Core banking, payments, lending and the fraud detection around them. We build financial software that clears the compliance regime it answers to and holds up on the day volume arrives.
Trusted By
750+ happy clients, including top Fortune 500 companies
Our solutions
We help banking and financial institutions make servicing operations reachable for every customer, scalable, resilient systems built for security and for the operational efficiency behind it.
Automating the operations that currently move at the speed of a person retyping them, which is where most of a bank’s handling cost sits.
The applications a customer actually touches, built so the digital journey does not end at a branch visit.
Large-scale processing for BFSI, where volume and correctness matter more than anything on the surface.
Platforms carrying advanced financial products, built for the scale and resilience that multi-party finance demands.
AI-driven security aimed at fraudulent activity and malicious behaviour, in a sector where both are constant rather than occasional.
AI assistants that answer real customer questions and give personalised help, rather than routing everyone back to a phone queue.
Our offerings
We build for corporate banks and financial institutions to the compliance regime they answer to , scalable, usable systems, with the security of the data treated as part of the brief rather than a later phase.
Working through your financial IT estate with you: what the software should be doing for the business, and where it is currently costing the customer time instead of saving it.
Platform-based systems built from scratch for real-time data interaction, bespoke reporting and the customer engagement a bank actually needs, rather than the subset a product happens to offer.
Revitalising an outdated financial system with current design, tuned performance and the features it has been missing, without disturbing what the institution already depends on.
What are you waiting for?
Consult our team and kickstart your project today.
Guide
Five questions that come up in every banking build, answered in the order they tend to arrive. Pick the one you came for.
In this guide
Building against a compliance regime?
Talk to our team about what AML, KYC and PCI DSS actually cost a build before you scope it.
Talk to an expertDigital banking (neo-banking, branchless banking) delivers the whole product through web and mobile. Lower cost to run, a better interface and smarter features are what make it attractive. These are what make it hard.
What a branchless bank has to solve
Four controls do most of the work. None of them is optional, and the gap between having them and having them configured properly is where incidents happen.
Encryption
Data converted into a form that is useless to whoever intercepts it. This is what makes the difference between a data breach and an attempted one.
Robust authentication
Multi-factor authentication to verify who is actually asking. It is the control that stops a stolen password from being enough.
Regulatory compliance
Adherence to the regimes that apply, PCI DSS, GDPR and their regional equivalents. Compliance is the floor for how financial data has to be handled, not a certificate to hang up.
Software updates
Regular patching across the stack, so a known vulnerability does not stay open. Most successful attacks use one that was already published.
Banks operate in one of the most heavily regulated environments there is, and the detail varies by region. The themes do not.
What the regulation covers
How to stay on top of it
Six technologies currently doing the heavy lifting in financial software, and what each is genuinely good for.
AI and machine learning
Faster, more accurate analysis than a rules engine, which is what improves both the decision and the experience around it.
Blockchain
Transparency and immutability in transaction handling, useful specifically where several parties need to agree on one record.
Robotic process automation
Automating the repetitive work where human error is the main failure mode, and where the cost is the volume rather than the difficulty.
Internet of Things
Sensors and wearables generating behavioural data that a financial system can act on.
Cloud computing
Scalability and cost control, and the reason a startup can stand up a banking application at all.
APIs and open banking
Controlled data sharing between institutions and the software around them, the foundation most fintech products are built on.
Mobile wallets keep payment credentials on the device and settle contactless. Convenience is why they won. These are the two sides of where they are now.
Challenges
Opportunities
Why Sphinx Solutions
Every engagement is planned against what the financial business actually needs rather than against a standard scope. Our developers work across the full range of financial software for clients worldwide, pairing current technology with an approach that survives contact with a regulator.
200+
In-house engineers
1500+
Solutions delivered
1.5x
Faster delivery
99%
Client satisfaction
Resources
Technology
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Connect with us
Everything you need to know about building banking software. Can’t find your answer? Get in touch.
Software built to run banking and financial operations, used by banks, financial institutions and credit unions to manage accounts, handle transactions, meet regulatory obligations and keep the whole operation coherent. It usually covers:
By working out what a customer needs before they have to ask for it. In practice that means:
The ones currently doing most of the work on security, usability and function:
Through RESTful APIs, which is what makes cross-channel behaviour work: real-time transfers between accounts, access to statements, and a consistent view of a customer whichever channel they arrive through.
A basic system runs roughly $30,000 to $60,000 over three to six months; one with custom features $60,000 to $150,000 over six to nine months; and a genuinely complex system $150,000 to $250,000 over nine to twelve. Interface design, platform choice, feature set, team size and location all move the figure.
