Best Programming Languages for Finance & FinTech Industries

“Programming” is the desired skill in today’s world because we are experiencing a digital makeover around the world. Technology is growing fast and also it tries to cover the whole world under the influence. But it is also mandatory to keep in mind that just because there is a huge demand for coding and programming, it is not so easy to get started! If you are a newcomer to the world of programming, then the toughest part for you is to know from where to begin the journey. As there are different and huge types of programming languages available, programmers need to prepare themselves with the latest updates in the programming language world to stay relevant. It is also important to know which language will have a positive impact on one’s career as well as suitable for the project. Programming languages like C, Java, PHP, etc. have remained forerunners but several competitors are growing fast as well.

Financial Technology, conjointly referred to as FinTech that develops advanced techniques to reinforce and improve the finance department. This technology is growing fast as it helps companies, business owners and clients to organize their financial activities. To know FinTech operations, you will need a programming language. A language that you can learn either on your own or with the help of course studying. If someone wants to get involved in financial technology, then the programmer should consider learning the following languages.

Python programming language is intuitive, easy to read and learn. It was designed by a Dutch programmer and it is one of the most popular programming languages in the world. If I am not wrong, every skilled programmer should try to be familiar with it. The syntax makes the language popular for both beginners and advanced programmers. Python has hugely outraced the opposite programming languages. It has two main advantages: Simplicity and flexibility. Many global companies like YouTube, Netflix, Spotify, etc. use python. You will surprise to know that one of the important tech company Google uses Python for its various applications and features a full devoted portal to Python.

According to the survey, JavaScript has been the most popular language among developers for eight years constantly. It becomes one among the prominent programming languages within the world. JavaScript permits developers to develop interactive pages and may work as both a procedural and object-oriented language. JavaScript has been used to develop apps for mobile devices which are simple and fast. Browsers like Safari, Firefox and Internet Explorer are built with JavaScript. Some elements of JavaScript are incorporate in almost every website development for user experience. It is used most frequently by front-end developers. JavaScript works on versatile syntax across all major browsers and thus it’s one amongst the friendliest languages for beginner users.

Scala language was invented to solve the issues that arise with the Java language. After the invention of Scala, developers found the problem-solving feature of it and thus it became very popular worldwide. Scala is also known as scalable language and it is an object-oriented language that provides programming for a static system. Corporate companies like LinkedIn, Intel and Twitter use Scala. It also allows developers to create a front-end app and even a heavy data tool. Coding with Scala is way simpler and more expressive; unlike Java, Scala isn’t verbose because the codes are short and sweet. Scala is also known to have much better support for functional programming. And it is an emerging programming language because it allows using functional programming techniques to stabilize applications. For a FinTech expert developer, you must have to learn Scala first.

Developers might skip this language because of its complexity. But those who are willing to learn can get a forever reward. Just like Python, R language provides a large set of libraries and frameworks which makes it very useful for developing machine learning algorithms. Besides this, it also includes strong graphic capabilities, cross-platform compatibility and high extensibility. If someone is interested in doing data analysis and visualization, R might be the right language for them. R programming language is unique because of its interactive world rather than being a compile and run language. It is not as easy to learn or understand as other languages but yet it is the best when used for data visualization and statistical computing. Therefore, data science, machine learning and statistical analysis make the language top of the list.

This programming language was developed by Apple in 2014 for iOS, macOS, tvOS and Linux. Also, apple made the language open source in 2015 under the Apache license and facilitate the language to gain popularity. Since it became open-source it is considered to be extremely user-friendly. It was mainly created to replace objective C which was earlier used for iOS app development. It is the only language that supports playgrounds, a feature that allows programmers to experiment with the code and can see the results promptly without the overhead of building and running an app.

There is no doubt that Java is one of the oldest languages out there, but the finance industry needs Java extensively for its different operations. Java is especially flavored by large organizations due to its strong memory allocation, scalability and high performance. It is more preferable to banking sectors as they use Java for their electronics platforms for trading, banking portals, management of wealth and other different tasks. When someone uses Java, they have a simple yet powerful security weapon to spot unknown codes and spyware. Java is the language for people who have an interest in the development of Android applications.

The above-described languages are best for applying in FinTech. Although programming languages are the reason behind the innovations in the IT industry, therefore it is important to learn innovative and creative but eco-friendly solutions for global problems. We at Instance IT Solutions, have the best and most professional developers who are highly skilled in various programming languages. We believe and convert your ideas into reality. We have an IT expert team that crafts user needs and provides inventive solutions. If you are an enthusiast to learn innovative yet creative ideas crafting then come and join our team.