Credits : Portswigger

PHP is the most popular programming language for web applications. But PHP websites are also among the most targeted by hackers and account for many security incidents.

Snuffleupagus, an open source security module, aims to raise the costs of attacking PHP websites.

Developed by web hosting company NBS System, Snuffleupagus acts as an added layer of defense for PHP applications, intercepting malicious requests that exploit vulnerabilities in the underlying PHP code.

Why Snuffleupagus?

Sysadmins and webmasters have a plethora of tools at their disposal to protect web applications against attacks, including web application firewalls (WAF) and intrusion detection systems (IDS).

But while those tools are useful in their own right, they can’t inspect every detail of PHP applications. Snuffleupagus works directly in the code of PHP applications, which gives it granular visibility and control into the security of the website.

“We wanted something for PHP, to kill low-hanging bug classes in a generic way, so we wouldn’t have to worry about them anymore,” said Julien Voisin, lead developer of Snuffleupagus, in written comments to The Daily Swig, stressing that WAFs can’t detect and fix every vulnerability.

“Sometimes you want to have more granularity, like setting rules for when a function in a file is called with a specific parameter configuration,” Voisin said.

“This isn’t possible if you’re operating at the HTTP level, because you only see web requests, and have no clue about what the application is doing with them.”

Virtual patching

Snuffleupagus enables sysadmins and security teams to harden websites without the need to bother web developers or compromise the development process.

One of the benefits is that Snuffleupagus can push virtual patches on all machines without requiring clients to update their websites or content management systems.

Therefore, even if a client is running an outdated and vulnerable version of a PHP application, Snuffleupagus will still be able to protect it against unpatched vulnerabilities.

“Operating directly inside of PHP makes a big difference,” Voisin said. “For example, Magento doesn’t provide details about vulnerabilities, so previously we had to obtain the patches, understand the changes, understand what vulnerability was fixed, find all the vectors to trigger it, and write WAF rules accordingly.

“With Snuffleupagus, we look at the changes the patches made, and roughly replicate them in Snuffleupagus.”


Before Snuffleupagus, server admins could use Suhosin, a security tool that protected PHP servers against known and unknown vulnerabilities. But Suhosin is outdated and doesn’t work with PHP7.

(Earlier this year, the developers of Suhosin unveiled the Suhosin-NG project, which will be based on Snuffleupagus and aims to bring the project up to speed with the latest PHP build. This is still in development.)

Voisin has detailed how Snuffleupagus can protect PHP servers against a wide range of vulnerabilities in a blog post.

Since Snuffleupagus focuses on PHP code, it will not protect websites against client-side vulnerabilities such as cross-site scripting (XSS) attacks. It also won’t help against logical errors in the application’s code.

Snuffleupagus is also exclusive to PHP, which means it won’t be of use to Perl, Python, and other server platforms. It will, however, still apply to millions of websites.

According to BuiltWith, more than 39 million sites run on PHP, including 44% of the top 10,000 websites. Most popular CMS technologies, such as WordPress, Joomla, and Drupal, are based on PHP.

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Credits : Wptavern

On October 9, Juliette Reinders Folmer announced on the core WordPress blog that WordPress 5.3 will use the spread operator. The spread operator was one of the new features made available in PHP 5.6, a version released in 2014.

WordPress abandoned PHP 5.2 – 5.5 with the release of WordPress 5.2. This means the core team can start taking advantage of relatively new features, or at least 5-year-old features. For plugin and theme developers who maintain the same minimum version support as WordPress, they can also start exploring this feature.

PHP 5.6 introduced two new methods of using the spread operator:

  • A Parameter in variadic functions.
  • Function argument unpacking of arrays and traversable objects.

This feature shouldn’t be confused with unpacking inside of arrays, which is only available in PHP 7.4.

The change in WordPress 5.3 is not expected to affect themes and plugins except in the rare case that a developer is overloading the wpdb::prepare() method. Developers should read the announcement post to dive into what code has changed in core WordPress.

Developers should check their plugins and themes with debugging enabled in a test environment to check for any notices. There may be cases where the function signature doesn’t match.

The spread operator is a tool, and like any tool, it should be used when it makes sense. Because it is a language construct, it does offer speed improvements over traditional methods of using a PHP function.

The remainder of this post will dive into the using the spread operator to help teach WordPress developers how it works.

