Development of the fintech industry comes at a huge pace. The web systems that came into scene 30 years ago served their purpose and are now being replaced by a modern, engaging technology of HTML5.
HTML5 is the newest version of HTML language that browsers can read to display web pages. The system is the most contemporary tool for modifying and making adjustments to web pages. It helps to build structure and enhances the appearance of the web pages.
Today, HTML5 is the technology that can be used to build 99% of all applications.
In the last three decades, banks and financial institutions have been overly dependent on legacy technology. Now it takes its toll on them as the fast pace of fintech development requires innovations to stay competitive.
Analysts need interactive features to work with charts, infographics and analyse large volumes of data. They need full flexibility to amend, move, zoom in and out the information that they work with. While legacy technology partially allowed doing that, the dynamic charts is a vital part, which this technology is not able to give. Therefore, traders and analysts lean towards HTML5 system, as the technology provides them with interactivity that is so important for their jobs.
HTML5 can build any GUI-based, cross-device application. It is extremely flexible and can fit in with any interface, giving developers the freedom of building any interface that meets their project needs and leaving customers with better user experiences.
HTML5 operates via internet and cloud-based services. It can work through various browsers on either desktop, smartphone or tablet devices. The most recent HTML5 features allow running browser containers that imitate traditional desktop applications while remaining a lightweight resource. HTML5 supports all media elements, from video streaming to PDF files. It is robust, stable and does not need updates.
Here are the key advantages of HTML5 to date:
1. Cost effectiveness
HTML5 allows deploying single batch code that can be used across multiple platforms (iOS and Android) and devices. This gives great savings on development and maintenance costs.
2. Excellent page ranking
HTML5 provides excellent structure and coherent appearance to web pages. Good readability and structure are particularly important for the search engines, as poorly structured pages will not receive good ranking.
3. Offline browsing
HTML5 has an offline application caching, which allows users accessing pages when they are not connected to the internet. This is a big deal for many companies whose nature of business implies users accessing pages on the go without being connected to the World Wide Web.
4. Compatibility with multiple browsers
HTML5, unlike other web applications, supports all browsers. This enables developers to create any website knowing that the end user will be able to open it with a browser of their choice.
5. Better access to business intelligence
HTML5 has the potential to provide better access to business intelligence through its applications. Because HTML5 is compatible with various devices, it can collect, systematise and use data through browser analytic tools.
6. Video support in range of platforms
HTML5 has a native video support that can be built into the supporting browsers. This allows distributing videos faster and maintain high quality picture. This also benefits the SEO via its unique, engaging quality content.
HTML5 supports geolocation. The users can choose whether they want to have this activated or not, but this feature is vital for location-based web pages.
8. Improved user experience
HTML5 provides multiple opportunities for deploying web content and applications. Optimising your user experiences through creating solid ground for SEO and content marketing strategy as well as cutting costs on development and maintenance is another great advantage that HTML5 offers.
Since the beginning of its use, HTML has undergone a number of improvements before its current version and now positions itself as a reliable system that companies can trust. It is true to say that it will not take much time for businesses to move from legacy technology to HTML5, since the benefits of this system are undoubtful.