Pharos Production partnered with a healthcare organization to develop CareConnect, a secure patient engagement platform that connects patients with care providers through a unified digital interface. This solution enables patients to manage appointments, access medical records, participate in teleconsultations and communicate directly with healthcare professionals. Built on a scalable, cloud-native architecture, CareConnect enhances the patient experience while meeting strict security and regulatory standards.
Banking
Pharos Production is a banking software development company that builds digital banking applications, core banking systems and payment processing platforms. Global digital banking users surpassed 3.6 billion in 2024 (Juniper Research). Founded in 2013, the company delivers secure, PCI DSS-compliant banking technology for banks, neobanks and credit unions.
- engineers
- 90+
- years in business
- 12+
- apps delivered
- 70+
Reviewed by Dmytro Nasyrov
Founder and CTO
13+ years in custom software development. ISO 27001 certified team lead.
Banking solutions we build
Pharos Production applies its full-cycle software development expertise to deliver tailored solutions for banking businesses.
Digital Banking & Mobile Banking Platforms
A comprehensive digital banking platform that enables customers to manage accounts, make transfers, pay bills and access financial services from any device. Banks utilize these platforms to improve the customer experience, decrease branch traffic and quickly introduce new digital services.
Core Banking System Modernization
A solution that modernizes legacy banking systems into scalable, cloud-native architectures. It allows banks to accelerate transactions, improve system resilience and introduce new financial products at lower operational costs.
Payment Processing & Real-Time Transaction Systems
A secure system for processing real-time payments, card transactions and instant transfers across multiple channels. Banks benefit from reduced fraud, faster transaction speeds and compliance with evolving global payment standards such as ISO 20022.
Loan Origination & Credit Management Platforms
This solution digitalizes the entire loan process, from application and KYC to automated underwriting and risk assessment. Banks can reduce approval times, enhance credit decision accuracy and provide a seamless borrower experience.
Fraud Detection & Anti-Money Laundering (AML) Systems
AI-driven fraud prevention tools analyze transactions in real time, detecting suspicious patterns before losses occur. When combined with AML monitoring, this system ensures regulatory compliance while lowering financial crime across digital channels.
Wealth Management & Robo-Advisory Platforms
A digital investment management platform providing automated portfolio advice and real-time performance updates. Financial institutions utilize it to serve more clients while efficiently delivering customized wealth strategies.
Open Banking & API Integration Platforms
A secure API framework that enables banks to connect with third-party fintechs, partners and digital ecosystems. This system guarantees PSD2/Open Banking compliance and helps banks unlock new revenue streams through data-driven services.
Customer Onboarding & KYC Verification Systems
A comprehensive digital onboarding solution that automates identity verification, document checks and risk assessment. Banks can reduce manual processing, lower fraud risk and offer new clients a fast and seamless onboarding experience.
Banking CRM & Customer Engagement Solutions
A CRM platform built for banks to manage customer profiles, interactions and personalized financial offers. It boosts retention, enhances cross-selling and maintains consistent communication across all channels.
Treasury Management & Liquidity Optimization Systems
A platform that helps banks monitor liquidity, manage cash positions and automate treasury workflows. It enhances financial risk management, improves capital utilization and ensures regulatory compliance.
| Solution | Key capabilities |
|---|---|
| Digital Banking & Mobile Banking Platforms | Mobile Banking App Development Online Banking Web Portal Digital Wallet & Contactless Payments Integration +4 |
| Core Banking System Modernization | Legacy Core Refactoring & API Enablement Cloud-Native Core Banking Migration Modular Banking Microservices Architecture +4 |
| Payment Processing & Real-Time Transaction Systems | Real-Time Payments & Instant Transfer System Card Issuing & Acquiring Processing Platform ISO 20022 Payment Messaging Engine +4 |
| Loan Origination & Credit Management Platforms | Digital Loan Application Portal Automated Credit Scoring & Risk Assessment Engine KYC & Document Verification Workflow +4 |
| Fraud Detection & Anti-Money Laundering (AML) Systems | Real-Time Transaction Fraud Detection Engine AML Rule-Based & AI Behavior Monitoring Suspicious Activity Reporting (SAR) Module +4 |
| Wealth Management & Robo-Advisory Platforms | Automated Portfolio Recommendation Engine Client Risk Profiling & Suitability Assessment Module Investment Account Management Dashboard +4 |
| Open Banking & API Integration Platforms | PSD2/Open Banking API Gateway Secure OAuth2 & Token Management System Bank–Fintech Integration Sandbox +4 |
| Customer Onboarding & KYC Verification Systems | Digital Identity Verification & OCR Extraction Biometric Face & Liveness Detection Automated KYC/AML Screening Workflow +4 |
| Banking CRM & Customer Engagement Solutions | Unified Customer Profile Management Cross-Sell & Upsell Recommendation Engine Campaign Management & Targeting Platform +4 |
| Treasury Management & Liquidity Optimization Systems | Cash Position Tracking & Forecasting Engine Liquidity Risk Management Dashboard Interbank Payments & Clearing Module +4 |
Technologies
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Core Banking Modernization Platforms
Cloud-native systems that efficiently process transactions, manage accounts and support real-time banking operations at scale.