Creating a Variadic Function with the Spread Operator

Variadic functions are PHP functions that accept a variable number of arguments passed in. They have existed for years. However, they can be confusing without solid inline documentation from the developer who wrote the code.

In the past, developers would need to use the func_get_args()func_get_arg(), or func_num_args() functions to work with variadic functions. In PHP 5.6, developers can use a parameter such as ...$var_name to represent a variable number of parameters.

Take a look at the following multiplication function. It will accept one, two, three, or even more numbers and multiply each.

function tavern_multiply( ...$numbers ) {
$total = 1;
foreach ( $numbers as $number ) {
$total = $total * intval( $number );
return $total;

If we use that function as shown below, it will display 1024:

echo tavern_multiply( 2, 4, 8, 16 );

This is simple to do with the spread operator.

Unpacking Arrays as Function Arguments

PHP 5.6 allows developers to unpack arrays and traversable objects as function arguments. To explain how this works, look at the following multiplication function for multiplying three numbers together.

function tavern_multiply_three( $x, $y, $z ) {
return $x * $y * $z;

Generally, you would need to manually pass the $x$y, and $z parameters directly. However, there are cases in real-world projects where the data (numbers in this case) would already exist within an array such as:

$numbers = [ 3, 6, 9 ];

Prior to PHP 5.6, you would need to split that array and pass each value to the function as shown in the following snippet.

echo tavern_multiply_three( $numbers[0], $numbers[1], $numbers[2] );

With PHP 5.6, you can simply pass in ...$numbers like so:

echo tavern_multiply_three( ...$numbers );

Both methods work and will output 162. However, the second method is easier to read and is less prone to typos because it uses fewer characters.

Comparing Code Changes in WordPress

For a more practical example, let’s compare a real-world code change in WordPress and how using the spread operator improves the code over other methods. We can do this by looking at the core current_user_can() function.

First, see how the code is written in WordPress 5.2 and earlier.

function current_user_can( $capability ) {
$current_user = wp_get_current_user();
if ( empty( $current_user ) ) {
return false;
$args = array_slice( func_get_args(), 1 );
$args = array_merge( array( $capability ), $args );
return call_user_func_array( array( $current_user, 'has_cap' ), $args );

Without looking at the full function, most developers would assume that $capability is the only accepted parameter for this function. However, the function accepts a variable number of parameters. Previously, WordPress had to use func_get_args() to get all the parameters, slice the array, and merge everything back together.

It is inelegant coding, but it got the job done for old versions of PHP.

Now compare what the same function looks like in WordPress 5.3. First, you can see the ...$args parameter clearly in the function statement. You can also see there is no need for the clever coding to pass along a variable number of arguments.

function current_user_can( $capability, ...$args ) {
$current_user = wp_get_current_user();
if ( empty( $current_user ) ) {
return false;
return $current_user->has_cap( $capability, ...$args );

The change in WordPress 5.3 is a massive improvement in readability in comparison to earlier versions. It is nice to see these types of improvements to the core code.

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Credits : Htmlgoodies

The contemporary web development industry has become quite dynamic and advanced. Developers leverage multiple programming tools and languages for creating wonderful websites that are user-friendly and responsive.

But the task of choosing the best tech stack on which to launch your online portal is quite daunting. In the programming sphere, there are a plethora of alternatives, but picking one should be done cautiously. PHP and Java are two coding languages that are equally popular and powerful enough to facilitate seamless web development.

To help you make the choice, we thought it would be best to provide a complete outline of both of these languages so that you can understand their specific pros and cons. This know how will allow you to make a well-informed decision. So, let’s explore each of them one-by-one and compare different features in detail to provide a comprehensive idea.

PHP or Hypertext PreProcessor: An Open Source Server-Side Scripting Tool for Building Responsive Web Portals

PHP is a general-purpose web development language that is one of the most popular server-side scripting tools based on HTML. This platform is quite fast and considered as the best option for building dynamic web pages.

PHP offers a variety of efficient frameworks that are ideal for creating responsive websites, as well as REST APIs. These web frameworks are extremely fast and productive. Also, each of these follows only the best practices of web development.

As it is open source and object-oriented in nature. PHP is an affordable option for getting responsive sites built quickly. Also, an extensive community helps in seamless web development and maintenance. PHP is compatible with multiple database management systems such as MySQL, Oracle, IIS, MariaDB, Apache, etc.

