Financial IT Services Give You a Competitive Advantage

At DAS Solutions we understand that financial companies need solid IT services to stay competitive. That is why we provide you with custom financial IT services that help you get closer to your business goals and align with your budget.

We develop fintech solutions in the following areas of the financial industry:
• Banking
• Financial Services
• Capital Markets
• Investment Management
• Investment Banking

Here are some financial IT services and solutions we can potentially provide for you:

1. A platform that can give your customers the possibility to respond to your SMS-receipts. With this option you will have the possibility to listen to what your customers have to say and adjust your services accordingly.

2. Secure online payment systems that will eliminate long queues and improve the customer experience.

3. A web-based application which makes the connection between a bank and an insurance company that generates documents, calculates the sum of the insured objects, keeps track of all sales and generates reports regarding agents’ activity.

4. A solution that will let your customers take loans online based on their credit history. You can decrease the interest rate for those who use the online system to make it more appealing in the promotion phase. The procedure does not require a lot of resources and does not involve tedious bureaucracy.

5. A crowdfunding platform that will help both new and well-established companies to identify new business opportunities and diversify.

6. An application for mobile phones and tablets that will allow one to pay for services using mobile devices.

7. An application that will give wholesale and retail merchants the ability to sell their products in credit without long discussions with banks. Such an option will significantly increase sale rates.

8. A budgeting tool that will help you track expenses and income for your business.

9. An online stock trading platform and application that will allow its users to trade in an easy and enjoyable way.

10. A peer-to-peer lending platform where rates are low, the application process is simple, and lending decisions are made quickly.

These are only examples of what can we develop and implement, we can create any solution based on your needs. Contact us directly to find out how our financial IT services and solutions can help you save time, resources and most importantly, bring you additional revenue.

Moving Forward,
DAS Solutions Team. 

Did You Know about These Five Fintech Trends?

Keeping up with fintech trends may be uneasy for companies, however this can be crucial for business development and clients’ loyalty. Here are five trendy fintech trends you should know about.

  1. UX (User Experience)

Of all the fintech trends out there, User Experience has become a competitive necessity. Customers should enjoy both personalized financial offerings and attractive user interface. Therefore, financial firms tend to fulfill business needs by combining user-centered design with that meaningful experience for customers.

  1. Omnichannel experience

Customers can use services through different channels (ATM, mobile apps, desktop apps, web services, call centers, etc.) which empowers them to use the right tools in the right circumstances. This fintech trend helps understand customers’ activities on different platforms, analyze them, and improve the overall UX.

  1. Mobile payments

Mobile payment processing systems are a fintech trend that will become more popular in the coming years. Many big companies have introduced applications into the market that allow one to transfer money and even pay without reaching out for your wallet. These apps came in as a response to the need for fast transactions. The reality is, if banks cannot provide their clients a certain service, then software development companies will.

  1. Cryptocurrency

Cryptocurrencies such as bitcoin offer many benefits such as lower costs, increased privacy, and extremely fast transactions. The idea of sending money almost anywhere at a low price is compelling, however there are big and established competitors in this area that are hard to pass over. Bitcoins are facing adoption problems because people don’t tend to break their habits easily so no one pays for their dinner in cryptocurrencies – at least not yet. But the benefits provided by bitcoin should be evaluated, and fintech companies are quickly working to find ways in which these can be brought into the mainstream.

  1. Crowdfunding

Crowdfunding platforms became a popular fintech trend a long time ago. They help people bring their ideas to life. Traditionally, these platforms have been used by start-ups, but recently Sony organized a successful crowdfunding campaign, and it is currently raising funds from the public for a second time to launch a product. Of course there are other platforms that enable large transactions, offer payment processing, escrow accounts, etc. The big difference is that companies are now targeting crowd funded equity and debt issuance. The crowd funded platform allows to accelerate a company’s growth by leveraging its easy to use tools.

If financial institutions do not keep up with the newest technology, they risk becoming uncompetitive. A deep knowledge of fintech trends and the adoption of innovative technology will provide new opportunities to drive revenue and expand product portfolios, especially in the medium and long term.

Quality. What Does It Mean for IT Outsourcing?

Often touted as a given by outsourcing and nearshoring companies from Eastern Europe and beyond, quality should define the relationship between developer and partner/client.

Each client wants to be sure that the company they choose as their partner is legitimate and trustworthy. But how does one define quality? More importantly, how does one assess which firm has a better claim at being “the best software development company”? The answer is never straightforward, but there are general guidelines that can help when selecting a high qualitative outsourcing or nearshoring partner. Below, I discuss three sources of quality you should consider when seeking a partner: experience, reputation, and team.

Experience.

First, one should always look at the company’s experience. Qualitative past activities are usually an indicator of future success. Furthermore, the industry in which each outsourcing company specializes is important (e.g., a bank, a leasing company, or an insurance firm will feel most confident when they see financial industry experience on a company’s public profile).

Reputation.

Qualitative deliverables usually correlate with a high level of reputation, especially in the software development field. Good references, happy clients, and happy employees point to a decisively good reputation for the entire company. These are also an indicator of consistency. A Google search will quickly bring up any red flags regarding the company’s reputation.

Quality Team.

Another critical indicator of the quality provided by the company is the ranking of its team. These days, one can easily use LinkedIn to verify the level of expertise that the partner’s team possesses. You can weigh the potential value generated by the individual team members. Highly experienced and certified developers will always produce high quality software.

Of course there is no magic formula when selecting a new partner, but keeping in mind these general tips will help you separate quality from the general noise. A healthy dose of caution will never hurt when seeking your long-term partner in software development.

This article is part of a series.