The banking industry is experiencing a wave of digital disruptions that are reforming the whole sphere. Bank institutions have come to realize that outsourcing of FinTech development products is more cost-effective than developing in-house Solutions. That is why we are targeted at partnering with FinTech Software development Companies to provide effective Solutions to their end client.

Nowadays, finance institutions have increased requirements for their FinTech Software. This is why our engineers take an individualized approach to FinTech product development. We understand that in today’s fast-paced world, sometimes even a decent development Company needs a helping hand. Project specifications may change and we are one of the few FinTech product development companies that is flexible and agile enough to address your needs even in the middle of the current project.


FinTech Software projects are different; it’s not enough to hire just any Software Company. Systems behind FinTech Services require:

  • Sound, stable and secure architecture
  • High performance and low-latency processing
  • Sophisticated and optimized algorithms
  • Integration with Systems of financial institutions

These characteristics have a direct connection to trust that our customers and users of FinTech Services or products require. Therefore these are specialist areas of craftsmanship here at Elinext.



–  Smart contracts implementation
–  B-commerce apps
–  Cryptocurrency wallets
–  Collaborative network for cryptotraders

Wealth management

–  Investment portfolio management platforms
–  Fundraising marketplace apps
–  P2P lending
–  AI-powered forecasting tools


–  Invoice management and processing
–  Hedge accounting
–  Payroll management
–  Reporting

Data and Analytics

–  Credability rating/ scoring tools
–  AI-powered financial chatbots
–  Data mining, processing, distribution, and archiving
–  Big data modeling and aggregation


–  Payment systems integration: Stripe, Braintree, etc.
–  (m)POS systems
–  Payment gateway and API development
–  NFC apps


–  Insurance underwriting
–  Claims management
–  CRM/CXM and loyalty
–  Fraud detection and prevention

Trading instruments

–  Trading signals and pattern recognition
–  Robo-advisors
–  Financial information exchange workflow
–  Alerting tools


Years of experience have resulted in us perfecting the way that we make FinTech Software. When working with us you can expect:

Transparent process. Agile processes and continuous integration.

Interaction. Constant customer interaction through joint standups and retrospectives.

Control and transparency. Frequent iterations, deliverables and demos maximising common understanding and progress tracking.

Quality. Your own test team, highly automated test processes, your own tools, Simulators and infrastructure (you have to see it to believe what we have automated).

Teamwork. Talented, experienced and engaged developers, testers, quantitative analysts, project managers, and architects.

Financial background. Financial industry know-how & years of experience, resulting in added value to your projects.

Always on the line. Proven processes and tools for remote cooperation (Trello, Slack, Track, Git or SVN code repositories and continuous integration and builds).

insurance innovation

Insurance And Innovation: How Technology Disrupts Traditional Business

2018-02-27 by Marina Astapchik

“The threat that inspires” – here’s how insurtech is referred to in media. Indeed, the innovation that comes to the industry has the disruptive nature. Well, it’s very early days for insurtech startups to transform the market but high customer expectations and rough competition encourage industry leaders to weigh the opportunities and risks of the future innovation.That said, traditional insurance companies find the ways to partner with insurtechs and gradually adopt groundbreaking technologies into their business lines.Take a look at the latest statistics from McKinsey&Company: insurtech companies have already embraced...

Smart vs. Ricardian Contracts: What's the Difference?

2018-02-28 by Marina Astapchik

We continue to explore the world of the blockchain, and one of the conspicuous notions in this field is called “a smart contract”. In this article, we’re going to find out what the difference between a smart and a Ricardian contract is. However, before diving into the details, let’s answer two simple yet legitimate questions: “Why one needs a smart contract in the first place?” and “Is there anything wrong with traditional contracts?”A brief answer to the second question would be that no, there's nothing wrong. Nevertheless, there’s one flaw...

Chatbots: the Future of Digital Banking

2018-02-19 by Marina Astapchik

Let’s start with myth-busting, shall we?AI-powered chatbots aren’t solely used for communication purposes. It would be fair to begin with this statement as, contrary to popular belief, bots are bigger than they may seem to the general public. In fact, more and more financial institutions are starting to consider them as customer-facing tools in their own right.The Amex bot -  the American Express bot - is a perfect illustration. This application connects an eligible U.S. Card to a Facebook Messenger account (so-called “Connected Card”) to get messages in...

Central Banking and Fintech: Points of Contact

2018-02-06 by Marina Astapchik

Last year saw new technologies and innovations taking the mainstream stage globally. Just remember what was on TV, social media or set the topic of your small talk at the office - the rise of technology served as the main headline and outcome of 2017. Its impact on society and the way we interact with each other is exceptional, and what’s more important - tangible. The Fourth Industrial Revolution is disrupting almost every industry in every country, and its propagation has no historical precedent.The entire areas of life are subject...

Blockchain for Business: 2017 Overview

2018-01-10 by Marina Astapchik

My colleague skyped me yesterday saying: “Just decided to watch TV for the first time in 2 months. Guess what was the first thing I’ve seen right away?” I replied: “Something about blockchain?” and received a laughing out loud smile as her consent sign. However, it wasn’t a hard guess for me as we’ve been discussing blockchain all day through at the office.    The year 2017 is over, and no notion in the world got more hype than blockchain and cryptocurrencies. At the same time, there’s a certain amount of...

