MERN Stack for Building Fintech Projects: Is It an Ideal Choice?
Are you planning to build a Fintech app? If so, you need to have a solid strategy to map out the potential challenges and the cost of development.
You must be wondering, why is it so? Financial apps are not similar to other apps on the internet. Since these apps manage finances and band accounts, you must pay more attention to security, user experience, and performance.
Here, choosing the right technology comes into play. But this is also the time when people can go wrong. In the quest to save money, they compromise on the quality and security of the app. As a result, their financial startup fails miserably.
Fortunately, we have MERN stack. It is a JavaScript technology that helps developers build robust and highly performant applications within a budget.
It has gained popularity in developing enterprise-level applications for several reasons. These are:
- Unmatched data security
- Powerful backend
- Hassle-free performance
It is no surprise that the MERN stack has become a preferred choice of several industries, including Fintech. If you are not sure about using the MERN stack for your Fintech project, here is what you should know.
What makes MERN stack a perfect technology for Fintech apps?
As a Fintech business, you will get everything from the MERN stack to build a secure and dynamic web app. With a MERN stack developer, you do not need to hire any other professional. After all, they will work on both the front-end and back-end.
Open source
MERN stack comprises the elements MongoDB, ExpressJS, ReactJs, and NodeJS. All of these technologies are open-source, which means you can use the for free. Being open-source, MERN stack can help you save money significantly. Besides this, these technologies have been used for countless big projects. So, they generally have ready-to-use components on publicly accessible resources. It saves your time too.
Depends on JavaScript
Except MongoDB, all the other technologies in MERN stack are based on JavaScript. It gives you the advantage of building your entire project using a single programming language. With front-end, backend, and middleman using JavaScript, developers can build, maintain and update apps hassle-free.
Robust community support
Since MERN stack is a free and open-source technology, it brags support from proficient developers worldwide. For example, Facebook maintains and supports React. On the other hand, NodeJs, ExpressJs, and MongoDB are popular technologies. Hence, MERN stack receives new updates and improvements to fix bugs and errors.
Additionally, you can access support for your MERN project from credible forums of ReactJs and NodeJs developers.
Highly scalable
Another requirement for a Fintech app is scalability. You would want your financial startup to expand in terms of customers and engagements. If you do not use a scalable tech stack, your Fintech app will face performance issues. That is where MERN stack comes into the picture. It helps you create a Fintech app that meets your needs like scalability, performance, etc.
In closing
Full-stack technologies like MERN are becoming widely popular in Fintech app development. All its components are open-source technologies that allow you to build a web app with minimal cost and time. Also, your application will be high-performing, which improves your user experience. It will lead to more conversions and sales.
If you are searching for a reliable company offering MERN stack development, contact SoftProdigy. We have proficient full-stack developers with years of experience in the field.