Working with efficient PHP developers allows you to create reliable, as well as platform-independent, web apps. This language facilitates seamless file processing, large database management, arrays, data processing, file uploads, etc. The most recent version of this language comprises an error handling module and it can perform efficiently on multiple operating systems.

PHP is the preferred start-up programming tool for developing websites that are scalable, customizable, and flexible. Also, it’s easier to work with this language and this is the reason why it’s one of the hot favorites of developers.

Java: A Client-Based Programming Language, Best for Building Enterprise-Grade Web Apps & Cloud-Based Data Warehouses

Java is an object-oriented and cost-efficient platform that is appropriate for larger and enterprise-grade web development. Also, Java is blessed with a Virtual Machine that makes it fast and capable of performing effortlessly on multiple operating systems.

Java is blessed with a quite extensive library and it also has vast community support that is fully loaded with expert Java developers, default design patterns and web development best practices. It helps programmers in solving their doubts and developing high-end web apps from scratch. Java developers can also seek help from online forums in order to solve any difficulty.

Moreover, web programmers well-versed with this popular coding language have extensive experience in developing a cloud-based data warehouse architecture which helps in seamless storage and management of all the data held by your organization. Also, these solutions are becoming even more popular because they are pocket-friendly, easy to set-up and scalable.

Along with efficient data warehousing, Java has integrated the best security features that, in turn, make it the best alternative for the client-server’s data exchange. In addition, it’s an easy-to-learn platform that allows web developers to easily perform coding and debugging. Java is the most popular programming tool for web development companies that want to work on larger projects.

Java is not that fast as PHP but it’s equally popular among web developers for building enterprise-grade and high-end web apps. Let’s compare these two platforms based on diverse features to spot the major difference:

1. Optimization for Speed & Quality Performance

Java and PHP are known to be two of the fastest web development platforms that are efficient and reliable. PHP is slightly quicker than Java, but that doesn’t make the latter any weaker a contender.

2. Ease of Learning & Support

Both of these programming languages are easy to learn and master. But in terms of support, PHP has the upper hand in comparison with Java. However, Java is blessed with the best security features that give it an edge over the former.

3. Price & Compatibility

PHP is an open source platform hence it’s free of cost, but this isn’t the case with Java. Although, both of these platforms are platform-independent, PHP has the advantage of being more compatible.

4. Checking Type

PHP leverages Dynamic type checking whereas Static type checking is the employed in Java. But as the latter allows developers to spot errors and bugs in the initial stages of web development, it can be called as the one with an edge regarding this functionality.

5. Multiple Instruction Implementations

PHP leverages multi-threaded execution, but Java makes use of thread-to-thread implementation of numerous instruction series. Here also, Java has an upper hand because memory sharing in the inter-thread implementation is quicker than an analogous multi-thread instruction.

Deciding Which Is the Best: A Difficult Call to Make

Considering the features and functions each of these two programming platforms offer, concluding that one is better in a given situation could be a bit unfair. Java is a client-based language whereas PHP is a server-side scripting platform. Hence, these two have their own pros and cons. Also, both of these languages have unique features that are extremely useful for web developers.

However, when forced to make a choice you can consider the kind and size of your web app development project to determine which programming language would be the perfect fit. Also, your budget and other resources in hand will play a crucial role in deciding the tech stack for your upcoming web development project.

So, it would be better not to pick randomly but have a discussion with expert developers and evaluate software developers’ resumes for making a smart choice that you won’t regret in the future. Invest some time and see how experienced programmers can cherry-pick the best language for converting your idea into a fully functional and high-end web app.

Considering the dynamism in the software industry, it can’t be said that either PHP or Java would be the best choice for seamless web development. Both of these are powerful and efficient platforms for creating feature-rich and large web apps with few technical hurdles. Finding the right programming team is what you should look for if you want to build a responsive online presence to market your venture and establish credibility to connect with a diverse customer base.

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Credits : Crunchbase

Recent Crunchbase News analysis found that software professionals at some of the most-funded “unicorn” startups can earn well into the six figures. It’s no wonder, then, why hiring and subsequently paying engineers is one of the largest costs incurred by scaling software businesses.

