Revolutionizing Banking Apps with Angular-Best Practices and Code Examples
blogJuly 5, 2024

Revolutionizing Banking Apps with Angular-Best Practices and Code Examples

The robust codebase that Angular creates is useful in banking applications that need maintainable code. An expert can integrate best practices to leverage Angular's powerful features, for feasible and secure fintech solutions.

Article presentation
In the fast-paced world of fintech, delivering responsive and reliable web applications is crucial.

Angular is a powerful front-end framework that can build scalable and maintainable banking applications. This overview will cover best practices to develop banking apps with Angular, including code examples that showcase the main steps to take to kick-off a project like this.


Keep in mind that the structure of the project should be tailored to the organization and the outcomes desired, but I know somebody who can help create complex Angular structures. I’ll give you the details in the conclusion!


Table of Contents

1. Is Angular for banking apps?

2. How to set up an Angular project for banking

3. Secure authentication

4. Building robust transaction modules & some code examples

6. Conclusion

1. Is Angular for Banking Apps?

Angular can deliver a comprehensive solution for developing dynamic web applications. The main advantages for fintech and banking applications are the modular architecture, two-way data binding, and extensive documentation where reliability and security are paramount.

2. How to set up an Angular project for banking

Start by setting up a new Angular project. Ensure you have Node.js and Angular CLI installed.

1. Create a New Angular Project:

 1    ```sh
 2    ng new banking-app
 3    cd banking-app
 4    ```


2. Install Necessary Dependencies:

   Add dependencies for routing, forms, and HTTP client.

 1    ```sh
 2    ng add @angular/router
 3    ng add @angular/forms
 4    ng add @angular/common/http
 5    ```

3. Set Up Environment Configuration:

Configure environment files for different environments (development, staging, production) to manage API endpoints and security keys.

3. Secure authentication

Secure authentication is crucial for banking applications. Use Angular's HttpClient and reactive forms to implement login functionality.

1. Create Authentication Service:

 1    ```typescript
 2    // auth.service.ts
 3    import { Injectable } from '@angular/core';
 4    import { HttpClient } from '@angular/common/http';
 5    import { Observable } from 'rxjs';
 6 
 7    @Injectable({
 8      providedIn: 'root'
 9    })
10    export class AuthService {
11      private apiUrl = 'https://api.yourbank.com/auth';
12 
13      constructor(private http: HttpClient) {}
14 
15      login(username: string, password: string): Observable {
16        return this.http.post(`${this.apiUrl}/login`, { username, password });
17      }
18    }
19    ```

2. Create Login Component:

 1    ```typescript
 2    // login.component.ts
 3    import { Component } from '@angular/core';
 4    import { AuthService } from './auth.service';
 5    import { FormBuilder, FormGroup, Validators } from '@angular/forms';
 6 
 7    @Component({
 8      selector: 'app-login',
 9      templateUrl: './login.component.html'
10    })
11    export class LoginComponent {
12      loginForm: FormGroup;
13 
14      constructor(private authService: AuthService, private fb: FormBuilder) {
15        this.loginForm = this.fb.group({
16          username: ['', Validators.required],
17          password: ['', Validators.required]
18        });
19      }
20 
21      onSubmit() {
22        if (this.loginForm.valid) {
23          this.authService.login(this.loginForm.value.username, this.loginForm.value.password)
24            .subscribe(response => {
25              // Handle successful login
26            }, error => {
27              // Handle login error
28            });
29        }
30      }
31    }
32    ```

3. Create Login Template:

 1    ```html
 2    
 3    
4
5 6 7
8
9 10 11
12 13
14 ```

4. Building robust transaction modules

Implement a transaction module to handle banking operations like transfers and balance checks.

1. Create Transaction Service:

 1    ```typescript
 2    // transaction.service.ts
 3    import { Injectable } from '@angular/core';
 4    import { HttpClient } from '@angular/common/http';
 5    import { Observable } from 'rxjs';
 6 
 7    @Injectable({
 8      providedIn: 'root'
 9    })
10    export class TransactionService {
11      private apiUrl = 'https://api.yourbank.com/transactions';
12 
13      constructor(private http: HttpClient) {}
14 
15      getTransactions(accountId: string): Observable {
16        return this.http.get(`${this.apiUrl}/account/${accountId}`);
17      }
18 
19      createTransaction(accountId: string, amount: number): Observable {
20        return this.http.post(`${this.apiUrl}/account/${accountId}`, { amount });
21      }
22    }
23    ```

2. Create Transaction Component:

 1    ```typescript
 2    // transaction.component.ts
 3    import { Component, OnInit } from '@angular/core';
 4    import { TransactionService } from './transaction.service';
 5 
 6    @Component({
 7      selector: 'app-transaction',
 8      templateUrl: './transaction.component.html'
 9    })
10    export class TransactionComponent implements OnInit {
11      transactions: any[] = [];
12      accountId: string = '1234567890';
13 
14      constructor(private transactionService: TransactionService) {}
15 
16      ngOnInit() {
17        this.loadTransactions();
18      }
19 
20      loadTransactions() {
21        this.transactionService.getTransactions(this.accountId)
22          .subscribe(data => {
23            this.transactions = data;
24          });
25      }
26 
27      createTransaction(amount: number) {
28        this.transactionService.createTransaction(this.accountId, amount)
29          .subscribe(response => {
30            this.loadTransactions();
31          });
32      }
33    }
34    ```

3. Create Transaction Template:

   ```html

   <!-- transaction.component.html -->

   <div>

     <h2>Transactions</h2>

     <ul>

       <li *ngFor="let transaction of transactions">

         {{ transaction.date }} - {{ transaction.amount }} - {{ transaction.type }}

       </li>

     </ul>

     <button (click)="createTransaction(100)">Transfer $100</button>

   </div>

```


Conclusion

The robust codebase that Angular creates is useful in banking applications that need maintainable code. An expert can integrate best practices to leverage Angular's powerful features, for feasible and secure fintech solutions. 

You can start incorporating these techniques into your projects to deliver high-quality banking applications to your users. The model above is one of a basic app structure, but we can create a tailor-made application that fits your needs. 

About us

OceanoBe is a leading IT outsourcing company that delivers advanced technological solutions for the banking industry. Our expertise in real-time data processing, system integration, and secure application development ensures our clients stay ahead in the competitive financial landscape. 

Contact us today to learn how we can help transform your banking systems with Angular and other innovative technologies.