7 of the Top Low-Code Application Development Platforms for Financial Services

Our editors have compiled a list highlighting some of the best low-code application development platforms for financial services companies to consider implementing into their business processes.

Low-code application development platforms provide developers with visual-based software they can use to improve how they develop and deploy custom applications. These platforms don’t require the user to create applications with line-by-lines of code, streamlining development and saving developers of various experience levels time and energy. However, not every low-code platform is a good fit for a financial servvices business. So, with that in mind, the Solutions Review editors have compiled a list of top-rated low-code application development platforms for small businesses to consider working with.

Our editors selected these software solutions based on each provider’s Authority Score, a meta-analysis of user sentiment through the web’s most trusted business software review sites, and our proprietary five-point inclusion criteria. For clarity’s sake, we are focusing on low-code platforms only, as the differences between low-code and no-code, while not always obvious, are notable enough to warrant differentiation. The list is organized alphabetically.

The Best Low-Code Application Development Platforms for Financial Services Companies

Appian

Description: Appian’s BPM software is a model-driven app development platform that allows experienced and citizen developers to build process-centric and case-centric applications that can monitor and improve business processes in response to changing needs. With its low-code application development platform, financial services companies can provide users with easy-to-use tools for designing enterprise-ready apps, building intuitive user interfaces, and integrating their company’s people, data, and systems into a single workflow to accelerate business results and productivity.

Kissflow

Description: Kissflow is a cloud-based, low-code platform that equips developers, IT leaders, business users, and process owners with dynamic app builder tools, personalized user experiences, a logic-based process builder, work boards, and more. For example, its low-code development platform can help users automate processes, digitize operations, and modernize apps with a suite of capabilities, including instant application deployment, custom user interfaces, drag-and-drop application templates, a rule-based engine model, enterprise-level security, visual modeling tools, and scalability.

Mendix

Description: Mendix, a Siemens business, is an enterprise low-code application development platform designed to help companies accelerate application development lifecycles, support iterative deployment initiatives at scale, and enable continuous collaboration between the teams that build software and those who use it. Financial services companies can use the Mendix platform to develop enterprise-wide ecosystems. Companies can then extend their applications with Mendix’s digital marketplace, which provides out-of-the-box workflows, connectors to commonly used systems, and a collection of components that can be customized to meet specific needs.

Newgen Software

Description: Newgen Software Technologies Ltd. is a global provider of Business Process Management (BPM), Enterprise Content Management (ECM), and Customer Communication Management (CCM) solutions that can be configured to the needs of financial insurance, healthcare, and government institutions. The NewgenONE platform suite includes a low-code application development solution capable of developing enterprise-grade apps with minimal IT dependency, building configurable mobile applications, ensuring information consistency across all channels, and accelerating the DevOps lifecycle.

OutSystems

Description: OutSystems is a low-code platform equipping enterprises across industries with the tools they need to develop, deploy, and manage enterprise-grade applications. The platform combines the power of low-code tools with a suite of development capabilities to help developers build applications that improve the user experience and modernize core systems. OutSystems also offers a low-code development platform tailored for digital financial service delivery. This solution allows users to streamline digital services development, build extensible UIs, create automated compliance solutions, develop origination systems that accommodate multiple loan types, and more.

ServiceNow

Description: ServiceNow is a cloud-based platform and solution provider to help digitize and unify organizations. Its LCAP offering is the App Engine, which provides users with a holistic low-code development experience, process automation, predictive intelligence, performance analytics, mobile app-building tools, process optimization, UI development, virtual agents, fusion team collaboration tools, business processes, workflows, and case management, and other capabilities to help companies bring new applications to market in less time and at a fraction of the cost.

Zoho Creator

Description: Zoho Creator is an online application builder designed to help organizations manage their business processes. Using an intuitive drag-and-drop interface, users can develop custom applications without the hassle of coding. Zoho Creator offers a massive array of tools and a feature-rich development platform. Financial services businesses can use Zoho Creator’s low-code platform to manage their processes, design custom finance apps with multi-level approval systems, automate processes, and manage all accounting processes from a single centralized finance software.