Using Golang to Develop Fintech Apps: Advantages & Use Cases

Fintech applications have a definite role across different sectors to address customer and organizational needs. To ensure faster transactions for financial services & startups, the fintech apps keep the businesses ahead of competitors. Golang has been a supportive app development language for some years now. It was introduced by Google to handle the heavy-duty tasks of developers with swift Go development tasks. 

Go is the top option to develop viable FinTech apps that support high-performing networking. Develop and maintain hi-tech fintech applications that support faster transactions across businesses with the Go development platform. Since its inception, Go has been able to meet certain expectations related to functional apps for organizational needs. The ability to perform multiple app developmental activities makes it the desirable language. 

The FinTech industry needs apps that run smoothly 24/7 and the errors are handled swiftly. Such apps also deliver high-load services and Golang helps to complete the Go development language projects early. Here we are describing the benefits of Golang for FinTech apps and the use cases related to the programming language. 

What are the Advantages of Using Go for Fintech Applications?

1. FinTech apps demand security and Go language secures the customer's use. Modern-day cyber criminals attack FinTech apps to get the maximum benefits and thus security becomes a top requirement. 

2. Go development language supports organizations with distributed network services. The goroutines and channels in the language support the development of reliable web services and APIs. It also supports the development of desirable website apps that will suit day-to-day business operations. 

3. Golang is also the cloud computing language that supports the creation of functional FinTech apps with high portability across different platforms. Google Cloud also takes the help of developing in Go and developers come up with innovative cloud solutions to fit the project needs. 

4. Go Google development language is the desired programming language for request-based service. To build faster and more dependable apps for customers, Golang is the suitable language to deliver optimal outcomes. 

5. The language supports static typing instead of dynamic typic. It is easy to pick the code failures in the Go language and fix them quickly. Developers avail the top benefits of speed & accuracy of the language with simple use of code across the FinTech app development project. 

6. The language also supports memory management in the FinTech industry. Go Google development language supports the optimization of system memory by performing specific activities for the developmental project. 

Top Fintech Companies Using Golang for App Development 

Monzo Banking App 

Monzo is an online banking solution that supports its customers with functional apps. Each module of the banking app supports a single function and the relevant approach by Golang makes a great fit. The online banking app is the best example of an application built through Golang from the start. Go also supported the scaling of Monzo products as it is the perfect solution for microservice architectures. Go developer use the language for the creation of granular service that adds up to the present-day Monzo app. 

The static typing of Go ensures minimal bugs at the runtime. Also, Golang’s garbage collector characteristic also supports the memory management of the application. The development team selected Go over other languages to fit the appropriate implementation of backend services. 

PayPal Payment Processing Platform 

PayPal has been one of the desired platforms for businesses to do simple transactions across the world. Go assisted PayPal with unmatched tools, concurrency, scalability, libraries, and smooth running of the payment gateway. The developers at PayPal use the simplicity of Golang for faster compilation of the machine code. It has resulted in a tremendous rise in productivity and a drop of 10% in CPU load. 

Developing in Go has been the top option to modernize the PayPal transaction system and reduce the time to market. The company used a NoSQL database system for the development tasks but switched to SDN (Software Defined Networking) infrastructure for a better experience, and since then the payment platform has experienced higher progression. 

SoundCloud Music App 

This is the music-sharing app that has gained popularity because of its advanced features & use. Go has been the preferred language for the development of the backend platform of the music app. Faster compilation and static typing of Golang has supported SoundCloud with top features to fit the user’s requirements. 

SoundCloud has been the early adopter of Go and the music-sharing platform fits the needs of listeners. The features introduced in the app suit the demand of listeners and it is also simple to make swifter changes to the current state of the application. 

Allegro eCommerce App 

Allegro is the Polish ecommerce app available in the market since 1999. Go has been the top development language that ensured faster creation of cache services. It has been simple for the developers to introduce new features to the eCommerce app with Golang and the speed of the application has increased multifolds due to it. 

Badoo Dating App 

Badoo is available across 190 countries and with millions of active users. The most widely used dating network has been developed with efficient search algorithms and provides a smooth experience to customers. Go is preferred for Bitmap indexes used in the database management system. 

The dating app or platform can be maintained easily in the Golang language and also updated with simple techniques. The Badoo development team has been the reliable language to support the running of the dating platform in a smooth way. 

Conclusion! 

Go has been one of the reliable languages to develop FinTech apps that support organizational needs. Developers have been able to easily adapt to the language for app development tasks and companies can use it safely for maintenance needs. There are multiple brands across the globe that prefer Go for development tasks. The developers plan the moves accordingly and have proved to be the perfect fit for users to suit the development tasks. Go is one of the safest options with specialized packages to sit the security of business apps and the focus on delivering a seamless customer experience.