The future of financial app development: is it AI?

The challenging environment of today’s financial markets

Technology has always driven progress in financial markets. Banks and asset managers were early adopters of networks, protocols, and automation – long before the Internet became mainstream. Ultra-high-frequency data processing, trade automation, and analytics remain unmatched across industries.

Yet many financial institutions still operate on fragmented legacy systems that struggle to meet the performance, flexibility, and scalability demands of today’s markets. Manual, off-platform processes, such as data entry, trade workflows, and reporting, introduce inefficiency and risk throughout pre- and post-trade operations.

These challenges make it harder to compete and to meet rising compliance expectations. Building technology in-house can be prohibitively expensive and slow, while off-the-shelf vendor solutions rarely address a firm’s specific needs.

This has led many to ask: can AI solve the “buy vs. build” dilemma or even replace traditional coding altogether?

AI’s Role in Financial Software Development

The answer is a qualified yes, but not entirely. Artificial intelligence offers enormous potential across the financial technology stack, from analytics to application development. Generative AI, large language models (LLMs), and machine learning already play a meaningful role in accelerating workflows and decision-making.

However, few institutions will hand full coding control to AI anytime soon. Without a proven framework, purely AI-generated code could amplify the very issues financial firms are trying to eliminate code sprawl, inconsistency, and compliance risk.

Auditing and validating AI-produced code to meet strict regulatory and security standards is also a major hurdle. For now, AI is best viewed as an enabler, not a replacement – a way to help developers work faster, not to replace them.

The key is to integrate AI within structured, auditable frameworks, ensuring that automation enhances, rather than compromises, control.

The Genesis approach: AI with governance

The Genesis Application Platform is purpose-built for financial markets – combining low-code speed, financial-grade components, and AI-driven productivity. It allows developers to innovate confidently within a predictable, secure, and compliant environment.

This platform strengthens every stage of software creation, from design and testing to deployment and maintenance, without forcing firms to replace existing systems.

The Genesis framework is powered by three key pillars:

1. Low-code acceleration: simplifying and speeding up development.
2. Prebuilt business components: designed specifically for financial applications.
3. Strategic AI augmentation: enhancing professional coding without removing control.

Together, these create a unique, symbiotic environment that blends flexibility with governance.

Low Code, High Performance

At the heart of Genesis is a low-code language built for financial markets. It gives developers of all experience levels the ability to create and modify applications quickly, with full transparency and traceability.

Unlike traditional low-code tools, Genesis offers a hybrid model: developers can use its accelerative features within professional coding environments. This means teams benefit from both rapid development and the freedom to write proprietary logic within their preferred IDEs.

The platform’s extensive component library further reduces build time, offering pre-tested modules that meet industry standards for speed, auditability, and reliability.

When AI Meets the Genesis Platform

AI further enhances the Genesis ecosystem by automating coding tasks and improving developer productivity — without compromising structure or security. Within Genesis, AI operates inside a governed, validated framework, ensuring all outputs remain compliant and auditable.

AI also expands what development teams can achieve. It enables less-experienced developers to deliver advanced, production-ready applications that would otherwise require specialist skills — democratizing innovation across financial institutions.

Domain tailored AI coding tools   

AskGenny  

AskGenny is the Genesis Application Platform’s AI technical chatbot, trained on Genesis documentation. It allows developers to query technical specifications in natural language and receive instant, accurate guidance.

For instance, if a developer needs to create a consolidator that aggregates trade data into an order table, AskGenny can instantly generate the appropriate Genesis commands. This gives every developer immediate access to expert knowledge and drastically reduces time spent searching through documentation.

Genesis Copilot  

The Genesis Copilot acts as an AI pair programmer, assisting developers in real time. It interprets intent from code comments (or even without them), offering contextual suggestions, corrections, and optimizations.

Fine-tuned with a leading LLM and deployed securely within Genesis or client infrastructure, the Copilot enhances productivity while adhering to strict data privacy and compliance requirements. Its recommendations are grounded in proven Genesis code patterns from successful deployments.

AI services layer

Beyond development support, Genesis integrates AI-enhanced business components directly into its service layer. These components add advanced functionality without requiring firms to build or train AI models themselves.

A prime example is the Genesis Primary Bond Issuance (PBI) solution for asset managers. PBI includes an AI-powered data service that scans emails and chats for deal-related information, interprets unstructured content, and integrates it with deal management data. This automation enables asset managers to request allocations faster, replacing hours of manual screening and reconciliation.

By prepackaging AI capabilities within the platform, Genesis allows firms to leverage advanced functionality without needing deep AI expertise.

AI is not the end of coding  

AI won’t replace developers; it will empower them. In financial services, where security, auditability, and compliance are non-negotiable, professional coders and structured frameworks remain indispensable.

AI acts as the fuel for these frameworks, enhancing their speed, flexibility, and intelligence. For institutions still burdened by manual processes and legacy infrastructure, the future isn’t “AI instead of coding.” It’s AI within proven development ecosystems like Genesis – platforms built to meet the demands of financial markets today and tomorrow.

Building the Future with Genesis

The Genesis Application Platform enables financial firms to develop faster, safer, and smarter. By combining AI innovation with auditable low-code technology, Genesis delivers the best of both worlds: agility and governance.

Ready to explore how AI can enhance your development lifecycle?
Book a 30-minute consultation with our experts to discover how Genesis can help your firm modernize with speed, security, and control.