Accounting software development services
Scale your software development team up and down with the top 1.36% engineering talent skilled in .NET, TypeScript, React, Node.js, and AWS.
The Business of Fashion hired Brainhub to rebuild their mobile app with top-class performance and 99.9% crash-free rate. (source)
Collegial extended their in-house team to speed up product development and saw a significant impact as early as two weeks in. (source)
A stealth-mode B2B SaaS company fully outsourced their development to Brainhub to finalize a funding round at $12 million valuation. (source)
Relayr needed “the best people on board with the shortest time” and decided Brainhub was the best partner to cover all roles within one team. (source)
Brainhub is a top software engineering partner for accounting and financial institutions.
In 2024, both the financial and software landscape are evolving rapidly, and if you don't stay ahead of the game, you risk falling behind.
Centering your strategies on customer needs and harnessing the power of technology for personalized accounting solutions can carve a distinctive place for you in the finance industry. The key lies in innovatively assisting individuals in their savings and investment journey, thereby simplifying their lives in meaningful ways.
Brainhub is a specialized software engineering agency that combines tech expertise with 7+ years of experience working on accounting applications with clients ranging from seed-round startups to Big4 consulting firms.
Let's talk about your accounting project.
Software development services for accounting and financial institutions
Accelerate your accounting app development with a dedicated team of experienced software engineers and product experts with deep understanding of finance and accounting environments.
- Web Development
- Mobile App Development
- Product Design
- Cloud Engineering
- Software Architecture
- Quality Assurance
With 70+ completed projects, we've seen enough to save you from accumulating tech debt or scalability issues, and help you deliver on even the most ambitious product roadmaps and deadlines.
7+ years of solving accounting problems
When it comes to building impactful software, a deep understanding of opportunities and challenges in the financial services sector is not optional.
Build scalable architecture
Handle frequent and heavy data flows
Integrate with multiple services
Extend your team
Get our info pack. Short and sweet.
All the data you need to decide if Brainhub is the company you want to work with on your accounting project.
"Deliver business value, fast."
That's it. That's our secret sauce revealed.
On every project, we follow three unbreakable principles to make it happen.
Set up automated tests and health checks
- To minimize the risk of failed tests
- Gain more confidence to make changes to the code
- Avoid costly and tedious manual work
- Achieve faster delivery with short smoke tests to verify critical user paths
Optimize delivery frequency
- To measure and improve delivery efficiency
- Identify and resolve bottlenecks in the delivery process
- Track progress towards delivery goals and objectives
- Make informed decisions regarding resource allocation and investment
Review product goals and roadmap
- To deliver the right solutions in the right way
- Optimize time-to-market
- Assure delivery of real business and user value
- Design solutions with limited (technical, operational, legal) dependency
Don't take our word for it.
Here's what hard data and our clients have to say.
The people from Brainhub are highly-skilled in React and Node.js and they work hard to achieve our goals.
Brainhub have been working without needing a lot of assistance, and only asking the right questions.
It’s critical that Brainhub understands the context of the project and is treated as part of the team.
They’re technical experts who aren’t afraid to speak up when they think something isn’t working.
I’ve been working on Scribi for 3 years - in two and a half hours they helped me refine my project even more.
They have excellent React.js knowledge.
Proven track-record in complex environments
with ambitious roadmaps.
Frequently Asked Questions
How much does it cost to develop a accounting application?
The cost of developing a accounting application can vary significantly based on several factors. These include the complexity of the app, the number of platforms (iOS, Android, Web), features and functionalities to be included, use of advanced technologies like AI and Blockchain, regulatory compliance considerations, security features, and the location and rate of your development team.
A simple application with basic features can start from around $50,000-$70,000. A more complex application with extensive features and high-level security measures can cost anywhere from $120,000 to over $500,000.
However, these are broad estimates, and the actual cost could be higher or lower based on your specific needs. For a more accurate estimate, it's recommended to discuss your project with our development team. We can then analyze your requirements and provide a detailed proposal.
