The creation of complex technological solutions for financial management, quality guarantees, comprehensive approach, and expertise in creating fintech software is what working with MassMedia Group is all about. Through the analysis from both business and technical points of view, we transform your idea into a full-fledged product in the shortest terms possible. Let's take a step to success together!
The development of custom solutions allows us to transform unique ideas and business models into a specific web or mobile application. Creation and implementation of such software provide opportunities to increase profits, reduce costs, improve user service, and increase the number of users. Due to the closure of industry-specific needs, the target audience increases, having a positive impact on further development of the company. Such software will be a strong competitive advantage and will help your company to become a leader of the financial industry.
Nowadays, there are hundreds of new companies all over the world developing original solutions for their clients. Over the past few years, the attitude toward the FinTech industry has changed significantly. In 2015 FinTech companies declared themselves as a "revolutionary alternative" to the traditional financial services, trying their best to get large companies as partners. Now the business giants are the first to meet the startups. Businesses and clients have become well aware of the prospects of new players and their services. FinTech has made many areas of the financial industry more accessible and convenient:
In this area, technologies are used to help banks ensure regulatory compliance in the easiest and most cost-efficient way. The same category includes technologies that help regulators supervise banks in real-time.
Technologies are changing insurance models. Traditionally, in order to calculate the cost of auto insurance, let’s say, the client had to answer numerous questions in questionnaires. Now for the preliminary calculation, you can simply enter the registration number of the car. Modern systems pull up information from open databases and immediately give out an estimated cost of insurance.
Services of robot-consultants intended for a premium segment of the mass market. They aim to combine money management at the micro and macro levels.
The challenge of technology for peer-to-peer (P2P) lending by individuals is providing a link between those who have money and those who want to borrow it. In doing so, risks are reduced through the use of real-time analysis tools.
The use of financial technologies has significantly transformed this sphere. Innovations include p2p loans, interest-bearing financing of unpaid accounts, and crowdfunding. Crowdfunding is another area in which technology makes it easier to obtain financing.
One of the most interesting areas of financial technologies application is attracting about 4.5 billion people to the system of financial services, who previously had no access to it.
Artificial Intelligence, Big Data, and IoT can be called three whales of the FinTech industry. Without them, it is almost impossible to imagine modern financial or banking services. They provide an opportunity to develop and implement chat bots, virtual consultants, recognize voice commands (although the level of development of this technology isn’t high enough), automate processes, and make predictive analytics (credit scoring, fraud monitoring). In general, AI, BigData, and IoT open options for different services and companies for millions of new customers. But the main purpose of these technologies’ implementation is personalization, security of transactions, personal approach in service, saving time of clients and companies, and creation of reliable feedback. In one form or another, these technologies are present in all the key trends of the FinTech industry.
The emergence of new payment systems such as Dwolla, Stripe, WePay, and BlueSnap, as well as systems from Samsung, Apple, and Google have opened up new opportunities for e-commerce. With the advances of these technological solutions, businesses have almost no problems with making payments, transferring payments from one currency to another, or selling or buying goods and services for cryptocurrencies. All transactions are performed almost instantly with a high level of security for both the client and the platform.
The stumbling block of a large number of services is authentication and identification of users. On one hand, clients have the possibility of problem-free authentication in the service or application. On the other hand, it is impossible to simplify this procedure too much, as security will suffer. Modern technologies provide an opportunity to use the methods of authentication and identification, which were previously unattainable. First of all, we are talking about biometric methods, when a computer system recognizes a person by face, retina pattern, voice, or fingerprint. Adaptive authentication allows the service to significantly reduce risks, improve security, and recognize "good" users and simplify their work with the system.
According to statistics, the growth in the number of transactions with bank cards is increasing by about 14% annually. This is largely due to the introduction of such technologies as biometrics and contactless payments. Nevertheless, there are still problems. One of them is the false triggering of the security system when a legal payment is evaluated by the cybersecurity of the bank as a fraud. About 93% of fraud cases in online and mobile transactions are associated with unauthorized withdrawals of funds from the cards of bank customers. For high-quality servicing of transactions carried out by clients, behavioral analytics are used, an important part of which is artificial intelligence, working with BigData, machine training, technology for monitoring the security of client devices, biometrics, monitoring transactions, and data management technology.
Many FinTech-startups are closely connected with blockchain and cryptocurrencies. Distributed registry technologies are used in business for fast and efficient approval of transactions, tracking the issue of shares, cross-border payments, reporting, currency exchange, etc.
By transforming the ideas, goals, and requirements of our customers into real working products, we have already developed more than 400 diverse projects. The solutions we create will meet your needs, from both a business and technical point of view. We also offer our clients a lifetime code warranty, quality customer service at all stages of cooperation, reliable communication, and a comprehensive development approach.
The result will be a high-quality project that will allow you to bypass your competitors and strengthen your position in the market. Just contact us and find out what it means to work with MassMedia Group!
One of our work cornerstones is an individual approach and understanding of the client's business specifics. This allows us to create the best high-quality solutions using a methodology that fits your processes best. We accompany the project at all stages: planning, prototyping, creation, maintenance, and development of new versions. Solutions developed by us are already bringing real benefits to our clients, which you can see by viewing feedback about us on Clutch or Extract.
We provide IT-consulting services throughout the entire project development period, which helps to evaluate, analyze, and plan the development of software product features, from both a business and technical perspective. In this way, you will get the best-quality fintech software equipped with features that fit perfectly into your business processes. In addition, our specialists will analyze your infrastructure to form a truly reliable, secure, and functional solution.