Since the dawn of the software industry, hiring remote has always been an option. The challenge, so often, is quality. We’ve all heard horror stories of development projects gone wrong under the aegis of outsourced teams.

Terminal is a San Francisco-based startup trying to do something a little different. Part technical recruiter, part office-space manager, and part HR administrator, the company helps its clients spin up and run remote software engineering teams where high-quality talent can be obtained for less.

Here’s the basics of the model: Terminal builds remote software engineering teams for fast-growing technology companies. Terminal is the employer and facilitates payroll, perks, and benefits. Its clients, in turn, pay Terminal by the month for their teams. In the event that a client terminates its relationship with Terminal, they have the option to convert their Terminal-managed team to one they manage themselves. “If the client chooses not to convert the engineer, Terminal works with the employee to place them in other opportunities within the Terminal family,” the company said in response to Crunchbase News’s questions

“Developers and programmers love building their careers in an engineer-centric community working on world-changing products,” said Terminal’s CEO, Clay Kellogg, in a statement. “We’re offering them a vibrant community with all of the HR resources, benefits and perks that they can get if they worked in Silicon Valley—without having to leave their hometown. This funding means we can provide exciting growth opportunities to even more engineers around the world,” he added.

Today, the company unveils $17 million in new funding led by 8VC. Participating investors include Atomic, Cathay Innovation, Cherubic Ventures, Craft Ventures, Kleiner Perkins, Lightspeed Venture Partners, and others.

The startup was co-founded by venture investors. Joe Lonsdale, co-founding general partner at the firm, launched Terminal alongside Jack Abraham, the managing partner of Atomic, a “venture fund that founds companies.” Terminal hosts remote development teams for a couple Atomic portfolio companies: Bungalow and Hims (which is also in 8VC’s portfolio). Other companies which use Terminal’s services include Dialpad, Eventbrite, and Gusto.

The deal brings Terminal’s total known funding to $30 million. The company raised $10 million in its Series A round in May 2018, and a $3 million seed round back in March 2017.

Terminal has a number of “campuses” throughout North America. The company has locations in Canadian cities like Vancouver, Toronto, Montreal, and Kitchener-Waterloo. Additionally, it has a location in Guadalajara, Mexico. Engineers working out of Terminal’s various offices have the amenities one would typically expect of a tech company office: lots of coffee, weekly catered lunches, and a calendar of social and professional events.

The company says it intends to expand to “more than 10 cities globally” over the next two years.

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Credits : Satellitetoday

The European Space Agency (ESA) selected AdaCore, a provider of software development and verification tools, to provide a qualified multitasking solution for spacecraft software development to support multiple ongoing and future ESA projects.

As part of this contract, AdaCore has implemented a pre-qualified version of the Ravenscar Small Footprint (SFP) library — a configurable Ada run-time library that implements the Ravenscar profile, allows customization for specific platforms and capabilities, and is suitable for qualification in different domains, particularly those in which certification or a reduced footprint is needed.

“Reliability of mission-critical software is a key factor for ESA satellite missions,” said Mark Dean, Software Engineer, European Space Agency. “We are confident that AdaCore’s tools and run-time environment are able to provide a solid base for the development and qualification of such applications. The recent cooperation between ESA and AdaCore to pre-qualify the generic elements of AdaCore’s Ravenscar SFP run-time towards the European Cooperation for Space Standardization (ECSS) software standards ensures these tools are readily available to the European space industry and offers a clear path towards software qualification on a number of upcoming missions.”

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Credits : Martechseries

PostcardMania, a $59 million Inc. 500 marketing firm, recently increased their in-house software development team to accommodate the growing demand for automated direct mail, now available via their proprietary API integration. This integration will be immediately available to 238 CRMs as well as other data companies.

This API integration will allow business owners to incorporate real, direct mail touches into their marketing media mix and automated pipeline with a simple, one-time setup via their chosen platform. For example, users of Salesforce will be able to send all new leads entering the system a physical postcard in the mail for as little as $0.55 without any quantity minimums or ongoing work or maintenance — after the initial (and free) integration and setup, the system and integration will operate automatically and continuously.

Created for SAAS companies, CRMs, franchises, data providers, and marketing technology platforms, PostcardMania’s direct mail API integration offers an integrated print collateral solution without any upfront investment in print manufacturing or delivery.

