The Hidden Costs of Banking Software Development in 2025

The Hidden Costs of Banking Software Development in 2025

Blog Article

Beyond initial development, banks must budget for ongoing costs including regulatory updates, third-party API fees, and cloud service subscriptions. Maintenance typically adds 15-20% annually to original development costs. Unexpected expenses often arise from legacy system integration challenges and compliance requirement changes. Proper planning and contingency budgeting are essential for financial institutions.