The reliability of our products is ensured by the expertise of our specialists, responsive customer service, and thorough testing at all stages of solution development, as well as documented quality guarantees. In addition, every employee signs an NDA, so you can be sure that your corporate secrets are safe. Also, one of the main rules of our company policy is to work with maximum transparency and devotion to each project. Contracts we sign are made in accordance with the legislation of your country or international standards. In addition, our team regularly reports on the work done and planned, and our lifetime code warranty is one of the determining factors in our reliability.
We constantly provide feedback to analyze your suggestions and form an approach to improve the software. Our managers have a time limit to respond to the client, along with ongoing scheduled reports and a personal tech support. Moreover, you can always see how we work on your project by clicking the ‘Watch Online’ button on our website. It is the approach with maximum devotion to each project that makes us a truly good IT partner.
We create solutions in such a way that all your business needs, goals, and requirements are properly transformed into software. We can do this very precisely thanks to detailed technical assignment. This determines the final quality of the IT product, which in the future will be able to optimize the work of your company and bring it to a new level.
We offer our customers the most advanced technology stack available on the market. We can enhance your software with AI, ML, Blockchain, and other solutions if their implementation is appropriate. In this way, you can become the owner of a breakthrough solution that will help you to outperform your competitors and strengthen your position in the market.
MassMedia Group provides a free and lifetime code warranty. The written contract guarantees the prompt correction of any unexpected issues with the product, provided that the code has not been altered by third parties.
Meet ever-changing customer needs, increased regulatory pressure, and increasing security threats by updating your banking systems with MassMedia Group banking software development services. Our software solutions will help you reduce operating costs. Moreover, it can increase employee productivity and improve customer service. Form and implement an upgrade plan for your existing systems, update your bank cashiers software, redesign outdated bank databases, implement Interactive Voice Response (IVR) systems, and explore other innovative banking technologies with our experienced banking software development team.
From credit card payment processing to electronic payment services and electronic wallets, MassMedia Group opens up new opportunities for you to generate revenue from payments. Reduce your operating margin by integrating new payment gateways into your system. Gain additional profit from mobile wallets and data monetization. Make bulk credit card payments at a lower cost with a modern, reliable solution and scale your core business with our digital payment development capabilities. The area of payments can be divided into many areas, each of which has a place for automation and new technologies, including mobile wallets, mobile payments, online ordering and payment, electronic money, and payment infrastructure.
MassMedia Group helps develop credit platforms that customers can easily customize, integrate, and extend. Using these platforms, borrowers can get money quickly and effortlessly, so they can focus on their business rather than looking for funds. We help clients tie their credit platforms to banks to optimize their end customer financing. Our clients receive everything they want from development, including transparency, a flexible architecture built from scratch, and specialized experts in financial services.
MassMedia Group helps clients explore a growing range of opportunities that can offer Big Data in banking and financial services. Working with us, you will get a business and technology consulting partner as well as a development team. MassMedia Group can help you create a viable line of artificial intelligence and financial services and incorporate them into your operations. Take advantage of all the benefits of Big Data in your financial solutions — access real-time analytics, act on analytics immediately, and stay ahead of the competitors.
The financial services industry is merging with technology as customers demand more and more advanced features to improve user experience. But along with increased mobility and digitalization of services, FinTech's solutions bring new security threats to banks and financial companies. To improve cybersecurity and risk management, the FinTech industry has introduced strict policies and rules to be followed in the global distribution of financial services. MassMedia Group helps its customers develop software that improves information security and risk management by setting up all the processes to obtain international certifications and meet global standards.
The MassMedia Group team works in a "support service" mode, providing you with answers to all your questions about the FinTech software solution development. In addition, we support software products after the project is completed and provide a lifetime warranty on the code. Our team is ready to set up analytical tools to help you determine the quality of the FinTech software solution's performance.
Development of the custom FinTech software solution new versions which will
Eigil Arff Tarjem
CEO Defero AS
MassMedia Group excels at understanding our business. We have an open dialogue. Even being offshore, they speak English quite well. They’re honest and let me know if their team disagrees, which is something I appreciate and value. MassMedia Group delivered on time for all sprints. Their prices are competitive, and they’ve always completed work as expected in a high-quality manner.
Syed S. Hussain
Chairman of the Board, Myscore AS
All the people we have been in contact with have performed to the best of their ability and have provided good input and alternatives in difficult situations. They're service-minded people who spend time understanding the customer and the product. We have made many changes along the way and the team has met our expectations without any sort of hassle. Very understanding who really looks for and tries and understands the value of customer's products and piety.
CTO Greek Life Finance Management Co
MassMedia delivers high-quality code that requires few iterations. Highly proactive and timely in their approach, they continue to be valued partners. Their expertise and proven success has acquired a lot of trust to work across the company's development projects.
Let's start the development of your FinTech solution right now. Just press the button and our specialists will take care of the rest.
Why should you work with us?
We provide a comprehensive approach to the development of FinTech projects, and we have more than 13 years of experience in creating complex software solutions and have a high level of expertise in all aspects of interaction with the finance industry. Moreover, it is a matter of course for our specialists to ensure maximum client involvement in the project and provide the best client service possible.
Can you implement AI, Blockchain, ML, or other advanced technologies in our project?
Yes. If in the course of the analysis we reveal the expediency of implementing such technologies, we will certainly include them in your solution.
What are the quality guarantees of the final product?
We provide our clients with a free lifetime warranty on the code. This means that our company will fix all problems, if any, at our expense provided that the code was not modified by third parties.
Do you have any experience in developing FinTech projects?
Yes. MassMedia Group has successfully developed numerous financial solutions. You can take a look at them on rating sources and in the Portfolio section.