Banking Software Development Companies
in Saudi Arabia for 2025
Author: Jennifer Smith
Last updated January 30
Saudi Arabia has become a notable hub for banking software development, with numerous companies providing services ranging from web and mobile app development to AI and IoT solutions. Here is a curated list of the top 20 software development companies in Saudi Arabia, selected based on their reputation, expertise, and client reviews from platforms like Clutch and GoodFirms.
Overview: Velmie provides exceptional services tailored for financial institutions and banks. Their cloud-native, modular software platform enables the creation of unique fintech solutions that prioritize safety and scalability. Renowned for its cutting-edge technology and service-oriented architecture, Velmie assures large banks peace of mind with regulatory compliance. Moreover, Velmie offers impressive stability, supporting over 20 million active users with nearly constant availability at 99.9%. Banks leveraging Velmie have expanded their service offerings and achieved revenue growth estimates up to six times faster than industry peers.
Services provided: mobile and web appt customization, IT consulting, API development, cloud services, quality assurance and testing, system integrations.
Tech Stack: Angular, Golang, Flutter, MySQL, Gin, Lumen, Gorm, Twirp, Redux, RxJS.
Price per hour: $30 – $80
Rating: Clutch (4.8), Software Advice (5.0)
Number of employees: 50+
Founded: 2010
Min project: $20,000+
Overview: Solutions by STC is a leading technology partner in Saudi Arabia, combining a unique agile delivery approach with exceptional software engineering talents. Businesses choose Solutions by STC to meet their growing demands and bridge the local tech skills gap with top-tier technical expertise. Clients include Saudi Arabian Monetary Authority, Riyad Bank, Alinma Bank, and more.
Services provided: System integration, managed services, internet of things, cyber security, cloud computing, and big data analysis.
Tech Stack: .NET, Java, Python, JavaScript, Angular, React.
Price per hour: $50 – $100
Number of employees: 1,000+
Founded: 1998
Min project: $25,000
Overview: Elm is a leading provider of secure services and information technology solutions in Saudi Arabia. Established in 1988, the company initially focused on localizing and transferring IT knowledge to the Kingdom, along with research initiatives for the Ministry of Interior. Owned by the Public Investment Fund, Elm has grown to serve both government and private sectors, expanding its services globally. Elm provides ready-made e-services, customized IT solutions, governmental support services, and consultations. Elm’s customer base includes over 60,000 private and public organizations, as well as individual customers.
Services provided: Software development, agile delivery management, digital transformation, cybersecurity, data science, AI.
Tech Stack: .NET, Java, Python, JavaScript, Angular, React.
Price per hour: $50 – $100
Number of employees: 1,000+
Founded: 2009
Founded: 1988
Min project: $20,000+
Overview: Dev Success specializes in mobile app and custom software development, offering tailored solutions to meet client needs. The team develops applications and software from concept to execution, emphasizing communication and transparency. They collaborate closely with clients to transform visions into reality. Dev Success prioritizes accountability throughout the development process to help clients achieve their goals.
Services provided: Software development, staff augmentation, business analysis, product design.
Number of employees: 150
Founded: 2001
Min project: $5,000+
Overview: Addicta is a digital transformation company specializing in software development, UX/UI design, and brand identity design. The company has a broad presence, with projects spanning the Middle East, North Africa, Europe, and North America. Clients include National Bank of Egypt, Ray Investment, AL Ahly Capital Holding, EDEN Technologies, Basata, NI Capital, Digital Goverment Authority.
Services provided: UX/UI research & design, website design & development, web and mobile app development.
Tech Stack: .NET, Flutter, PHP, Node, React JS, React Native.
Price per hour: $25 – $49
Number of employees: 50+
Founded: 2017
Min project: $1,000+
Overview: Leveraging a collaborative partner ecosystem and advanced AI, fintech, and digital innovation capabilities, Wipro helps banks improve efficiency across the entire banking value chain. Through strategic partnerships, investments in emerging technologies, and a global network of innovation labs, Wipro supports the transformation of payments, digital channels, credit services, and core banking operations. Clients: Saudi Arabian Monetary Authority, Arab National Bank, Al Rajhi Bank, and more.
