Banking Software Development Companies in the UAE for 2025
Author: Jennifer Smith
Last updated January 30
The United Arab Emirates is currently a leading country in the fintech sector within the Arab region. According to studies, the UAE accounts for 47% of all fintech deals and 69% of total funding in the MENA region, hosting the majority of the region’s fintech start-ups. This growth is driven by a tech-savvy population eager to adopt fintech innovations, the progressive structure of the country’s financial free zones, and a thriving capital sector willing to invest in fintech startups.
Fintech adoption and growth are top national priorities for the UAE, fostering the advancement of digital financial services as a significant innovation to modernize the region’s economic structure. Fintech businesses and start-ups in the UAE benefit from a holistic, dynamic ecosystem with an independent regulatory and English Common Law judicial system, as well as a global financial exchange, to promote their innovative solutions and expansion plans to investors.
This growing trend has led to a high demand for banking software development companies. To assist businesses in the UAE looking for a banking software development company, here are the top 25 software developers based on customer reviews, experience, and services provided.
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: Emaratech, owned by the Investment Corporation of Dubai, is a premier technology and management consulting firm in the Arab World. They offer top-tier market strategies, online solutions, outsourced technology services, and advanced business IT solutions for both private and public sectors. Their business domain expertise encompasses border access and control, government eServices, security services, payment gateways, ERP, and real estate technology solutions.
Emaratech's services include product engineering, enterprise and custom online applications, systems integration, infrastructure hosting, business process re-engineering, IT and business consulting, quality management, project management, and managed services. Clients include Dubai Airports, General Directorate of Residency and Foreigners Affairs - Dubai, and Dubai Courts.
Services provided: Custom software development, IT consulting, business process outsourcing, systems integration, cloud services.
Tech Stack: .NET, MaxCDN, Microsoft IIS, Bootstrap
Price per hour: $50 – $99
Number of employees: 500+
Founded: 2003
Overview: Kuchoriya TechSoft is a globally recognised mobile app development company with a successful track record in web development. The team is dedicated to creating world-class digital experiences by implementing cutting-edge technologies such as IoT, wearable tech, enterprise mobility, cloud, and mobile solutions. These innovations not only meet but exceed client expectations, establishing Kuchoriya TechSoft as a leader in their field. With a vision to become the most trusted offshore IT solutions partner worldwide, the company continuously adopts new and emerging technology trends in iPhone and Android app development, among other verticals. They provide services across the US, Italy, UAE, New York, London, Chicago, and other regions worldwide that outsource IT solutions.
Services provided: Custom software development, mobile and web app development, salesforce development, enterprise app development, CRM and ERP development.
Tech Stack: Java, .NET, Python, PHP, Node, Rails, Angular, React
Price per hour: $25 – $49
Rating: Clutch (5.9)
Number of employees: 200+
Founded: 2009
Min project: $1,000+
Overview: Seasia Infotech offers a wide array of digital transformation solutions, including custom software development for CRM, API development, and enterprise applications. The company leverages cutting-edge technologies such as AI, ML, cloud computing, and blockchain to optimize business operations and foster growth. Seasia provides AI and ML services to streamline processes and facilitate data-driven decision-making. As an offshore enterprise development company, Seasia uses its expertise in cloud, blockchain, and AI technologies to enhance business efficiencies globally, managing projects from conceptualization through to implementation.
Services provided: Mobile and web development, system design and architecture, testing services, cybersecurity, data analytics, infrastructure services.
Tech Stack: Java, Python, JavaScript, Node, PHP, React.
Price per hour: $25 – $49
Rating: Clutch (4.8), GoodFirms (4.8)
Number of employees: 500+
Founded: 2000
Min project: $5,000+
Overview: SparxIT is a digital transformation and intelligent tech enabler committed to shaping a secure future through cognitive solutions in verticals such as healthcare, BFSI, retail and eCommerce, supply chain, and more. The company has garnered domain-specific experience in core technologies like JAVA, .NET, PHP, and Node, as well as Native and Hybrid mobile applications. Their progress is marked by the integration of emerging technologies like blockchain, AI/ML, AR/VR, and the Metaverse in refining the tech horizon. Established in 2007, SparxIT has received numerous prestigious recognitions for its quality services in the IT-software industry. SparxIT's team of technocrats delivers services using cutting-edge cognitive technologies. Their ability to handle complex challenges has made them a renowned name in the web development and mobile app development industry.
