This is a very broad question. You need to get a consultant architect to understand your application in depth, because it is unlikely you will get meaningful in-depth answers here.
However as a rough guideline here are some brief answers:
- Which UI framework should we go for (Angular/React or a home grown one). Angular seems to be very slow and we need better performance as far as page loading is concerned.
That depends on what the application actually needs to do. Angular is one of the leading frameworks, and is usually not slow at all. You might be doing something wrong (are you doing too many granular calls? is your backend slow?). React is also a strong contender, but seems to be losing popularity, although that is just a subjective opinion and could be wrong. Angular is a more feature complete framework, while React is more of a combination of tools. You would be just crazy if you think you can do a home grown one and bring it to the same maturity of these ready made tools.
- Should UI/Javascript make call to backend web services directly or
should there be a spring controller proxy in deployed WAR which kind
of forwards UI calls to APIs. This will also help if a single UI calls
requires getting/updating data from different microservice.
A lot of larger microservice architectures often involve an API gateway. Then again it depends on your use case. You might also have an issue with CORS, so centralising calls through a proxy / API gateway, even if it is a simple reverse proxy (you don't need to develop it) might be a good idea.
- How should we cover microservice security aspect.
Again no idea what your setup looks like. JWT is a common approach. I presume the authentication process itself uses some centralised LDAP / Exchange or similar process. Once you authenticate you can sign a token which you give to the client, which is then passed to the respective micro services in the HTTP authorization headers.
- Which load balancer should we go for if we want to have multiple
instance of same microservice.
Depends on what you want. Are you deploying on a cloud based solution like AWS (in which case load balancing is provided by the infrastructure)? Are you going to deploy on a Kubernetes setup where load balancing and scaling is handled as part of its deployment fabric? Do you want client-side load balancing (comes part of Spring Cloud)?
- Since its a banking application, our organization does not allow using
Elastic Search/Lucene for searching. So need suggestion for reporting
using Oracle alone.
Without knowledge of how the data on Oracle looks like and what the reporting requirements are, all solutions are possible.
- How should we run backend jobs?
Depends on the infrastructure you choose. Everything is possible, from simple cron jobs, to cloud scheduling services, or integrated Java scheduling mechanisms like Quartz.
- There will also be a main payment microservice which will create
payments. Since payments volume is huge hence it will require
multiple instances. How will we manage user logged-in session. Should
we go for in-memory distributed session store (may be memcache)
Not really. It will defeat the whole purpose of microservices. JWT tokens will be managed by the client's browser and expire automatically. You don't need to manage user logged-in session in such architectures.
