New technologies have always been welcomed by finance in the past. Because of the low tolerance for risk, the need for instant processing, the sheer volume of transactions, computing technology and the internet have become powerful force multipliers for banks.
It is necessary, however, to develop all of these technologies. A key component of that has been finance, whether directly or in partnership with major IT firms. Banks are typically listed as one of the largest clients in IT companies’ earnings reports. Because of their fascination with IT, many IT companies and fintech startups receive direct funding from banks.
Even though all of this sounds fascinating, programming skills are required. Fintech uses the following programming languages.
C++ is closer to the machine than most of the other languages listed. The fact that it is much faster makes it a great choice for high-frequency trading systems. Thousands of dollars are spent to place servers inside stock exchanges to ensure the lowest latency for high-frequency trading!
The world of finance has been swept up by Python without a doubt. There is an elegance to the way this language handles things. In contrast to some of the other languages, the learning curve for this one isn’t steep. Researchers and quants alike find the language appealing due to its high-level nature.
The enormous amount of data produced by our industry makes SQL a vital language to handle it efficiently. Since historical data must be examined, patterns must be identified, and future performance must be predicted, SQL has already been a favourite in the industry for decades. With the rise of data science and analysis, its popularity has grown even more.
Where can I study Fintech Programming Language?
There are many educational institutions in South Africa where you can study programming languages. You have the option of both studying full-time and in class or part-time and online.
Already know some of these languages? In that case, you will have no trouble finding a job in Fintech. Let the team at BlackPen Recruitment help you land your dream job by introducing you to the top companies in your field. Don’t hesitate to contact us!
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