Legacy core systems
Decades-old core banking software that's slow, fragile and costly to change.
Industry · Banking & Finance
Banking Software Development Company
Sumedha Softech builds banking software for institutions that cannot afford downtime, data exposure, or compliance gaps. As a banking software development company, we deliver core banking systems, digital channels, and compliance-ready solutions that stand up to audits, scale with transaction volumes, and give your teams software they can depend on every day.
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Years of experience
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Projects delivered
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In-house engineers
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Code & IP ownership
Trusted by founders and product teams worldwide
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The problem
Banking runs on software that holds it back
Legacy cores, compliance pressure and rising customer expectations slow innovation and drain budgets.
Poor integrations
Core, payment and channel systems stitched together with brittle connections.
Compliance burden
KYC, AML, PSD2, SOX and Basel obligations that are hard to meet on old platforms.
Security & fraud risk
Money and sensitive data exposed by systems never designed to protect them.
Weak digital experience
Customers who expect fast, secure banking from any device, anytime.
Slow time to market
Rigid platforms that can't launch new financial products fast enough.
Custom banking software fixes this — secure, compliant and built for enterprise scale.
What We Build
Banking Software Development Services We Provide
From core banking to compliance and payments, we build banking software development services suited to how financial institutions actually operate.
Mobile & Digital Banking
We build secure mobile banking apps and digital banking platforms that handle accounts, transfers, payments, and onboarding without friction. Biometric login and bank-grade encryption run underneath, so customers get quick, secure access without your team cutting corners.
Core Banking & Modernization
We modernize legacy core banking systems into flexible, API-first architectures built to scale with your institution as it grows. From data migration to open banking integration, we handle the technical complexity on our end, while your day-to-day operations keep running through the switch.
Banking CRM Software
We build banking CRM software that connects customer data across every channel, giving relationship managers the full picture before they pick up the phone. Integrated with your core systems, it turns scattered account history into insight your team can use.
Financial Compliance & RegTech
We take KYC checks, AML monitoring, and regulatory reporting off your compliance team's plate, freeing them up to focus on judgment calls instead of paperwork. Every workflow leaves behind an audit trail that regulators can follow without a hassle.
Lending & Credit Systems
We build lending and credit software covering origination, underwriting, and servicing, with automated decisioning that speeds up approvals without losing the reins on risk. Borrowers hear back faster, and your credit team still sees exactly how each decision is made.
Treasury & Risk Management
We build treasury and risk management platforms that give finance teams real-time visibility into liquidity, exposure, and cash positions across the institution. Dashboards update as transactions happen, helping your team spot risk early and manage cash flow with a clearer head.
Payments & Card Processing
We manage transactions, settlement, and fraud checks through payment processing and card issuing systems built for speed. Whether you are launching new payment rails or modernizing existing ones, security and compliance stay built in from day one.
Wealth & Investment Management
We build wealth and investment management platforms that give advisors live portfolio data and clients clear visibility into their own holdings. From robo-advisory features to detailed reporting, every screen is built to support real investment decisions.
AI in Banking
We build AI-powered fraud detection, credit scoring, and document intelligence tools trained on your institution's own data, with full auditability built in from day one. Every model comes with guardrails your compliance team can genuinely explain when a regulator asks.
Build banking software your customers and regulators trust
Secure, compliant and scalable, from a single integration to a full digital banking platform.
Who We Serve
Who We Build Banking Software For
We deliver financial services IT solutions for banks, neobanks, lenders, wealth managers, and financial enterprises building for scale and compliance.
Banks & Credit Unions
We modernize core systems and build digital banking apps that keep long-time customers loyal.
Neobanks & Startups
We help digital-first banks launch compliant, fast products built to scale from day one.
Lenders & NBFCs
We build loan origination, servicing, and credit platforms that speed up every lending decision.
Asset & Wealth Managers
We build portfolio, advisory, and reporting platforms that give clients real-time visibility into holdings.
Payment & Card Firms
We build processing, issuing, and settlement systems that move money securely at real speed.
Insurance & Capital Markets
We build policy, claims, trading, and risk platforms tailored to complex financial workflows.
RegTech & Compliance
We build KYC, AML, monitoring, and reporting tools that keep compliance teams audit-ready.
Financial Enterprises
We build treasury, ERP finance, and embedded finance systems for large financial organizations.
0Faster product launches
0Platform uptime
0Less fraud & risk
24/7Monitoring & support
Security & Compliance
Security Built Into Every Layer
Compliance is not something that is bolted on after launch. We build it into architecture, workflows, and audit trails from the first sprint.
Talk ComplianceKYC, AML & RegTech
Identity verification, screening, and regulatory reporting built into every workflow, not added later.
PCI DSS & Payments
Card data security, tokenization, and strong customer authentication protect every transaction end-to-end.
Open Banking & PSD2
Standards-based APIs give third parties secure, controlled access to accounts and payments.
SOC 2 & ISO 27001
Independent audits validate our security practices, giving your institution proof, not promises.
GDPR & Data Protection
Encryption in transit and at rest, least-privilege access and full audit logging throughout.
Basel III & SOX
Financial reporting and risk controls built to satisfy internal auditors and external regulators alike.
