BFSI IT Solutions that Change Everything
Mitigating industry challenges and boosting customer loyalty by innovative mobile app and custom software development.
At Arka Softwares, we develop bespoke BFSI solutions that bridge the gap between industrial growth and customer experience. Our innovative BFSI mobile app development and web solutions give modern fintech companies new capabilities and automation opportunities that simply streamline growth.
In addition, we harness the power of many cloud-based technologies like Machine Learning and Big Data to provide you out-of-this-world data management and business insights to help you form lucrative strategies.
- BFSI IT Consultation
- BFSI Software Development
- BFSI Website Development
- BFSI Mobile App Development
- BFSI Cyber Security Solutions
- BFSI Maintenance and Support
BFSI Industry Challenges and Innovative Solutions
The banking and finance industry has been suffering some conventional challenges for a long time. To be honest, these challenges are the fundamental problems that beg solutions for business growth. At Arka Softwares, we assure you that we acknowledge all the underlying challenges with the industry. Therefore, we provide innovative BFSI mobile apps and custom software development solutions that put your organization above industry challenges.
Challenges in Banking
Penetration in rural areas
Outdated tech infrastructure
Market risk factors
Customer experience
Regulatory compliances
Cyber security concerns
Challenges in Finance
Rising service cost
Swelling customer demand
Low customer awareness
Various regulatory frameworks
New revenue models
Incorporating Big Data
Challenges in Insurance
Volatile customer loyalty
Fraud risk management
New market penetration
On-Demand business models
Talent acquisition and management
We Follow All Banking, Financial Services, and Insurance (BFSI) Compliances
We have worked with hundreds of customers from around the globe. We understand your business and its requirements. Just tell us what you need, and we will offer you the best BFSI mobile app and web development solutions in the world.
- FinCEN – Financial Crimes Enforcement Network
- EFTA – Electronic Fund Transfers Act
- FCA – Financial Conduct Authority
- NPCI – National Payments Corporation of India
- UPI – Unified Payments Interface
- CFPB – Consumer Financial Protection Bureau
- PSD2 – Payment Services Directive 2
- GDPR – General Data Protection Regulation
- FINRA, FCRA, ABA, Series 6&7
- AML – Anti Money Laundering
- CRA – Community Reinvestment Act
- OFAC – Office of Foreign Asset Control
- BSA AML – Bank Secrecy Act
- GLBA – Gramm-Leach-Bliley Act
- SEC – Securities and Exchange Commission
- FTC – Federal Trade Commission
- FINTRAC – Financial Transactions and Reports Analysis Center
- PCI DSS 3.2 – Payment Card Industry Data Security Standard
- FFIEC – Federal Financial Institutions Examination Council
- AUSTRAC – Australian Transaction Reports and Analysis Center
Developing Smart BFSI Solutions for
Modern Fintech Companies
Modern fintech companies are doing business in a cut-throat competition. Customer service, management, analytics are some of the factors that can provide a huge leap ahead of the competition to any company.
At Arka Softwares, our BFSI mobile app developers help enterprises, SMBs, and startups with intelligent mobile apps and management software that foster automation and catalyzes growth in the business. Big data and machine learning integration help you put your business at the top of the industry food chain.
- BFSI enterprise development solutions
- BFSI mobility solutions (mobile apps for Android, iOS, wearables)
- BFSI analytics and reporting solutions
- BFSI cloud-based solutions
- BFSI data management and analytics solutions
- Fraud detection and prevention solutions
- Asset management solutions
- Regulatory compliances solutions
- Custom POS software development solutions
Personalized BFSI IT Solutions for Exceptional Growth Leap
We have been helping BFSI organizations and institutions for more than a decade to offer their customers an unparalleled experience. Because at the end of the day, customer experience is the best business policy. Therefore, our personalized banking, financial services and insurance IT solutions enable institutions to understand their and their customers’ needs and then we provide them invincible technological solutions that are miles ahead of the rest of the market.
Banking IT Solutions
We help you to enhance your customer experience by reducing their wait time and offering them features that simplify their personal banking experience and amazing mobile apps.
- Customer data management
- Transaction data analytics
- Payment processing solutions
- Custom CRM development
- Banking mobility solutions
- Internet banking solutions
- Retail and commercial banking solutions
- Banking analytics solutions
Finance IT Solutions
Our finance software development solutions enable companies and users to take complete control over their financial transaction data and detailed analytics for reliable financial insights.
- Reporting and analytics
- Bill-tracking
- Account management
- Budget planning
- Investment management
Insurance IT Solutions
Our insurance app development solutions bestow the business with phenomenal accessibility and mobility solutions that significantly increase business reach and experience.
- Customer data management
- Policy management
- Document management
- Custom CRM development
- Multilingual solutions
BFSI App Solutions that Go Beyond Stratosphere
The markets are evolving at an incomprehensible rate. New business models and revenue models are coming into existence every single day. To cater to such an erratic industry, we offer complete personalized BFSI mobile app development (android, iOS, and wearables) that bridges the gap between your vision and current market position. We help you to go to infinity and beyond.
Mobile Banking App Development
Get powerful mobile banking apps that outperform every mobile banking app in the market with their next-gen features and uncompromised security compliances that ensure trust and loyalty.
- Online transactions
- Bank statements
- Transaction history
- Account management
- Secure login
- Push notifications
Wealth Management App Development
We develop custom wealth management app development with advanced features like multiple accounts setup, expense planner, and personal budgeting, etc. everything on the go.
