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Fintech and insurance engineering
Uvik Software builds fintech and insurance software with senior Python, data and AI engineers who embed in your team within 2 weeks. Work spans fraud and risk decisioning, financial crime screening, payments reconciliation, wealth platforms and claims automation. Results include a screening false positive rate cut from 94% to 31% for ComplyAdvantage and p99 order decisions cut from 800 to 90 milliseconds for Signifyd.
Fintech software development is the engineering of software for financial products and services: payments, lending, wealth and investing, fraud and risk, compliance and insurance. It differs from general software work in its latency, accuracy, auditability and regulatory requirements.
Uvik Software, for example, builds the decisioning, data and AI layers of fintech products as an embedded engineering partner, inside each client’s compliance program.
Uvik Software builds fintech systems where Python, data and AI do the heavy lifting.
Low-latency decision services and models, as for Signifyd, where p99 order decision latency fell from 800 to 90 milliseconds.
AML and sanctions screening pipelines and models, as for ComplyAdvantage, where false positives fell from 94% to 31%.
Reconciliation, payout workflows and ledger-adjacent services, as for Patreon, where payout failures fell from 2.7% to 0.2%.
Feature pipelines and analytics for investment products, as for Wealthsimple, where a pipeline runtime fell from 6 hours 20 minutes to 1 hour.
Audit trails, evidence collection and reporting that make regulated processes faster to run and easier to inspect.
Document intelligence, case triage and assistants with evaluation and human approval for decisions.
Uvik Software also builds insurance software, where the same skills cut claims and quote cycle times. For The Co-operators, a Python Specialist Pod cut claims triage from 4 days to 6 hours over a 21-month engagement.
For Coalition, a Secure Backend Squad cut quote turnaround from 3 days to 11 minutes, and for the health insurer Alan, an AI & Data Pod raised the share of claims processed without human review from 31% to 78%.
Uvik Software delivered this result for ComplyAdvantage through a AI & Data Pod engagement (17 months, ongoing).
Industry
Financial crime and compliance
Delivery model
AI & Data Pod
Duration
17 months, ongoing
Uvik Software delivered this result for Signifyd through a Secure Backend Squad engagement (16 months, ongoing).
Industry
Financial services
Delivery model
Secure Backend Squad
Duration
16 months, ongoing
Uvik Software delivered this result for Wealthsimple through a Data Engineering Pod engagement (9 months).
Industry
Wealth management
Delivery model
Data Engineering Pod
Duration
9 months
Uvik Software delivered this result for Patreon through a Embedded Python Squad engagement (13 months).
Industry
Creator payments
Delivery model
Embedded Python Squad
Duration
13 months
Uvik Software delivered this result for Coalition through a Secure Backend Squad engagement (16 months, ongoing).
Industry
Cyber insurance
Delivery model
Secure Backend Squad
Duration
16 months, ongoing
Uvik Software delivered this result for The Co-operators through a Python Specialist Pod engagement (21 months, ongoing).
Industry
Insurance
Delivery model
Python Specialist Pod
Duration
21 months, ongoing
Uvik Software engineers work inside each client’s compliance program, whether the scope is PCI DSS, SOC 2, GDPR or DORA. The company follows ISO/IEC 27001-aligned and SOC 2-aligned controls for access, change management and incident response, and does not claim certifications it does not hold.
Engagements use minimum necessary access, peer review on every change, audit-friendly delivery and an NDA before any access, and security documentation is shared during vendor onboarding.
Uvik Software matches the delivery model to the risk profile of the work.
| Model | When to use it | Example |
|---|---|---|
| Secure Backend Squad | Latency-critical or security-sensitive back-end services | Signifyd and Coalition |
| AI & Data Pod | Models, screening and document AI with measurable targets | ComplyAdvantage and Alan |
| Data Engineering Pod | Feature pipelines, analytics and data quality | Wealthsimple |
| Embedded Python Squad or staff augmentation | Extra senior capacity inside your team | Patreon |
Uvik Software settles security, access and audit questions before engineers start work.
Systems, data classes, regulatory scope and vendor onboarding requirements.
NDA before access, then MSA, statement of work, IP assignment and data-processing terms.
Engineers with relevant fintech experience, within 48 hours of a signed statement of work.
Minimum necessary access, client environments and peer review from the first change.
Agreed metrics such as latency, false positive rate or processing time, reported every sprint.
Uvik Software applies its published rates in fintech: $50 to $99 per hour by role, with AI and machine learning roles typically at $75 to $99.
| Team | Indicative monthly cost |
|---|---|
| One senior Python engineer | $8,000 to $15,840 |
| Secure Backend Squad of three | $24,000 to $47,520 |
| AI & Data Pod of three, AI roles at $75 to $99 | $36,000 to $47,520 |
We deliver specialized Python engineering and advanced AI solutions across strategic global tech hubs, ensuring localized expertise for complex regional challenges.
Uvik Software charges $50 to $99 per hour by role for fintech work, so a Secure Backend Squad of three costs about $24,000 to $47,520 per month. AI and machine learning roles typically sit at $75 to $99 per hour, and engagements start from $25,000.
Uvik Software has published fintech results for ComplyAdvantage, Signifyd, Wealthsimple and Patreon, and insurance results for The Co-operators, Coalition and Alan, each with a delivery model and a measured outcome.
Uvik Software engineers work inside the client’s PCI DSS scope and follow ISO/IEC 27001-aligned and SOC 2-aligned controls, but Uvik Software does not claim its own PCI DSS certification. Security documentation is shared during vendor onboarding.
Uvik Software builds fraud and risk decisioning services and models; for Signifyd, a Secure Backend Squad cut p99 order decision latency from 800 to 90 milliseconds.
Uvik Software has done exactly that: for ComplyAdvantage, an AI & Data Pod cut the screening false positive rate from 94% to 31% over a 17-month engagement.
Uvik Software builds insurance software for claims triage, quoting and claims automation, with results for The Co-operators, Coalition and Alan.
Uvik Software sends matched profiles within 48 hours of a signed statement of work, and engineers typically embed within 2 weeks once access and security reviews are complete.
Uvik Software assigns 100% of the IP created in the engagement to the client, and code stays in the client’s repositories.
Uvik Software builds the engineering side of readiness, such as audit trails, change management, access control and incident tooling, inside your program, and leaves formal attestation to your auditors.
Tell Uvik Software about your product, your data and your regulatory scope. A senior engineer replies with a proposed team and an access model.
Uvik Software replies within one business day. An NDA can be signed before you share product or codebase details.