Outcomes
What better banking software delivers
Measurable gains for customers, operations and the bottom line.
Faster to market
Ship new financial products in weeks, not quarters.
Lower fraud & risk
AI-driven detection and compliance built in from day one.
Better customer experience
Fast, secure, digital-first banking on any device.
Connected systems
Core, payments and compliance working as one platform.
Compliance assurance
Auditable systems that stand up to regulatory scrutiny.
Scalability
Architecture that grows from launch to millions of accounts.
How We Work
From Discovery to a Compliant Go-Live
A process built for real banking software development, where security, compliance, and zero surprises matter more than speed alone.
Discovery & Compliance
We map your existing workflows, data structures, and applicable regulations before writing a single line of code for your platform.
UX & Architecture
We design customer-friendly interfaces backed by a secure, compliant architecture that can handle real transaction volume without slowing anyone down.
Agile Development
We build in bi-weekly sprints, shipping clean, tested code with security checks built into every stage rather than added at the end.
Integrations
We connect core banking, payments, KYC, and channel systems so that information flows across your organization rather than sitting locked in silos.
Security & QA
We run penetration testing, independent audits, and full user acceptance testing before anything reaches production, so nothing goes live untested.
Launch & Support
We roll out your platform in stages, then stay on for monitoring, updates, and ongoing improvements long after the initial go-live.
Hire banking software developers at Sumedha Softech
Add senior, vetted engineers to your team in days — no recruitment overhead, no long-term lock-in.
Technology
Technologies Behind Our Banking Software Solutions
We build secure banking platforms using proven technologies selected for scalability, reliability, performance, and regulatory requirements. These include:
React
Angular
Vue.js
Next.js
Java
.NET
Node.js
Python
Golang
Swift
Kotlin
React Native
Flutter
PostgreSQL
MS SQL Server
MongoDB
Redis
AWS
Azure
Docker
Kubernetes
CI/CD Pipelines
REST APIs
GraphQL
Open Banking APIs
ISO 20022
SWIFT
OAuth 2.0
OpenID Connect
MFA, Encryption
Identity Management
Why Sumedha Softech
A banking software partner you can trust
Domain experience, senior engineers and a security-first mindset.
15+ years experience
A long track record shipping secure software for regulated industries.
Banking expertise
As a banking software development company, we know core, payments, KYC and open banking.
Senior, in-house teams
Vetted, full-time engineers under a strict zero-contractor policy.
Security-first
ISO 27001 and SOC 2-aligned practices protect money and data.
You own the IP
100% of the source code and IP is yours, with no recurring licence fees.
Long-term support
Maintenance, monitoring and new features long after launch.
Selected work
Our Portfolio
A snapshot of the products our clients trust us to build and keep running.
Client stories
What our clients say
We measure success the way our clients do — by trust that turns into long-term partnerships.
★★★★★
"With Sumedha Softech, everything is possible. They turned a complex idea into a product that just works."
★★★★★
"They always find solutions to the problems we run into and are genuinely easy to work with. After three years, they feel like part of our own team."
★★★★★
"They support us with larger development tasks and ongoing fixes. Their level of technical expertise is genuinely very high."
★★★★★
Sumedha Softech Pvt Ltd delivered a website that the client could fully update and manage in-house. The team demonstrated solid project management and was responsive and easy to deal with. Sumedha Softech Pvt Ltd's patience and ability to work closely with the client set them apart.
FAQ
Banking & Finance IT, Answered
The questions we hear most from banks and financial institutions. Still curious? We are one message away.
Ask us anythingWhat banking software development services does Sumedha Softech provide?
We are a banking software development company offering mobile and digital banking, core banking and modernization, banking CRM software, financial compliance and RegTech, lending and credit systems, treasury and risk management, payments and card processing, wealth and investment management, and AI in banking.
Is your banking software secure and compliant?
Yes. We build to PCI-DSS, KYC/AML, PSD2, SOX and Basel where they apply, with tokenisation, encryption in transit and at rest, role-based access and audit logging, aligned with SOC 2 and ISO 27001.
Do you build mobile banking apps and digital banking platforms?
Yes. Our mobile banking app development and digital-banking platforms deliver secure iOS and Android apps and web portals for accounts, transfers, cards, payments and onboarding with biometric authentication.
Can you modernise our legacy core banking system?
Yes. We re-platform legacy core and channel systems into modern, secure, cloud-ready architectures with open-banking APIs, migrating data safely with minimal disruption to service.
Do you build financial compliance and management software?
Yes. We build financial compliance software for KYC, AML, monitoring and regulatory reporting, and financial management software for accounting, budgeting, treasury and reporting.
Can we hire dedicated banking software developers?
Yes. You can hire dedicated developers experienced in banking, payments and compliance, or engage us for financial services IT solutions, with senior engineers working full-time on your product.
How much does custom banking software development cost?
The cost of developing custom banking software depends on scope, from a single banking app to a full core banking rebuild. We size every project after understanding your requirements, so you get an estimate built around your actual system, not a generic bracket.
Let's build
Ready to build your banking platform?
Tell us about your project and we'll get back within one business day with ideas, a rough timeline and an honest estimate. NDA available on request.
- Free 30-minute consultation
- NDA available on request
- Talk directly to a senior architect