Pharos Production is a FinTech software development company that builds payment platforms, digital banking applications, lending systems, trading platforms, InsurTech solutions and compliance-ready financial software for banks, neobanks, payment processors and financial startups. The global FinTech market reached $194.1 billion in 2024 (Statista) and is projected to grow at 16.8% CAGR, with McKinsey reporting that embedded finance alone will generate $230 billion in revenue by 2030. Founded in 2013 with 90+ engineers and 70+ apps delivered, Pharos Production combines deep FinTech domain expertise with PCI DSS, SOC 2 and ISO 27001 compliance. Every project follows our Verified Delivery process - security audit, compliance validation and penetration testing at each sprint before production deployment.
Reviewed by Dmytro Nasyrov
Founder and CTO
13+ years in software development. Led FinTech projects for banks, payment processors and lending platforms. PCI DSS and ISO 27001 certified.
Pharos Production applies its full-cycle software development expertise to deliver tailored solutions for fintech businesses.
Pharos Production builds comprehensive online banking platforms that support account management, transfers, KYC onboarding and secure multi-factor authentication. We use API-first architecture because it allows banks to expose services to third-party FinTech apps under PSD2 without rebuilding their core systems. According to BIS (Bank for International Settlements), digital banking adoption exceeded 75% in developed markets by 2024. Our platforms integrate with core banking systems via scalable back-end architecture and comply with PCI DSS, PSD2 and local financial regulations.
A secure payment platform for online transactions via cards, digital wallets and bank transfers. Pharos Production integrates payment orchestration with Stripe, Adyen and local payment providers, supporting SCA (Strong Customer Authentication) as required by PSD2 regulation. Our gateways handle 100K+ transactions per day with 99.95% uptime and real-time settlement reconciliation.
A digital marketplace that allows individuals and businesses to lend and borrow money directly, bypassing traditional intermediaries. Pharos Production builds P2P lending platforms with automated credit scoring using alternative data sources, loan management dashboards and investor portals. According to Allied Market Research, the global P2P lending market is projected to reach $1.4 trillion by 2030.
A comprehensive mobile app for tracking balances, managing transactions, budgeting and making QR payments – all in one platform. Pharos Production delivers mobile banking apps for iOS and Android with cross-platform development from a single codebase, biometric authentication and real-time push notifications for transaction alerts.
AI-powered software that monitors financial activities to identify anomalies, suspicious transactions and identity fraud in real time. We use machine learning over rule-based engines because fraudsters adapt faster than static rules can be updated – ML models retrain on new patterns automatically. With global fraud losses exceeding $485 billion annually (Nasdaq Verafin, 2024), Pharos Production builds fraud detection systems using ensemble models trained on transaction patterns, device fingerprinting and behavioral analytics.
A secure platform for trading stocks, ETFs, cryptocurrencies and other assets with real-time market data feeds. Pharos Production delivers trading platforms on high-performance back-end architecture with sub-millisecond order execution, portfolio management tools and integration with market data providers (Bloomberg, Refinitiv). For tokenized securities trading, we integrate smart contract settlement. See also our crypto and blockchain solutions for decentralized trading.
A digital platform that automates policy management, underwriting and claims processing. Pharos Production builds InsurTech solutions with AI-driven risk assessment, automated claims adjudication and customer portals. Our platforms integrate with legacy insurance systems via API-first back-end architecture and support regulatory compliance across multiple jurisdictions.
Software that automates KYC (Know Your Customer), AML (Anti-Money Laundering) and regulatory reporting for financial institutions. We automate compliance because manual processes cannot scale – a single compliance analyst reviews 50-100 alerts daily, while automated systems process thousands with consistent accuracy. With global RegTech spending projected to reach $204 billion by 2028 (Juniper Research), Pharos Production builds compliance automation systems that reduce manual workloads by up to 80% while maintaining audit trails for regulators. See the Nextcheck KYC platform case study.
A user-friendly app that helps people track spending, set budgets and analyze financial habits. Pharos Production builds PFM apps with modern front-end interfaces, bank account aggregation via open banking APIs (Plaid, MX) and AI-powered spending insights with automated savings recommendations. Start with an MVP to validate your concept before full-scale development.