Services provided: Migration and modernisation, infrastructure services, cloud security, cloud applications, AI.
Tech Stack: Java, Groovy, HTML5, JavaScript, JSON, Ruby, MATLAB, C#, C++, ASP.NET, Python, Scala, CSS 3, XML, Processing, COBOL, YAML, ES6, Go and Perl.
Price per hour: $25 – $49
Number of employees: 10,000+
Founded: 1991
Min project: $10,000+
Overview: Accenture offers a comprehensive range of services for the banking industry, including retail, commercial, and central banks, as well as specialty finance and payment businesses. They help banks adopt cloud technologies, enhance cybersecurity, and leverage data analytics for better decision-making and risk management. Accenture also supports the implementation of AI and machine learning to innovate customer service and automate processes. Through strategic consulting and advanced technology solutions, Accenture helps banks optimize operations, improve customer experiences, and remain competitive in a rapidly evolving financial landscape. Clients: Saudi Investment Bank, Bank Aljazira, Riyad Bank, and more.
Services provided: Digital transformation, IT consulting, software development, cybersecurity, data analytics, cloud solutions.
Tech Stack: Java, Python, HTML5, JavaScript, JSON, Kotlin, Ruby, C#, C++, ASP.NET, PHP, Scala, Swift, Crystal, CSS 3, Visual Basic, XML, Java EE, Processing, COBOL, YAML, Go, Perl and Groovy.
Price per hour: $25 – $49
Number of employees: 10,000+
Founded: 1989
Min project: $50,000+
Overview: NTG Clarity Networks is a leading technology partner in Saudi Arabia, combining a unique agile delivery approach with exceptional software engineering talents. Businesses choose NTG Clarity Networks to fulfill their growing requirements and bridge the local tech skills gap with top-tier technical expertise.
Services provided: Solution development, system integration, data migration, testing as a service, consulting.
Tech Stack: .NET, Java, Python, JavaScript, Angular, React.
Price per hour: $60 – $110
Number of employees: 250+
Founded: 2000
Min project: $30,000+
Overview: ITC Infotech offers a wide range of solutions including digital transformation, IT services, and consulting aimed at driving innovation and efficiency within financial institutions. ITC Infotech focuses on delivering cutting-edge technologies such as AI, machine learning, blockchain, and cybersecurity solutions to enhance operational capabilities and customer experiences. They work closely with clients to develop customized banking solutions, optimize digital channels, and implement advanced analytics for informed decision-making and risk management. Clients include Saudi Investment Bank, Samba Financial Group, Saudi Fransi Bank, and more.
Services provided: App development, legacy core banking modernisation, processes automation, cloud services.
Tech Stack: .NET, Java, Python, JavaScript, Angular, React.
Price per hour: $25+
Rating: GoodFirms (4.9)
Number of employees: 2000
Founded: 2000
Min project: $250,000+
Overview: ScienceSoft offers IT consulting and software development services to a diverse global clientele that includes Walmart, IBM, Nestle, eBay, NASA JPL, and numerous other large and midsize organizations. The company is highly regarded for its expertise in custom and platform-based development, focusing on CRM, data analysis, collaboration and knowledge management, and information security. ScienceSoft's portfolio also encompasses comprehensive testing and quality assurance services, alongside 24/7 support for IT infrastructure and applications. With strategic partnerships with industry leaders like Microsoft, AWS, Adobe, ServiceNow, and Oracle, ScienceSoft solidifies its reputation as a reliable technology partner.
Services provided: Custom software development, web development, mobile app development, IT consulting, cloud services, data analytics, AI & Machine Learning, quality assurance, DevOps.
Tech Stack: Java, .NET, Python, Node.js, React, Angular, AWS, Azure, SQL Server, MongoDB.
Price per hour: $50 – $99
Rating: Clutch (4.8), GoodFirms (5.0)
Number of employees: 750+
Founded: 1989
Min project: $50,000+
Overview: Cognizant offers a diverse range of specialized services for the banking and fintech sectors, centered on digital transformation and operational efficiency enhancement. They excel in developing digital banking solutions that elevate customer engagement and streamline operations. Cognizant supports core banking modernization initiatives, enabling banks to enhance scalability and agility. Their capabilities span payment solutions, regulatory compliance, risk management, AI and analytics for personalized customer experiences, cybersecurity, and cloud services.
