--- source_url: "https://www.scnsoft.com/finance" title: IT Services and Solutions for Financial Industry 💰 mirrored_at: 2026-08-15T01:34:29.309Z host: www.scnsoft.com cited_in_42a: true mirror_canonical: "https://index.42a.ai/www.scnsoft.com/finance" --- > **Original source:** https://www.scnsoft.com/finance ## About ScienceSoft - 21 years in AI & IT services for the finance industry - 37 years in AI implementation and software engineering - 750+ consultants, engineers, architects, and AI experts - In-house PMO 45+ certified PMs and delivery managers ## Trusted by BFSI Organizations in the US and Beyond [image] [image] [image] ## Full-Cycle AI & IT Services for the Financial Industry Financial IT services are meant to help BFSI organizations create and operate tailored digital solutions smoothly, cost-effectively, and with minimal effort and risk. Addressing these aspects, ScienceSoft offers all-encompassing services, from technology consulting and software engineering to cybersecurity and IT support. ### AI transformation in finance We help organizations in the BFSI industry identify high-value AI opportunities for their business and adopt AI through structured transformation programs that align strategy, technology, processes, and people. We can support every stage of the transformation journey, from [AI consulting](https://www.scnsoft.com/artificial-intelligence) and strategy development to [AI governance design](https://www.scnsoft.com/artificial-intelligence/gateway-firewall), [enterprise AI implementation](https://www.scnsoft.com/artificial-intelligence/software-development), portfolio and program management, and organizational change. - [AI for insurance](https://www.scnsoft.com/insurance/artificial-intelligence) - [AI for investment management](https://www.scnsoft.com/investment/artificial-intelligence) - [AI for payments](https://www.scnsoft.com/payment/artificial-intelligence) - [AI for lending](https://www.scnsoft.com/lending/artificial-intelligence) - [AI for mortgage](https://www.scnsoft.com/lending/mortgage/artificial-intelligence) - [AI for debt collection](https://www.scnsoft.com/lending/artificial-intelligence/debt-collection) ### Financial software development We offer full-cycle IT consulting and software engineering to help BFSI companies transform operations and unlock growth opportunities. Throughout the financial software implementation journey, we prioritize rigorous [quality assurance](https://www.scnsoft.com/software-testing), data security, and regulatory compliance to ensure solution reliability and support successful project delivery. - [Insurance software development](https://www.scnsoft.com/insurance/software-development) - [Lending software development](https://www.scnsoft.com/lending) - [Payment software development](https://www.scnsoft.com/payment) - [Investment software development](https://www.scnsoft.com/investment/software-development) - [Banking software development](https://www.scnsoft.com/banking) - [Fintech software development](https://www.scnsoft.com/finance/fintech) [See more](https://www.scnsoft.com/finance/software-development) ### Legacy software modernization We upgrade your existing software to help you get a modern solution at an optimal cost and with minimal disruption to business workflows. - [Legacy software modernization](https://www.scnsoft.com/application/modernization) - [Legacy software integration](https://www.scnsoft.com/software-development/about/how-we-work/legacy-integration) with modern apps and fintech services - [Cloud migration services](https://www.scnsoft.com/cloud/migration/services) - [Code review and refactoring](https://www.scnsoft.com/software-development/code-review) - Software rearchitecting (e.g., monolith strangling to [microservices](https://www.scnsoft.com/software-development/microservices-consulting)) - Tech stack modernization - Software evolution with new features ### Technology and software consulting We design robust solutions tailored to your needs and deliver a detailed project plan for predictable implementation. For financial software products, we assist in [idea productization](https://www.scnsoft.com/software-development/product), CX strategy creation, and market entry planning. - [Digital transformation consulting](https://www.scnsoft.com/digital-transformation/consulting-services) - [Software consulting](https://www.scnsoft.com/software-development/consulting) - [Mobile app consulting](https://www.scnsoft.com/application/mobile/consulting) - [SaaS