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AI Fraud Detection Engines
Machine learning tools are designed to detect suspicious transactions and help prevent financial crime.
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Digital KYC and Identity Verification Systems
Automated onboarding solutions that authenticate user identities using biometric data and document scanning.
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Open Banking APIs
Secure interfaces that allow banks to share data and connect with third-party fintech services.
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Blockchain Settlement Networks
Distributed ledger systems enable quicker, transparent and tamper-proof transaction clearing.
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Risk Management and Credit Scoring Models
AI-driven algorithms that evaluate borrower profiles and determine real-time credit risk.
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Mobile Banking App Frameworks
Platforms that deliver secure, high-performance mobile solutions for retail and corporate clients.
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Payment Gateway and Real-Time Processing Engines
Technologies that facilitate instant payments, digital wallets and cross-border financial transactions.
Our Expertise
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Pharos Production partnered with a healthcare organization to design and build MedCore, a comprehensive electronic health record platform that centralizes patient data, streamlines clinical workflows and ensures regulatory compliance. The system unifies medical records, clinical documentation, diagnostics and administrative processes within a secure, scalable digital environment. Built on a cloud-native architecture, MedCore delivers reliable performance, real-time data access and long-term scalability for healthcare providers operating at clinic, hospital and network levels.
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Pharos Production partnered with Ludo to build a global cross-chain reputation system that makes trust transparent and portable across the Web3 ecosystem. Using AWS, Kubernetes, Istio, Kafka, Flink, Cassandra, Pinot and Solr, the platform processes blockchain data in real time to generate soulbound NFT-based reputation scores. With web, browser and Telegram interfaces, Ludo empowers users, curators and builders to identify trustworthy projects, integrate reputation APIs and strengthen community engagement. The result is a scalable, real-time trust layer that has been driving adoption in Web3 since 2021.
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Pharos Production has partnered with Sagas to create a location-aware social platform that enables users to capture, publish, and explore geo-located timelapses over time. This system combines real-time data ingestion, large-scale media processing, and map-centric discovery to transform physical locations into dynamic digital stories. Leveraging cloud-native infrastructure and event-driven architecture, Sagas allows users to document urban changes, natural evolution, and personal moments tied to specific places. The result is a scalable social network where time and location are central to content discovery.
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Pharos Production has partnered with Lucky Bets to create a high-performance casino games aggregator and online casino platform focused on scalability, reliability and player engagement. This platform seamlessly integrates hundreds of games from multiple providers, delivering a unified gaming experience while managing real-time gameplay events, balances and analytics with minimal latency. Built on cloud-native infrastructure, Lucky Bets offers a fast, secure and flexible foundation for modern iGaming operations.
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Pharos Production partnered with Pro Gambling to build a high-load sports forecasting platform focused on data-driven predictions, real-time analytics and scalable delivery of betting insights. The platform aggregates large volumes of sports data, odds movements and historical statistics to generate forecasts that help users make informed betting decisions. Built on a cloud-native, event-driven architecture, Pro Gambling delivers fast updates, transparent analytics and consistent performance during peak sports events.
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Pharos Production partnered with Dostyq to create a modern loyalty and rewards platform that helps users collect, manage, and exchange bonuses, gift certificates, and cashback in one place. The app makes reward usage easier by enabling instant and secure transfers and redemptions. Since 2018, Dostyq has become a trusted shopping partner in Kazakhstan, increasing customer engagement and helping retailers strengthen loyalty programs on a large scale.