Services provided: Payment gateway, digital wallet, lending app, fintech CRM, mobile banking app, crowdfunding platform development.
Tech Stack: Java, .NET, PHP, Python, Node, PHP, Angular, Kotlin, React.
Price per hour: $25+
Rating: Clutch (4.8), GoodFirms (4.9)
Number of employees: 200+
Founded: 2007
Min project: $5,000+
Overview: ELEKS is a trusted partner renowned for ensuring software engineering excellence, quality, and transparency across all project stages. Specializing in high-tech innovations, ELEKS serves Fortune 500 companies, large enterprises, and technology challengers, enhancing operational efficiencies and driving value creation in today's dynamic landscape. With a team of over 2,000 professionals situated in delivery centers across Eastern Europe and sales offices in Europe, the US, and UK, ELEKS provides a comprehensive array of software services. These include dedicated teams, product development, research and development (R&D), and technology consulting, tailored to meet diverse client needs.
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: Brainvire has significantly impacted both Fortune 500 companies and startups, focusing on Industry 4.0 technologies such as Artificial Intelligence, IoT, Machine Learning, Cloud Computing, and Blockchain. Their diverse portfolio includes collaborations with notable companies like Walt Disney, Alghanim Industries, Landmark Group, EagleHills, and Times of India, among others. Brainvire utilizes open-source frameworks like Node.js, Python, PHP, and premium Microsoft solutions to deliver innovative IT solutions. With a presence across 11 international locations and over 1500 successful implementations, Brainvire maintains strategic alliances with industry leaders including Microsoft, Odoo, SAP, Magento, Google, and AWS.
Services provided: financial portal, banking and payment app, digital wallet, crowdfunding platform, fintech CRM, crypto exchange platform, insurance software development.
Tech Stack: Java, .NET, Python, JavaScript, Angular, React, Node.js.
Price per hour: $25 – $49
Rating: Clutch (4.8), GoodFirms (4.8)
Number of employees: 1,000+
Founded: 2000
Min project: $25,000+
Overview: Fingent excels in creating tailored banking software solutions. They provide a comprehensive range of services, including custom software development, web and mobile app development, and cloud services, aimed at enhancing operational efficiency for financial institutions. Known for their expertise in emerging technologies like AI and blockchain, Fingent ensures their clients stay ahead of the curve. Their commitment to quality and customer satisfaction has made them a trusted partner in the banking industry.
Services provided: custom 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: 636
Founded: 2003
Min project: $10,000+
Overview: LeverX has maintained a steadfast and esteemed partnership with SAP for over 20 years, establishing itself as a trusted Preferred Vendor since 2004. As an SAP Gold Partner and Global Strategic Supplier, LeverX empowers companies to maximize their investments in SAP solutions. The company boasts a track record of over 950 successful projects delivered to more than 800 customers across diverse industries such as manufacturing, automotive, telecommunications, healthcare, transportation, retail, and financial services.
Services provided: SAP custom development, AI solution development and implementation, Big Data and BI, infrastructure services.
Tech Stack: SAP tech, JavaScript.
Price per hour: $50 – $49
Rating: Clutch (4.7), GoodFirms (5.0)
Number of employees: 1,000+
Founded: 2003
Min project: $100,000+
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: Sigma Software is comprised of a team of 2,000 IT experts located in the USA, Sweden, UK, Canada, Israel, Singapore, UAE, Australia, Austria, Ukraine, and Poland. For nearly 20 years, Sigma Software has been successfully assisting clients in overcoming business challenges through managed services, dedicated development teams, and intelligent solutions of various scales. Their expertise spans e-commerce platforms, document management systems, business support systems, process automation, and more.