Since the integration was revealed in June, inquiries from tech companies searching for a new, higher-quality direct mail integration have come in almost daily. Unlike PostcardMania, most direct mail integrations on the market today are exclusively technology platforms and not commercial printers or direct mail marketers. Without a means to deliver the print requests received from end users, existing integrations instead outsource printing to a nationwide network, resulting in lower quality control.

To handle the increased demand, PostcardMania’s Platform Development Division brought on additional software developers, expanding their current team size by 50%. Together, they will spearhead ongoing and upcoming technology developments and integrations.

CEO Joy Gendusa comments on her technology division’s expansion, saying, “It’s been a long-time coming that we’re offering on-demand print solutions for tech companies and marketing platforms. There’s a wave of programmatic print companies popping online, but none of them offer the level of quality control we have, which comes from 21 years of printing 1.8 billion postcards in-house.”

Clients that interface with PostcardMania’s software also take advantage of discounted direct mail pricing, an on-site United States Postal Service rep and clearing facility to expedite delivery, and an end-user friendly dashboard that has been several years in the making.

Gendusa commented further, “We don’t just slap postcard designs online, print them and call it a day. PostardMania has never been just a printer. We’re a marketing company, so each and every web page, UI, and direct mail design that we create is based on 87,000 clients, and 239,396 campaigns, so that we provide online-accessible marketing products that produce results and ROI.”

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Credits : Devops

It’s getting harder for businesses that are building technology tools to get attention, traction and ultimately widespread adoption. You can’t just launch an amazing new developer tool and hope developers will find you; providers need to zero in on a specific use case that empowers developers while also ensuring those developers will still have access to the broad ecosystem of other tools they need to do their jobs.

It’s getting harder for businesses that are building technology tools to get attention, traction and ultimately widespread adoption. You can’t just launch an amazing new developer tool and hope developers will find you; providers need to zero in on a specific use case that empowers developers while also ensuring those developers will still have access to the broad ecosystem of other tools they need to do their jobs.

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Credits : Eccouncil

Application Security Engineer”- This job title will fetch you approximately 47,000 job opportunities on any global job posting website.[1] This number is restricted to a limited number of cities in the U.S., and if we consider other parts of the world, the full picture would appear larger. You will also be alarmed to learn that many big companies like Facebook, Google, Twitter, Dropbox, Autodesk, etc. have these job profiles unfilled for a few months now. Does this raise the alarm on the urgent need for Application Security Engineers?

The need for application security is gaining prominence with the growing requirement for application security engineers. Vulnerabilities in applications place many businesses at risk.

Fortune 500 companies have turned to software and are now facing increased information security risks, causing them to hire more application security engineers.

Addressing security throughout SDLC is an effective way to ensure the production of highly secured applications. Web application and android app development organizations are seeking software developers who can practice security during the software development lifecycle. The security-focused coding, testing, and deployment will lead to robust applications which are less vulnerable to cyberattacks. The role of a software developer, from mere coding and development to secure application development, has added a crucial role that makes for an entire difference in the SDLC process.

How Can a Software Developer Become a Security Application Engineer?

Application Security Engineer = Software Developer + Security Training (C|ASE)

The first requirement to become a security engineer is to be a software developer with good coding and development background. To ensure security, a software developer must be trained in security engineering. EC-Council’s program – Certified Application Security Engineer (C|ASE) should be the first choice of any software developer seeking to upgrade to an application security engineer.

C|ASE: From Application Developers to Skilled Application Security Professionals

1. Comprehensive Training:

C|ASE is the most comprehensive training program desired by the software application engineers, analysts, testers globally that covers a vast range of techniques like defensive coding practices, cryptographic attacks, session management techniques, input validation, authentication and authorization, and many others. It applies from pre-deployment to post-deployment phase, including maintenance, covering every aspect of the Software Development Life Cycle.

2. Multifaceted:

C|ASE is multifaceted, in a sense, that it can be applied to various domains, like web development and mobile app development. The credential enables you to protect any device that is connected to the internet and need secure programming.

3. Bi-lingual:

Unlike other application security programs that are applicable only to single programming language, C|ASE supports two. Any developer either from .NET or JAVA background can learn to implement secure programming in their applications. It is the credibility of the EC-Council to encourage developers to prioritize secure scripting without compromising their programming skills.

