This paper is published in Volume-11, Issue-1, 2025
Area
Computer Security
Author
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah
Org/Univ
Baylor University, USA, USA
Keywords
Secure Software Development, Financial Transaction Security, Banking Sector, Random Forest, Secure Coding Standards, Threat Modeling, Machine Learning, Cybersecurity, Software Development Lifecycle.
Citations
IEEE
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah. Adopting Secure Software Development Practices to Improve Financial Transactions in the Banking Sector, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah (2025). Adopting Secure Software Development Practices to Improve Financial Transactions in the Banking Sector. International Journal of Advance Research, Ideas and Innovations in Technology, 11(1) www.IJARIIT.com.
MLA
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah. "Adopting Secure Software Development Practices to Improve Financial Transactions in the Banking Sector." International Journal of Advance Research, Ideas and Innovations in Technology 11.1 (2025). www.IJARIIT.com.
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah. Adopting Secure Software Development Practices to Improve Financial Transactions in the Banking Sector, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah (2025). Adopting Secure Software Development Practices to Improve Financial Transactions in the Banking Sector. International Journal of Advance Research, Ideas and Innovations in Technology, 11(1) www.IJARIIT.com.
MLA
Rianat Abbas, Rasheed Afolabi, Ifeoma Eleweke, Adetomiwa Adesokan, Ahmed Akinsola, Laticbe Elijah. "Adopting Secure Software Development Practices to Improve Financial Transactions in the Banking Sector." International Journal of Advance Research, Ideas and Innovations in Technology 11.1 (2025). www.IJARIIT.com.
Abstract
Secure software development practices are believed to be the banking sector's backbone of financial transaction security. This research examines the issues of adoption, effectiveness, and challenges of secure software practices, focusing on their implications for transaction security, customer trust, and regulatory compliance. The data from structured surveys and machine learning analysis using the Random Forest algorithm provided actionable insights. The results reflected that secure coding standards and threat modeling were at the top and had brought the vulnerabilities down a lot, raising the security of financial transactions a notch. Security testing and continuous integration had an important role but were less influential. Organizations adopting these practices extensively reported increased operational efficiency, reduced data breaches, and higher levels of customer trust. However, high costs of implementation, lack of skilled personnel, and integration complexities with legacy systems remain a challenge. Indeed, the performance of the machine learning model was very strong, with 90.7% accuracy, 91.6% precision, and 90.7% recall; thus affirming its strength in prediction. The importance of features further emphasized secure coding and threat modeling. This research has identified that strategic investments in employee training, modern security tools, and infrastructure upgrades are needed to address the implementation challenges. The agenda of future research integrates blockchain and AI with secure practices for enhanced security. The general contribution of the study is that secure software development practices have the potential to transform the security of financial transactions, build customer trust, and facilitate regulatory compliance in the banking industry.