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FAQs

What are the most important features of a payment solution?
The most important features of a payment solution include security, payment processing capabilities, integration with other software, reporting and analytics tools, customization options, and reliable customer support. These features are crucial for businesses to protect payment information, process transactions efficiently, analyze payment data, and provide a positive payment experience for their customers.
Can I integrate a payment solution with other software of my business?
Yes, it is usually possible to integrate a payment solution with other software used in your business. Many payment solutions offer Application Programming Interfaces (APIs) and Software Development Kits (SDKs) that enable developers to integrate payment functionality into custom applications or existing software systems.
What are the benefits of AI in payment solutions?
AI in payment solutions offers benefits such as fraud detection and prevention, personalization, automation of payment processes, risk management, and cost savings. AI can analyze data to detect fraud, personalize payment options, automate processes, mitigate risk, and reduce administrative costs.
How does a payment solution work?
A payment solution typically works by securely capturing and transmitting customer payment information through a variety of channels, such as mobile devices, online portals, or POS terminals. The payment solution then verifies the payment information, encrypts the data to prevent fraud or theft, and transmits it to the appropriate financial institutions for authorization and settlement. Once approved, the payment solution completes the transaction and generates a receipt or confirmation for both the customer and the merchant.
What is a payment solution?
A payment solution is a software-based system that enables individuals and businesses to accept, process, and manage electronic transactions for goods or services. They can include features such as secure payment processing, fraud detection, and reporting tools, and are provided by third-party providers to streamline payment processes and improve cash flow.
How does a financial management solution help with financial reporting?
A financial management solution can help with financial reporting by automating the process of collecting and organizing financial data, generating accurate financial reports, and providing real-time visibility into key financial metrics. This can help businesses make more informed decisions and improve their overall financial health.
How do I choose the right financial management solution for my business?
When choosing a financial management solution, consider your business size, industry, budget, and specific needs. Look for solutions that offer the features you require, provide excellent customer support, and offer pricing plans that fit your budget.
What features should I look for in a financial management solution?
Key features to look for in a financial management solution include accounting and bookkeeping tools, invoicing and payment processing capabilities, budgeting and forecasting tools, financial reporting and analytics, and integration with other software.
What are the benefits of using a financial management solution?
Using a financial management solution can help businesses streamline their financial processes, reduce errors, save time, and make informed decisions based on accurate financial data.
What is a financial management solution?
A financial management solution is a software-based system that helps businesses manage their finances, including accounting, bookkeeping, budgeting, invoicing, and reporting.
What are the key features of a wealth management solution?
Key features of a wealth management solution include portfolio management, financial planning tools, investment analysis, risk assessment, tax management, and reporting and analytics tools.
How data is kept secure in a wealth management solution?
Wealth management solutions typically use encryption and other security measures to protect user data. They also comply with industry regulations and standards to ensure data privacy and security.
Who can benefit from using a wealth management solution?
Anyone who has investments can benefit from using a wealth management solution. It is particularly useful for individuals and businesses with complex investment portfolios or those who want to automate and streamline their investment management process.
How do wealth management solutions work?
Wealth management solutions use algorithms and analytics to help users make informed investment decisions. They typically integrate with financial institutions and other data sources to provide real-time data and insights.
What is a wealth management solution?
A wealth management solution is a software platform that helps individuals and financial advisors manage their wealth and investments. It typically includes features such as portfolio management, financial planning, risk assessment, and investment analysis.
How can technical & soft skills be checked?
We have a comprehensive technical and soft skills assessment process in place to ensure that our resources meet the highest standards of quality and expertise. However, you will also be able to evaluate resource skills during your interviews with them.
How quick can developers join our team?
Our developers can typically join your team within a week or less once they are shortlisted by you.
Do you offer flexibility in choosing the resources based on the requirements?
We offer flexibility in choosing resources based on your specific requirements. Once requirements are shared with us, we will share the suitable candidates profiles to schedule an interview with you.
How do you ensure data security, confidentiality, and intellectual property?
We take data security, confidentiality, and intellectual property very seriously and have strict protocols in place to protect your information. As a part of that we can sign NDA and IP agreements. We have similar agreement in place with our team members.