Services provided: Processes automation, cloud computing, data and AI, enterprise platform services, security, software engineering, quality engineering and assurance.
Tech Stack: Java, .NET, Python, JavaScript, Angular, React, Node.js.
Price per hour: $25 – $49
Number of employees: 100,000+
Founded: 1994
Min project: $1,000+
Overview: Taqnia Cyber, a subsidiary of The Saudi Technology Development and Investment Company TAQNIA, fully owned by the Saudi Public Investment Fund, specializes in information and communication security, industrial cyber security (OT), cyber and signal intelligence, physical security, and capability training and development. The company aims to localize technology and cybersecurity solutions in Saudi Arabia, commercialize R&D outputs from local institutes, and drive R&D initiatives to meet local and regional market needs. Taqnia Cyber serves both public and private sectors, maintaining strong partnerships with national and regional research and development institutes.
Services provided: Cyber security product development, custom software development, data analysis.
Tech Stack: Java, .NET, Python, Node.js, React, Angular, AWS, Azure, SQL Server, MongoDB.
Price per hour: $25+
Number of employees: 50+
Founded: 2015
Overview: SURE Global Technology is a prominent Saudi IT company with over 15 years of experience in various technical solutions including information security, Internet and Intranet portals, e-Government solutions, system integration, and IT infrastructure systems. The company offers consulting services tailored to specific sectors and emphasizes development and continuous improvement through a dedicated technical training center. SURE serves as a System Integrator for data centers and software development, aiming to enhance business efficiency and productivity across enterprises. They have executed numerous e-services and portal projects, including over 120 IT projects for both government and private sectors, recognized with international and local awards for client satisfaction and innovative solutions.
Services provided: Software development, infrastructure services, information security.
Price per hour: $25+
Number of employees: 250+
Founded: 2004
Min project: $10,000+
Overview: ELEKS is a trusted partner recognized for delivering excellence in software engineering, quality, and transparency throughout all project phases. Specializing in cutting-edge innovations, ELEKS collaborates with Fortune 500 companies, large enterprises, and technology pioneers to enhance operational efficiencies and create value in today's dynamic business environment. With a team of over 2,000 professionals located in delivery centers across Eastern Europe, and sales offices in Europe, the US, and UK, ELEKS offers a comprehensive range of software services. These include dedicated teams, product development, research and development (R&D), and technology consulting, tailored to meet diverse client requirements.
Services provided: Custom software development, mobile app development, web development, IT consulting, cloud solutions, data analytics.
Tech Stack: Java, .NET, Python, JavaScript, Angular, React, Node.js.
Price per hour: $50 – $99
Rating: Clutch (4.9), GoodFirms (5.0)
Number of employees: 2,000+
Founded: 1991
Min project: $25,000+
Overview: Founded in 2015, Appinventiv is an organization specializing in technology solutions for startups and Fortune 500 companies. With a team of over 1000 tech experts and professionals, they focus on delivering customer-centric experiences and innovative solutions through timely delivery and post-development support. Appinventiv has successfully completed over 1000 projects, leveraging disruptive technologies such as Blockchain, Artificial Intelligence, Machine Learning, and Internet of Things. Their client roster includes notable names like Dominos, KPMG, IKEA, Karvan, and Gully Beat, spanning industries including healthcare, banking & finance, real estate, and entertainment. Appinventiv continues to expand boundaries to create new opportunities across various sectors.
Services provided: Financial, mobile banking, wealth management, accounting management, investment management software, digital wallet, payment app, payment gateway, lending platform, and open banking platform development.
Tech Stack: JavaScript, Angular, React, Flutter, Node.js, PHP, Express.js, CoffeeScript.
