When you’re trying to scale your brokerage, you might end up hitting the same wall as tens of other businesses in this industry. It goes like this:
- You grow to a point where your current technology can’t keep up.
- Naturally, as markets evolve and your clients expect more, your internal tools start slowing you down.
- You can’t provide what your clients need, and your growth feels stunted.
With so many brokerages experiencing this exact cycle of events, it’s no surprise that a good number of these now partner with fintech providers. A good fintech company can help you speed up your product development and expand into new regions, without having to build all your tools from scratch.
Why Are Brokers Rethinking Their Tech Stack?
Your existing systems might still work, but if they’re outdated, they’re going to limit your ability to move quickly. If things get complicated when you want to do simple things like add a new trading feature or tweak your pricing model, it’s a sign that you need a new solution.
Working with a fintech company can help you access purpose-built tools (which can even be customized for your company) designed to solve those problems. You can say goodbye to managing a patchwork of outdated software and hello to modern systems that actually help you move forward, so you can leave your competitors in the dust.
Launch New Products With Fewer Delays
When you’re trying to stay relevant, speed is obviously a big deal. A fintech company can design solutions on your behalf that let you roll out new offerings without unnecessarily long development cycles or confusing internal handovers. You can work with a tech partner that already understands your business model and regulatory needs, so you’re not having to start from zero every time.
Some companies, like Devexperts, work directly with brokerages and exchanges to build custom trading platforms. That’s a huge benefit: it means you can get software that’s tailored to your exact requirements instead of trying to fit your operations around someone else’s roadmap.
Get Better Results With Less Internal Pressure
Hiring a bigger in-house team might sound like the solution to your tech problems, but it’s not always guaranteed to solve them. You’ll know better than anyone that finding skilled developers who understand capital markets is hard—not to mention expensive.
And that’s another benefit of fintech partnerships: they give you access to specialist teams without the overhead of building one yourself. Plus, you’ll gain more flexibility, with the ability to ramp up faster during a growth phase or scale back when you’re focusing on stability (a win for your budget and your clients).
Should You Work With A Fintech Company? Final Thoughts
If your current tech is holding you back, it’s absolutely worth asking yourself if partnering with a fintech company could fill the gap.
You don’t have to give up control or rebuild everything from scratch. You just need the right tools—and a partner who can help you use them well.