- Billing and scheduling
- Account management
- Expense tracking
- Expense planner
- Inventory tracking
- Budgeting and insights
Accounting Mobile App Development
Our accounting mobility solutions allow you to manage accounts and track your assets from anywhere you want. All the powerful features and intuitive UX/UI goes everywhere you go.
- Invoice generation and management
- Faster and secure payments
- Tax calculation
- Expense reports and analytics
- Inventory management
Insurance Mobile App Development
With our insurance mobile app development, we simplify insurance policy comparison, track policies, and policy management right at your fingertips. Everything comes in a next-gen app.
- Profile management
- Customer management
- Compare and claim policy online
- Chatbot integration
- Push notifications
Peer-to-Peer (P2P) Payments App Development
When the world runs on a fast lane, how can your business stay behind? Therefore, with our P2P payments mobile app the transaction becomes lightning-fast and unfathomably secure.
- Send and request money
- Unique ID/OTP for secure transactions
- Transaction history
- Real-time balance status
- Push notifications
Stock Trading and Investment App Development
With our comprehensive stock trading and investment mobile apps, you can trade stocks in real-time and manage your portfolio whenever you want right from a powerful mobile app.
- Real-time stock prices
- Trading and investment
- Portfolio monitor
- AI-powered market insights
- 2D/3D dedicated charts
- Transaction history and analytics
Empowering BFSI Industry with Next-Gen Technologies
We are one of the pioneers who introduced modern technologies into the BFSI industry and revolutionize it. Our modern tech solutions simply offer automation and efficient management.
AI
Experience the power of artificial intelligence in your banking and finance system and see how it can automate your management and analytical operations while offering you reliable data.
Big Data
BFSI industry deal with gargantuan database. To bring efficiency and powerful data management we offer Big Data development that helps you to form better strategies to enhance customer experience.
Chatbot
We help you to automate customer support with our AI-powered chatbot development. It helps you to cut down operational costs and enhance the customer experience in a huge margin.
Some of the Features that We Integrate into our
BFSI Solutions
We believe that in order to offer your customer an unmatched experience, you must offer the means and ways to simplify their interaction with your business. And we do it by offering some of the ground-breaking features in our BFSI mobile apps and software.
- Online bank account creation
- Account management
- E-Wallet integration
- Virtual card integration
- Data analytics
- 2D/3D interactive reports
- Credit/Debit card management
- Invoicing and billing
- Transaction history and management
- Import account information
- OCR integration
- Banking lead management
- Cross-platform compatibility
- CRM/CMS
- Fund transfer
- Mobile CRM
- Track transactions
- Lead management
- Portfolio management
- Multiple authentication systems
- Loan and mortgage calculators
- Regulatory and security compliances
Our Happiness lies in the Journey
Arka Softwares owes this to every team member of our company who tirelessly ventured into uncharted planes of their imagination to bring revolutionary ideas and turned them into reality.
Engagement Models
Arka Softwares offers various engagement models that impeccably blend innovation, performance, cost, agility, and performance. You can choose from a wide array of flexible and customized models, each of which assures high quality, technical expertise, and timely delivery.
PET
Product Engineering Team
Get one or more Scrum teams comprising of Business Analysts, developers, designers, Scrum masters, and Testers. Our dedicated team will not only transform your idea into a turnkey product but also takes complete responsibility of maintaining and supporting your product.
ODC
Offshore Development Center
Get seasoned resources to manage services, platforms, products, and core value competencies. We offer dedicated and contractual resources to address your business requirements. This not only increases your agility but also reduces unnecessary efforts and costs for setting up an offshore team.
COE
Center of Excellence
If you want to capitalize a specific area, be it AI, DevOps, Data Science, or Digital Commerce, then COE is the best approach to follow. We offer specialized expertise and act as a Technology Partner to offer dedicated resources, who can provide leadership, research, best practices for a focus area.
Frequently Asked Questions for Banking Finance Industry
Well, we offer a wide range of features and functionalities in a banking app. We take the help of 3rd Party APIs and modules to provide some powerful features. To name a few,
- Multiple Authentication System
- Cross-Platform Functionality
- Loan and Tax Calculator
- Payment Gateways
- Automated Payments
- Comprehensive Reporting
- Intelligent Data Analytics
- Customer Data Management
- Regulation Compliant
- Multi-modal Transactions
- Dynamic KYC Platforms
- Push Notifications
These are some of the features that we offer in our banking and finance mobile apps. To know more about our banking and finance mobile app development, please feel free to talk to our experts.
We provide almost all services that have to do with mobile apps and software. For example, we provide:
- Mobile app development for Android, iOS, and Wearables
- Web development solutions
- Custom Software development
- Legacy Software Solutions
- AI, AR/VR, IoT, Big Data Solutions
- SAAS, PAAS Development for B2B, B2C, B2B2C
And many more services.
There are many reasons to choose us as your next development partner.
- 11+ years of industry experience
- 450+ successful mobile app launches
- Faster time to market
- 98% customer retention rate
- Rated top software and app development company by various publications
- Complete guarantee of your data privacy (elaborated NDA)
- The best in the industry customer support
All you need to do is contact our experts at any given contact information. We will take care of the rest. We assure you that you will have the best app development experience in the world.
The app development cycle duration completely depends on the scope of the project. But just to answer your question, an MVP banking app for Android may take somewhere around 4-6 months to develop.
For more information about the duration and cost of mobile app development, please feel free to contact our experts. It will only take a minute and it’s completely free.
Let’s build something great together!
Just take one step forward and we can build history.
Want to build something good for the business but still good for the customers?