risk management UI tool. 
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Surpass competitors with a cutting-edge digital banking platform engineered for agility and growth.

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Move from Legacy Constraints to Future-Ready Finance with Our Banking Software Development Company

We will help you break free from outdated systems and move toward secure, scalable, and innovation-driven banking platforms, fueled by AI capabilities. Our company delivers comprehensive renovations for institutions that want to secure leading market positions.

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  1. From Outdated Core Systems

    Dated core systems suffer from limited scalability and barriers to integration, leaving banks struggling to keep pace with the rapid growth of digital demand and evolving customer expectations. 

  2. To Cloud-Native, API-First Platforms

    Modern, flexible platforms maximize the potential of cloud-native infrastructures and API-first designs, unlocking the path to faster innovation, seamless integrations, and the agility to adapt to market needs.

  3. From Compliance Struggles (PSD2, PCI DSS, GDPR, AML/KYC)

    Legacy web and mobile banking software solutions are facing increasing regulatory pressure, and non-compliance can lead to financially devastating penalties and reputational risks.

  4. To Audit-Ready by Design

    Our solutions ensure complete regulatory alignment, featuring transparent data governance, audit trails, and role-based access, which provides total control to meet all relevant standards.

  5. From Fragmented Customer Data

    Disconnection in systems results in incomplete customer profiles, which means losing the opportunity to deliver personalized experiences. Banks miss valuable insights and opportunities to strengthen customer relationships.

  6. To Unified 360° Customer Views

    With modern digital banking software development solutions, it is possible to consolidate data into a single, real-time view of each customer, allowing banks to deliver personalized services and deepen customer engagement.

  7. From Fraud & Cyber Threats

    Constantly changing cyberattacks and fraud techniques can easily expose vulnerabilities in legacy systems, undermining customer trust, increasing financial losses, and damaging reputation in the security-based industry. 

  8. To AI-Powered Secure Platforms

    Our secure banking platform development delivers robust solutions with AI-driven fraud detection, advanced monitoring, and real-time threat response. This ensures proactive protection, digital trust, and long-term resilience against security challenges.

  9. From High Legacy IT Costs

    Maintaining outdated banking systems consumes budgets with high infrastructure and maintenance expenses. Legacy IT often wastes resources that could be better utilized for innovation and digital growth.

  10. To Optimized, Scalable Cloud Environments

    We modernize IT infrastructure with cost-efficient, scalable cloud solutions. This reduces operational overhead while providing flexibility, agility, and long-term sustainability for future evolution.

  11. From Lagging Behind Fintechs

    Today, banks often fall behind in the technological race to emerging fintech challengers, which roll out products faster and offer exciting and innovative service offerings, adapting to market changes. 

  12. To Faster Time-to-Market with Competitive Solutions

    Our digital banking development services empower clients to innovate with confidence and impressive speed, thanks to our proven agile methodologies and extensive experience working in diverse industries. 

Expertise That Sets Our Custom Banking Software Development Apart

We stand out as a banking software development company by developing world-class digital banking solutions that combine compliance, innovation, and scalability. Our cross-industrial proficiency in the latest technologies allows us to accelerate digital transformation, strengthen security, and deliver exceptional customer experiences.

Leverage Our Expertise
  • icon
    Compliance-First Engineering

    All our digital banking software solutions are compliant-centric, as our engineering practices ensure alignment with regulatory requirements, while adding auditability, transparency, and data protection into every layer of the system.

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    Cloud-Native & API-First Architectures

    We utilize cloud-native principles and API-first designs during our custom banking software development. Our approach enables seamless integration with third-party services, faster feature rollouts, and secure, flexible banking ecosystems.

  • icon
    AI/ML-Driven Banking Enablement

    Our company has experience in harnessing the power of AI/ML for real-time fraud detection, delivering highly personalized customer experiences, and enabling more intelligent decision-making for financial institutions by embedding advanced analytics.

  • icon
    Legacy Modernization Mastery

    We excel at enterprise-grade digital banking platform development, transforming legacy systems into high-performing platforms, minimizing operational disruption. We utilize re-architecture, re-platforming, and APIs to ensure a smooth transition. 

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    Cross-Industry Innovation in Banking

    Having experience across diverse business verticals, we empower banking software services with innovations from fintech, retail, and healthcare. This holistic perspective allows us to deliver unique, customer-centric solutions that set new benchmarks.

Digital Banking Software Development Process

At SPD Technology, we apply a proven yet adaptable process that results in secure, scalable, and customer-centric digital banking solutions. At every step of the process, we ensure compliance and resilience, crafting the best digital banking solutions for banks and fintechs that make a difference and move the industry forward. 

