Transformative,
scalable and resilient
solutions for the
FinTech and
Blockchain space

Erlang and Elixir in FinTech

Innovative FinTech partners

We focus on business outcomes using expert consultancy and software engineering designed to tackle the ever-changing challenges of today’s financial services industry. Our core BEAM based technologies are used in Fortune 500 financial firms and FinTech startups alike due to the baked-in high uptime and resilience they provide.

Our consultative approach delivers impactful outcomes and solves mission-critical problems for FinTech firms so they can focus resources on meeting their strategic goals and growth.

We prototype, build, monitor and maintain solutions used for payment systems, backend services, digital lending, clearing and settlement services, digital wallets, blockchain, digital custody and digital asset exchanges by companies including Klarna, Vocalink (Mastercard), Visa, Danske Bank and Safaricom.

If you want to talk about your fintech project or potential strategic partnerships and collaborations, you can reach out to Michael Jaiyeola (Fintech Marketing Lead) by email or on LinkedIn.

Trusted By

Proven, battle-tested
solutions for FinTech

What is the integration of value?

Blockchain innovators are turning to Erlang and Elixir due to their leading status among programming languages for distributed, high bandwidth, peer-to-peer systems. We work with innovators in the space from ideation and the development of a proof-of-concept to a full-production deployment for commercial application development running on a particular distributed ledger network, blockchain enabled payments and cryptocurrency solutions.

Transaction processing systems

Guarantee the reliability, performance, and consistency of your transaction process system (TPS) with Erlang and Elixir technology. We work with some of the world’s leading financial institutions on their TPS solutions, ensuring the collection, modification, and retrieval of all of their transaction data.

ATM Switching Solutions

Leading financial institutions look to Erlang Solutions to guarantee that their customers’ payments end up where they should and that transactions happen with the absolute minimum delay.

Switching solutions

Build a credible alternative to cash and card payments with real-time payments that run on technology that is proven, resilient and always available. With Erlang and Elixir, we have been able to offer 99.9% availability and our resilient deployment ensures that transactions are always safe. Today, IPS developed by Erlang Solutions for Vocalink and the innovative P27 Scandinavian cross/border payment initiative are recognised as global standard bearers for real-time payments.

Our FinTech
capabilities

    FinTech Consulting

    Our experts support you at every stage of the solutions and software development life-cycle. We strive to understand customer requirements and the system being reviewed. For FinTech startups we offer a better way to build for scalability from the start while avoiding the common tech decision pitfalls which so often lead to failure. Our professional knowledge transfer enables your in-house team’s capabilities.

    Learn More

    Erlang and Elixir rapid development

    Proven, battle-tested enterprise success in building backend systems with uptime up to 99.99% thanks to our tech’s concurrency model and error handling approach. The Erlang VM is used across the FinTech industry as well as traditional banking. Erlang soft-real time distributed systems can be updated faster, have significantly fewer vulnerabilities and reduce the cost of physical server infrastructure. Elixir is ideal for full-stack web development which combines with powerful web frameworks such as Phoenix LiveView for outstanding productivity and performance.

    Learn more

    Instant Messaging for FinTech

    From reliable delivery through to sensitive privacy concerns, Instant Messaging (IM) in financial services must have reliability and security baked in. MongooseIM is our customisable enterprise level IM solution, which can be tailored to fit any FinTech use case and meet the standards of operating in a highly regulated environment.

    Learn about MongooseIM

    Middleware Service Messaging

    As the most widely used open source message broker available, RabbitMQ is a popular choice in the tech stack of the largest financial services firms and FinTech startups alike. Our expert team is trusted by Pivotal, the creators of RabbitMQ. We provide support, feature development, health checks and more to help you get the most out of your RabbitMQ deployment.

    Learn about RabbitMQ

    Security and monitoring

    Humio is the only log management platform enabling complete observability from streaming logs in real time. Self-hosted or in the cloud it is used by a number of successful digital banks. Humio’s instant visibility gives security teams the continuous insights needed for immediate actions and data-driven responses to prevent infrastructure breakdowns, and protect against attacks. The platform provides cost reduction through reduced hardware costs, on-prem options for increased security and is readily auditable to meet financial regulators compliance requirements.

    Learn about Humio

    dApps, Smart Contracts and Distributed System innovations

    Our blockchain consultancy will help you gain maximum value in the areas of traceability of assets and transactions, accountability, provenance, p2p b2b and cross border traceable communication, performance throughput and latency, consensus models, choice of incentives and deterrents to prevent misuse of the solution, fine-tuning between centralised and decentralised flows of data, automation to design distributed apps, sustainability and resilience.

    Learn more

    Databases

    Riak is a distributed NoSQL database that offers high availability, fault tolerance, operational simplicity, scalability and is ideal for cloud computing. Talk to us about how we can use Erlang based technology to improve the resilience and performance of your database.

