OCTOBER 5, 2022
10 min read
People all around the world rely on the internet from the time they get up until they go to sleep, and these are only a blip on the radar. There is a big innovation surge in the area, and frontend web development technologies are at the leading edge.
In 2022, we anticipate an exponential rise in fintech solutions. Given the significance of social distance and growing safety concerns, current and emerging technologies will add important features to achieve this aim. As a result, your tech partner should be up to date on the newest top fintech technology trends and top frontend technologies in 2022 in order to design an up-to-date solution that meets your company’s objectives.
How to Choose a Tech Stack for your Banking App?
Fintech is everywhere. The benefits of fintech comprise flexibility (the capacity to adjust quickly to shifts in market demand), innovation, and the potential to attract clients who enjoy using technology. Fintech services are used by individuals who value speed, efficiency, and simplicity of usage. The advancement of technology has had a significant impact on the development of many areas of fintech, including non-bank loans, financial accounting, consumer banking, individual investment opportunities, research, financial advisory services, and even the use of crypto.
A whole tech stack may be separated into two parts: frontend (the component of the program that users view and interact with) and backend (a component of the app that users do not see; it is the engine that runs the app and executes its logic). There are always two sides: the customer’s and the server’s.
Depending on the objectives and sector peculiarities, various projects require distinct tech stacks. Let’s look at the primary elements influencing the choice of a technological stack for a banking app.
- Define the project specifications.
Before selecting the best technology stack for your company, you must first analyze the scope, complexity, and company objectives of your fintech project.
- Choose a platform for your project.
A website necessitates a completely different tech stack than a mobile app, and even while choosing the second option, the tech stacks required for Android and iOS are distinct.
- Assess the scalability criteria.
There are 2 ways of organizing the scaling process:
- Horizontal scaling (increasing your app’s capacity to accommodate additional queries).
- Vertical scaling (adding extra resources to your software in order to enhance its capacity without affecting overall performance).
- Determine the security measures of the stack.
The security of your financial application is crucial. You should select a tech stack with a strong reputation and the ability to survive cyberthreats.
- Focus on maintenance.
Your team must be capable of properly maintaining it after the application is launched.
- Analyze the community’s potential.
You need to assess the entire cost of implementing a tech stack against the value of its functionality to the project.
- Consider the competence of the team.
It’s critical to meet your team’s abilities and expertise with the technology you’ve chosen.
Top Frontend Technologies
In this article, we will go over many possibilities for selecting a frontend stack. Nevertheless, Dashdevs team is always ready to assist you on all fronts, so we also want to provide you with the finest solutions and supply you with all the backend information you may need as well. When it comes to the frontend, the programming languages that frontend developers frequently use differ from those used by backend developers.
Each developer understands the value of strong web frameworks, and there are a few framework solutions that are commonly used in frontend development for fintech products. Because its job relies on assisting in the development and launch of a regular web application, selecting the appropriate frontend frameworks helps cover more viewing surface. Bootstrap, Next.js/Remix/Gatsby and React-based frameworks are examples of the latest frontend technologies in 2022 used in frontend development.
Of course, some innovation is banging on the door, such as Gatsby or Svelte, which appear to be popular among developers. Nevertheless, all in all, the favorite ones remain the same, and new solutions aren’t as publicized as they are in the case of backend development. What’s fascinating is that the adoption of specific technologies might vary depending on geography; for example, React is more preferred in the American and Western European sectors, whereas Vue is extensively utilized in China. To know more about all of them, we prepared for you a list of frontend technologies for mobile applications.
Let’s start with the basics. HTML (HyperText Markup Language) is the foundation of frontend development, and this will not change anytime soon. This is one of the most used frontend developer technologies since you may use this technology to produce the “skeleton,” or “markup,” for your website. HTML components enable the creation of buttons, forms, containers, and much more.
The term “hypertext” applies to linkages that are essential to connect online pages, either inside a single website or between websites. You get to be an active contributor on the World Wide Web by posting content on the Web and linking it to pages established by others.
One more “crucial” frontend technology.
- CSS is an abbreviation for Cascading Style Sheets.
- CSS specifies how HTML components should appear on screen.
- CSS saves a significant amount of time. It has the power to manage the style of numerous web pages at the same time.
- CSS files include external stylesheets.
Aside from that, using appropriate CSS rules makes your online application responsive (it looks excellent on all screen sizes and devices) and more engaging with spectacular animations.