What time does it take to develop a banking software?
The time required to develop a banking software can vary greatly depending on numerous factors. These include the complexity of the software, the number of features required, the specific regulatory standards and security measures necessary, the development methodology used, and the size and experience of the development team.
A simple software with basic banking features might take a few months to develop with a skilled team. However, for a comprehensive banking software solution, considering all phases of software development from discovery to deployment, it may take anywhere from 12 to 24 months or even longer.
It's important to understand that high-quality banking software needs to prioritize security, robustness, and compliance with financial regulations, all of which require careful planning, development, and testing, adding to the timeline. For a precise timeline, we would need to understand your specific requirements in detail.
I have an idea for a banking app. What should I start with?
Starting with an idea for a banking app requires a number of steps, primarily:
Market Research: Understand your target audience and competition. Research to figure out what works, what doesn't, and what unique value you can provide.
Define the Concept: Clearly define what your app should do. Prioritize core features that align with your user's needs and your business goals.
Regulatory Compliance: Given that this is a banking app, familiarize yourself with local and international financial regulations and standards (like PCI-DSS, GDPR, etc.). Seek legal advice if needed.
Security: This is a top priority for banking apps. Ensure to plan for advanced encryption methods, multi-factor authentication, secure customer data storage, etc.
Technology and Platform Choice: Decide on the technologies and platform(s) you'll use to develop your app, such as iOS, Android, or cross-platform.
UX/UI Design: Create intuitive, user-friendly designs that enhance customer experience. Wireframing and prototyping can help in visualizing the end product.
Find a Development Partner: Unless you have the resources and expertise in-house, find a reliable software development agency (like us) to bring your idea to life.
Development and Testing: After designing, proceed to the development phase. Regular testing ensures the app is bug-free and meets quality standards.
Launch and Post-Launch Support: Prepare for the app launch and market it effectively. Post-launch, monitor app performance, fix bugs, update regularly, and iterate based on user feedback.
Remember, it's crucial to keep user-centric design in mind and always adhere to regulations in your region.
Do you offer consulting on the development of banking solutions?
Yes, we certainly do. Our team of expert consultants has substantial experience in creating and optimizing banking solutions.
We can assist you with the analysis, design, development, implementation, and management of banking systems tailored to your specific needs.
Whether you're looking to modernize existing infrastructure or build new, innovative solutions, we're equipped to offer insights and guidance at every stage of your project.
Do you offer banking application design services?
Absolutely, we do offer banking application design services. We leverage our expertise in software development and understanding of the financial industry to create secure, reliable, and user-friendly banking applications.
These applications are designed to meet both the regulatory standards of the industry and the specific needs of our clients. Whether you need a solution for mobile banking, online transactions, or intricate financial operations, our experienced team can help. We ensure the utmost security, incorporating encryption and other safety measures.
Additionally, we strive to provide an intuitive user experience, making banking accessible and easy for all users.
Is banking software development outsourcing a good idea?
Yes, banking software development outsourcing can be a good idea for several reasons:
Expertise: Outsourcing allows banks to benefit from specialized knowledge that the outsourcing agencies possess, particularly in areas such as cybersecurity, regulatory compliance, and cutting-edge technologies.
Cost-Effectiveness: It can also be cost-effective, eliminating the need for continuous in-house training, recruitment, and other expenses associated with maintaining a team of software developers.
Focus on Core Business: Outsourcing non-core functions like software development enables banks to concentrate on their core competencies and improve customer service.
Speed and Scalability: Outsourcing can allow banks to quickly scale up or down their software development needs based on demand, providing greater operational flexibility.
Innovation: Outsourced software development often brings fresh perspectives and innovative solutions, helping to keep the bank's services modern and competitive.
However, it's important to remember that this approach also requires careful management of risks such as data security, quality control, and the need to ensure regulatory compliance. Choosing a reputable outsourcing partner with a proven track record in banking software development can help to mitigate these risks.