consulting](https://www.scnsoft.com/software-development/saas/consulting) - [BPM consulting](https://www.scnsoft.com/operations-management/bpm-consulting) - [Feasibility assessment](https://www.scnsoft.com/software-development/feasibility-study) ### Managed financial IT services We monitor, troubleshoot, and upgrade all components of your financial IT infrastructure and apps to keep them stable, cost-effective, and relevant to your needs. Our teams adapt to your time zones and business hours. - [IT infrastructure support and monitoring](https://www.scnsoft.com/finance/it-infrastructure) - [Managed application services](https://www.scnsoft.com/it-operations/managed/application) - [L1–L3 IT help desk](https://www.scnsoft.com/it-operations/help-desk) - [Cloud management](https://www.scnsoft.com/it-operations/infrastructure/management/cloud) - [Managed security services](https://www.scnsoft.com/it-operations/managed/security) - [IT automation and DevOps services](https://www.scnsoft.com/devops) ### Cybersecurity and compliance We help protect your software and IT infrastructure from known and emerging cyber threats and achieve compliance with the required regulatory frameworks. - [Application security](https://www.scnsoft.com/security#application-security) - [PCI DSS compliance](https://www.scnsoft.com/security/compliance/pci) - [NYDFS cybersecurity assessment](https://www.scnsoft.com/security/compliance/nydfs) - [GDPR compliance](https://www.scnsoft.com/software-development/gdpr-compliance) - [Security testing](https://www.scnsoft.com/security/testing/services) - [Network protection](https://www.scnsoft.com/security#network-protection) - [Identity and access management](https://www.scnsoft.com/security/identity-and-access-management) ### Financial data analytics and BI We build reliable, user-friendly apps and scalable data management infrastructures to help companies automate financial analytics and obtain clear, easy-to-navigate reports. - [Insurance analytics](https://www.scnsoft.com/insurance/analytics) - [Banking analytics](https://www.scnsoft.com/banking/analytics) - [Lending analytics](https://www.scnsoft.com/lending/analytics) - [Investment analytics](https://www.scnsoft.com/investment/analytics) - [Data science consulting](https://www.scnsoft.com/data/data-science) - [Data management services](https://www.scnsoft.com/data/management) ## Industries We Serve [image] Financial software products Discuss Your Project With Our Team If you’re planning a financial services project or evaluating your options, we can help you clarify requirements, assess feasibility, and define the next steps with confidence. ## See AI in Financial Services in Action [image] ### Agentic AI for Transforming Investment Decision-Making See how agentic AI helps investment teams uncover market insights and make smarter decisions. Built on LangChain and OpenAI LLMs, the agent can speed up investment analysis by up to 70% and boost analyst productivity by over 50%. [image] ### Voice AI Agent for Insurance Claim Validation See how agentic AI helps insurers spot fraudulent claims. Developed on AWS Bedrock AgentCore and OpenAI’s leading LLMs, the solution boosts investigator capacity by over 40% and drives 20%+ higher fraud detection rates through call-based claim verification. ## Insights From ScienceSoft's Financial AI & IT Experts ## IT Solutions for Financial Services We Specialize In ### Software for core BFSI operations ### Technology solutions and components [image] AI assistants for BFSI customers and employees [image] Financial AI agents and multi-agent platforms [image] Predictive analytics models for finance [image] Financial APIs and connectors [image] Remote monitoring and IoT platforms for finance [image] Blockchain-based financial platforms and apps [image] Robotic process automation (RPA) tools ### Self-service apps for BFSI customers ### **Data analytics solutions** ### Enterprise platforms and apps ## What Makes ScienceSoft a Reliable AI & IT Partner for Financial Services - **Since 2005** in full-cycle IT services for the financial services and fintech industries. - **Since 1989** in AI and data analytics to deliver accurate, high-performing financial analytics tools and intelligent automation solutions. - **Since 2003** in cybersecurity to establish robust protection of financial IT apps and infrastructures. - Financial IT and compliance consultants with **5–20 years** of experience in BFSI operational regulations (SEC, NAIC, FINRA, etc.), data protection standards (GLBA, NYDFS, PCI DSS, GDPR, etc.), data exchange standards (ACORD, LIMRA, etc.), and more. - **30+** principal and senior [architects](https://www.scnsoft.com/about/how-we-work/architecture-coe) with hands-on experience in designing complex financial systems and innovative fintech tools. - **45+** certified [project managers](https://www.scnsoft.com/about/how-we-work/pmo) (PMP, PSM I, PSPO I, ICP-APM) who succeeded in large-scale projects for **Fortune 500** firms. - A team of **750+** professionals, including software, data science, QA, and DevOps engineers. Over **50%** of our engineers are senior or lead specialists. ### Partnerships and recognitions ## Our Clients Say [image] > Over more than five years, ScienceSoft supported us through every phase of this transformation and delivered a stable platform we can rely on. I commend how **steady** and **transparent** the team was throughout the process. On a project of this scale, late changes and new questions were inevitable, but ScienceSoft stayed **responsive**, **flexible**, and **in control of scope and timelines**. [image] > ScienceSoft are **responsive**, **technically sharp**, and they **communicate well** with our people. When we've needed to move **fast**, they've stepped up and delivered. What I appreciate most is their **proactive** approach. They don't just wait for us to identify issues. They bring solutions to the table and help us prioritize what matters most. That kind of partnership is hard to find. [image] > Since the start of our cooperation in 2016, ScienceSoft has been a reliable tech partner in our **mobile banking development** projects. We are impressed with their **pragmatic** project management, **quality-first** mindset, and **transparent** communication. ScienceSoft’s solution architects, developers, and QA engineers are **true experts** in their fields and have shown a **deep understanding** of the mobile banking specifics, which is critical for our business. [image] > Partnering with ScienceSoft has been an **excellent experience**. Their team transformed our underwriting platform into a well-oiled machine. They identified and fixed several longstanding issues that had been causing us persistent difficulties. Their **communication was exemplary**; unlike our previous experiences with outsourcing, we never had to chase them for updates, and they were always prompt in responding to our queries. [image] > ScienceSoft’s team quickly integrated into our development workflow, maintained **transparent** communication, and improved the efficiency of our in-house developers. Thanks to ScienceSoft, we achieved our project goals **on time and within budget**. They provided **high-quality** service and **valuable** tech insights that aligned well with our vision and specific needs. ## Ensuring Compliance and Security of Financial Solutions In ScienceSoft’s projects, we care for [compliant](https://www.scnsoft.com/finance/about/how-we-work/financial-software-compliance) financial software design, establish a secure development environment, and perform rigorous compliance testing before the solution launch. We also advise on compliance cost optimization and can take over ongoing compliance maintenance. Our compliance consultants and IT security teams help BFSI organizations achieve and maintain compliance with all necessary global and region-specific sectoral regulations and data protection standards. [image] [image] [image] [image] [image] [image] [image] [image] [image] [image] [image] ## Driving the Success of Your Financial AI & IT Endeavors No Matter What With a [mission](https://www.scnsoft.com/finance/mission) to drive BFSI projects to their goals, we use our proven [project management practices](https://www.scnsoft.com/software-development/about/how-we-work#pm-reporting) to effectively plan against time and budget constraints, agilely adapt to feasible changes, and pragmatically address risks. Our mission is supported by the [ethical conduct](https://www.scnsoft.com/files/about-company/sciencesoft-code-of-conduct.pdf) we maintain in relation to our clients, business partners, and within the company. ScienceSoft's approach ensures: Predictable delivery - Eliciting complete requirements and mapping a precise project [scope](https://www.scnsoft.com/software-development/about/how-we-work/scoping) bound to the agreed deliverables. - Creating a detailed project plan, triaging the tasks, and arranging the right [team](https://www.scnsoft.com/software-development/about/how-we-work/resources). - Delivering accurate and realistic time and cost [estimates](https://www.scnsoft.com/software-development/about/how-we-work/estimate). Transparent collaboration - Composing a tailored set of [KPIs](https://www.scnsoft.com/software-development/about/how-we-work/success-measurement) to measure project success. - Setting up a sustainable [risk](https://www.scnsoft.com/software-development/about/how-we-work/risk-management) control framework. - Regular [reporting](https://www.scnsoft.com/software-development/about/how-we-work/reporting) on project health and software quality. - [Documenting](https://www.scnsoft.com/software-development/about/how-we-work/documentation) project decisions and [sharing](https://www.scnsoft.com/software-development/about/how-we-work/knowledge-management) knowledge with the client’s team. Agile response to risks - Analyzing [change](https://www.scnsoft.com/software-development/about/how-we-work/change-requests) requests and quickly implementing viable changes to maximize solution [longevity](https://www.scnsoft.com/finance/about/how-we-work/financial-software-longevity). - Tuning the [collaboration](https://www.scnsoft.com/software-development/about/how-we-work/collaboration) forms and pace to drive effective communication between team members and with client stakeholders. - Rapid team up- and downscaling to [optimize](https://www.scnsoft.com/software-development/about/how-we-work/estimate#cost-is-only-fair-when-optimized) expenses. ## Reliable Technologies & Tools We Use in Financial IT Projects ### Mobile - [iOS](https://www.scnsoft.com/application/mobile/development/ios) - [Android](https://www.scnsoft.com/application/mobile/development/android) - [Xamarin](https://www.scnsoft.com/application/mobile/development/xamarin) - Apache Cordova - Progressive Web Apps - [React Native](https://www.scnsoft.com/software-development/react-native/developers-for-hire) - Flutter - Ionic ### Low-code development - Microsoft Power Apps - Microsoft Power Automate - App Engine Studio (ServiceNow) - Bubble.io ### Databases / data storages #### SQL - Microsoft SQL Server - Microsoft Fabric - MySQL - Azure SQL Database - Oracle - PostgreSQL #### NoSQL - [Apache Cassandra](https://www.scnsoft.com/data/big-data/cassandra) - Apache Hive - Apache HBase - Apache NiFi - MongoDB - Microsoft Fabric ### Big data - [Apache Hadoop](https://www.scnsoft.com/data/big-data/hadoop) - [Apache Spark](https://www.scnsoft.com/data/big-data/spark) - [Apache Cassandra](https://www.scnsoft.com/data/big-data/cassandra) - [Apache Kafka](https://www.scnsoft.com/data/big-data/kafka) - Apache Hive - Apache ZooKeeper - Apache HBase - [Azure Cosmos DB](https://www.scnsoft.com/data/big-data/databases/azure-cosmos-db) - [Amazon Redshift](https://www.scnsoft.com/aws/amazon-redshift) - [Amazon DynamoDB](https://www.scnsoft.com/aws/amazon-dynamodb) - MongoDB - Google Cloud Datastore ### AI #### Machine learning platforms and services - Azure Machine Learning - Azure Cognitive Services - Microsoft Bot Framework - Amazon SageMaker AI - Amazon Transcribe - Amazon Lex - Amazon Polly - Google Cloud AI Platform #### Machine learning frameworks and libraries - Apache Mahout - Apache MXNet - Apache Spark MLlib - Caffe - TensorFlow - Keras - Torch - OpenCV - Theano - Scikit Learn - Gensim - SpaCy ### DevOps #### Containerization - Docker - Kubernetes - Red Hat OpenShift - Apache Mesos #### Automation - Ansible - Puppet - Chef - Saltstack - HashiCorp Terraform - HashiCorp Packer #### CI/CD tools - AWS Developer Tools - Azure DevOps - Google Developer Tools - GitLab CI/CD - Jenkins - TeamCity #### Monitoring - Zabbix - Nagios - Elasticsearch - Prometheus - Grafana - Datadog ### Blockchain #### Smart contract programming languages - Solidity - Rust - Vyper - Wasm #### Frameworks and networks - Ethereum - Hyperledger Fabric - Graphene - Parity Substrate - EOSIO - Cosmos SDK - POA Network - Polkadot - Solana #### Cloud services - Amazon Managed Blockchain - Oracle Blockchain - IBM Blockchain ## FAQ About ScienceSoft's AI & IT Services for Finance What are ScienceSoft’s cooperation models? Depending on the client’s needs, ScienceSoft can provide full outsourcing of a financial software initiative, a dedicated team to take over a part of the tasks, or staff augmentation with our best talents. Check the detailed [comparison table](https://www.scnsoft.com/files/software-development-outsourcing/outsourcing-models-comparison---sciencesoft.pdf) composed