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Get Professional Software Development Services for Unique Banking Requirements

Sphinx Worldbiz collaborates with retail and corporate banks and insurance companies to provide scalable solutions that are well-suited to the needs of a diverse target population

With personalised online banking, you can meet your clients' ever-increasing demand for seamless 24/7 access to their financial accounts.

  • Learn more about their checking, savings, and credit accounts
  • Set card limits yourself
  • Make payments
  • Transfer money between bank accounts

Sphinx Worldbiz has 26+ years of CRM consulting experience and can help you improve your efficiency in a variety of customer-facing tasks such as:

  • Upselling and cross-selling
  • Customer service
  • Lead fostering that is systematic
  • Customer data administration
  • Monitoring of channel activity
  • Consumer experience management, among other things

Sphinx Worldbiz will assist you in implementing the following banking data analytics:

  • Customer intelligence (Customer segregation, attrition analysis, cross-sell effectiveness study, and so on)
  • Channel analytics (examination of branch transactions and customer traffic, assessment of click patterns, frequently visited online sites etc.
  • Analytics for marketing
  • Analytics of risk
  • Performance evaluation

Make use of the potential of digital payments with Sphinx Worldbiz

  • Custom mobile payment systems provide quick and safe transactions
  • Boost consumer loyalty by using NFC or QR-based mobile wallets that preserve digital information about customers' credit and debit cards
  • Let consumers to make person-to-person (P2P) payments in real time
  • Simplify your company clients' accounts payable procedure

Banking Software Services We Deliver

Sphinx Worldbiz offers a comprehensive range of bespoke and platform-based solutions tailored to your specific requirements

Software Solutions for Insurance Industry We Deliver

We have you covered whether you require software to digitise a single insurance operation or a multi-functional solution to deliver value throughout the whole insurance ecosystem.

Underwriting expenses can be reduced by up to 46%, income can be increased by 15-20% owing to optimised insurance pricing, and decisions can be made in minutes rather than days.

97% quicker policy issuance, updating, and renewal, 45%+ improvement in insurance team productivity, and up to 66% decrease in policy administration expenses.

Billing-related expenditures may be eliminated by up to 87%, and the billing process can be sped up by up to 2-3 times

Claim processing expenses are reduced by 35%, and the claim cycle is reduced by 85% or more

Phases of Software Development in BFSI Industry

In the BFSI (Banking, Financial Services, and Insurance) industry, the software/product development process typically involves the following phases:

Requirement Gathering

This phase involves identifying and documenting the specific needs and requirements of the software/product, such as functionalities, security measures, and compliance regulations relevant to the BFSI industry.

Design and Planning

In this phase, the software/product architecture and design are created, considering factors such as scalability, data security, integration with existing systems, and user experience. The project plan, including timelines and resource allocation, is also established.

Development and Testing

The actual coding and development of the software/product take place in this phase. Our developers create the software/product based on the design specifications. Additionally, rigorous testing is conducted to identify and fix any bugs or issues, ensuring the software/product functions as intended

Deployment and Integration

Once the software/product is developed and tested, it is deployed in the BFSI environment. It involves installing and configuring the software/product on the required infrastructure, integrating it with existing systems, and conducting thorough compatibility and performance testing

Maintenance and Support

After deployment, the software/product requires ongoing maintenance and support. This includes monitoring its performance, addressing any issues or bugs that arise, providing regular updates and enhancements, and ensuring compliance with changing regulations in the BFSI industry

Why Sphinx Worldbiz Can Be Your Ideal BFSI Software Development Partner?

Our company is ISO 9001 and ISO 27001 certified, committing to robust quality management and ensuring the unwavering protection of our clients' data.

Utilising agile approach in the creation of our BFSI software solutions allows us to create adaptable and scalable systems with minimal risks.

Sphinx Worldbiz has extensive experience in developing software solutions specifically for the BFSI sector. We have a deep understanding of the industry's unique requirements and can deliver tailored solutions.

Our company possesses strong domain knowledge in BFSI, enabling us to provide insights and guidance throughout the development process. This ensures that the software aligns with industry standards and regulations.

As security is a top concern in the FinTech industry, Sphinx Worldbiz prioritizes robust security measures in its software development process. We implement industry best practices to protect sensitive data and ensure compliance with regulatory standards.

Sphinx Worldbiz values client satisfaction and focuses on building long-term relationships. We actively involve clients in the development process, regularly communicate progress, and provide ongoing support and maintenance to ensure the software's success.

Technologies We Use in BFSI Industry



Regulatory technology solutions help financial institutions and banks comply with complex regulations and reduce compliance costs through automation and data analytics.


Open Banking APIs

Financial institutions use Open Banking APIs to securely access and share customer data with other institutions, leading to increased competition and access to better financial products.