What is your payment method to avail your staff augmentation services?
You can process the payment via Bank. It is very easy, secure and fast. Banking details shall be provided upon the agreement.
Do I need to provide minimum commitment for the engagement?
We do not require a minimum commitment for engagement.
What are your rates and billing policies? Are there any possible additional costs besides monthly rates?
Our rates vary depending upon the technology, project domain and complexity and engagement duration etc. However our rates and billing policies are competitive and transparent, and we do not charge any additional costs besides monthly rates.
How do you ensure code quality and maintainability?
We have a rigorous code review and testing process in place to ensure code quality and maintainability.
Which coding styles and technologies do you implement?
Our developers implement the latest coding styles and technologies to ensure the highest quality of work.
What communication and project management tools do you use?
We use a variety of communication and project management tools, including Email, Skype or Zoom video conferencing, Slack, Asana, and Jira etc.
What is your team’s availability and response time for urgent issues or requests?
Our resources will always be available during our working hours to handle urgent issues and requests.
How do we get started?
Please reach out to our team with your requirements and we will work with you to develop a custom engagement plan that meets your needs.
What is your approach to communication and collaboration with our current team?
Our approach to communication and collaboration is flexible and tailored to your organization’s specific needs and preferences.
What is your resource backup strategy if my existing resource is unavailable due to an emergency or plans to leave the organization?
In the unlikely event that your assigned resource is unavailable due to an emergency or plans to leave the organization, we have a backup strategy in place to ensure continuity of service. We do provide replacement and we also make sure that existing resources do knowledge transfer before he/she leaves the organization. As per our agreement with our employee, they need to serve 30 days of notice.
Will you assign a dedicated “Project Manager – Scrum Master” as a point of contact?
A dedicated “Project Manager – Scrum Master” will be designated as the primary point of contact for all communication and coordination if multiple resources are employed. The expense of hiring the Project Manager – Scrum Master will be additional.
Is it okay for me to be involved in the development process?
We encourage our clients to be involved in the development process and provide regular feedback. To prevent any miscommunication, we ensure that there is no intermediary between you and the hired resource
What are the available hiring engagement options at Veztraa Solutions?
We offer a range of hiring engagement options, including full-time, part-time, and T&M.
What if I am not satisfied with the developer’s work and would like to discontinue?
We are quite confident about our skill sets so you will not have any concerns with the service. But still in case you are not satisfied with the developer’s work, we will work with you to replace the resource. And if you would still like to discontinue, we will provide a refund for any unused hours/days on a pro rata basis.
Do You have a refund policy?
Yes. We do have a refund policy. At any moment if you feel you are not satisfied with the resource, you shall inform us and we shall offer FREE replacement. We will work with you to replace the resource. And if you would still like to discontinue, we will provide a refund for any unused hours/days on a pro rata basis.
Do You offer a free trial period?
Yes. We do provide a free trial period. However there is some prerequisite to avail free trial. Kindly contact our team and we shall give you more details on this.
Could you share the names of your key customers who have utilized your Staff Augmentation services?
Our clients include Infosys, Biocon, CGI, TVS Next and L&T etc.
What is the experience of developers with technologies and industries?
Our team members has extensive experience working with various technologies like Asp.Net, Java, PHP, Python, ROR, NodeJs, ReactJs, Native & hybrid App development. They also have domain knowledge in the industries like Healthcare, Fintech, Education, Retail & Ecommerce, Transport & Logistics, Real Estate, Sports, Fitness etc. Normally we will provide experienced resources who have experience of 2 to 8 years.
What is a custom Fintech software development?
Every business has a different user base and each user base has distinct requirements. Therefore, the “one size fits all” approach doesn’t work here. Custom software development for Fintech helps us create personalized solutions that suit your business needs. We can tweak the features and UI of any software based on the kind of Fintech solution you want to make.
How much does it cost to build a Fintech app?
We take into account several factors for estimating the final cost of your fintech solution:
  • Complexities in features & functionalities
  • Complexity of third-party platform integrations
  • Size of the project
  • Choice of app platform
It costs you less if you need software with basic features, but if you need advanced software, it will cost you more. Although the cost to develop fintech software could be $30,000-$100,000.