A platform that enables instant global money transfers with transparent fees and strong security. We build real-time FX conversion rather than batch settlement because even a 30-minute delay in volatile currency pairs can cost senders 1-3% in hidden spread. Cross-border payment volume reached $190 trillion in 2024 (SWIFT). Pharos Production builds remittance platforms with multi-currency wallets and compliance with local financial regulations across jurisdictions. Our DevOps team ensures 99.9%+ uptime for mission-critical payment infrastructure.
| Solution | Key capabilities |
|---|---|
| Digital Banking Platforms | Online Account Opening and eKYC Onboarding System Core Banking Integration and Middleware Layer Secure Funds Transfer and Payment Module +4 |
| Payment Processing & Merchant Gateway Systems | Multi-Currency Payment Gateway Integration Card and Digital Wallet Payment Processing Engine Recurring Billing and Subscription Management System +6 |
| Peer-to-Peer (P2P) Lending & Borrowing Platforms | Borrower Onboarding and Credit Scoring Module Automated Loan Origination and Approval System Investor Portfolio and Loan Marketplace Dashboard +6 |
| Mobile Banking & Wallet Applications | Balance Tracking and Transaction History Module QR and NFC Payment Integration System Budgeting and Personal Finance Tools +4 |
| Fraud Detection & Risk Scoring Systems | Real-Time Transaction Monitoring Engine User Behavior and Anomaly Detection Module Machine Learning–Based Risk Scoring Model +4 |
| Trading & Investment Platforms | Real-Time Market Data and Charting Engine Order Execution and Trading Matching System Portfolio Tracking and Asset Allocation Dashboard +6 |
| InsurTech Platforms & Claims Automation | Digital Policy Issuance and Management System AI-Driven Claim Assessment and Validation Engine Customer Self-Service Claims Submission Portal +4 |
| RegTech & Compliance Automation Solutions | Automated KYC and Identity Verification System AML Transaction Screening and Monitoring Engine Regulatory Reporting and Audit Trail Platform +4 |
| Personal Finance Management (PFM) Apps | Expense Tracking and Categorization Module Budget Planning and Savings Goal Dashboard Multi-Account Aggregation and Data Sync System +4 |
| Cross-Border Payments & Remittance Platforms | Instant International Money Transfer Engine Multi-Currency FX Conversion and Rate Optimization Module Global Compliance and Sanctions Screening System +4 |
FinTech market in numbersThe global FinTech market reached $194.1 billion in 2024 (Statista), growing at 16.8% CAGR. McKinsey projects embedded finance will generate $230 billion in revenue by 2030. Global fraud losses exceed $485 billion annually (Nasdaq Verafin, 2024). The P2P lending market is projected to reach $1.4 trillion by 2030 (Allied Market Research). RegTech spending is expected to hit $204 billion by 2028 (Juniper Research).
Pharos Production FinTech delivery metricsAverage time to MVP for payment platforms is 12 weeks. Production infrastructure uptime averages 99.95% under SLA. Zero PCI DSS compliance violations across delivered projects. The Verified Delivery process uses 2-week sprints with security audit, compliance validation and penetration testing at every iteration. Payment gateway throughput tested at 100K+ transactions per day with real-time settlement reconciliation.
| Factor | FinTech Development | Traditional Banking |
|---|---|---|
| Architecture | Cloud-native microservices, API-first | Monolithic on-premise systems |
| Time to market | 3-6 months (MVP) | 12-24 months |
| Integration | Open banking APIs (Plaid, Stripe) | Custom point-to-point connectors |
| Scaling | Auto-scaling cloud infrastructure | Hardware provisioning cycles |
| User experience | Mobile-first, real-time updates | Desktop-focused, batch processing |
| Compliance | Automated RegTech (KYC/AML/PCI DSS) | Manual audit processes |
| Cost model | Pay-per-use cloud, lower initial cost | Large upfront license + hardware |
Pharos Production builds modern FinTech platforms that integrate with legacy core banking systems. Our API-first approach enables gradual modernization without disrupting existing operations.
AI-Powered Fraud Detection Systems
Machine learning models analyze transactions in real time to detect anomalies and prevent financial crime. Modern fraud detection uses ensemble methods and deep learning frameworks to identify patterns invisible to rule-based systems.
Open Banking and API Integration Platforms
Standardized APIs facilitate secure data sharing among banks, applications and financial institutions. Plaid, MX and TrueLayer enable account aggregation, payment initiation and identity verification under PSD2/open banking frameworks.
Blockchain and Digital Ledger Infrastructure
Distributed ledgers improve transparency, security and efficiency in settlement processes. Pharos Production integrates blockchain infrastructure for cross-border payments, trade finance and asset tokenization. See our crypto and blockchain solutions.
Cloud-Native Core Banking Systems
Modern cloud architectures support scalable digital banking, automate processes and enable continuous deployment. Platforms like Thought Machine and Mambu demonstrate the shift from monolithic core banking to cloud-native microservices.
