Top Reasons Why Java is Ideal for Fintech Apps

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Over the past decade or so, Fintech has come into its own. It has now gone from being a mere extension of technology to being a full-fledged phenomenon, not only supporting existing institutions’ growth but also spurring on new startups and organizations as they seek to deliver novel experiences and enhanced levels of convenience to customers. But this growth in popularity of Fintech has given rise to a compelling question: Which programming language is language its best suited for the development of such apps?

Photo by Austin Distel on Unsplash

Well, some would rightly say that there are plenty of options to choose from in the market. However, one is not like the others, namely, Java. Thanks to its agility and myriad high-value features, Java has become a favorite for the development of apps in the finance industry. And rightly so, after all, it offers pretty much everything companies in this field need to develop robust apps that customers can rely on to assist with their relevant requirements. Be it security, integration with avant-garde technologies, or novel features, Java has everything one needs and expects from a programming language to help put together Fintech apps. Nonetheless, let’s take an in-depth look at some of the top reasons that make Java the ideal choice for the development of such solutions.

  1. Platform independence: Apps written in Java can be operated on a variety of OS platforms, including iOS, Android, Windows, Linux, and others. This ability to not be restricted to just one platform makes it a highly appealing option to both big as well as small businesses that want to offer an app that can be accessed on multiple platforms. Java gives companies an extensive audience base without necessitating expensive investments.
  2. Top-notch security: Fintech is the coming together of financial data, which is inherently sensitive in nature, with the digital realm — something that automatically warrants ace security. And thanks to Java’s numerous features, such as Java Virtual Machine, byte code, type safety, garbage collection, and more, one can trust that Java-based Fintech apps are as secure as they can be.
  3. Reliability: Financial institutions don’t trust Java only because it has been around for a long time. That would be foolish, to be honest. Other reasons they put their faith in this language its because it is highly organized, comes loaded with a world of A-grade provisions for security and is also terrific for processing data among several other things. And that’s not all — since Java is a veteran language, it means that it has been amply tested for a variety of issues and problems over the years, thus making it highly reliable in the eyes of developers and companies that choose to build apps with it.

Fintech is easily one of the most quickly growing sectors in the world right now, and from the looks of it, this popularity is not going to wane any time soon. So, suffice it to say that if you are thinking of making a Fintech app for your customers, custom Java development is the way to do it.

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