ReactJS apps are simple to understand and allow developers to debug their code whenever they want using native tools. Because of the reusable code components, the generated programs have significantly more functionality and are far more straightforward to maintain. Because other mobile development technologies demand sophisticated code, constructing a flexible and ever-changing application becomes more doable when a frontend developer utilizes ReactJS.
As a result, the code becomes more robust and the resultant interfaces much more favored. To put it simply, it is essential for small businesses to establish their web presence for the first time!
This TypeScript-based frontend solution from Google is ideal for larger, corporate applications. Why is this the case? It all comes down to the specific code structure, which adheres to a set of principles and includes built-in modules. Angular is less adaptable than React in this aspect, although it isn’t always a negative thing. It simply refers to a standardized project design that promotes greater order in long-term projects, particularly those with hefty backends such as banking applications.
It’s worth remembering this when deciding on the finest technology for your own project. Because many corporate apps are created with it, Angular is also an excellent solution for software modernisation.
Angular, similar to React, provides many extensions that help developers all over the world with their everyday tasks. RxJS, a library for reactive programming and data stream management, is one of them. It ensures that as the data changes, the application’s view is quickly updated. Another excellent option is the Angular Language Service, which enhances code editing for a wide range of Angular-based apps.
One of the most significant advantages of Vue.js is its modest size. The downloadable zip file is only 18 Kb in size and is quick to download and install for frontend developers with distant web access. Frontend technology has a favorable influence on user experience and SEO.
7. React Native
This frontend technology solution was made public in 2015 and is recognized to outperform the competition in terms of app performance. It blends the greatest elements of native development with React. The program may be used to create applications for Android, iOS, and Windows.
Native development means that a developer concentrates only on creating a mobile application for a certain platform. Many developers use the technology, and new learners desire to learn how to use it since it can design attractive user experiences on both Android and iOS. Aside from that, the codes created by this program are simple to test. With each new feature upgrade, time is reduced.
The capabilities provided with the assistance of such tools demonstrate the significance of various frontend technologies. Despite the fact that the tools are simple to learn and understand, the app development area is rather complex to grasp. However, you should not worry since React Native is the most suitable for cross-platform apps.
Flutter brings together the greatest elements of native and hybrid app development methodologies. As a result, it is seen as an ideal option for fintech firms. The Flutter framework provides a bunch of advantages to the client.
Google’s Flutter is an open-source framework. It’s used to develop cross-platform applications for Android, iOS, Linux, macOS, Windows, Google Fuchsia, and the web from a single codebase. Flutter developers use a single codebase to develop applications that operate on several platforms, including Android, iOS, Windows, and Linux. Rather than developing a unique application for each platform, programmers create a Flutter app once and cross-compile it for many platforms with Flutter.
Although Gatsby.js is officially a static site generator platform for React.js, it does a lot more. Its capability surpasses that of other frameworks in the web development business, prompting us to refer to it as a full-fledged open-source frontend framework. Furthermore, Gatsby’s scalability, efficiency, and security attributes propel it to the most popular frontend application development technologies.
Apart from a few unique features, such as a cloud platform, Gatsby, of course, provides a set of core functions to assist frontend specialists with speedier development and stability while constructing apps. Despite being static, its performance is unrivaled, owing to its choice to optimize several areas of the website, such as delivery and payload.
Factors to Consider when Choosing the Right Frontend Technology for Your Application
If you have doubts or need to consider the technology, take into account the benefits. The advantages of utilizing promising frontend technology are enormous. A responsive site design is required to express a brand’s policies and services, and here is where frontend technologies aid company owners or the customer immensely.
Other advantages include:
- Frameworks are excellent for prototyping.
- Design creation is adaptive and matches the requirements of new industry trends.
- Deadlines may be met because new frontend technologies make the job of a front-end developer simpler.
- Numerous frontend frameworks give a foundation style on which to grow.
The choice of which framework is the best to work with is frequently influenced by the developer’s preferences and past expertise, but this is not the sole consideration. The nature and size of the project are also significant, since certain components demand more structure, while others need additional flexibility and personalization. Let’s not neglect the complex plan, where we must consider factors like manageability, user traffic, productivity, and scalability, which all have a significant influence on technology decisions.
Trends are a helpful predictor of modern market conditions, but they should never be taken for granted. As with anything else in life, it’s best to approach each problem distinctively in order to find the best answer. It is feasible to meet your project objectives if the frontend technology chosen is closely related to the product vision, business mission, and intended audience.
There is no need to go any further if you are seeking a fintech development partner! DashDevs experts are always happy to assist you in developing your greatest projects. Contact us today!