InsurTech firms employ innovative technologies such as AI and IoT for faster underwriting, claims processing, and a more personalized customer experience, ultimately improving the overall efficiency of the insurance industry


Digital Twins

In BFSI, Digital Twins refer to virtual replicas of physical assets, processes, or systems. These virtual models are used to optimize operations, reduce costs, and minimize downtime by predicting potential system failures and simulating scenarios


Green Technology

As environmental concerns grow, BFSI institutions are turning to green technologies such as clean energy, energy-efficient infrastructure, and sustainable investing. Green technology not only helps reduce carbon footprint, but it also offers significant cost savings in the long run


Artificial Intelligence (AI)

AI is used in BFSI for various purposes such as fraud detection, risk assessment, customer service automation, and personalized financial recommendations



Blockchain technology offers secure and transparent transactions by creating a decentralized and immutable ledger. It is used in BFSI for faster, more secure, and cost-effective transactions, smart contracts etc.


Robotic Process Automation (RPA)

RPA automates repetitive tasks, reduces errors, and enhances operational efficiency in BFSI. It is used in areas like customer onboarding, data entry, compliance reporting, and claims processing.

Software Products in BFSI We Work On

  • Oracle FLEXCUBE
  • Temenos T24
  • Finacle
  • SAP Banking
  • FIS Core Banking
  • Nucleus FinnOne
  • ACI Universal Online Banker
  • CSI NuPoint
  • Guidewire InsuranceSuite
  • Duck Creek Policy Administration System
  • Salesforce Financial Services Cloud
  • SAP for Insurance
  • Applied Epic
  • Insurity Policy Decisions
  • Vertafore Agency Platform
  • EIS Suite

Looking for an Experienced Software Development Team for Immediate Start?


Sphinx Worldbiz is a trusted name in deploying quality software developers to deliver our global clients a wide array of services. Our developers are experts in many technologies such as Python, Java, R, SQL, Javascript, Solidity etc. and will offer you diverse web solutions and technology consultancy for further integration into your concrete business models. We offer services ranging from software and application development to Digital Transformation and provide expert consultancy on Industry 4.0.

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Our Whitepapers You Shouldn't Miss!

If you believe that your corporate activities might be conducted more efficiently and effectively, you are probably correct. Weuse smart automation and analytics to revolutionise cross-departmental business domains.

  • Sphinx Worldbiz will assist you in assessing the present condition of your processes and digital technologies in order to develop high-value optimisation solutions.

  • Barriers to Digital Transformation and How to Combat Them

  • How to Win Big in the SMB Tech Segment in a Tough Economy

  • Outsourcing your IT Services: A Business Opportunity or an IT Challenge?

Tech Stack That Works for You- Get Full Stack Developers

Angular Vue.JS React.JS Next.js Blazor
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Ruby On Rails Laravel Node PHP .net .net Core Golang Python Django
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Flutter React Native iOS Android Ionic
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AWS Digital Ocean Heroku
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MongoDB PostgreSQL MySQL
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GIS Gatsby
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Version Control
Github Bitbucket Gitlab
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Communication Tools
Slack Microsoft Team Hangout
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Google Meet Zoom GoToMeeting
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Project Management Tools
Jira Trello BaseCamp
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Agile TDD
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Wordpress Drupal Strapi
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Apacheant Xcode Fastlane Gant Gradle Maven Ansible Chef Puppet TeamCity Bamboo Circleci Hudson Jenkins Buildt Apps Git Hawlett Sonarqube Subversion Apptest TravisCi
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Salesforce Microsoft Dynamics 365
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Deployment Process
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Frequently Asked Questions

Still have questions?

Utilising agile approach in the creation of our logistics and transportation software solutions allows us to create adaptable and scalable systems with minimal risks.

Our developers have extensive cross-domain competence in online and app development, cloud architectures, business process automation, and other fundamental transport and logistics technologies.

  • Analytics and visualisation of data
  • Optimisation of the route
  • Storage and inventory control
  • Intelligent supply chains
  • Business process automation, among other things.

We enable self-managed teams to handle the whole software development cycle, from start to finish.

  • MVP development
  • Business requirements research
  • Logistics & transportation software development
  • Dedicated assistance and solution enhancement

Sphinx Worldbiz provides solo specialists as well as agile pods that are ready to go to meet your IT demands and expedite delivery.

  • User interface/UX design
  • Quality control and testing
  • IT assistance for software development
  • Cloud management services

We infuse expert IT people into your team to help you expand quicker, accelerate your innovation projects, and save hiring.

  • Highly-skilled Developers
  • Testers and quality assurance engineers
  • Data Engineers
  • Specialists in security and compliance

Our Listing Platforms

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