5 Things to Consider When Choosing Reliable Fintech Outsourcing Partner

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5 Things to Consider When Choosing Reliable Fintech Outsourcing Partner

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Outsourcing is currently the leading cooperation model in IT, and nothing indicates that it will change anytime soon. If you're searching for an outsourced partner for your fintech project, you should have a few things in mind. Here's what's worth paying attention to.

Whether you have a department ready to cooperate with the external development team or you're searching for an end-to-end service that will leave you with a top-notch app, outsourcing is what you may be looking for. It can solve many productivity-related issues and help you cut the overall operational costs. 

The benefits of outsourcing are numerous - in a nutshell, such a business cooperation model increases efficiency and saves time. It allows introducing innovations within a short period without hiring additional employees. By choosing it, you can skip a time-consuming recruitment process and meet tight deadlines.

If you're planning to develop a banking app, implement an efficient authentication process or just introduce new payment options to your online, finding a reliable outsourcing company specialized in fintech is essential. What makes a good partner?

#1 Fintech expertise

Fintech is much more dynamic than other niches when it comes to trends and innovations. The current crypto revolution and other finance-related issues add the fintech digital solutions an extra layer of complexity. The outsourcing partner you choose should have experience in cooperating with the finance sector. The safest choice is a company that is actually specialized in fintech.

#2 AI solutions in offer

The efficient processing of data is the foundation of basically any fintech solution. With AI, you can bring efficiency to the next level, taking advantage of the information your clients provide you with to make their experience even better. Using machine learning models and automation tools, you can improve security, too.

#3 Excellent UI & UX specialists

In banking, the intuitiveness of the interface is particularly important. The UI and UX should facilitate carrying out transactions and managing accounts through clean and thoughtful design. Make sure your IT partners understand its potential and take advantage of it by using good design practices and researching instead of heading right into the development phase.

#4 Outsourcing model

Offshoring is the most efficient when it comes to cutting costs, but it can sabotage the fintech project in which every smallest detail counts. To avoid culture circle and time zone difference-related issues, choose a fintech software development company working in a nearshoring model instead.

#5 Country of origin

Some countries - let's take, for instance, Poland - are considered fintech pioneers due to the broad spectrum of innovations, automation, and modern interfaces. Choose a partner localized in one of them to facilitate business growth!

Updated 10:51 PM UTC+8, 27 Sep 2022
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Ken Karlo Staff
Ken Karlo Staff
Staff
 
A KenKarlo's staff that's responsible for publishing articles related to technology, press release, news, guest posts, and other category.
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