What technologies do you use for banking development?
We use a wide range of technologies for banking development, depending on the specific needs and requirements of each project. Some of the technologies that we commonly use include:
- Databases: We work with a variety of databases, including MySQL, PostgreSQL, Oracle, and MongoDB, among others.
- Cloud Platforms: We have extensive experience working with cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), which are essential for developing and deploying scalable and reliable fintech applications.
- APIs and Third-Party Integrations: We are experts in integrating with third-party APIs and services, which are critical for many fintech applications.
- Blockchain Technologies: We have some experience developing applications on blockchain platforms, such as Ethereum, which can be used for a range of fintech use cases, such as smart contracts, digital identity verification, and secure transactions.
- Machine Learning and Artificial Intelligence: We leverage machine learning and artificial intelligence technologies to build intelligent fintech applications that can automate processes, analyze data, and provide personalized experiences for users.
Overall, our technology stack is flexible and adaptable, and we are constantly evaluating new technologies and tools to ensure that we are staying at the forefront of banking software development.
I have been working with an external team and would like to change it. Do you work with such projects?
Yes, we are happy to work with clients who have been working with an external team and are looking to make a change. We understand that changing development partners can be challenging, and we are committed to making the transition as smooth and seamless as possible for our clients.
When working with a new client, we typically start with a discovery phase to understand the existing project, including the scope, requirements, architecture, and codebase. We also conduct a code review to assess the quality and maintainability of the existing code and identify any potential issues or areas for improvement.
From there, we work with the client to develop a comprehensive plan for transitioning the project to our team, including timelines, milestones, and communication protocols. Throughout the transition process, we place a strong emphasis on transparency and communication, keeping the client informed and involved at every step.
We also understand that it can be challenging to pick up an existing project, particularly when there may be differences in coding style, tools, and processes. As such, we work closely with the client to understand their preferences and to align our development practices with their needs and goals.
Overall, we have extensive experience working with clients who are looking to transition development partners, and we are committed to delivering high-quality software and excellent customer service throughout the entire process.
Can you guarantee data security in my banking product?
As a software development company, we take data security very seriously and implement best practices to ensure the safety of our clients' data. However, it's important to note that no system can be completely immune to threats, and guaranteeing 100% data security is not realistic.
That said, we follow a range of security measures and practices to mitigate the risk of data breaches and unauthorized access to our clients' data. These measures include:
- Encryption: We encrypt all sensitive data at rest and in transit, using industry-standard encryption protocols.
- Access Controls: We implement strict access controls to limit access to sensitive data and ensure that only authorized personnel have access to it.
- Penetration Testing: We conduct regular penetration testing to identify vulnerabilities in our systems and applications and to proactively address potential security threats.
- Compliance: We ensure that our systems and processes are in compliance with relevant security and privacy regulations, such as GDPR, CCPA, and HIPAA, where applicable.
- Employee Training: We provide regular security awareness training to our employees to ensure that they are aware of security best practices and are equipped to identify and respond to potential security threats.
While we cannot guarantee 100% data security, we are committed to implementing the highest standards of data security and to continuously monitoring and improving our systems and processes to ensure the confidentiality, integrity, and availability of our clients' data.
Do you sign NDA and NC agreements?
Yes, we are willing to sign Non-Disclosure Agreements (NDAs) and Non-Compete Agreements (NCAs) with our clients. We understand the importance of confidentiality in the software development process, particularly in the fintech industry, where sensitive financial data is often involved.
When working with a client, we take all necessary steps to ensure the confidentiality of their information and data. This includes signing NDAs and NCAs, restricting access to sensitive information only to authorized personnel, and implementing strict security measures to prevent unauthorized access or disclosure.
We are also happy to work with clients who have their own NDAs and NCAs that they would like us to sign. We take all legal agreements seriously and work with our clients to ensure that all parties are protected and that the terms of the agreement are met.
Overall, we understand the importance of confidentiality and are committed to ensuring the security and privacy of our clients' information and data.