With the rise of Neobanking, more banks are moving online. Extending your team can help you leverage financial software development solutions to personalise customer experience and make it easier to manage digital transactions.
Unlock your financial product roadmap with a lean tech team
60% of financial firms have a digital transformation plan but lack the specialist talent to execute it. While your roadmap stalls in a 9-month local hiring search, fast-moving competitors are rolling out AI workflows, launching embedded finance platforms, and winning your market share.
We build and manage lean teams of senior engineers in Bangalore into your workflow in weeks, not quarters.
Lean teams
Instead of large teams of average engineers, we build small teams of senior experts who can think critically and understand your product.
Niche skills
Get the exact skills your roadmap demands, from Quant Developers, to AI/ML Engineers, Cloud Architects, and more.
Long-term value
We have a 90% retention rate in clients teams means knowledge stays in your organisation, enabling faster delivery.
Custom development teams for your specific industry
Instead of assigning developers from a bench, we hire senior engineers with industry and regulatory knowledge who can deliver outcomes fast. We build for:
Access Bangalore’s talent pool to deliver an innovative platform for investment management. Leverage AI technologies to empower advisors to make informed decisions, personalise investment strategies, and deliver superior client outcomes.
With the increasing competition and evolving customer needs, the insurance industry is opening up opportunities and risks. Extending your team can deliver InsurTech solutions to improve efficiency across the insurance value chain and stay ahead of the latest digital trends.
Delivering returns in complex investment landscapes requires quality data and agility. Get a team that can deliver a tailored platform that empowers users to manage portfolios with data, automations, and advice, while ensuring regulatory compliance.
Regulatory pressures and demands of investors are presenting opportunities for new asset management solutions. Whether you want to empower advisors or put more tools and automatic suggestions into investors’ hands, your team will deliver solutions that match.
As businesses seek to optimise their financial processes and avoid double taxation, tech solutions are increasing refunds while alleviating administrative burdens. Your dedicated offshore team will develop Tax Technology solutions that increase financial efficiency.
In the globalised economy, businesses demand efficient and secure payment solutions. Your team can engineer global payment platforms for cross-border transactions that deliver exceptional user experiences while ensuring regulatory compliance.
Dynamic regulatory frameworks require agile compliance systems. Whether you are building automated reporting engines, fraud detection pipelines, or KYC workflows, your dedicated offshore team will deliver robust software to keep your operations compliant and risk-free
OUR FINANCE INDUSTRY CLIENTS:
OUR FINANCE INDUSTRY CLIENTS:
How we build and manage your team
In the last 10+ years, we’ve helped fintechs, financial data providers, and payment providers build teams of 4 to 400+ using the same proven approach.
1. We find the best tech and data talent
Whatever role or technology you’re looking for, we’ll hire them exclusively for you from Bangalore’s world-class talent pool using our 7-step recruitment process.
2. We set up your private, branded office
Your new team will have a dedicated workspace, and we’ll handle everything for you on the ground: HR, payroll, compliance, and security, so you can focus on your work.
3. We keep your engineers happy and committed
We make sure your engineers feel valued, supported, and genuinely connected to your company, which results in higher engagement, stronger performance, and long-term retention.
Financial industry software development teams success stories
See the outcomes our financial services clients have achieved by setting up leaner and smarter software development teams with The Scalers’ help.
FINTECH
PEI builds a 50-person engineering team to launch new products
Learn how PEI built a 50-person engineering team in Bangalore with The Scalers to launch two new, revenue-generating products and accelerate their digital transformation.
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50-person R&D centre set up in Bangalore
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2 products launched in 12 months
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4.8/5 avg. engineer performance rating
BANKING | FINANCE
How Preqin scaled to a 450+ person R&D Centre
Discover how a UK FinTech scaled from 4 to 450+ employees, launched an innovative new product and established its own entity in India.
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450+ employees in Bangalore
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40,400 sq. ft. office space
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6-year path to full ownership
FINTECH
How allpay overcame talent shortages to modernise its payment platform
Allpay partnered with The Scalers to overcome talent shortages and modernise its payment platform, saving 32% a year with zero attrition in 4 years.
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9-person offshore team
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Zero attrition in four years
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32% a year saved on total costs
BANKING | FINANCE
Colmore streamlines data processes with 85-person Bangalore R&D hub
Discover how Colmore’s new hub increased productivity and created new growth while solving its data and financial talent shortages.
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85+ hard-to-fill roles covered
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50% reduction in staffing turnover
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2x increase in data processing
Teams built for strict regulatory compliance and operational safety
Finance companies cannot compromise on security, so neither do we. Every team we build is designed for compliance, and we liaise with each client to match their exact needs.
100% IP ownership
Everything the team creates belongs to you. All your work is in your systems and your team works for you exclusively.
Controlled access infrastructure
Physical and digital access controls govern our office spaces, networks, and devices, with policies scoped per client.
EU Compliant
We follow GDPR-compliant data handling and instil practices so your company meets any other requirements (PCI DSS, EU DORA, etc) you need.
NDAs as standard
We sign NDAs at the company level and at the individual engineer level, so your information is legally protected and IP remains secure.
What your dedicated team can build
Whatever you are trying to build or software development service you need, you can find the right experts to deliver it in Bangalore.
Build internal or external platforms to connect users with data and services and provide innovative experiences that build trust, value, and revenue.
