--- title: "Fintech" description: "Devspace helps fintech companies and financial institutions build faster with senior software engineers embedded directly in the team. From open banking and fraud detection to compliance systems and legacy modernization - most engagements start within 2-4 weeks." url: "https://www.devspace.no/industries/fintech" markdown: "https://www.devspace.no/industries/fintech.md" type: "industry" site: "devspace" updated: "2026-08-05" --- # Fintech > Devspace helps fintech companies and financial institutions build faster with senior software engineers embedded directly in the team. From open banking and fraud detection to compliance systems and legacy modernization - most engagements start within 2-4 weeks. ## Fintech software development for teams building the future of financial services Devspace is a financial software development company that embeds senior engineers directly into fintech companies and financial institutions - from open banking API development and fraud detection software development to legacy banking system modernization and KYC and AML compliance technology. Most engagements start within 2-4 weeks. [Talk to us about your stack](https://www.devspace.no/industries/fintech#contact-form) ![Fintech software development for teams building the future of financial services](https://cdn.sanity.io/images/2qghods7/production/cdce349317dd31840370d75d0b3efc1327cfe092-751x709.png?w=1200) ## Senior engineers for fintech companies - who we work with We work with companies across the financial services spectrum: fintech software development scaleups, neobanks, payment infrastructure companies, wealthtech and insurtech platforms, embedded finance platform development teams, and traditional financial institutions undergoing legacy banking system modernization. We also support PE-backed financial services consolidators and VC-backed fintechs approaching Series B who need engineering capacity without a 3-month hiring cycle. The engineering challenges we see repeatedly in this vertical: compliance-aware systems that require KYC and AML compliance technology expertise baked in from day one, open banking API development that has to be rock-solid across multiple regulatory frameworks, fraud detection software development that operates at transaction speed without false-positive rates that kill customer experience, and cloud migration financial services projects that carry real regulatory and operational risk if handled carelessly. We don't consult on your product strategy. We place the senior engineers for fintech companies who execute it. - **$1.5T** — Global fintech revenues projected by 2030 - **3.2:1** — Demand-to-supply ratio for AI/ML engineers - the profiles fintech needs most - **600+** — Pre-vetted engineers in our EU network - **2-4 weeks** — Median time to first engineer placed ## What we deliver for financial software development companies and institutions ### Open banking & API platform development We help fintech engineering teams build production-grade open banking API development platforms - PSD2/PSD3-compliant, third-party provider integrations, consent management layers, and the developer portal infrastructure that makes them usable at scale. ### Fraud detection & risk engineering We place engineers with deep fraud detection software development experience - real-time transaction scoring, ML-based anomaly detection, rule engine design, and the data infrastructure needed to keep false positive rates low without slowing down genuine transactions. ### KYC, AML & compliance technology We build KYC and AML compliance technology teams for fintechs and banks navigating GDPR, FATF, and national regulatory frameworks - identity verification pipelines, watchlist screening, automated SAR reporting, and audit-ready data architectures. ### Embedded finance platform development We support companies building embedded finance platform development products - from lending and payments APIs embedded into non-financial platforms to card programme infrastructure, account issuing, and the compliance layers that underpin them. ### Legacy banking system modernization We place senior engineers for fintech companies and banks tackling legacy banking system modernization - strangler-fig migrations, core banking API abstraction layers, cloud migration financial services programmes, and the integration engineering needed to keep live systems running during transformation. ### Blockchain & DeFi development We source engineers for blockchain fintech development projects - smart contract development and auditing, tokenization infrastructure, DeFi protocol engineering, and the bridge architecture needed to connect on-chain and off-chain financial systems securely. ## AI and regulation are reshaping financial software platforms - simultaneously The engineering challenge in financial services isn't just moving fast - it's moving fast inside a compliance boundary that tightens every year. Fintech software development teams are navigating AI adoption, open banking mandates, real-time payments infrastructure, and legacy banking system modernization at the same time. Devspace places fintech software engineers Europe-wide who understand both the technical and regulatory context, embedded directly in your team from our 600+ engineer EU network. ### AI-powered fraud detection AI is moving fraud detection software development from rule-based systems to real-time ML scoring - enabling fintechs and banks to detect novel fraud patterns without the brittle rule maintenance that slows compliance teams. The engineering challenge is building low-latency inference pipelines that operate at transaction speed, integrate with existing core systems, and produce explainable outputs that satisfy regulators. **_Where Devspace fits:_** We place backend engineers and ML specialists who've shipped these systems in production financial environments, not just proof-of-concept labs. ### Open banking & PSD3 Open banking API development has moved from compliance obligation to competitive differentiator. PSD3, the FiDA framework, and equivalent mandates outside Europe are expanding the surface area of required integrations - and the quality of developer experience around those APIs is increasingly what determines which platforms win distribution. **_Where Devspace fits:_** We place senior engineers for fintech companies who understand the