by our consultants to grasp the specifics of each sourcing option. How do you price your services for BFSI? ScienceSoft offers various pricing models (time and materials, fixed price, monthly subscription fee, per-ticket fee, hybrid, etc.), picking the fair one for each particular engagement. [Explore our approach to pricing](https://www.scnsoft.com/about/how-we-work/pricing-models) How much would a specific service (e.g., consulting, engineering, QA) cost? To obtain a free ballpark estimate, visit our [dedicated page](https://www.scnsoft.com/finance/pricing), where you’ll find self-service cost calculators for our most demanded financial solutions and services. If you’d like to request a tailored quote directly, feel free to reach out to our team via live chat, email, phone, or the [contact form](https://www.scnsoft.com/finance/contact-us). How do I know ScienceSoft’s services will fit my budget? We analyze the as-is state of your financial IT endeavor and evaluate its cost improvement potential, e.g., via comparing the TCO of your tasks performed in-house vs. by ScienceSoft or assessing the effectiveness of launching particular IT practices and tools. As a rule, our best practices (resource selection and scaling, scope controls, Agile, DevOps, Integrated Manual and Automated Testing, risk mitigation, etc.) help our BFSI clients cut their current investments by **over 2x**. How do you ensure high service quality? To provide high-quality financial IT services, ScienceSoft maintains an [ISO 9001-certified quality management system](https://www.scnsoft.com/software-development/about/how-we-work/quality-management) that rests on skilled and committed specialists, quality-centered leadership, transparent KPIs, collaborative decision-making, robust quality controls at each SDLC stage, and more. When it comes to financial software quality, we apply [accuracy-first design and development practices](https://www.scnsoft.com/finance/about/how-we-work/financial-software-accuracy) to build robust software with flawless automation logic. What are your practices to guarantee regulatory compliance? ScienceSoft designs custom financial solutions with operational (e.g., SEC, NAIC, SOX, AML/CFT) and data privacy (PCI DSS, GDPR, NYDFS, CCPA, etc.) legal requirements in mind and ensures 95%+ test coverage for the coded compliance rules. If you are entering an emerging market, we investigate its finance regulations and determine the relevant compliance requirements to cover. We can also handle continuous compliance maintenance. [How we approach compliance](https://www.scnsoft.com/finance/about/how-we-work/financial-software-compliance) How does ScienceSoft handle client data and intellectual property? With an ISO 27001-certified security management system, ScienceSoft relies on a mature security strategy, tried-and-true tools, and skilled security specialists to ensure robust protection of the client’s digital assets we access. Before our very first project discussion, we can sign a non-disclosure agreement (NDA) to legally protect your business data and innovative ideas. Moving forward, our Master Service Agreements (MSAs) guarantee that you retain legal ownership of the code created throughout our partnership. [Our practices in detail](https://www.scnsoft.com/about/security-management) How long would it take for your team to start the cooperation? We process your initial request within 24 hours and guarantee a cooperation start in 1–3 weeks, depending on the intended service scope, resource requirements, and your preferred collaboration pace. [Discover our onboarding flow](https://www.scnsoft.com/about/how-we-start) ## ScienceSoft in Financial Industry Media [image] Making AI Work in P&C Commercial Submission Intake _by [Vital Soupel](https://www.scnsoft.com/experts/vital-soupel), Senior Insurance IT & AI Consultant at ScienceSoft_ July 29, 2026 [Read on ITL](https://www.insurancethoughtleadership.com/ai-machine-learning/making-ai-work-commercial-submission-intake) [image] KYC/AML in Virtual Cards: Automation Handbook for Incumbents and Digital-Only Newcomers _by [Dimitry Senko](https://www.scnsoft.com/experts/dimitry-senko), Lending IT Consultant and Senior Business Analyst at ScienceSoft_ October 18, 2024 [Read on Finextra](https://www.finextra.com/blogposting/27053/kycaml-in-virtual-cards-automation-handbook-for-incumbents-and-digital-only-newcomers) Get in touch instantly [image]