There are many challenges financial institutions face in today's digital banking landscape: integration challenges, meeting compliance, rigorous testing demands, necessary data security, and much more. Any financial institution that wants to remain competitive in this new digital age will have to find a way to keep up with the latest advances in information technology and security.
Only by solving these challenges will financial companies be able to keep up with their competitors and provide the optimal service that today's users demand. Also, quickly resolving such challenges will allow you to keep up with even the major banks.
Today we are going to look at exactly what a comprehensive software development company can do to help financial institutions to mantain competitive, and scale your business.
At KNDCODE, software development is more than just solving a day-to-day problem. It means setting our clients up for success with solutions that will scale in the long-term. We have the expertise, resources, and skills to create long-term, secure and scalable solutions for the fintech industry.
Our team knows the role software plays in financial institutions. As such, we know what we develop today will need to be prepared to change for tomorrow. Our company is dedicated to becoming strategic partners with our clients with top-notch outsourcing services.
As we discussed in the previous article, data security is of the utmost importance to financial institutions. Every online banking platform contains massive amounts of data and sensitive information that should never fall into the wrong hands.
As a result, financial institutions are frequently the target of cyber attacks. If one of these cyberattacks is successful, it would spell disaster not only for the end user but for the victim organization. It would mean more than just a serious blow to the company's reputation. Rather, since financial institutions are held to strict compliance rules, a data breach could also mean heavy legal penalties.
Our experts are familiar with the importance of data security for online banking after years of working with key players in the financial industry. We have a team of senior engineers and security consultants to help meet industry standards such as, ISO 8583, that specifically protects the financial data of your firm's consumers, with deep expertise in IBM's Connectivity, and Integrations, and CISCO's Advanced Routing & Firewall certifications.
As with many industries, financial institutions experience a serious challenge when it comes to integrations. Many of these companies have been in business for many decades. As such, its core software architecture runs on outdated legacy systems.
That's why these organizations need to partner with an experienced development company that understands the importance of software architecture to any business looking to scale for the long term.
KNDCODE can transform multiple independent applications of your IT environment into a coherent working system that allows greater efficiency and user comfort.
We design the integration architecture, implement the solution and modernize your legacy applications to allow them to work seamlessly in the new environment.
Testing and Debugging
Every good software developer understands that software is never truly finished. It’s an ongoing project no matter how solid the product is. Bugs are a fact of life. However, as we discussed previously, financial institutions cannot afford to let software bugs fly under the radar.
With so much sensitive data to protect, testing and debugging are top priorities for financial institutions . KNDCODE provides quality pos-delivery support to ensure the data and software of digital banking platforms remain secure, maintained, and enhanced well after it launches.
With our application services, we will provide your organization with operation and application support and staff augmentation when needed. What’s more, our testing and Q&A services provide critical assistance for long-term enterprise solutions.
KNDCODE’s financial institution clients receive only the best and most secure products from our comprehensive software development process.
KNDCODE Powering Financial Institutions
KNDCODE empowers financial institutions by providing the best in software development services. From dynamic payment platforms, online banking, central banking support, to financial documentation optimization and everything in between. Tackling even the biggest industry challenges by offering a comprehensive software development service approach.
Get in touch today to see how KNDCODE can empower your financial institution with the right software tools and solutions to stay competitive with even the major banks.
KNDCODE, Always Ahead, Forward, Near.