Develop, implement, or augment a payroll software solution so everyone gets paid on time and taxes and regulations are handled without any hassle.
Optimise financial operations with tailored Enterprise Resource Planning solutions. Integrate finance and control functions, from budgeting to compliance tracking.
Deliver secure and compliant neobanking solutions that customers’ demands. By using a dedicated team, you can ensure the security of your product and client data.
Move from a legacy solution or develop new cloud solutions. Your team will facilitate your development, adoption, migration, and optimisation of your cloud solution.
Develop solutions that keep financial data safe to protect your customers, your company, and your reputation with a team of cybersecurity experts.
Get clean and complete data in your systems. Your team will help you migrate, clean up, and adopt strategies for complete data integrity, now and in the future.
Facilitate data-driven decisions and seize opportunities when they arise with real-time data solutions. Give your team or clients an unfair advantage in the financial markets.
Enhance customer engagement and increase retention. From mobile apps or web portals, your team will deliver tailored solutions that drive business growth.
Provide secure and simple-to-use payment gateways. Whether you’re looking to adapt and implement existing solutions or develop a unique product, your team can help.
Give traders an unfair advantage. From algorithmic trading platforms to market analysis software, your team will help users to optimise their results.
Whether you want to automate tax calculations or streamline reporting, your team will craft a solution to simplify processes, reduce errors, and ensure compliance.
Speed up billing processes and simplify complex orders with your Billing and Order Management CRM solution. Create a solution that scales no matter how many skews you have.
Elevate financial management with custom accounting software developed by your expert team. Get the programmers you need to deliver an exceptional solution.
What finance tech leaders say about us
We have a client retention rate of 95% and a Net Promoter Score of 77. Find out why from our clients’ own words below.
“We’ve built a strong, high-performing team that objectively benchmarks in the first quartile for common engineering metrics. Given the top quality of the team and the attractive cost compared to London pricing, I would definitely recommend The Scalers.”
“Growing a team from 0 to 100+ is of course a challenge. Having a trusted partner on the ground has made this much easier for us. Working with The Scalers has been a success, and I don't say that lightly!"
“The value The Scalers deliver is long-term — Mediolanum Bangalore is an extended part of our team, not individuals disconnected in a different part of the world. It’s been fantastic and much smoother than I could have imagined.”
“The Scalers took the time to understand our needs and acted on them. We really needed good talent and The Scalers got us just that. From day one we’ve had a real collaboration and constant engagement. It’s been a game changer.”
The leaner, smarter way to go offshore
Our unique approach to offshoring gives you lean, high-performing teams which stay for the long-run. It’s the cost-optimal way to deliver financial software.
THE SCALERS
TRADITIONAL OUTSOURCING
NEARSHORING
THE SCALERS
TRADITIONAL OUTSOURCING
NEARSHORING
THE SCALERS
TRADITIONAL OUTSOURCING
NEARSHORING
THE SCALERS
TRADITIONAL OUTSOURCING
NEARSHORING
THE SCALERS
TRADITIONAL OUTSOURCING
NEARSHORING
THE SCALERS
TRADITIONAL OUTSOURCING
NEARSHORING
Top engineers
Your own team
Fast to onboard
Long-term stability
Cost effective
Common questions about building financial services software development teams
The questions CTOs, VPs of Engineering, and other business leaders ask us most often when setting up a new team for their product development
We don’t build software; we build teams that build software. We find the exact candidates you need and can deliver your development goals, then we embed them into your organisation and keep them engaged, so they stay around and deliver long-term value. Unlike traditional offshoring, we focus on senior experts who can make meaningful contributions so you avoid excessive headcount and ship updates faster.
It depends on the exact roles, technologies and scale you are looking for. We can find common skills in a matter of weeks and have onboarded candidates in as little as a month and a half, but for more senior positions with niche skills such as quant development, it can take as much as 3-6 months. Typically, it’s about half to a third the time you might expect in the UK or US.
Your team works exclusively for you as your own employees and signs NDAs. They work in your systems and codebases and can follow any security procedures you need, including using VPNs and locked-down devices. So all your work stays in your systems, and the knowledge remains in-house.
We incorporate compliance directly into the setup and management of every team, ensuring that data security is built in from day one. Our approach to GDPR, as well as standards like ISO 27001 and ISO 9001, focuses on a multi-layered security strategy:
- People & Process: All team members undergo background checks and sign comprehensive NDAs before joining. Additionally, all staff receive mandatory data security awareness training.
- Physical Security: Our Bangalore office features 24/7 security, campus-wide CCTV coverage, and ID-based access control with audit logs.
- Network Security: We utilise 802.1X authentication across our wireless network and can extend or replicate your existing infrastructure—including firewalls and tokenised VPNs—to meet your exact specifications.
- Tailored Controls: We work with you to implement bespoke security measures, such as locking down USB ports or provisioning specific software, ensuring your requirements serve as the baseline.
We have a proven track record, demonstrated by our work with clients like allpay, where we mirrored UK physical security and compliance standards, including PCI DSS Level 1.
Typically, your team in Bangalore will start work an hour earlier to maximise their overlap time, providing 4.5-6 hours in the UK and EU, and 2 hours overlap in the East Coast of the US. It is possible to find employees who overlap more, but this increases the cost and will lengthen recruitment times. However, most clients soon see the benefit of having their Indian team start work before their local operation, and some reduce the overlap to extend these advantages.