Price per hour: $25 – $49
Rating: Clutch (4.8), GoodFirms (4.9)
Number of employees: 1,000+
Founded: 2015
Min project: $50,000+
Overview: Hyperlink InfoSystem specializes in developing custom fintech applications and assisting clients in hiring dedicated developers. Their services include mobile banking app development, payment gateway integration, wealth management platforms, blockchain solutions, custom software development, investment and trading apps, and regulatory compliance. They also facilitate digital transformation by updating IT infrastructure to automate financial tasks such as data entry and invoice generation. Hyperlink InfoSystem combines industry components with technology to deliver comprehensive fintech solutions.
Services provided: Mobile app development, web development, AR/VR, blockchain solutions, devOps.
Tech Stack: React, Flutter, PHP, Python, Angular, Node.js.
Price per hour: $25 – $49
Rating: Clutch (4.6), GoodFirms (4.7)
Number of employees: 1,000+
Founded: 2011
Min project: $25,000+
Overview: Fingent specializes in creating tailored banking software solutions, offering services such as custom software development, web and mobile app development, and cloud services to enhance operational efficiency for financial institutions. With expertise in emerging technologies like AI and blockchain, Fingent helps clients stay ahead of industry trends. Their focus on quality and customer satisfaction has established them as a trusted partner in the banking industry.
Services provided: Сustom software development, web application development, mobile app development, enterprise software development, IT consulting, cloud services, business intelligence, system Integrations.
Tech Stack: .NET, Java, Angular, React, Node.js, PHP, MySQL, PostgreSQL, AWS, Azure.
Price per hour: $25 – $49
Rating: Clutch (4.9), GoodFirms (4.9)
Number of employees: 250+
Founded: 2003
Min project: $10,000+
Overview: TechGropse is a prominent mobile app development company with a strong presence in Saudi Arabia, specializing in Android, iOS, and cross-platform app development. Known for their agile development methodologies, TechGropse is committed to delivering robust, scalable applications. They excel in advanced technologies, ensuring they can handle any project with the appropriate tools and expertise.
Services provided: Сustom software development, web application development, mobile app development, enterprise software development, IT consulting, cloud services, business intelligence, system Integrations. custom mobile app development, UI/UX design, cross-platform development, blockchain solution, metaverse, AI & Machine Learning, cloud & DevOps.
Tech Stack: React, Angular, Vue.js, Java, Node.js, Python, iOS, Android, Swift, Kotlin, Flutter.
Price per hour: $25+
Rating: Clutch (4.7), GoodFirms (4.8)
Number of employees: 50+
Founded: 2015
Min project: $10,000+
Overview: Sindion Technology LTD is a custom software development company with a selectively chosen engineering workforce. As an independent solutions provider, they collaborate with leading brands in the IT industry and software development. Sindion's mission is to exceed clients' expectations by delivering solutions that transform data into knowledge, enabling problem-solving.
Services provided: Custom software development, web application development, mobile app development, IT consulting, UI/UX design, software consulting.
Tech Stack: Java, .NET, Python, JavaScript, Angular, React, Node.js
Price per hour: $25+
Rating: Clutch (5.0)
Number of employees: 50+
Founded: 2011
Founded: $1,000+
Overview: 700Apps is a business process automation services provider specializing in comprehensive end-to-end solutions. They offer consulting services such as enterprise architecture consultation, process re-engineering, process modeling, and digital transformation planning. Their development services include solutions architecture and design, low-code and custom development, and development and operations management. As a technology integrator, 700Apps partners with leading technology companies to provide customized solutions, leveraging the latest technology for high-performance, scalable, and secure outcomes. With a presence in Saudi Arabia, Egypt, UAE, and India, they deliver value throughout the entire digital transformation cycle, focusing on performance, scalability, and data integrity.
Services provided: Mobile applications, digital wallets and online banking platforms development, process optimization and automation, AI and data analytics.
Tech Stack: Java, JavaScript, Angular, React.
Price per hour: $25 – $49
Number of employees: 50+
Founded: 2012
Conclusion
These top 20 software development companies in Saudi Arabia have shown excellence in delivering high-quality banking software solutions. Whether you need mobile app development, web development, or specialized solutions like AI and blockchain, these companies can meet your business needs. Their strong client testimonials and high ratings validate their expertise and reliability in the industry.