Juned Ghanchi

Dec 18, 2021
In a survey conducted by Deollite, 73% of respondents worldwide said that they use online banking at least once a month. According to the same survey, 59% prefer using mobile banking apps. So, whether web or mobile, fintech apps will dominate in the years to come.
For fintech apps, the user experience remains a crucial aspect impacting the success and failure of any application. The fintech companies need to engage their customers in loan or insurance, or investment products instantly and make the value propositions clear in a convincing manner. On the other hand, fintech companies need to ensure faster scalability with the growth of their customers and queries. No wonder, when you hire ReactJS developers for a fintech project, it fits into all the crucial frontend requirements.
Why Hire ReactJS Developers for Fintech Apps?
ReactJS is an open-source JavaScript library created by the Facebook team to make developing app user interfaces or frontend easier with a component-based architecture. After being launched way back in 2014, it became the dominant web and mobile app development technology for app projects of almost all niches.
Though fintech app developers realized it a bit later, now React is synonymous with the most performance-driven technology for fintech and banking apps. Now React library offers all the useful components for app projects, making it invincible for businesses to hire ReactJS developers.
Usually, a fintech app involves building components like User Profile, User Account, Navbox, Money Transfer, Loan Products, Investment Products, Value Added Banking Services, Contact, etc. ReactJS ideally suits such app projects because it makes maintenance easier through Real Dom and a Virtual Dom. While the Real DOM takes time to update a single change and often impacts the performance, the Virtual DOM ensures streamlining the changes in real-time. This provides higher stability and superior performance of the fintech apps.
React allows code reuse and enhances code quality by enforcing SOLID architecture is another key reason to opt for the library. ReactJS allows the developers to share the JavaScript logic functions across platforms like formatting, data fetching, state management, etc. Still, the framework also allows developers to share and reuse ready to render components in their banking apps. This results in higher consistency of the app user experience and faster development.
Read the complete guide at  Why Product Based FinTech Companies Hire ReactJS Developers?