Biometric Authentication Technologies
Face, fingerprint and voice recognition enhance identity verification and help prevent unauthorized access in financial apps.
Payment Gateway and Digital Wallet SDKs
Stripe, Adyen and Square SDKs enable online payment processing, tokenization and multi-currency support. Pharos Production integrates these with custom payment orchestration layers for complex settlement flows.
Risk Scoring and Credit Assessment Engines
AI-driven scoring models assess borrower reliability using both alternative and traditional financial data.
RegTech Compliance Automation Tools
Automated systems monitor regulations, generate reports and ensure financial products remain compliant. Tools follow standards defined by PCI Security Standards Council and financial regulators (FCA, SEC, BaFin).
Pharos Production has partnered with Pleenk to build a secure, scalable payments platform for fast transactions, fraud prevention and seamless integration with digital products. The platform processes payment flows in real time while maintaining high levels of security, transparency and reliability for both businesses and end users. Built on cloud-native infrastructure and an event-driven architecture, Pleenk provides a strong foundation for modern digital payments.
When Pleenk needed a payment platform processing card transactions across multiple currencies, the core challenge was achieving PCI DSS Level 1 compliance without sacrificing development speed. Our approach: isolate the cardholder data environment (CDE) into a dedicated microservice with its own encrypted database, separate from the main application. Card numbers never touch the application server - they flow directly from the client to the tokenization service via TLS 1.3, returning a non-reversible token that the application uses for subsequent operations. We implemented point-to-point encryption (P2PE) for all card-present transactions and tokenization for card-not-present flows. The payment service handles 50K+ daily transactions with 99.95% uptime, automatic failover across two availability zones and real-time fraud scoring on every transaction. PCI DSS audit passed on the first attempt with zero findings. This architecture now serves as our reference design for all payment-processing FinTech projects. See the Pleenk case study. Explore our open-source libraries and developer tools on GitHub.
| Metric | Before Pharos | After Pharos |
|---|---|---|
| PCI DSS compliance | Not certified | Level 1 certified, zero audit findings |
| Transaction throughput | Manual processing | 50K+ daily transactions, automated reconciliation |
| Platform uptime | No SLA | 99.95% with automatic failover (2 AZs) |
| Fraud detection | Manual review | Real-time ML scoring on every transaction |
| Card data security | Card numbers in application DB | Isolated CDE with P2PE + tokenization |
| Multi-currency support | Single currency | 12+ currencies with real-time FX conversion |
Metrics from Pleenk Secure Payments Platform project. Transaction data from production environment.
Independent reviews from Clutch, GoodFirms and Google - verified client feedback on our software projects
Based on 1 verified client review
Thanks to Pharos Production Inc.'s efforts, the client's platform scalability increased by 40%, and transaction processing speed improved by 35%. The team also mitigated all critical security vulnerabilities. Moreover, they utilized Jira, Slack, and Zoom for effective project management.
Primary research based on analysis of FinTech projects delivered by Pharos Production between 2016 and 2026. Dataset covers payment platforms, digital banking apps, lending systems and compliance automation across global clients. Methodology: aggregated delivery metrics across 10+ FinTech projects with 6-18 months post-deployment monitoring per project. PCI DSS compliance validated through quarterly re-audits by independent QSA assessors. Uptime measured via continuous synthetic monitoring across production environments.
Key technology shifts that impact how Pharos Production architects financial software for clients.
Embedded Finance
Non-financial platforms (e-commerce, SaaS, mobility) embed payments, lending and insurance directly into their user experience. McKinsey projects $230 billion in embedded finance revenue by 2030. Pharos Production builds white-label payment APIs, BNPL modules and in-app lending for platform businesses.
Banking as a Service (BaaS)
Licensed banks offer their banking infrastructure via APIs, enabling non-banks to provide financial services without obtaining their own licenses. Pharos Production integrates BaaS providers (Synapse, Unit, Treasury Prime) for account opening, card issuance and compliance-as-a-service.
Open Banking and PSD3
The next iteration of European payment regulation (PSD3/PSR), expected to take effect by 2027, expands open banking scope, mandates real-time payment access and strengthens consumer protection. By 2028, all EU-licensed payment providers will need to support the new framework. Pharos Production builds PSD2/PSD3-compliant payment initiation and account information services using Plaid and TrueLayer APIs.
AI-Driven Fraud Detection
Machine learning models analyze transaction patterns, device fingerprints and behavioral biometrics to detect fraud in real time. With global fraud losses exceeding $485 billion annually (Nasdaq Verafin), AI-powered fraud prevention is no longer optional. Pharos Production integrates ML-based fraud scoring into payment flows.
