Top Fintech App Development Companies

In 2024, the fintech industry is still changing and innovating the ways businesses and customers’ using financial services. Ranging from banking software development and digital banking applications to decentralized technological systems, such as the blockchain, the future of fintech is evolving drastically. Standing at the center of this metamorphosis are the fintech app development companies that provide enterprise-level, secure, scalable, and visually appealing fintech solutions for any type and size of businesses.

This has made Europe one of the world’s innovation centers for fintech, with many fintech app development companies in that region. Whether you are a start-up company that wants to introduce the updated version of a digital wallet or an industry giant that needs to transfer to a new technological level, cooperation with the right fintech app development company can be the basis for success. Thus, in this article, we are going to unveil the list of the top 10 fintech app development companies in Europe of 2024, which are to be identified based on the rates of their ratings, the number of successfully completed projects, the technical achievements, and unique solutions offered by each company.

These companies are leading the way to design and develop digital products that make the financial market productive, secure, and responsive to high regulation standards and consumer-based experiences. Now, let’s look more closely at the leaders of the European fintech market and how they could contribute to the further development of fintech for your business.

What Is Fintech App Development?

‍Fintech app development means the creation, planning, and implementation as well as sustaining the applications that support the financial sector. They are intended for various uses in the financial industry, intersection with mobile banking and payment systems, as well as investment and blockchain applications. The aim of the fintech app development companies is to build accessible, effective, and secure solutions that can be used to improve consumers’ and businesses’ financial activities.

According to Custom Market Insights (CMI), the fintech technologies market size was estimated at USD 215.3 billion in 2022 and is expected to hit around USD 751.5 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2032.

Today, a number of applications in finance have turned into necessities for operating with financial innovations, helping companies to cut expenses and provide clients with efficient service. The creation of fintech apps can involve the use of such advanced systems as artificial intelligence, machine learning, blockchain, and big data to guarantee that the app is in a position to deal with large volumes of trade without any problems. According to the purpose of providing novel financial services, fintech apps are not only restructuring the conventional banking sectors but also are extending opportunities to users and companies to avail facilities through the financial world in a more convenient way.

‍Services Fintech App Development Companies Can Offer

‍There are various fintech app development companies in the market that are capable of providing all kinds of services to businesses related to the financial industry depending on their requirements. These services can be broken down into several key areas:

Custom Mobile and Web Applications

Fintech app development companies build applications in the context of mobile banking, digital wallets, investments, and others. These are applications that furnish users with the power and ease of transferring, performing, and accessing financial transactions.

Blockchain Solutions

Blockchain technology provides more transparency, better security, and faster solutions. Some fintech app development companies create blockchain-based applications for decentralized finance, or DeFi, cryptocurrency wallets and clients, smart contract management systems, and much more, letting companies reap the benefits of distributed ledgers.

Payment Gateway Integration

The acceptable and safe means of payment is the core of any fintech application. Payment systems are technically incorporated to support a wide variety of payment types, including credit cards and those of modern digital wallets, so that both the seller and the buyer can securely and conveniently pay for the purchases.

Application of AI & Machine Learning

Fintech applications use AI/ML technologies in such areas as fraud prevention, customer interactions, and predictive modeling. These technologies improve security, a workflow process, and the experience of the user.

Digital Lending Platforms

Fintech app development companies build technologies for lending that make loans more accessible, can analyze credit risk more effectively, and grant credit services for both individuals and companies.

Regulatory Compliance Solutions

Most of the financial regulations are very vital and must be followed by any given fintech application. There are some fintech app development companies that are involved in the risk assessment and implementation of compliance services to follow guidelines like GDPR, PSD2, and AML regulations.

Through such activities, fintech app development companies enable enterprises to design technologically sound, robust, and new-generation financial solutions that meet the requirements of the contemporary financial landscape.

7. N-iX

Year established: 2002

Clutch rating: 4.8

Having started its operations more than two decades ago, N-iX has grown to be a prominent fintech app development company, mostly offering services in the fintech industry. These include mobile and web applications, blockchain solutions, and IT consulting services. Their expertise areas contain payment systems, insurance solutions, and financial data processing. N-iX is the preferred solution provider for companies looking to meet some of the highest international standards.

The firms’ 1,500 employees have worked on projects for companies that range from Fortune 500 enterprises to small startups, pursuing goals that entail optimizing their financial activities and transitioning to digital environments. Year after year, N-iX is listed among Clutch Global Leaders, which indicates its capability of completing intricate fintech projects in terms of both time and cost.

8. AND Digital

Year established: 2014

Clutch rating: 4.7

AND Digital is not a run-of-the mill fintech app development company. The company was established in 2014, and since then, it values creativity and people-centric ideas through its digitization process. Focused on assisting banking and finance companies in updating old architectures, London-based AND Digital creates typeahead mobile apps that are adaptable, swift, secure, and easy to use. With a presence in 18 different locations in Europe, this fintech app development company has all the resources and talents to take on even the most complicated issues in fintech.

It means that they are able to provide fully functional solutions comparatively fast, while at the same time preserving the high quality of the delivered work as well as all the necessary compliance. Because of this ability, this fintech app development company has secured partnerships with some of the biggest global financial institutions and is a finalist at the UK Tech Awards. No matter it is the cloud integration services or the fintech app modernization solutions, AND Digital is the right team partner for any innovative financial services.

9. Intellectsoft

Year established: 2007

Clutch rating: 4.9

Intellectsoft has been providing custom software development services for more than 15 years, while fintech has become its dominant specialization over the past few years. Its solutions cover banks, insurance firms, and other financial institutions with the need for personalized fintech applications. They may include advanced technology concepts, such as artificial intelligence, machine learning, and blockchain, among others. The fintech apps developed by Intellectsoft are designed for processing large volumes of financial transactions with references to international standards of security.

Financial industry giants have been working for many years with innovations developed by Intellectsoft. This fintech app development company is a powerful Clutch award winner. Hence, the company’s concentration on personalized and premium security makes them an ideal partner for the businesses that seek to build amazing financial products.

10. Ciklum

Year established: 2002

Clutch rating: 4.8

Ciklum is a giant in the IT and fintech development industry with more than 3,500 employees. This fintech app development company has been working on fintech projects for some of Europe’s major financial institutions. They provide the spectrum of fintech app development to large-scale digital transformation, specifically specializing in secure, scalable fiat and emerging fintech applications. The company specializes in blockchain, AI, and data analytics fields. They are able to assist clients in enhancing their payments system as well as developing risk management tools.

Ciklum has a diverse portfolio of clients from different countries. They hold vast technical experience to design a rock-solid fintech platform capable of managing millions of transactions on a daily basis. In 2023, they were named as Forbes Best Outsourcing Company, which proved the fact that it is a leading fintech app development company in Europe.