Designing a Language for Banking Domain

Running head: DESIGNING A LANGUAGE FOR BANKING DOMAIN
Designing a language for banking domain
Name of the Student
Name of the University
Author Note

DESIGNING A LANGUAGE FOR BANKING DOMAIN
1
Introduction and explanation of language purpose
There are diverse categories of programming language which are deployed in diverse
categories of business domains like finance sector and banking sector. Each of these language
have diver specifications which are the main reasons behind the selection of these languages.
There are diverse categories of specifications like orientation of the codes, simplicity of the
codes, exception handling of the codes, expressed of the codes and support of abstraction are
the main features which are responsible for the selection of these programming language.
Detailed description of the new language will be discussed in this report from diverse
perspectives like compilation method and memory management (Tomyim & Pohthong 2016).
The other features of the new language which will be discussed in this report are readability,
writability and the reliability of the new language.
The problems of the banking domain can be solved purposefully using PINT which is
a type of object oriented language. This report will look forward to understand the
capabilities of this language which can be deployed to solve the complexities of the banking
domain. There are diverse categories of challenges associated with banking domain in terms
of the maintenance of the regulatory environment as there are diverse categories of norms
associated with banking sector. Detection of the security and fraud and there are diverse
categories of issues in banking domain in terms of the cross border transactions. The other
specifications of the banking domain are the stress testing analysis, in-consistent analysis and
global cash flow analysis (Tian et al., 2018). Each of these functions must be performed in
the banking domain and the programming language must be selected in such a way so that
each of these business procedures can be conducted all-together from diverse branches.

DESIGNING A LANGUAGE FOR BANKING DOMAIN
2

DESIGNING A LANGUAGE FOR BANKING DOMAIN
3
Figure 1: Concept of banking domain
(Source: Created by the author)
Choice and justification of compilation method to be used
There are diverse categories of compiler which are deployed to compile the
programming language which are used in the banking system software like native code
complier and cross compiler. Each of these diverse categories of compliers have different
functionalities and its deployment is mostly based on the nature of the business (Becker,
2018). There are diverse categories of stakeholders who are involved in banking sector like
the tax payers, regulators, investors, directors, politicians, depositors, consumers and the
internal staffs working in the same work environment. Each of these stakeholders must be