Consultancy Services

Doing a fintech business is a very dynamic and demanding experience. Stakeholders will often run into situations they’ve never coped with before, like launching a unique fintech software product, approaching a new market, integrating new systems and frameworks, and so on. The financial services industry has experienced multiple technology-driven shifts in recent years, and the speed of changes is not expected to lose stream in the nearest future.

Management teams in banks rely on their IT departments to increase their business performance and efficiency, all while bringing down costs and supporting their legacy software systems. Meanwhile, fintech companies win the established markets with brand-new customer-centered applications, offering advanced services, smooth omnichannel experiences, and better overall value for the money. Consequently, as a CEO or CTO for a fintech company, you probably find yourself facing some common challenges around business strategy, new product development, data security and privacy, financial regulatory compliance, integration of emerging technologies, or audience engagement. Fortunately, experienced tech consulting firms can help fintech teams deal with the challenges time- and cost-effectively.

These circumstances are critical, and if they are addressed in the wrong way, your whole business can be put at stake. To deal with such situations, fintech technology companies need specific skills and knowledge that they may not have in-house, so external consultants bring the missing piece of the puzzle to the table.

Companies that offer small business IT consulting products have no emotional attachment to your business, so it is much easier for them to define the issues that restrict your company and slow down your growth. Additionally, external advisors are not afraid to ask questions on how things are done, cast doubt on the assumptions, and disclose those strategies that don’t work.

Moreover, the need for a professional IT strategy consulting partner can also arise as your fintech startup continues to mature, and you’re determined to scale. There is a range of critical changes that require thorough guidance, such as phased integration of new functionality to prevent downtimes, the embedding of third-party tools and systems, regulatory compliance, load balancing, cloud migration, and introduction of future financial technologies (Data Science, Machine Learning, Artificial Intelligence, Blockchain, and more).

Technology consulting services can turn challenges into opportunities, helping you discover the emerging trends and promptly adjust your processes and services accordingly.

We hire top talent to our company, test and teach them on our projects, and encourage their growth. Working with us and hiring professional consulting services, our clients grow and run into a situation when they need additional resources, so we assemble a team with the required expertise, knowledge, and skills to ensure a smooth project kick-off and efficient performance.

SMPAY as a fintech consulting company, we’ve been supporting small and medium-sized businesses with premium services for years. We have the necessary knowledge and expertise to cover every stage of a product life cycle, from discovery and analysis to implementation, successful launch, and post-release support. Contact our experts for more details.