AVP - Business at VAYUZ Technologies Pvt. Ltd.·
Needs advice

Hi Community! Trust everyone is keeping safe. I am exploring the idea of building a #Neobank (App) with end-to-end banking capabilities. In the process of exploring this space, I have come across multiple Apps (N26, Revolut, Monese, etc) and explored their stacks in detail. The confusion remains to be the Backend Tech to be used?

What would you go with considering all of the languages such as Node.js Java Rails Python are suggested by some person or the other. As a general trend, I have noticed the usage of Node with React on the front or Node with a combination of Kotlin and Swift. Please suggest what would be the right approach!

Neobank - Wikipedia (en.wikipedia.org)
22 upvotes·382.7K views
Replies (9)
CTO at Nugen Computer & I.T. Services·

HI Shivam, If you the only person who is going to develop the full application then I will suggest you to go for Node.js because you will have to deal with one language only i.e. Javascript. And if you are thinking about scaling then do not worry. Nodejs with mongodb make good application. Capital One bank, Paypal, Linkedin and so on companies shifted themselves to Nodejs. Even if you go for Ruby, it has GVL which again makes it work in single thead. If you want to manage concurrent requests in Ruby then you have to manage by introducing Rubinius/jRuby. If we talk about the deployment of Nodejs, it require less resources as compare to other. I have deployed inventory solution right now using Reactjs with Node.js stack and it is pretty much good. I have also deployed apps in Ruby as well. However, node is fast as compare to Ruby and you can scale it easily. I am not saying Ruby is bad. I work in Ruby as I told you above. But these are the real facts.

You can checkout this link :- https://softwarebrothers.co/blog/companies-that-use-node-js/

5 upvotes·68.4K views

Use the language which works well for the developers you have or have available. If you're starting, building a first iteration is far more important than worrying about what language might be best to solve a problem you may never have.

When hiring, look for developers, not "node developers" or "java developers" having people who recognise and are willing to adapt means you can have the flexibility you will need to solve as-yet unforeseen issues. Hire people who are wed to a specific language and you will be bound to that language, regardless of whether it's most appropriate or not.

42 upvotes·1 comment·71.4K views
Shivam Bhargava
Shivam Bhargava
March 26th 2020 at 7:43AM

Hey! Thanks for the response. I do agree with this line of thought, currently I do have an established team of Folks who are pretty good at NodeJS and related stacks (MEAN, MERN, Meteor etc.) along with expertise in Flutter, Native Apps along with AWS as well. I think this would constitute the core App and then integrations all across can take place. Would you have any reading material on the Serverless front in relation to Neobanks / Digital Banking platforms? Thank you.

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Avatar of Varun Sharma

Varun Sharma

CTO at Nugen Computer & I.T. Services