Services provided: Banking and fintech app development, products and processes digitalisation, UI/UX design, DevOps, AI, IoT.
Tech Stack: JavaScript, Java, .NET, Python, React, Angular, AWS, Azure.
Price per hour: $25 – $49
Rating: Clutch (4.5), GoodFirms (5.0)
Number of employees: 1,000+
Founded: 2013
Min project: $5,000+
Overview: Intellias is a trusted technology partner for top-tier organizations and digital natives, helping them accelerate sustainable digitalization. They contribute to the success of leading global brands such as HERE Technologies, LG, Siemens, Swissquote Bank, KIA, TomTom, HelloFresh, Xerox PARC, and Deloitte. Intellias offers comprehensive services for banking and fintech companies, focusing on digital transformation and innovation. Their expertise includes developing secure and scalable core banking systems, enhancing digital banking experiences through mobile and web applications, and implementing advanced analytics for personalized customer insights. Intellias also provides robust solutions for payment processing, fraud detection, and regulatory compliance.
Services provided: custom software development, generative AI, AI development, cybersecurity, Bi & Dig Data.
Tech Stack: Java, .NET, Python, Node.js, React, Angular, AWS, Azure, SQL Server, MongoDB.
Price per hour: $25 – $49
Rating: Clutch (4.9), GoodFirms (5.0)
Number of employees: 1,000+
Founded: 2013
Min project: $50,000+
Overview: DataArt is a global software engineering firm that provides software development and consulting services across various industries, including finance, healthcare, retail and distribution, media and entertainment, travel, hospitality, and more. The company assists clients in creating custom software that enhances their operations and explores new markets. Clients include Nasdaq, Legal and General, Invesco, CIFC, Monex Europe, Ledgebrook.
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: 3,000+
Founded: 1997
Min project: $25,000+
Overview: DICEUS focuses on addressing the challenges of insurance companies to help them increase revenue, improve customer engagement and loyalty, and gain a competitive edge. They have developed solutions such as mobile apps, chatbots, web portals, and customer feedback tools to automate key processes like policy purchase and administration, claim management, and document management. In addition to solutions for insurers, DICEUS offers over 100 IT services, including legacy system modernization, integration, cloud transformation, and DWH development. Clients in the insurance sector include UNIQA, Fadata, WTW, BriteCore, and BenefitNet. DICEUS is also an official partner of Microsoft, Google Cloud, Oracle, and Fadata.
Services provided: Online, mobile banking, core banking systems, AI, fintech apps, payment, lending, blockchain solutions development.
Tech Stack: JavaScript, SQL, Python, Java, C#, PHP, C++, Go, Kotlin, Ruby.
Price per hour: $25 – $49
Rating: Clutch (4.9), GoodFirms (5.0)
Number of employees: 100+
Founded: 2011
Min project: $10,000+
Overview: EffectiveSoft provides nearshore and offshore custom software development solutions, including cloud migration, optimization, and implementation, UX/UI solutions, and data analytics. Their services support digital transformation for companies by developing advanced fintech software and modernizing existing solutions. BFSI organizations partnering with EffectiveSoft receive powerful, feature-rich finance software designed to ensure robust business operations and safeguard financial systems and data. EffectiveSoft's offerings aim to help clients maintain leading positions in the fintech market.
Services provided: Trading software, risk management software, personal finance management software, billing and payment solutions, investment and wealth management systems, financial analytics solutions development.
Tech Stack: .NET, Node, React, PHP, Java, Angular, Mongo.
Price per hour: $50 – $99
Rating: Clutch (4.9)
Number of employees: 250+
Founded: 2000
Min project: $25,000+
Overview: ParamInfo offers end-to-end application development services, including Android and iOS app development, delivering robust and scalable solutions at an affordable costParamInfo is a leading banking software development company in the UAE, recognized for its agile delivery approach and top-tier engineering talent. They provide customized IT solutions to meet the dynamic needs of the banking sector. Clients include Abu Dhabi Commercial Bank, First Abu Dhabi Bank, and Union National Bank.
