Golang In Fintech

Before we start with why Golang is used in Fintech, let us understand what is Fintech

What is Fintech?

Financial Technology aka Fintech is one of the emerging industries. It is a combination of innovation and technology which set new ways in the delivery of Financial Services. For example, nowadays smartphones are used for banking services. It is nothing but a technology that improves traditional financial methods.

Financial technology includes startups as well as established financial institutions.

 So why Golang in Fintech?

In Fintech, there is a continuous and 24/7 demand for financial data from many customers. In such a case, it is very important that the connection should be smooth for users and without interruptions. And Golang is a really good and best-fit language when it comes to handling, accessing millions of records.

Major features of Golang for Fintech are as followed -

• Concurrency
• Statically typed
• Memory management
• High Performance
• Scalability
• Cross-functional
• Rich in libraries

Some of the Big and Well-know Fintech Tech Companies that are using Golang-

1. PayPal: Golang at PayPal For Modernizing And Scaling.

Bala Natarajan, Sr. Director of Engineering said -

In our tightly managed environments where we run Go code, we have seen a CPU reduction of approximately ten percent with cleaner and maintainable code.”

2. American Express: American Express Uses Golang for Payments & Rewards

American Express team says:-

From a performance perspective, we saw that Go lived up to its promise.

3. Salesforce: Salesforce Switched from Python to Golang for Einstein Analytics

Principal Architect Guillaume Le Stum said about the Code wrote in Golang:

If we ever need any of this code in a mobile app, we can cross-compile it to iOS or Android and it will just work," Le Stum notes. 

Above are some companies in Fintech using Golang, read more about the article from the original source here

You can also read more articles about Golang here-

• Golang in Blockchain
• Netflix Uses Golang For Rend Proxy
• Salesforce Switched from Python to Golang for Einstein Analytics
• Golang at PayPal For Modernizing And Scaling
• Why American Express Uses Golang?
• Stream Switched From Python To Golang
• Uber Engineered Highest Query Per Second Using Golang
• How a Company Reduced its number of Server from 30 to 2 Using Golang
• Get to know How Golang is used at CockroachDB
• Get to Know How Golang is contributing to Bitly
• Golang at Target - One of America's leading retailers
• Things You Need to Know About Golang For Web Development
• Here Is Why Golang Is One Of The Preferred Technology For Your Project
• Some Interesting Facts and Takeaways from Golang Survey

Author: Reemi Shirsath, COO @ Scalent.io - A Golang Specialized Development Company.