How long does it take building a Fintech app or software?
The time to develop a fintech software depends on the complexities of features & third party integration you want to implement. We ensure that speed of fintech software development is attained without losing the quality and value of the product. An average software development project requires between one and nine months to complete, averaging about 4.5 months.
Which services do you offer in online payment solutions?
We offer the following services in online payment platforms-
  • Embedded Finance BNPL (Buy Now Pay Later): In this, a non-finance business incorporates a Fintech service into its app or website. For example, Amazon.
  • Payment Gateway: A digital payments gateway authorizes and manages payment for online retailers. They offer a smooth and hassle-free payment experience to the customers.
Along with Cross Border Payment Gateway with features like Multi-Lingual, Multi-Currency, Multi-Jurisdictional, multi account opening facilities and more. You can contact our Fintech developers for a more comprehensive discussion on this.
Can you give some information about a Fintech software that you developed?
We have developed multiple custom fintech applications, provided integration & support services to multiple fintechs & enterprises. From financial planning software, investment management software, cross border payment gateways, personal finance products to Digital wallets & more. You may check some of our case studies as follows:
  1. 1. SWIMPAY – Multi-lingual, Multi-Currency, Multi-Jurisdictional, Multi-Account Opening – Cross Border Payment Gateway
  2. 2. Investment & Financial Planning Software for financial advisors – managing accounts, assets & liabilities, risk tolerance of all family members of the client.
What is the difference between a payment wallet and a payment app?
You can use a digital wallet to store your debit cards and credit cards. Apart from that, you can also hold some cash in that wallet for instant payments. A digital app is much more broader in terms of features and functionalities. In fact, a digital wallet is a part of a digital app. With digital wallet app development, you can easily make these kinds of apps.
How do you ensure that your trading software is secure?
Our Fintech software developers implement strong encryption methods, conduct regular security audits, and stay up-to-date with the latest security threats and vulnerabilities. We are committed to offering you solutions that will resonate with your audience with robust security measures that will gain their trust.
What are the key features of an Insurance CRM software?
Some of the key features of Insurance CRM software include lead management, policy management, customer database management, quote generation, sales and commission tracking, and customer communication management. If there are any other features that you wish to include, we can develop a custom financial CRM software for you.
What kind of technologies do you use for fintech software development?
Depending upon the need of your fintech software, we always suggest the best technologies to ensure an efficient, robust & most importantly a secure system. We offer the following technologies for fintech software development:
  • Front End : Angular JS, React JS, Vue JS, etc
  • Back End: ASP.NET, NodeJS, JAVA, PHP, Laravel, ROR, etc
  • AI : Python, TensorFlow, etc
  • Mobile: Android, iOS, Flutter, React Native
  • Cloud Computing: AWS, Azure, etc
  • Project Management Tools : Jira, asana, slack, monday.com , clickup, pivotal, etc
Check out our full range of Tech Stack veztraa.com.
How Machine Learning is Used in Fintech?
There are different niches of fintech where machine learning can prove to be very beneficial. Some of them are asset management, trading applications, insurance, and loans. All of them use huge amounts of data to calculate or predict accurate information to give the best service to their customers.
What types of industries have you served?
From healthcare to retail & eCommerce and real estate to entertainment, travel and beyond, our services span various industries. To know more about our work, take a glance at the Case Studies
How do we get started?
You simply need to fill the inquiry form and we’ll get back to you within 24 hours with the next steps to follow.
Do you provide an NDA Signed Document for my project?
On clients’ request we provide NDA for specific projects. To discuss this, connect with us.
Which coding style and technologies do you implement?
The available technologies have advanced a lot and our developers make sure to stay updated. To know the technologies we work on, refer to our website.
Which browsers are supported by SharePoint?
SharePoint supports the latest versions of all the browsers like Chrome, Firefox, and Safari
What development process do you follow?
We follow a simple yet integrated process to work on each of our projects. We ensure the deliverables remain seamless, and flawless and are completed within the set time frame.
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    As the world’s leading web & mobile app development company, we have been privileged to win 6+ awards for our working process. We’re honored to be a recipient of each of these awards for our hard work & customer loyalty.
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