Services provided: Mobile app, cloud, hybrid and native app, Android and iOS app, custom software, PHP, ERP solution development.
Tech Stack: Java, .NET, Python, Node, JavaScript, React, PHP.
Price per hour: $25 – $49
Rating: Clutch (5.0)
Number of employees: 100+
Founded: 2006
Min project: $1,000+
Overview: Verbat Technologies’s core expertise lies in Microsoft, open source, mobile, and cloud technologies. They leverage their innovation ecosystem to bring disruptive thinking to next-generation digital technology services and products for enterprises across retail and manufacturing, travel and transportation, financial services, and emerging verticals.
The company provides agile, innovative, and custom banking software solutions. Their expert team and client-centric approach ensure the delivery of scalable and secure banking applications. Clients include Emirates NBD, Abu Dhabi Commercial Bank, and Mashreq Bank.
Services provided: App development, digital transformation, cybersecurity, quality assurance and testing, regulatory compliance services.
Tech Stack: Java, C#, Perl, PHP, Angular, React, Node.Magento.
Price per hour: $25 – $49
Rating: Clutch (4.0)
Number of employees: 50+
Founded: 1999
Overview: Tech Mahindra is a global systems integrator known for its innovative and customer-centric IT services. With operations in over 90 countries and a workforce of over 107,200 professionals, Tech Mahindra serves more than 818 global customers, including Fortune 500 companies. Recognized among Asia's Fab 50 companies by Forbes in 2015, Tech Mahindra's banking experts specialize in end-to-end system integration and transformation services. Their offerings include legacy modernization, cloud solutions, open banking, automation, analytics, cybersecurity, regulatory compliance, and risk management. Tech Mahindra also has extensive experience in digital banking solutions with platforms like Temenos, Avaloq, FIS, and Finastra, ensuring a seamless digital transformation process.
Services provided: Implementation, system integration, testing, cloud services, data migration, DevOps, software development.
Tech Stack: Java, Python, C++, ASP.NET, Scala, CSS 3, XML, Processing, COBOL, HTML5, JavaScript, JSON and C#.
Price per hour: $25+
Number of employees: 100,000+
Founded: 200+
Founded: 1986
Overview: InLogic IT Solutions LLC, based in Dubai, specializes in providing comprehensive IT services to esteemed clients in the UAE. They offer ISO 9001:2015 certified services to organizations across the UAE, with an affiliated web design and development company in Dubai delivering premium website development and design solutions. InLogic's team excels in mobile app development, event management systems, custom web application development, SEO, e-commerce, social media marketing, and IoT solutions.
Services provided: Custom software development, mobile app development, web design, web development.
Tech Stack: Node, Git, Flutter, Jira.
Price per hour: $100 - $149
Number of employees: 100,000+
Founded: 2015
Min project: $5,000+
Overview: SCD Company is a custom software development firm with offices in Dubai, UAE, and Yerevan, Armenia, offering software engineering and IT consulting services to startups, SMEs, and large enterprises. The company specializes in crafting custom software solutions tailored to meet unique business needs, ensuring a perfect fit for every client. SCD Company is dedicated to solving all software-related challenges and is committed to fostering long-term relationships built on trust. Their agile development approach emphasizes flexibility and continuous improvement, consistently delivering exceptional results.
Services provided: Custom software development, AI, performance testing, Big Data, web/mobile application development, workflow automation.
Tech Stack: Java, Python, Spring, AngularJS, VueJS, Eclipse, Elasticsearch, AWS, Liferay, Wicket, GWT, C#, and others.
Price per hour: $25 – $49
Number of employees: 20+
Founded: 2002
Min project: $25,000+
Overview: Founded in 1990, Gulf Business Machines (GBM) is the leading provider of IT solutions in the region, partnering closely with industry giants like IBM and Cisco to deliver innovative technology solutions. GBM supports diverse sectors including e-Government, Banking and Finance, Telecommunications, Retail, and Oil & Gas across the UAE, Bahrain, Kuwait, Oman, Qatar, and Pakistan.GBM provides comprehensive banking software solutions and IT services across the UAE. With a focus on agile delivery and innovative technologies, they help banks enhance their operations and customer experience. Clients include National Bank of Abu Dhabi, Emirates NBD, and Mashreq Bank.
