These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.
Stripe is a payment gateway software solution which supports a range of payment related needs such as subscription management and recurrent billing via Stripe Billing, integration with third party payment services via the Stripe Connect API, assistance starting an Internet business…
PayPal Payments Pro is an enterprise-class ecommerce payment solution, that provides payment processing security to build a professional-grade ecommerce site. It can be configured to meet business needs and works across devices. Users can tap into over 390 million active customer…
Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and…
Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting…
Xoom, a PayPal Service, is an online money transfer service for quickly sending money internationally.
Apple Pay is a payment gateway the vendor states gives customers an easy, secure, and private way to pay in stores, within apps, on the web, and in Business Chat.
TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, the cloud platform and service model have supported the office of the CFO to collaborate and attain efficiency, automation, and control. By streamlining…
Adyen is a payment gateway software solution offered by Adyen.
Square Payroll is a payroll solution for hourly employees, from Square headquartered in San Francisco, California.
Square Invoices is a software invoicing solution from Square headquartered in San Francisco, California.
Checkout.com headquartered in London enables businesses with technology designed to make payments seamless. Checkout.com boasts the fastest, most reliable payments in more than 150 currencies, with in-country acquiring, fraud filters and reporting through one API. Checkout.com can…
E*TRADE is a financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company focused on delivering complete and easy-to-use solutions for traders, investors and…
Affirm, headquartered in San Francisco, offers their dynamic payment system for ecommerce, supporting payments broken out into installments to accommodate shopper preference.
Established in Melbourne in 2015, Airwallex is a payments platform that aims to transform the way businesses move and manage money globally. They state their goal is to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With…
GoFundMe acquired CrowdRise in 2017 and offers it now offers GoFundMe Charity, based on the former product, a fundraising platform emphasizing the needs of non-profit organizations rather than individuals.
Chime is an online banking solution from the company of the same name in San Francisco, allowing users to track account balances, daily transactions, and savings from anywhere with the Chime mobile app, and get daily balance notifications and instant transaction alerts any time for…
Kabbage from American Express offers a data and technology platform to provide small businesses automated cash flow solutions, including business checking accounts, online payments, business insights and flexible lines of credit up to $250,000. Kabbage uses real-time data and automation…
The financial world is too complex for constant self-analysis. Centralised investment firms and the banking system are too uncertain which exposes their users to many risks Using blockchain and artificial intelligence, Intelfin multi-platform implements an automated, responsive system.…
Coinbase Wallet is presented as an easy and secure crypto wallet with support for over 500 tokens, secure storage (biometric authentication, cloud backup, etc.) and available without a Coinbase account.
Finicity Connect, now from Mastercard, is a fintech software that aims to make the consumer permissioning process simpler and faster. Finicity Connect links to the vast majority of financial institutions, providing an open banking APIs designed to put consumers in control of their…
Lumanu builds technology that makes doing business in the creator economy easy, collaborative and fun.
Flywire headquartered in Boston offers their secure global payment platform to keep money moving around the world. Flywire offers a custom payment solution and collections network, and is designed to streamline payments process from start to finish.
Venmo for Business supports touch-free transactions and provides customers a secure and simple way of paying. Businesses can accept payments virtually through the app, and in-person with a unique business QR code. Business's can turn the QR code into an eye-catching point-of-sale…
Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers…
Nordigen is an open banking platform with a suite of products that helps companies in building financial applications which can interact with bank accounts and automatically gain insights to add value to the data. With just one API call users can identify basic identity information…
What is FinTech Software?
FinTech is a broad umbrella category of software products and services that employ technology in innovative ways to improve or compete with traditional financial services. This software offers attractive rates and fees, ease of use, convenient access, and better service. Leveraging the internet, mobile devices, and cloud services FinTech software has produced a revolution in the way businesses and people make payments, borrow, invest, and save money without the need for a traditional bank. FinTech software uses machine learning, AI (Artificial Intelligence), BI (Business Intelligence), and biometrics to help power its features and capabilities.
FinTech software is used for:
- Mobile Payment Platforms (smartphone payment apps, contactless payment)
- Personal Finance (mobile banking, budgeting, saving, investing, and borrowing)
- Stock Trading and Advising (Robo advising and trading)
- Blockchain and Cryptocurrency (payments, wallets, smart contracts, asset tokenization)
- Crowd Funding (fund-raising small amounts from many contributors)
- Insurance (InsurTech - personalized insurance products for car, home, health)
- Regulatory, Compliance, and Risk (RegTech - managing risk, fraud, compliance, and regulations).
- Consumer Price Comparison
FinTech software is used by B2B, B2C, and individuals.
FinTech Software Features
The features offered by FinTech software products vary greatly depending on the type of services they provide. FinTech software products will share many of these features.
- 24-hour online availability
- Mobile access
- User-friendly apps
- Fully digital experience with no human intervention needed
- Virtual assistants and chatbot support
- Alerts and notifications through apps, text, or email
- Transaction history
- Analytics and Reporting
- Machine Learning
- Artificial Intelligence (AI)
- Business Intelligence (BI)
- Software-as-a-Service (SaaS)
FinTech Software Comparison
Consider the following when purchasing FinTech software.
Use Case: FinTech software includes a wide variety of products and services, with many vendor offerings for each type of software. Products are scaled for businesses, industries, and individuals. Evaluating the products within the targeted service category will enable you to find one that includes the features, convenience, and price points you need.
Due Diligence: Depending upon the FinTech product, it is important to evaluate the security, privacy, performance, risk management, and compliance record of the FinTech company. For example, a community bank that is considering a FinTech partner would review Federal Reserve and FDIC recommendations for the partnership. Ascertain whether there are any regulatory issues related to the service and how you might be impacted by them. Certain crowdfunding efforts are now subject to regulation depending on how they are structured.
FinTech software products can range from no cost to tens of thousands of dollars. Each type of service will have its own range of pricing. Pricing for enterprise-level products is more costly than for products that are satisfactory and sufficient for small businesses and individuals. Often these prices can be obtained from vendor websites, however, some products require obtaining a quote from the vendor. Free trials are available.
The following FinTech Software offer award-winning customer relationships, feature sets, and value for price. Learn more about our Summer Best Of Awards methodology here.