FinTech Software
Development

Fintech describes any business that offers financial services through software and encompasses anything from mobile payment applications to cryptocurrencies.

The main programming languages in Fintech software development are Java, Python, and .Net. In blockchain projects, the most used languages are: Go, Python, Java, Ruby (Ruby on Rails), Scala, C ++ and C# (.NET). For the development of smart contracts developers prefer to use the Solidity language (for the Ethereum platform).

The future of fintech lies in the implementation of agile technologies and strengthening data security policies. In the digital era, meeting the demands of technology-savvy customers and keeping up with technological progress to remain competitive is crucial.

The future of fintech is closely linked to blockchain technology because of transparency and trust it guarantees, which allows for decreasing the time needed for transactions. What’s more, blockchain allows banks and fintech companies to work more collaboratively in sharing resources, and thus makes it easier to keep up in the rapidly changing world.

More personalized service. Fintech startups provide all their services through their apps, so they don’t have to establish physical branches, which means they can offer a lower interest rate than their competitors to customers.

Lower price.Not only do FinTech companies enjoy lower operating costs, but they can react faster to the individual needs of consumers as they have greater access to information about them.

Higher speed. Thanks to less information required from an applicant, many lenders have can deliver a faster decision process while still adhering to lending guidelines. Moreover, Artificial Intelligence is expected to power the majority of customer interactions over the next decade, with many preferring machine interactions over human interactions.

Accessibility. Fintech's rapid development is also helping to bring new opportunities to increase transparency, cut costs, and make information more accessible.

Security. The next step in securing digital-only transactions in the future is using your fingerprint to authorize payments and transactions. This approach is even more secure than using PINs.