Financial technology (fintech) is a dynamically growing market based on new technologies, aimed to improve financial activities. Nowadays we can witness a real boom of interest in this market through startups. One of the main challenges is to choose the appropriate technology to ensure product development.
It turns out that the Ruby language and its Ruby on Rails framework (ROR) are frequently chosen by startups, especially those that have a need in creating web applications. You may wonder why? Though Ruby is not one of the most popular programming languages, in case of fintech startups, it appears to become one. Web applications are a natural environment for Ruby on Rails as this framework works pretty well in their development. There are several key features that distinguish RoR among the others. They determine the choice of RoR by fintech startups.
Ruby on Rails provides prepared plugins and modules that allow developers to create any web application without writing a code. Such application can be created up to several dozen percent faster than when it is written with a different programming language. Significant progress in the application development is primarily visible at the very beginning when the client counts on developing the first functionalities in a relatively short time.
Ruby on Rails is an open source framework, which means that from the very beginning you do not have to pay the costs connected with working with this language. Another plus is the fact that it allows you to add features without developing from the scratch.
Ruby, in combination with its framework Ruby on Rails, provides mechanisms that affect application security. It is a built-in protection against XSS, CSRF and SQL Injection attacks, which are considered to be one of the most frequent attacks on web applications.
Products manufactured in Ruby on Rails are characterized by their high quality due to a much lower risk of possible bugs. This affects application’s reliability, and the client does not have to worry about efficiency.
This is another advantage of Ruby on Rails. Have you ever heard of MVP? If not, then you can read this article. However, there is no doubt that RoR will be a perfect tool in this approach. This framework guarantees creation of a basic product functionality in a relatively short time. Thanks to this, the client can launch their product on the market and, at the same time, test solutions. A complete product is developed much faster, which is demanded by the customers. Then, you can proceed with the scaling stage without any problems.
Creating products for the fintech industry requires the highest quality and usage of the best practices. Only an efficient product will be able to achieve market success. Undoubtedly, Ruby on Rails is the perfect support for the development, which is proven not only by the above-mentioned features. The recommendations of the customers themselves are the best prove, as they have had an opportunity to make sure of its high reliability.
Have you ever heard the statement that Berlin is considered to be a new European Silicon Valley? German market with its capital at the forefront is developing very dynamically. It is an attractive place to operate companies and corporations as well as to invest into.
In Germany you can find a lot of interesting tech events that will let you stay up to date with all the latest news in the industry. A few of them promise to be really interesting. Below is a list of the most important events in 2019 (only Q1).
IT leaders and specialists from around the world take part in it. The topics discussed include languages and frameworks, distributed systems, fronted and UX engineering, blockchain and issues related to IT project management.
In the first quarter there are three meetups, organized periodically each month. The community connected with the tech startups in Berlin is taking part, which means that experience exchange, sharing knowledge and gaining valuable contacts are guaranteed.
Digital transformation is the main topic of the conference. It’s a good place to acquire new knowledge in IT Management. The event is organized by EUROFORUM.
Like the conference in Munich, LZ Open in Berlin is all about digital transformation. In addition, you can gain useful knowledge of current technological trends and learn about effective business models that have revolutionized the market.
This event gathers experts, founders and intrapreneurs and C-level leaders in one place to exchange the latest innovation and transformation methods, share best practices and learn from each other in interactive formats like keynotes, workshops, roundtable discussions and mentoring sessions.
The purpose of this conference is to help exchange information and knowledge between various social groups, such as entrepreneurs, engineers, university lecturers and students. The most current technological trends are the high priority of the conference.
Here you will meet over 200 managers responsible in their companies for Research and Development (R&D). You will have an opportunity to take part in a discussion about technological innovations and challenges related to the IT industry.
Strategies and processes, business realities in digital ecosystems, business models of the future, digital realignment and roadmaps – these are just a few examples of the topics that will be discussed during the conference in Berlin. You will have a unique opportunity to meet experienced managers related to the IT market.
This event is addressed to the leaders in mobile technology industry from German-speaking countries. It focuses on topics related to the development of iOS and Android, mobile web and UX experience.