4. Mapped to NICE Framework

C|ASE is mapped to the NICE 2.0 Framework under the category ‘Securely Provision’. The category “Securely Provision” covers the aspects of systems or network development and conceptualizes, designs, procures or builds secure information technology (IT) systems. Been mapped to NICE, C|ASE widens the job opportunities of developers.

5. Exhaustive Labs

EC-Council training programs are structured in the ratio of 60:40, where the theoretical learning will be 60%, and the rest 40% covers the practical sessions. C|ASE curriculum includes an exhaustive range of labs to encourage real-life practice. Besides, C|ASE also allows practicing on iLabs to obtain experience of defending real-time attacks.

C|ASE assures that you are an expert in application security demonstrating the skills that the employers seek, globally. It is developed in partnership with extensive application and software development experts globally. It focuses on the importance of implementation of methodologies that are secured. The application developers seeking to be security engineers should immediately upgrade themselves with CASE.

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Credits : Thenextweb

Popular software hosting service GitHub has acquired Semmle, a code analysis platform that helps product developers and security researchers discover potential zero-days and critical vulnerabilities in large codebases.

The financial terms of the deal were not disclosed by the two companies. But GitHub intends to make Semmle’s automated code review products available via GitHub Actions.

The San Francisco-based firm — founded in 2006 — counts Uber, NASA, Microsoft, Google, and Nasdaq as some of its clients.

Semmle offers tools like QL that codifies logical programming errors as queries to spot mistakes, find variants of the same bug elsewhere in the code, and prevent them from occurring in the future.

QL also powers Semmle’s second product, LGTM (short for “Looks Good to Me”), a software engineering analytics platform that combines deep semantic code search with data science insights to let teams get feedback, recommendations, and uncover vulnerable versions of third-party library dependencies.

GitHub is positioning Semmle’s offerings as a means to “investigate, address, and propagate security issues” in open-source projects, as it seeks to incentivize developers in securing software.

GitHub also revealed it’s now a Common Vulnerabilities and Exposures (CVE) Numbering Authority, thereby allowing the company to assign identifiers to new security flaws as and when they are discovered on the platform.

With Semmle integration, every CVE-ID can be associated with a Semmle QL query, which can then be shared and tracked by the broader developer community.

To date, hundreds of CVEs in open-source projects have been uncovered using Semmle, spanning across Google Chromium, Linux, Ubuntu, and Microsoft’s Edge browser.

The Microsoft subsidiary’s acquisition comes months after it purchased Pull Panda to beef up its portfolio of code review tools and provide developers an infrastructure to create secure software that follows the best software practices.

In the year since the tech giant acquired GitHub, the latter has grown into a full-fledged version control system, in addition to becoming one of the largest repositories for hosting open-source software.

Viewed in that light, Semmle is a cog in the grand GitHub wheel that fits right into its software development workflow.

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Credits : Business

The financial services industry is quickly becoming a leader in software development. Research shows that investments in financial technology, or fintech, reached $34 billion in 2018. Much of this growth is attributed to the rise of emerging technologies like blockchain, data analytics and cloud computing.

These new technologies are expected to revolutionize the way payments are made and transactions tracked. In addition, they will help banks increase profits through data analytics and protect their customers’ valuable data through software security.

Many of these financial services organizations are turning to offshore software outsourcing to build custom software while maintaining a lean in-house development team. That’s because these companies come with decades of invaluable experience from working with big tech and other Fortune 500 companies to develop custom software.

Banks are turning to offshore development services to access the best talent. This is especially important given the stranglehold that big tech has over software development talent and the historically low unemployment rate enjoyed by software developers, which has increased salaries and competition for the entire industry. 

In addition, offshore development teams are being used to shorten the development cycle and improve the quality of data analytics in the industry. Read on to learn more about how software outsourcing is shaping the future of fintech and helping companies grow.

1. Access to in-demand experts

Offshore software outsourcing companies help financial service organizations find the right talent for their development needs. This is especially important given the current hiring market – software engineers have an ultralow unemployment rate of just 1.9%. 

This candidate-driven job market means that more companies are competing to hire a limited number of experienced software engineers. Hiring for the fintech industry is even more difficult, since working in finance has historically been viewed as less prestigious than working for well-recognized tech companies like Google or Facebook. Furthermore, while the tech talent crisis may have started in the United States, it’s beginning to affect companies across the world, including ones in Western Europe and Canada. 