regulatory context and can build the developer portals, consent management systems, and event-driven integration layers that production open banking requires. ### KYC/AML automation & RegTech KYC and AML compliance technology is one of the highest-leverage engineering problems in financial services - automating identity verification, adverse media screening, and transaction monitoring at scale without creating friction that drives customers away. AI-powered document analysis, NLP-based adverse media pipelines, and graph-based relationship networks for beneficial ownership mapping are all active engineering problems. **_Where Devspace fits:_** Devspace places compliance-aware engineers who understand both the technical stack and the regulatory interpretation behind it. ### Cloud migration Cloud migration financial services projects carry unique risk - live payment systems, regulatory reporting dependencies, and audit trail requirements that don't exist in other verticals. Legacy banking system modernization isn't just a refactor: it typically involves parallel running of old and new systems, careful data migration strategy, and stakeholder management across compliance, operations, and engineering simultaneously. **_Where Devspace fits:_** We place senior engineers who've run these programmes before and understand what can go wrong. ### Embedded finance & BaaS Embedded finance platform development is creating a new category of financial infrastructure company - BaaS providers whose APIs let non-financial businesses offer lending, accounts, and payments to their customers. The engineering requirements span licensing-aware system design, multi-tenant architecture, real-time ledger systems, and the open banking API development integrations that connect it all. **_Where Devspace fits:_** We place engineers who understand both the product ambition and the regulatory infrastructure it sits on. ### Blockchain, DeFi & tokenization Blockchain fintech development is maturing from speculative infrastructure into institutional use cases: tokenized securities, programmable payments, digital asset custody, and cross-border settlement rails. The engineering challenges - smart contract security, on/off-chain bridge design, regulatory-grade auditability - require a rare combination of cryptographic understanding and enterprise software discipline. **_Where Devspace fits:_** Devspace sources these engineers from across our EU network and places them into both pure-play crypto firms and traditional institutions building digital asset capabilities. ## Building financial software is complex enough. Scaling your engineering team shouldn't be Tell us what you're building. We'll match you with senior engineers for fintech companies who understand the regulatory and technical context - typically within 2-4 weeks of your first call. [Book a free call](https://www.devspace.no/industries/fintech#contact-form) ## What our clients say > "Every Devspace engineer understood our stack, fitted our process, and added real value fast. That consistency is rare and genuinely makes a difference" > > — Andrew Page, CEO, Hippo Manager > "Devspace engineers adapted fast to our needs, our culture, our priorities. Self-directed and focused on what mattered most to our team" > > — Kim Stian Haugland, VP Operations and Technology, Optimarin > "Devspace built our dev team and provided part-time CTO expertise within 2 weeks - a partner who truly understands health tech's regulatory demands" > > — Hege Eiklid, CEO, Innocom ## Fintech software engineers Europe - engineers we place Stack-agnostic. From open banking API development and fraud detection software development to blockchain fintech development and cloud migration financial services - we match engineers to the stack, regulatory context, and domain you're already working in. Not to a fixed bench. ![Fintech software engineers Europe - engineers we place](https://cdn.sanity.io/images/2qghods7/production/5b73f761af7e25ecf4e6bca7016f6a3d76d8be81-1660x1120.png?w=1200) ## Why fintech software development companies choose Devspace ### Embedded, not outsourced Your stack, your compliance requirements, your sprint process. Our fintech engineering team augmentation model means engineers join your team - they don't replace it or run parallel to it. You stay in full control of delivery and architecture decisions. ### Regulatory context from day one We place fintech software engineers Europe-wide who understand GDPR, PSD2/PSD3, AML directives, and national regulatory frameworks at an engineering level - not as a checklist. Our EU network means your engineers operate inside the same regulatory environment as your product. ### 2-4 weeks from first call Pre-vetted senior engineers for fintech companies mean we move fast. No lengthy procurement cycles. No CV dumps. A shortlist of matched engineers - typically within days of your request and embedded within 2-4 weeks. ### European engineers, not offshore Our 600+ fintech software engineers span Europe - Nordics, Baltics, Poland, Central Europe. Full timezone overlap, compatible with US East Coast. Senior talent meeting Scandinavian and US quality standards with the compliance context your product requires. ### Financial domain depth We've placed engineers into open banking API development platforms, fraud detection software development teams, embedded finance platform development companies, and legacy banking system modernization programmes. We understand the domain, not just the job spec. ### Strategic depth when you need it If your challenge is bigger than headcount - a pre-investment technical diligence, a missing CTO, or an architecture review before a major compliance deadline - we have that capability too. One partner for financial technology consulting and execution across the full technology lifecycle. ## Tell us what you need. We'll find the right engineers. Whether you need senior developers embedded in your team, a Fractional CTO, or a technology assessment before a deal — most engagements start within 2–4 weeks. Contact devspace: email [post@devspace.no](mailto:post@devspace.no) or use the contact form at https://www.devspace.no/#contact-form (name, email, phone (optional), company, what you are looking for). --- devspace · https://www.devspace.no · post@devspace.no · Bogstadveien 27B, 0355 Oslo, Norway Index of all pages for AI agents: https://www.devspace.no/llms.txt