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  1. Discovery & Strategy

    It all begins with analyzing business objectives, customer expectations, and the regulatory environment. At this step, we define the product vision, prioritize the most essential feature, and create a detailed roadmap closely aligned with your current goals and long-term business vision. 

  2. Architecture Design

    Our banking software developers have proven experience in developing future-ready architectures that combine performance and scalability, while adhering to modern security standards and best practices. We use proper frameworks, cloud infrastructure, and integration patterns to support efficient operations. 

  3. Custom Development

    Next, we build core modules, customer apps, back-office solutions, and everything else you need according to your custom requirements. When we develop custom financial and banking software, our experts use agile practices to ensure faster delivery, adaptability, and complete alignment with evolving needs.

  4. Third-Party Integration

    When the platform is developed, we connect it with payment gateways, KYC/AML providers, ATM software, open banking APIs, and other essential services. Seamless core banking integration enables us to significantly extend functionality without compromising reliability.

  5. Compliance & Security Embedding

    While we embed security controls measures from the start, we have a separate stage to ensure that we build a secure online banking platform. We conduct an additional check to ensure the platform meets global banking standards, encompassing data encryption, biometric authentication, PSD2, PCI DSS, and GDPR compliance. Our experts also meet all regional security standards required to launch a solution.

  6. Deployment & Ongoing Support

    Finally, we conclude the online banking platform development process by launching the solution into production. Here, at SPD Technology, we offer 24/7 monitoring and provide continuous support, as needed, with proactive updates and future enhancements. In some of our collaborations, we became long-term technological partners for our clients, dedicating full-time teams to support critical processes.

Our Clients are Happy

To share their experiences

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:Co-Founder & CEO, Mogami App

Alex Samano

Co-Founder & CEO, Mogami App

linkedin

SPD Technology has done a great job of maintaining the lifeblood of their codes. They’re transparent with pricing models and deliver within budget. Their dedicated teams act as an extension of the partner’s company. Responsibility and a commitment long-term partnership are two hallmarks of their work.

:Chief Product Officer, PitchBook

Fabrice Forget

Chief Product Officer, PitchBook

linkedin

We feel very lucky to have found SPD Technology as our partner. Over the last 10 years, they have totally surpassed our expectations, and day after day we have received incredible value from the team. Here is the secret sauce, just put together your best ideas in your requirements and there is nothing they can’t do!

:Founder and CEO PitchBook Data

John Gabbert

Founder and CEO PitchBook Data

linkedin

Customers are king at PitchBook and SPD Technology shares in this mission. For the last 13 years, SPD Technology has helped us scale product development and continuously deliver the product functionality our clients need to make smarter decisions.

:Senior Engineering Manager E-comerce Solutions Company

Prasad Sridhar

Senior Engineering Manager E-comerce Solutions Company

linkedin

SPD Technology’s work has been praised by the client for their consistency and high quality. Their communicative, responsive, and flexible project management ensures a positive collaboration. Ultimately, their professionalism and forward-thinking are impressive.

:Head of Technology, Morningstar, Inc

Shariq Ahmad

Head of Technology, Morningstar, Inc

linkedin

All of their developers and technology staff are highly talented and very professional. Working with SPD felt like we were working with internal team. They are always accessible any time of the day and very flexible in providing support to our users who are globally distreibuted.

:Founder CEO, Home Hub

Steve Carner

Founder CEO, Home Hub

The team at SPD Technology exceeds expectations. Their professional communication style makes them stand out, They’re a skilled group of detailed-oriented workers. Customers can expect a team that provides helpful suggestions to better their clients.

John Gabbert: Founder and CEO PitchBook Data

John Gabbert

Founder and CEO PitchBook Data

linkedin

Customers are king at PitchBook and SPD Technology shares in this mission. For the last 13 years, SPD Technology has helped us scale product development and continuously deliver the product functionality our clients need to make smarter decisions.

Leverage our digital banking software development services to boost your operations with AI-driven automation and advanced analytics.

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FAQ: The Most Relevant Questions On Digital Banking Software Solutions

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Fabrice Forget: Chief Product Officer, PitchBook

Fabrice Forget

Chief Product Officer, PitchBook

linkedin

We feel very lucky to have found SPD Technology as our partner. Over the last 10 years, they have totally surpassed our expectations, and day after day we have received incredible value from the team. Here is the secret sauce, just put together your best ideas in your requirements and there is nothing they can’t do!

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