In website development practice, no framework is 100% fool proof, but Laravel has a popular online support community which often address your issues pretty quickly.

Also, the internet is going gaga because of cyber attacks and threats like XSS and SQL injection, ransomware attacks, malware attacks, etc.  Laravel can handl this efficiently via the framework’s authentication system, especially focussed on within the latest versions.

Therefore, for banking purposes, Laravel sounds like good enough a choice. Henceforth, you keeping the organisation updated with the framework’s latest version is important.

Hacking a banking website might look confusing to us, but it is not for the hackers and cyber attackers. For them, it is as simple as obtaining your credentials and money via phishing attacks, crypto jacking, mining, spamming, etc.

The Laravel framework is a modern framework with features which justify this new-tech worthy enough to make a banking website!

Here are some highlights:

• It provides in-built authentication.
• Provides API authentication.
• At user-level, Laravel provides authorization to any user trying to access data.
• Laravel framework makes it easy to protect your application from a Cross-site request forgery.
• Laravel uses data-encryption algorithms and hashing to save passwords.
• It uses email verification.
• These are some key features which Laravel as a secured framework, thus being a preferred framework for the development of banking applications.