Real-Time Payments (RTP)
Instant payment networks (FedNow in the US, SEPA Instant in Europe, UPI in India) are replacing batch settlement with sub-second fund transfers. By 2028, SEPA Instant will become the default for all euro transfers, eliminating the legacy T+1 settlement cycle. Pharos Production builds RTP-enabled payment infrastructure with instant confirmation, real-time reconciliation and 24/7 availability.
BNPL Regulation and Responsible Lending
Buy Now Pay Later is moving from unregulated growth to mandatory creditworthiness checks and transparent fee disclosure. The EU Consumer Credit Directive revision (effective 2026-2027) brings BNPL under full credit regulation for the first time. Pharos Production builds BNPL platforms with built-in affordability assessments, regulatory reporting and consumer protection features required by emerging legislation.
AI-Powered Robo-Advisory
Automated investment platforms use ML models to build personalized portfolios, rebalance assets and optimize tax-loss harvesting without human financial advisors. Robo-advisory AUM surpassed $2.5 trillion globally in 2024. Pharos Production builds robo-advisory engines with risk profiling, automated portfolio construction and regulatory-compliant suitability assessments.
DeFi Integration for Traditional Finance
Traditional financial institutions are integrating DeFi protocols for yield generation, cross-border settlement and tokenized asset custody. Pharos Production bridges TradFi and DeFi by building compliant on-ramps, institutional-grade custody integrations and smart contract settlement layers. See our crypto and blockchain solutions for full DeFi development.
Select your project type, compliance level and integration scope to get a ballpark cost and timeline. For a detailed proposal with architecture recommendations, reach out to our team directly.
Core software architecture, initial UI/UX, working prototype in 3 months
Software architecture, UI/UX, customized software development, manual and automated testing, cloud deployment
Comprehensive software architecture and documentation, UI/UX design layouts, UI kit, clickable prototypes, cloud deployment, continuous integration, as well as automated monitoring and notifications.
Prices vary based on project scope, complexity, timeline and requirements. Contact us for a personalized estimate.
Need extra hands on your software project? Our developers can jump in at any stage – from architecture to auditing – and integrate seamlessly with your team to fill any technical gaps.
Whether you’re building from scratch or scaling fast, our engineers are ready to step in. You stay in control, and we handle the code.
From first line to final audit, we handle the entire development process. We’ll deliver secure, production-ready smart contracts, while you can focus on your business.
| Model | Best for | Team setup | Budget range |
|---|---|---|---|
| Staff Augmentation | Existing teams needing extra engineers at any project stage | 1-2 weeks | From $5,000/month |
| Dedicated Team Popular | Long-term projects requiring full ownership and control | 2-4 weeks | From $15,000/month |
| Project Outsourcing | Full-cycle development from idea to production launch | 1-2 weeks | $10,000-$80,000+ |
Our company starts and assembles an entire project specialists with the perfect blend of skills and experience to start the work.
We’ll design, build, and launch your MVP, ensuring it meets the core requirements of your software solution.
We’ll create a complete software solution that is custom-made to meet your exact specifications.
Our company will be right there with you, keeping your software solution running smoothly, fixing issues, and rolling out updates.
Our engineers work with 108+ technologies across blockchain, backend, frontend, mobile and DevOps - chosen for production reliability and performance.
Recognized on Clutch, GoodFirms and The Manifest for software engineering excellence
Answers to common questions about FinTech software development, payment platforms, banking APIs and financial compliance.
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Custom FinTech software automates manual financial processes, reduces operational costs and enables new digital products like mobile payments, peer-to-peer lending and robo-advisory. Pharos Production builds FinTech platforms with scalable back-end architecture and modern front-end interfaces. See also our crypto and blockchain solutions for DeFi and tokenized financial products.
Pharos Production integrates banking APIs (Plaid, Stripe, MX) with existing financial platforms to enable open banking, account aggregation and payment orchestration. The team has experience with PSD2-compliant payment initiation services and account information services. Our security audit process ensures all API integrations meet PCI DSS and data protection requirements.
Pharos Production builds compliance engines that automate KYC/AML checks, transaction monitoring and regulatory reporting. While no software can guarantee full compliance autonomously, automated rules engines reduce manual review by up to 80% and maintain consistent audit trails. Our compliance modules integrate with identity verification providers (Onfido, Jumio) and sanction screening databases. See our security and compliance services.