What makes a good cryptocurrency wallet?

2018-01-08 by Marina Astapchik

Today, cryptocurrency wallets are the only way to manage, sell, buy or keep track on cryptocoins. The idea of digital money is senseless without them. Whenever you buy bitcoins, ethers, or any other cryptocurrency or tokens, you’ll need to store them in a single-use or multi currency wallet app.According to the Forbes analytics, about $21 billion of funds are stored in the cryptocurrency wallets with lost access. The main reason is simple: people forget their passwords, as they have several wallets with different levels of security. While severely protecting their...

8 Characteristics Of The Next-Generation Financial Services Websites

2018-01-31 by Marina Astapchik

When it comes to the face of business, it is important to change it over the time to keep up with the pace of innovation. Digital revolution sets its own rules on the way business is transformed. Brick-and-mortar shops are empowered with online versions, face-to-face payments – with one-click purchases, and no company can be successfully represented without a good website. Among others, financial services providers may feel a bit overwhelmed with radical changes they need to undergo, as their principal value has always been security and confidentiality, which implies...

The app for token sale and ICO: what will attract investors?

2017-11-21 by Marina Astapchik

New business ideas emerge every day, and ever more people compete in tenders to raise funds to finance their startups and give these a push. However, investors are led by their personal preferences and put up their capital in the business ideas which are the most perspective and the most trustful from their point of view. But,  what if investors turn your project down and you are still sure that public will love your idea and your product or service will make a hit for certain audience? Probably, the best...

7 Reasons Why Banking And Financial Industries Need More Mobile And Tablet Applications

2011-12-23 by Marina Astapchik

Banking, like other industries, aims to increase quality of service and to spread business. Nowadays "mobile device"and "convenience" become synonyms. That's why, mobile applications are very important for highly productive banking and financial industries. 7 reasons to create mobile applications for these areas will be discussed below.Reason 1. Prevalence of mobile devices. It is not a secret that mobile devices are widely spread. And computational power of these devices grows every day. For common users portable devices deliver almost the same functionality as desktops: Internet browsing, conversations, gaming, file editing,...

Secure Financial Operations with ASP.NET

2012-05-02 by Marina Astapchik

The objective of this article is to show how we can build a secure application for providing financial operations.First we start with architecture development.To make our application secure, we can use a three-layer architecture. It means that we split our application into three layers: database layer, business logic layer, and presentation layer. These layers are illustrated on Figure 1:Why doing this? From the image we can see that only the presentation layer is available from the web, so we minimize risks that our application will be broken by hackers, because the...

Card Payments with Time & Materials Android Application

2012-05-09 by Marina Astapchik

IntroductionTime and Materials application for Android tablet is a mobile point of sale (POS) application. It is a part of a complex payment solution which has the following components:1. Time and Materials application running on an Android tablet;2. PIN Entering Device (PED);3. Payment gateway;4. Accounting server.Card payment processIn this article I will describe the implementation of the card payment process in the Time and Materials application. PED, ATM and Payment Gateway take part in this card payment.The payment process consists of the following steps:1. Time and Materials application sends initial...

NFC Payments: 5 Facts about the Bright Future

2012-07-24 by Marina Astapchik

NFC (Near Field Communication) technology enables a secure wireless exchange of information between two devices over a very short distance (within a few inches). It is ideal for transmitting small amounts of data with minimal set-up time and power consumption. NFC has a great potential for a wide array of uses, especially for mobile payments.At the moment, Near Field Communication is being increasingly used for the payment of goods in-store and as transport tickets. Over time NFC can phase out signature- and PIN-based cards.Here are 5 supporting facts about the...

Financial Services Mobile Apps Help Both Businesses and Their Customers

2012-08-20 by Marina Astapchik

Pervasive computing encourages today's financial services companies to run their business virtually and attain their "digital" customers in an ongoing way anytime and anywhere. Without doubt, a genuine competitive financial institution should strive to provide mobility solutions for their customers. Using wireless Internet access and mobile collaboration, pathfinders of finance industry boost their clients' loyalty and satisfaction, enlarge customer base attracting new clients and enhance their revenue.Tomorrow’s leading financial institutions will become those that are able to go with the innovative stream of the modern tech-savvy world. According to the...

Cloud computing for the financial services industry

2014-07-26 by Marina Astapchik

Under the circumstances of the oft-recurring crises and system breakdowns, fierce competitiveness and emboldened clients, changing business models and global financial assets tripling by 2020 (at least, according to some estimation), CIOs see cost reduction as well as the change of the status quo as critical business priorities for the future. New challenges demand new approaches. Cloud computing, the buzzword that can be a Messiah for financial services industry. "Move to the cloud and never wait for the server" this phrase could really be the motto for financial firms. To...

Consumers and mobile financial services

2014-08-13 by Marina Astapchik

Nowadays financial services environment is expected to be much more nimble than it used to be before. A new level of transparency and convenience is needed so as to be able to survive under the conditions of intense competition. That is why mobile devices are widely used in financial services, providing these institutions with an opportunity to enhance their business performance and develop a competitive edge. Needless to say, mobility has a considerable impact on the effectiveness of work of financial establishments as it drives the process of decision-making, improves...