As soon as we navigate towards the bright digital era, we seem to be more and more getting acquainted with computing devices and their programming. For those who still don’t get it, think of programming as cooking your favorite recipe with a list of all the necessary requirements and ingredients. However, programming is way more tricky than cooking but we are fortunate enough to have a plethora of tools, technologies, frameworks and programming languages at our assistance. 

Now among all the industries, the financial industry always seems to have remained receptive to advanced technologies and innovations and it keeps on growing every now and then. The following post mainly focuses on the best and the most top-rated programming languages to take into account for developing successful fintech applications.  But before we proceed further, let us go through the concept of fintech.

Fintech And its Increasing Significance

I recently happen to stumble upon an interesting post that states the fintech industry is growing for a decade. And it’s the core reason why several banking and financial institutions are reshaping every now and then. As a result, the demand for financial software development companies increases across the globe. With the rapid adoption of cutting-edge technologies, several services such as easy money transfer, seamless digital payments, funding platforms, alternative lending, financial software and automation are quite gaining momentum. 

If you check out the global stats then you will know that the current market is valued at US$111 and is supposed to grow to a great extent by 2030. In fact, several experts have already made predictions that the fintech market will rise quite much in the next decade. Though there was a bit of a speed breaker during the COVID pandemic and lockdowns, but this was certainly not the case with the fintech industry. In Fact, during the lockdown, more and more people started trending towards the use of fintech services quitting the traditional approaches or infrastructures. And this is not just limited to traditional banking but it also further focusing on insurance and lending. 

Why is Fintech Growing By Leaps and Bounds?

Well, the combination of finance and technology seems to be pretty deadly but there are a few aspects or should I say a few factors that ensure the seamless growth of this realm in particular. 

1. Technology

Of course, this is the first and foremost aspect that needs to be considered for the immense growth of the fintech industry. With the help of emerging technology, most of the services and banking-related assistance can be conducted virtually. Gone are the times when people used to spare time to visit banks and such institutions. I am pretty sure no one would have ever given a thought to such a tech-savvy world. With the help of different machines and algorithms, several monotonous and tedious procedures can be automated to a great extent. With the incorporation of technology in the financial realm, we have found that, 

  • Increase in Productivity – You see the scope of increase in automation. All the basic operations tend to become quicker and accomplish pretty much in prior. As a result, financial employees now have ample of time to focus on making new strategies, innovation and so forth core competencies.   
  • Easy Accessibility – Another aspect to take into account is easy accessibility. And as a result, the scope of intermediaries such as brokers and bank managers has been reduced to a great extent. Everyone can have direct access to their desired services. 
  • Cost-Effectiveness  – Even by incorporating such disruptive technologies, the organization can save several bucks. In the long run, these technical innovations have the potential to attract large audiences. 

2. Regulations

Another interesting aspect leading to the seamless growth of these financial institutions is regulations. Of course, there is no denying the fact that regulations make things more tricky and challenging. The finance technology has been and will be subject to regulatory obligations. So every new financial product can be met with great agility. Moreover, banks and other financial institutions are found encouraging digital banking every now and then. 

3. Enhanced Customer Experience

You see much like every other industry even financial technology companies are trying hard to exceed the expectations of their end users. There was a time when customers started losing trust on their respective financial institutions but once the fees were lowered, and services became more intimidating, people started trending again. 

A major shift has been found featuring happy customers and amazing convenience. The sector has matured to a great extent and it’s not slowing down its pace at all. 

So enough said about the fintech industry. So I suppose you are planning to develop a fintech-based application and don’t know where to begin from. Well, first and foremost I would advise you to start looking for a reputable fintech software development company featuring the best team of tech-savvy geeks and coders. Apart from this, it is always great to have knowledge regarding the best programming languages which can assist well in conducting fintech development projects. 