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Pharos Production collaborated with Gambit Stream to launch a modern, scalable sportsbook tailored for a global audience. Built on AWS, Kubernetes, Istio, Spring Boot, Pulsar, Flink, ClickHouse, Cassandra, and NextJS, the platform offers instant odds, live-stream betting, and secure wallet management. With integrated risk controls and real-time analytics, it ensures a seamless experience for both players and operators. Since 2021, the new system has accelerated user onboarding, increased engagement with live betting, streamlined operations, and established a scalable foundation for expansion into new markets.
Reviews
Independent reviews from Clutch, GoodFirms and Google - verified client feedback on our software projects
Based on 15 verified client reviews
Measurable results
Choose your cooperation model
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.
Or select the appropriate interaction model
Request staff augmentation
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.
Hire dedicated experts
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.
Outsource your project
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+ |
An approach to the development cycle
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Team Assembly
Our company starts and assembles an entire project specialists with the perfect blend of skills and experience to start the work.
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MVP
We’ll design, build, and launch your MVP, ensuring it meets the core requirements of your software solution.
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Production
We’ll create a complete software solution that is custom-made to meet your exact specifications.
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Ongoing
Continuous Support
Our company will be right there with you, keeping your software solution running smoothly, fixing issues, and rolling out updates.
Banking technologies, tools and frameworks we use
Our engineers work with 108+ technologies across blockchain, backend, frontend, mobile and DevOps - chosen for production reliability and performance.
Frameworks
Backend Frameworks 5
Front End Frameworks 4
Mobile Apps Frameworks 9
Blockchains
Private and Public Blockchains 33
Cloud Blockchain Solutions 4
DevOps
DevOps Tools 9
Clouds
Clouds 3
Databases
Databases 9
Brokers
Event and Message Brokers 3
Tests
Test Automation Tools 6
Programming
Programming Languages 11
UI/UX
UI/UX Design Tools 12
Partnerships & Awards
Recognized on Clutch, GoodFirms and The Manifest for software engineering excellence
FAQ
Answers to common questions about banking software development, digital banking and compliance.
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Pharos Production builds PCI DSS-compliant digital banking platforms with real-time transaction processing, multi-factor authentication and scalable back-end architecture designed for high-throughput financial workloads. See also our FinTech and Insurance solutions.
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Pharos Production builds native and cross-platform mobile banking apps with biometric login, real-time balance updates, P2P transfers and card management – all secured with end-to-end encryption.
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Pharos Production builds fraud detection engines with ML-based anomaly detection, real-time transaction scoring and automated case management. Our risk management platforms integrate with existing core banking systems via secure APIs.
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Banking project costs depend on regulatory requirements and integration complexity. A mobile banking app MVP may start from $60,000-$120,000, while a full core banking system can range from $200,000 to $800,000+. Request a free estimate.
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A mobile banking app MVP typically takes 4-6 months. A full core banking system may require 10-18 months including compliance testing and security audits.
Pharos Production uses agile development with 2-week sprints.
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Pharos Production follows PCI DSS for payment data, SOC 2 Type II for infrastructure security, PSD2/open banking standards and regional banking regulations. Every banking platform includes automated compliance monitoring and audit trails.
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We do not build consumer-facing neobank apps without a licensed banking partner. Our focus is the technology layer – core banking systems, transaction processing, compliance automation and API banking platforms.
For banking-as-a-service without your own license, platforms like Synapse or Unit offer faster time-to-market.
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Banking software must pass regulatory audits (OCC, FDIC, PRA) at every milestone, not just at launch. Our 2-week sprints include compliance checkpoint reviews and PCI DSS validation at every iteration.
This catches regulatory gaps before they become costly. Agile projects are 3x more likely to succeed (Standish Group, 2024).
Build your Banking platform
90+ engineers ready to deliver your Banking project on time and within budget
What happens next?
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Contact us
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
Same day -
NDA
We’re committed to keeping your information confidential, so we’ll sign a Non-Disclosure Agreement
1 day -
Plan the Goals
After we chat about your goals and needs, we’ll craft a comprehensive proposal detailing the project scope, team, timeline and budget
3-5 days -
Finalize the Details
Let’s connect on Google Meet to go through the proposal and confirm all the details together!
1-2 days -
Sign the Contract
As soon as the contract is signed, our dedicated team will jump into action on your project!
Same day
Our offices
Headquarters in Las Vegas, Nevada. Engineering office in Kyiv, Ukraine.