Application Modernization for Financial Services
Eliminate technical debt and migrate rigid legacy systems to agile, compliant cloud infrastructure without disrupting critical banking operations.
Challenges in Financial Software Modernization
Financial institutions operate in a high-pressure environment defined by strict regulatory oversight and aggressive competition from agile fintech startups. Many established banks and insurance firms rely on monolithic architectures that inhibit innovation. Maintaining these systems consumes budget that should fund new features.
The primary hurdle is risk. Updating core banking systems or trading platforms involves handling sensitive data where downtime is unacceptable. Leaders require a strategy that balances speed with absolute data integrity and regulatory adherence.
Our Application Modernization Approach for Finance
Unosquare mitigates the risks associated with legacy modernization in finance through a systematic, incremental approach. We utilize the Strangler Fig pattern to gradually replace specific functionalities with microservices, allowing your business to continue operating without interruption.
Our engineering teams focus on re-platforming and refactoring codebases to leverage cloud-native benefits. By integrating automated CI/CD pipelines and containerization (Kubernetes/Docker), we reduce deployment times from weeks to hours. Explore our full range of digital engineering services to see how we support the entire software lifecycle.
What We Deliver
Cloud Migration Strategy
Moving on-premise infrastructure to AWS, Azure, or Google Cloud with a focus on cost-optimization and scalability.
Microservices Architecture
Decoupling monolithic applications into independent services to improve maintainability and deployment speed.
API Management & Open Banking
Developing secure APIs that facilitate third-party integrations and meet Open Banking standards.
Mainframe Offloading
Re-architecting COBOL or legacy dependencies into modern languages like Java, .NET, or Python.
Banking App Modernization
Refining UX/UI and backend performance for mobile and web applications to meet modern consumer expectations.
Financial Services Compliance & Security Standards
Security is the foundation of our development process. For financial clients, compliance is not an afterthought; it is integrated into every sprint.
- PCI-DSS: Ensuring secure handling of credit card information through encryption and strict access controls.
- SOC2 Type II: Verified controls regarding security, availability, processing integrity, confidentiality, and privacy.
- GLBA (Gramm-Leach-Bliley Act): Implementing safeguards to protect customer financial information.
- FINRA/SEC: Building audit trails and data retention capabilities required for trading and brokerage platforms.
Flexible Partnership Models
Capacity (Staff Augmentation)
Rapidly scale your internal IT department with vetted engineers who understand financial compliance and security protocols.
Distributed Teams
Dedicated squads managed by Unosquare that integrate with your workflow to own specific financial software modernization workstreams.
Outcome-Based Projects
End-to-end delivery where we take full responsibility for modernizing specific legacy applications with defined deliverables and timelines.
Why Financial Leaders Choose Unosquare
- Nearshore Alignment: Our teams in Mexico, Colombia, and Bolivia work in US time zones, enabling real-time collaboration on complex financial logic.
- Client Retention: Our 98% retention rate proves we deliver consistent value in high-stakes environments. Learn more about our history and stability.
- Domain Expertise: We do not just write code; our engineers understand the context of banking transactions, ledger integrity, and fraud detection.
- Talent Density: With over 1,000 professionals, we quickly deploy senior engineers capable of handling complex legacy code.
Frequently Asked Questions
How do you ensure data security during migration?
We use encrypted tunnels for data transfer and implement strict IAM (Identity and Access Management) policies. We also utilize data masking and tokenization when working with non-production environments to protect PII.
Can you work with our existing compliance team?
Yes. We integrate directly with your internal risk and compliance officers to ensure all code and architecture decisions meet your specific organizational standards and external regulatory requirements.
Do you have experience with specific banking cores?
Our engineers have worked with various core banking systems and middleware. We specialize in building the integration layers that allow modern digital channels to communicate with legacy back-ends effectively.
How long does a typical modernization project take?
Timelines vary based on complexity. However, by using an iterative approach, we aim to deliver initial value (MVP) within 3-6 months, rather than waiting years for a “big bang” release.
Ready to Transform Your Financial Operations?
Let’s discuss how we can help with your application modernization needs while maintaining the highest security standards.