Best Programming Languages for Developing Fintech Apps

#1 Python

The term python generally speaks of an insane amount of danger but not in the technology realm. Here Python is one of the leading programming languages that is recommended for coding and development purposes. This one is a general-purpose language which excels in terms of readability and flexibility. Are you wondering why Python is the talk of the town especially when it comes to developing fintech-based applications? 

  • Well, it offers clear and simple syntax to use
  • Great compatibility with banking, data analytics, financial, and technology industries.
  • Scaling projects becomes easier
  • Easy programing language (getting started with Python is way easier)

Python is great in terms of power and functionality. And by incorporating of different technologies such as artificial intelligence, blockchain, and machine learning, the possibilities of creating amazing, robust and highly scalable fintech apps have become endless. It has been observed that on an average developers who are well-versed with Python tend to get a job easily in comparison to those who don’t.  

#2 Java

Another interesting programing language to consider for a fintech application development project is Java. This one is one of the best or top-rated finance coding languages considered. Since its inception in 1995, the cross-industry popularity of Java began. And why not, since the language is user-friendly and object-oriented, why one should not consider Java as their prime programming language? 

Moreover, it is quite possible to deal with lots and lots of data. It’s been more than two decades since Java has been growing immensely in terms of popularity. Not to mention, even after the emergence of new and advanced programming languages, Java tends to be the first choice with time and again. Java offers a wide range of benefits and advantages such as: 

  • Ability to run a wide range of platforms
  • Robust and easy-to-use security APIs
  • Cross-platform Development
  •  Unmatched Robustness and Stability

Most of the fintech-based applications require high-end security and Java turns out to be the most preferred option when it comes to security. So if you are looking for a programming language that is secure, resilient and has the ability to handle a wide range of data then Java is the ultimate option to consider. 

#3 JavaScript

The next programming language that has the potential to blow everyone’s mind off is Javascript. Yes, most commonly used to develop dynamic and interactive web pages, Javascript is a pretty common and popular programming language on this planet. Initially used by software developers and front-end developers, now everyone seems to be going gaga over Javascript for different web apps and mobile applications. 

It has also been found that apps developed using Javascript tend to enhance the user experience by offering a more engaging and interactive look. Not to mention Javascript offers a wide range of benefits such as:

  • Fraud detection
  • High-end security
  • Seamless compatibility, scalability and third-party integrations
  • Enhanced Cross-platform Performance
  • Analyze large amounts of data in no time 

Now Java and Javascript are way different. Java can be more complex in terms of use in comparison to Javascript. Java is an Object-oriented programming language and Javascript is an object-based scripting language. Java is highly preferred for backend purposes whereas Javascript can be considered for both backend and frontend. Java requires more memory and Javascript requires more consumption. So if you are looking for a standalone language then choose Java and if you are looking for a programming language which is incorporated into an HTML program then choose Javascript.  

#4 C#

The next one in line is C#. Do you know C++? C# is one step ahead of C++ and over the years it has succeeded in maintaining its position among the best programming languages across the globe. This one is an object-oriented language mainly used to create dynamic-looking applications that can run seamlessly on the Microsoft .Net ecosystem. The developers who are well-acquainted with C++ and Java won’t have any issues when working with C#. Also, here the programming language is backed by a huge community and library of tools. So in case, if they 

get stuck somewhere, someone with incredible skills and experience will be always there to help.    

#5 React.js

Now this one is a successful Javascript library developed by Facebook. React.js is a successful programming language enabling developers to develop large web applications and make any changes at any point of time without even reloading the page. There was a time when React.js was used for conducting successful front end development projects. And now it is preferred for server-side rendering, dynamic and interactive charts, diagrams to simplify data in the finance realm. 

  • All the tedious or repetitive tasks can be automated saving ample of time and effort.
  • Developing large-scale apps which have the potential of scaling different businesses 
  • Provide a wide range of robust security features   


So that’s all for now! I hope you know what are the best programming languages to consider when conducting a fintech app development project. Do you think the following post was worth the read? If so, feel free to share and help us in spreading the word. Good luck with your development venture.