FinTech project costs depend on complexity, compliance requirements and integration scope. A basic payment app or digital wallet MVP may start from $40,000-$80,000, while a full banking platform or trading system can range from $150,000 to $500,000+. Our team of 90+ engineers delivers estimates calibrated to real project data from 70+ delivered applications. We offer flexible pricing across all industries we serve. Pharos Production provides a detailed project estimate within 48 hours. Request a free estimate.
An MVP for a payment app or lending platform typically takes 3-5 months. A full-featured digital banking platform or trading system may require 6-12 months including compliance testing and security audits. Pharos Production uses agile development with 2-week sprints, security validation at each milestone and PCI DSS compliance checks throughout. Our DevOps team handles staging, load testing and production deployment. Get a timeline estimate for your project.
Pharos Production follows PCI DSS for payment data, SOC 2 Type II for infrastructure security and applies encryption at rest and in transit for all financial data. The team implements multi-factor authentication, role-based access control and real-time transaction monitoring. See how we applied these standards in the Pleenk payment platform case study. We also build compliant solutions for banking and insurance industries.
We do not build template-based banking websites or integrate off-the-shelf payment widgets. Our focus is custom FinTech platforms with unique business logic – payment processing, lending engines, trading systems and compliance automation.
For simple payment page integrations, Stripe or PayPal plugins are more cost-effective. We take on projects starting at $10,000 where custom architecture provides a competitive advantage.
Financial software requires iterative compliance validation at every stage. We use 2-week sprints because regulatory requirements (PCI DSS, SOC 2, KYC/AML) must be verified incrementally, not at the end. Across 10+ FinTech projects, our quarterly PCI DSS re-audits caught an average of 2 findings per cycle – each resolved before the next compliance checkpoint. According to the Standish Group (2024), agile projects are 3x more likely to succeed – a critical advantage when building software that handles real money.
Evaluate five factors: (1) financial domain expertise – the team should understand PCI DSS, PSD2, KYC/AML and core banking concepts, not just general software, (2) compliance track record with verifiable certifications (SOC 2, ISO 27001), (3) published case studies in payments, banking or lending with measurable outcomes, (4) independent reviews on Clutch and GoodFirms with FinTech-specific feedback, and (5) a development methodology that includes security and compliance validation at every sprint. Pharos Production scores 5/5 on Clutch with 73 verified reviews and applies PCI DSS compliance checks throughout our Verified Delivery process.
FinTech development prioritizes speed-to-market, API-first architecture and user experience, while traditional banking software focuses on legacy system compatibility and regulatory compliance. FinTech apps use cloud-native infrastructure, microservices and open banking APIs (Plaid, Stripe), whereas traditional banking relies on monolithic on-premise systems. Development cycles are shorter in FinTech (3-6 months MVP) compared to traditional banking (12-24 months). Pharos Production bridges both worlds – our team builds modern FinTech platforms that integrate with legacy core banking systems via API-first back-end architecture.
Yes. We recommend starting with a PoC for projects involving novel payment flows, complex compliance requirements or integration with multiple banking APIs. A typical FinTech PoC takes 4-8 weeks, includes working API integrations, basic UI and a compliance assessment. PoC cost ranges from $15,000-$35,000 depending on complexity. The PoC architecture becomes the foundation for production build. Request a PoC estimate.
Every FinTech project includes post-launch support as part of our Verified Delivery process. Our standard SLA covers 99.95% uptime for payment infrastructure, 4-hour response time for critical issues (transaction failures, security incidents) and ongoing PCI DSS compliance monitoring. For platforms handling significant transaction volume, we offer enhanced SLAs with 1-hour incident response, 24/7 monitoring and quarterly security re-audits. Our DevOps team manages infrastructure, scaling and regulatory updates on an ongoing basis.
Embedded finance integrates financial services (payments, lending, insurance) directly into non-financial platforms like e-commerce, SaaS or mobility apps. McKinsey projects embedded finance will generate $230 billion in revenue by 2030. Pharos Production builds embedded finance solutions including payment APIs for marketplaces, BNPL (Buy Now Pay Later) integrations, in-app lending modules and white-label banking services. Each implementation follows PCI DSS compliance and includes KYC/AML verification where required. Read our FinTech Trends 2026 article for more on embedded finance. See our blockchain services for tokenized financial products.
90+ engineers ready to deliver your FinTech project on time and within budget
Contact us today to discuss your project. We’re ready to review your request promptly and guide you on the best next steps for collaboration
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1 dayAfter we chat about your goals and needs, we’ll craft a comprehensive proposal detailing the project scope, team, timeline and budget
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1-2 daysAs soon as the contract is signed, our dedicated team will jump into action on your project!
Same dayHeadquarters in Las Vegas, Nevada. Engineering office in Kyiv, Ukraine.
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