This can be a sponsored submit by Accusoft.
Fintech software program has develop into a crucial element of the monetary providers trade, permitting prospects to readily entry monetary merchandise on their very own phrases whereas additionally enhancing operational effectivity. Digital know-how continues to revolutionize the best way monetary establishments function, and builders work exhausting to create new purposes that may handle workloads beforehand unfold throughout a number of methods and software program.
Doc viewing and sharing capabilities are among the many most necessary options for fintech purposes. Whereas builders can use a wide range of doc lifecycle options to keep away from the troublesome process of constructing these options from scratch, the monetary trade faces distinctive safety and compatibility necessities in terms of choosing integration companions. To totally perceive these technical challenges, it’s necessary to grasp the position of Java within the growth of at this time’s fintech purposes.
How Java Grew to become So Necessary to the Monetary Business
Monetary establishments had been early adopters of computerized workflows. The primary digital communication community that made it potential to commerce monetary merchandise exterior the inventory market ground was launched in 1969. Computerized order flows grew to become extra widespread within the Nineteen Seventies, with most establishments creating their very own in-house methods. Digitization actually took off within the Nineteen Eighties and early Nineteen Nineties following the introduction of the Bloomberg terminal and the Monetary Info eXhange (FIX) protocol. Within the late Nineteen Nineties, the Nasdaq made it potential to execute securities trades with out handbook intervention by adopting Island ECN.
Java burst onto the programming language scene in 1995, and its arrival proved to be well-timed. The late Nineteen Nineties and early 2000s noticed intensive mergers and acquisitions within the monetary trade, which left many corporations struggling to combine disparate purposes and knowledge. Java programming language, with its capability to assist a number of platforms (“Write as soon as, run anyplace” was an early slogan utilized by Solar Microsystems) proved to be a horny resolution to this problem, and lots of monetary purposes had been ported into Java. It additionally helped that Java was simple to make use of and orders of magnitude quicker than legacy code operating on outdated platforms.
Inside just some years, Java grew to become the dominant programming language for the monetary providers trade. Its recognition solely accelerated after the discharge of OpenJDK, a free and open-source implementation of the language, in 2007. By 2011, an Oracle report estimated that over 80% of digital buying and selling purposes and nearly all FIX engines had been written utilizing Java. Even now, practically 30 years after its introduction, Java stays the dominant programming language utilized by monetary providers, far outpacing different open-source options.
Why the Monetary Business Loves Java
Builders within the monetary sector haven’t simply caught with Java for therefore lengthy out of behavior or inertia; Java’s distinctive options make it uniquely fitted to the wants of economic purposes, each for longstanding enterprise-grade banking methods and progressive new fintech options.
Safety
It goes with out saying that safety is all the time a high consideration within the monetary providers trade. Banking and buying and selling purposes have to have safety measures in place to guard monetary knowledge and personally identifiable info from unauthorized entry. Java makes it simple to limit knowledge entry and presents a wide range of reminiscence security options that mitigate potential vulnerabilities, particularly these brought on by widespread programming errors. Oracle additionally continues to offer common updates that patch recognized vulnerabilities and account for the most recent cybersecurity threats.
Portability
As a platform-independent language, Java purposes can run on nearly any machine. This has all the time been a serious benefit within the monetary trade, however it has proved much more precious within the age of cloud computing and cell purposes. Builders can use the identical code to deploy software program in a digital setting and make it accessible to end-users from their smartphones, computer systems, or different units. Java digital machines additionally assist different programming languages, which additional enhances the language’s flexibility.
Reliability
Since Java has been in steady use for practically 30 years and enjoys assist from a sturdy growth neighborhood, it has develop into one of the crucial dependable programming languages on this planet. Potential instabilities have lengthy since been addressed and there are a lot of developer instruments and documentation accessible to make sure that software program is constructed upon a powerful basis. That is critically necessary for banking and monetary purposes, which require excessive ranges of efficiency paired with fault tolerance.
The Want for Java-Based mostly Doc Viewing & Sharing
As fintech builders proceed to construct new purposes that make life simpler for patrons and staff inside the monetary sector, they’re more and more discovering that customers count on extra in terms of viewing and sharing paperwork. No one needs to waste time and sources processing paper paperwork by hand, and most organizations need to keep away from the safety dangers that include counting on exterior purposes for managing digital paperwork.
Sadly, at this time’s software customers count on advanced doc viewing capabilities which can be troublesome for many builders to construct from scratch. Whereas there are a number of integrations accessible that may add doc lifecycle options, most of them should not Java primarily based and require extra growth work to include them into current fintech options. With out the power to assist viewing, sharing, and enhancing natively inside the Java software, customers usually flip to workarounds involving exterior applications, which creates safety and model confusion dangers.
Implementing Java-based Doc Options with VirtualViewer
Accusoft’s VirtualViewer is a robust HTML5 doc viewing resolution constructed from the bottom up utilizing Java to make sure most compatibility with fintech purposes within the monetary providers trade whereas additionally assembly advanced performance and safety necessities. With assist for numerous doc sorts, corresponding to PDF, TIFF, JPEG, AFP, PCL, and Microsoft Workplace, VirtualViewer eliminates the necessity for a number of viewing options to create a greater person expertise inside fintech software program.
As a Java-based integration, VirtualViewer is appropriate with nearly any working system and is each simple to implement and handle. No software program must be put in on the person’s desktop, which permits fintech builders to roll out a scalable resolution that meets their crucial safety and enterprise continuity necessities inside a single, high-speed software. VirtualViewer’s server element shortly renders and delivers particular person doc pages for native viewing as wanted so customers can entry, view, annotate, redact, and manipulate monetary paperwork on the fly. Since paperwork are displayed inside the web-based viewer, there’s no have to obtain or switch recordsdata, which reinforces each safety and effectivity.
When carried out as a alternative for a mortgage lender’s content material administration system, VirtualViewer made it potential to import and ship greater than half 1,000,000 paperwork throughout the enterprise every day. Paperwork might be retrieved and considered in below two seconds, contributing to a 40% enchancment in mortgage processing occasions.
Improve Your Java Fintech Software with VirtualViewer
Accusoft’s VirtualViewer supplies true cross-platform doc assist to your Java-based purposes. Whether or not you’re deploying your software inside the cloud, on-prem, or as a part of a hybrid setting, VirtualViewer’s highly effective APIs can immediately present your software program with the doc viewing and sharing options your prospects are on the lookout for. Putting in the viewer takes lower than ten minutes, and our out-of-the-box connectors make it simple to shortly connect with main ECM purposes, together with Alfresco, IBM, and Pegasystems.
See for your self: take VirtualViewer for a check drive and expertise all of the options accessible to your Java-based software.