Services provided: IT infrastructure, custom software development, cloud services, cybersecurity.
Tech Stack: Java, .NET, Oracle, SAP.
Number of employees: 1,000+
Founded: 1990
Min project: $20,000+
Overview: Speridian Technologies is a global leader in business and technology solutions, specializing in digital transformation through next-generation digital and cloud solutions. With a consultative approach tailored to various industries including Healthcare, Banking & Financial Services, Insurance, Manufacturing, Public Sector, Real Estate, and Retail & E-commerce, Speridian has over 19 years of experience serving more than 350 clients worldwide. Speridian Technologies offers agile banking software solutions with a focus on innovation and client satisfaction. Their expertise helps banks enhance operational efficiency and customer engagement. Clients include Emirates NBD, CSB Bank, Abu Dhabi Commercial Bank, and Mashreq Bank.
Services provided: Custom software development, IT consulting, CRM solutions, cloud computing, DevOps.
Tech Stack: .NET, Java, Python, Angular, React.
Price per hour: $200 – $300
Number of employees: 1,000+
Founded: 2003
Overview: Emisoft Systems is a UAE-based software development company with over 26 years of experience in assisting businesses worldwide in their digital transformation. The company specializes in creating digital solutions using innovative technologies such as Big Data, Visual Technologies, Machine Learning, and Deep Learning. Emisoft Systems has been recognized among the top 1,000 B2B service providers globally, demonstrating a strong track record of project success for diverse clients. With expert centers in Healthcare, FinTech, Multimedia and Entertainment, IoT, and E-commerce, Emisoft Systems develops enterprise-level solutions for large enterprises and SMEs, establishing long-term partnerships with brands like Intel, IBM, and Nexign.
Services provided: Mobile app and web development, AI development, API development, blockchain, DevOps.
Tech Stack: Java, .NET, Python, Node.js, React, AWS, Azure, SQL Server, MongoDB.
Price per hour: $25 – $49
Rating: Clutch (5.0)
Number of employees: 100+
Founded: 2022
Min project: $10,000+
Overview: StruqtIO is a custom software development company based in the UAE, specializing in scalable enterprise software solutions for Middle Eastern clients. The team comprises skilled developers proficient in the latest technologies and platforms, addressing complex challenges and delivering robust software solutions. StruqtIO offers services including web and mobile application development, cloud computing, .NET development, database development, enterprise software development, dedicated development teams, data analysis, and software testing. Their agile workflow ensures constant collaboration with clients, timely delivery, and attention to detail for projects of any size and complexity.
Services provided: Custom software development, .net development, database development, quality assurance, mobile app and web development, cloud services.
Price per hour: $25 – $49
Number of employees: 100+
Founded: 2023
Overview: Dev Technosys is an ISO 9001:2015 certified web and mobile app development company headquartered in Rajasthan, India. Since its inception in 2010, the company has been committed to making technology accessible and comprehensible for enterprises globally, assisting them in overcoming modern business challenges through innovative solutions. Dev Technosys has established itself as a reliable technology partner, delivering over 950 projects to more than 450 satisfied clients worldwide. Their commitment to quality and customer satisfaction has earned them a strong reputation in the industry.
Services provided: Custom software development, mobile and web app development, enterprise solutions, and e-commerce development.
Tech Stack: Java, .NET, Python, React JS, React Native, Flutter.
Hourly price: $25 – $49
Rating: Clutch (4.8), GoodFirms (4.9)
Employees: 70+
Founded: 2010
Min project: $10,000+
Conclusion
The banking software development industry in the UAE is a testament to the region's significant technical innovation and progress. Companies cater to a wide range of clients, from established enterprises seeking digital transformation to startups with innovative ideas. Their commitment to quality and adaptability to evolving technological trends make them ideal partners for any digital project