Fintech & Financial Software Development Company in Norway

FAQs

• Q: How does Dev House Norway ensure GDPR and Finanstilsynet compliance for financial software?

  Answer: GDPR and Finanstilsynet compliance is a key focus of our systems architecture. We protect sensitive financial information by enforcing robust data encryption at rest (using AES-256) and in transit (via TLS 1.3) with keys managed through Azure Key Vault or AWS KMS. We establish granular role-based access controls, configure multi-factor authentication (MFA) via Microsoft Entra ID, and implement detailed audit logs within Microsoft Dataverse or secure cloud databases. This provides continuous security monitoring and rapid threat isolation to satisfy Finanstilsynet and Datatilsynet.

• Q: What is the typical timeline for developing a secure custom FinTech application?

  Answer: Development timelines vary based on scope and complexity. A focused, secure web portal or customer dashboard may take 6 to 10 weeks, whereas a full-scale core banking platform or multi-party transactional exchange involving real-time processing and deep integrations can take 3 to 6 months. We construct detailed technical roadmaps and resource estimates during our discovery phase, ensuring complete project transparency before coding starts.

• Q: Can you integrate custom FinTech applications with legacy core banking databases?

  Answer: Yes. We specialise in building secure APIs and high-throughput middleware that connect modern web/mobile interfaces with legacy core banking platforms, ERP systems, and third-party accounting applications. We have extensive experience working with SWIFT protocols, ISO 20022 payment messaging, PSD2 APIs, and the financial data interchange formats used across the Norwegian and European banking sectors.

• Q: How do your mobile financial applications comply with security-first UX guidelines?

  Answer: We implement a multi-layered security model at the device level. This includes integrating native biometric authentication (FaceID and TouchID/Fingerprint), configuring on-device hardware Secure Enclave storage via Keychain Services, and executing encrypted local databases like SQLCipher. We ensure that no sensitive transaction or account credentials are cached in plain text, delivering a highly secure experience that satisfies both user expectations and security auditors.

• Q: How does PSD2 open banking work in Norway?

  Answer: Open banking in Norway is governed by the EU’s second Payment Services Directive (PSD2), incorporated into Norwegian law through the EEA Agreement and supervised by Finanstilsynet. PSD2 allows customers to securely share account information with, and initiate payments through, licensed third-party providers, subject to explicit consent and strong customer authentication (commonly via BankID). Our engineers design, build, and integrate PSD2-compliant account information and payment initiation APIs, enabling your financial platform to securely interact with Norwegian and European banks.