Unlike the technology firms, banks and financial institutions are very conservative about deciding the programming language to develop applications. There are also many instances when banks have to compensate customers to minor defects in their applications. But a number of reports have highlighted that Java is being used widely as a high performance programming language for building a wide variety of mission critical financial applications. There are also several reasons why Java is considered by many organizations for creating banking applications.
Why Java is used widely for Developing Banking Applications?
Facilitates Frequent Modifications and Updates
In comparison to other applications, banking apps are updated more frequently. The application must convey the updated and latest policy of the bank to customers. Likewise, it also needs to be updated according to recent guidelines of the central bank. As an object-oriented programming language, Java enables programmers to create modular programs, and reuse the code. So it becomes easier for programmers to incorporate changes in the banking application without requiring any extra time. Further, they can easily include new features in the app to deliver richer user experience.
Effectuate Cyber Security
The developers of Java consider security as an integral part of its design. They have developed Java programming language, compiler, interpreter and runtime environment with security in mind. So in comparison to other programming languages, Java is more effective in keeping the banking application secure. It further helps the bank in protecting the app from a wide range of cyber security attacks. As no bank can afford to compromise the security of its applications, Java is used widely for development of large and complex financial applications.
Allows Banks to Implement Security Best Practices
To effectively combat the latest tricks used by fraudsters and cyber criminals, the banks have to continuously implement several security best practices. For instance, most banks, nowadays, verify the source of other programs and APIs by using code signing certificates. However, the programmers still need to write the banking app in a programming language that allows creation of strong security barrier. As Java comes with robust functionalities and networking capabilities, it becomes easier for the banks to protect their clients from latest cyber crimes.
Enhances the Application’s Accessibility
Like other applications, a banking app also needs to be accessible across multiple devices and platforms. For instance, the bank needs to ensure that its application can be accessed by users on both computers, smartphones, tablets and phablets. So programmers prefer writing financial applications in a programming language that is platform-independent. Along with facilitating distributed computing, Java is also platform-independent at both source and binary levels. The features make it easier for developers to run the same program on different systems without writing any extra code.
Make the Application Perform Several Tasks Simultaneously
Unlike other programming languages, Java comes with multithreaded capabilities. So it allows programs to perform several tasks at a time without calling any operating system specific procedures. The multithreading capabilities make the high level programming language effective for creating enterprise applications that are required to perform multiple tasks simultaneously. Normally, the mission critical financial apps are required to efficiently perform several tasks at a time. So the banking applications written in Java deliver richer user experience by quickly performing different tasks.
Deutsche Bank AG London has collaborated with security vendor Waratek for creating an effective self-defense tool that helps enterprises in overcoming the problem related to several applications written in different versions of Java. The tool makes it easier for banks to optimize the security of their internal applications by overcoming the large degree of variance in Java deployment in their infrastructure. So the banks can work with security vendors to create new applications that help their applications in delivering richer and secure user experience.
You can hire programmers from top java programming solutions companies in India who can help you build products within allocated budgets and time schedules.
We provide java web development services. If you would like to hire java software developer from our team, please get in touch with us at Mindfire Solutions.
Why Java is used widely for Developing Banking Applications?
Facilitates Frequent Modifications and Updates
Effectuate Cyber Security
The developers of Java consider security as an integral part of its design. They have developed Java programming language, compiler, interpreter and runtime environment with security in mind. So in comparison to other programming languages, Java is more effective in keeping the banking application secure. It further helps the bank in protecting the app from a wide range of cyber security attacks. As no bank can afford to compromise the security of its applications, Java is used widely for development of large and complex financial applications.
Allows Banks to Implement Security Best Practices
To effectively combat the latest tricks used by fraudsters and cyber criminals, the banks have to continuously implement several security best practices. For instance, most banks, nowadays, verify the source of other programs and APIs by using code signing certificates. However, the programmers still need to write the banking app in a programming language that allows creation of strong security barrier. As Java comes with robust functionalities and networking capabilities, it becomes easier for the banks to protect their clients from latest cyber crimes.
Enhances the Application’s Accessibility
Like other applications, a banking app also needs to be accessible across multiple devices and platforms. For instance, the bank needs to ensure that its application can be accessed by users on both computers, smartphones, tablets and phablets. So programmers prefer writing financial applications in a programming language that is platform-independent. Along with facilitating distributed computing, Java is also platform-independent at both source and binary levels. The features make it easier for developers to run the same program on different systems without writing any extra code.
Make the Application Perform Several Tasks Simultaneously
Unlike other programming languages, Java comes with multithreaded capabilities. So it allows programs to perform several tasks at a time without calling any operating system specific procedures. The multithreading capabilities make the high level programming language effective for creating enterprise applications that are required to perform multiple tasks simultaneously. Normally, the mission critical financial apps are required to efficiently perform several tasks at a time. So the banking applications written in Java deliver richer user experience by quickly performing different tasks.
Deutsche Bank AG London has collaborated with security vendor Waratek for creating an effective self-defense tool that helps enterprises in overcoming the problem related to several applications written in different versions of Java. The tool makes it easier for banks to optimize the security of their internal applications by overcoming the large degree of variance in Java deployment in their infrastructure. So the banks can work with security vendors to create new applications that help their applications in delivering richer and secure user experience.
You can hire programmers from top java programming solutions companies in India who can help you build products within allocated budgets and time schedules.
We provide java web development services. If you would like to hire java software developer from our team, please get in touch with us at Mindfire Solutions.
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