That’s why businesses across the globe are turning to offshore development companies to avoid the tough American hiring market and secure the right talent for their needs. Many of these companies are located in regions like Latin America and Asia, which have an excess of experienced software developers with the same education and experience levels as their American counterparts. Software engineers in Latin America are also valued for their advanced fluency in English and understanding of American tech culture. Developers in this region also work the same business hours as their in-house colleagues, making collaboration seamless.

2. Faster project completion

Fintech companies are working with offshore software development firms in order to start projects quicker and complete them in less time.

Financial service firms have long used traditional hiring processes to staff their software development projects. This involves finding candidates through traditional hiring channels and training those new employees to company standards. However, offshore development services have a range of experienced developers on staff who can start a project on cue, eliminating the time-consuming hiring process.

These specialists can also shorten the development lifecycle. That’s because these developers have years of experience as contractors and have worked on a wide variety of projects over their careers. They can apply this experience to quickly resolve common problems, streamline the most complex parts of the development cycle and reduce the overall length of the project.

Finally, the type of multidisciplinary development teams favored by outsourcing companies allow for the rapid development of high-quality software. That’s because they include important considerations like user design, quality assurance and data privacy in every step of the development process. This eliminates much of the workload at the tail end of the project and results in a superior final product. 

3. Increased profits through data analytics

The finance industry is a leader in data collection and analytics. Investment banks like JPMorgan Chase and Goldman Sachs have long employed specialists who analyze data to reduce risk when underwriting loans, issuing securities or trading futures.

These same financial service organizations are now analyzing consumer data to increase sales and promote customer loyalty. They use credit scores, spending habits, and demographic data to analyze creditworthiness and offer tailored services to each consumer.

Both small credit unions and large multinational banks are utilizing a combination of in-house engineers and offshore development services to improve their analytics. In particular, these offshore software outsourcing services help financial institutions build data analytics software with the popular Python programming language. They also help companies protect valuable consumer data by providing experienced software security experts as needed.

4. Reduced server load through cloud computing

The banking and finance industry has been reluctant to implement cloud computing technology, largely because web-based storage is vulnerable to hackers. However, recent improvements in data privacy protections have led some banks to begin integrating the technology into their core business.

Financial institutions love cloud computing because it reduces the need for physical infrastructure. Rather than maintaining fleets of expensive servers, banks can now store information offsite with a third party through a software-as-a-service (SaaS) arrangement. That’s one reason researchers estimate that banks are cutting technology costs by 25% using cloud computing, saving more than $15 billion. 

Banks are already using cloud computing to store information related to communications, human resources and accounting. In fact, one of the most popular SaaS models is Microsoft Office 365, which allows companies to store documents, emails, calendars, contact lists and other sensitive information online.

5. Protection of valuable consumer data

One of the most important challenges facing financial executives today is how to reduce the number of data breaches, which increases each year. Furthermore, savvy cybercriminals levy an outsized portion of their attacks against the finance industry, attempting data breaches against banks 300 times more frequently than companies in other industries – with each American financial service firm withstanding an estimated 1 billion attacks every year. 

This problem is even more important when you consider the type of information. Banks store incredibly sensitive data, including Social Security numbers, credit card information, salaries, purchase habits and home addresses. This is valuable information that criminals can use for profit.

Banks are responding to this crisis by increasing investments in their cybersecurity defenses and by hiring software security experts in droves. In fact, research has found that financial institutions currently spend roughly $2,300 per person on cybersecurity every year. This spending accounts for nearly 15% of their information technology budgets. 

The U.S. government has released new regulations dictating how banks should secure their information. This means that banks of all sizes must continue to increase investments in data privacy and shore up their defenses against increasingly sophisticated cybercriminals.

In summary

The financial services industry is investing billions of dollars a year to develop the type of custom software that their businesses need to survive in the new data-driven marketplace. Many of these organizations are turning to offshore software outsourcing to accomplish this goal without distracting from their core missions.

These offshore development services help banks develop well-crafted software without committing to large and unnecessary in-house engineering teams. In addition, outsourcing partners help businesses start projects quicker and shorten the overall development lifecycle.

Finally, these offshore developers are improving the quality of data analytics for fintech. This will enable banks to offer targeted services to their customers and increase the quality of their investment banking operations.

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