    Learn about Riak

    Our FinTech
    capabilities

    FinTech Consulting

    Our experts support you at every stage of the solutions and software development life-cycle. We strive to understand customer requirements and the system being reviewed. For FinTech startups we offer a better way to build for scalability from the start while avoiding the common tech decision pitfalls which so often lead to failure. Our professional knowledge transfer enables your in-house team’s capabilities.

    Learn More

    Erlang and Elixir rapid development

    Proven, battle-tested enterprise success in building backend systems with uptime up to 99.99% thanks to our tech’s concurrency model and error handling approach. The Erlang VM is used across the FinTech industry as well as traditional banking. Erlang soft-real time distributed systems can be updated faster, have significantly fewer vulnerabilities and reduce the cost of physical server infrastructure. Elixir is ideal for full-stack web development which combines with powerful web frameworks such as Phoenix LiveView for outstanding productivity and performance.

    Learn more

    Instant Messaging for FinTech

    From reliable delivery through to sensitive privacy concerns, Instant Messaging (IM) in financial services must have reliability and security baked in. MongooseIM is our customisable enterprise level IM solution, which can be tailored to fit any FinTech use case and meet the standards of operating in a highly regulated environment.

    Learn about MongooseIM

    Middleware Service Messaging

    As the most widely used open source message broker available, RabbitMQ is a popular choice in the tech stack of the largest financial services firms and FinTech startups alike. Our expert team is trusted by Pivotal, the creators of RabbitMQ. We provide support, feature development, health checks and more to help you get the most out of your RabbitMQ deployment.

    Learn about RabbitMQ

    Security and monitoring

    Humio is the only log management platform enabling complete observability from streaming logs in real time. Self-hosted or in the cloud it is used by a number of successful digital banks. Humio’s instant visibility gives security teams the continuous insights needed for immediate actions and data-driven responses to prevent infrastructure breakdowns, and protect against attacks. The platform provides cost reduction through reduced hardware costs, on-prem options for increased security and is readily auditable to meet financial regulators compliance requirements.

    Learn about Humio

    dApps, Smart Contracts and Distributed System innovations

    Our blockchain consultancy will help you gain maximum value in the areas of traceability of assets and transactions, accountability, provenance, p2p b2b and cross border traceable communication, performance throughput and latency, consensus models, choice of incentives and deterrents to prevent misuse of the solution, fine-tuning between centralised and decentralised flows of data, automation to design distributed apps, sustainability and resilience.

    Learn more

    Databases

    Riak is a distributed NoSQL database that offers high availability, fault tolerance, operational simplicity, scalability and is ideal for cloud computing. Talk to us about how we can use Erlang based technology to improve the resilience and performance of your database.

    Learn about Riak

    Co-creating a secure and cost-effective B2B sender platform for digital documents

    200 million digital documents for 37.000 companies annually! Kivra ensures secure and reliable delivery of digital financial and personal information. We worked together to improve the speed documents can be sent and received and to expand their product offerings faster than ever before.

    Read the case study
    system monitoring

    ESL x Trifork

    We are part of the Trifork group of tech companies who work closely together to deliver innovative software solutions for the financial services industry. Trifork has worked in the banking business for many years developing some of the very first mobile banking solutions, like MobilePay and WeShare. If you’re a FinTech scaleup looking to leverage external expertise and give yourself room to focus on the core of your business take a look at our blog post summarising some of our latest projects to discover more about what we do.

    The Payments Switch is highly fault tolerant yet offers massive concurrency. This is critical to payment transactions. At the same time the development project cooperation with Erlang Solutions was agile and responsive, giving us the opportunity to explore the possibilities to support our clients.

    Adam Kennedy Product Director at Vocalink

    Technology Trends in Fintech 2022 white paper

    Our Fintech Marketing Lead, Michael Jaiyeola, produces this paper in collaboration with our global fintech clients, internal engineering and project management teams and influential subject matter experts.

    If you want to talk about your fintech project or potential strategic partnerships and collaboration, you can reach out to Michael by email or on LinkedIn.

     

    Industry resources

    fintech and telco

    Lessons FinTech Can Learn From Telecom – Part 1/2

    Many lessons learnt from the telecoms industry can be applied to Fintech. And Erlang/Elixir/OTP technologies have a case as the right tool for the job.

    Many lessons learnt from the telecoms industry can be applied to Fintech. And Erlang/Elixir/OTP technologies have a case as the right tool for the job.

    erlang and elixir conference

    Building Decentralized Applications dApps using the BEAM

    Erlang is perfect for building blockchain and decentralised apps. In this episode the VP of Engineering at ArcBlock explains why and how they use Erlang.

    Erlang Solutions' blog

    Smart Contracts – How To Deliver Automated Interoperability

    This blog post outlines just how smart contracts came into existence and how they relate to contracts in the non-digital sense.

    Erlang Solutions' blog

    FinTech Client Case Studies – Erlang Solutions and Trifork

    Trifork with Erlang Solutions are developing world-leading FinTech solutions. Learn more about innovative open banking platforms, blockchain solutions combining machine learning and AI.

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    Erlang Solutions exists to build transformative solutions for the world’s most ambitious companies, by providing user-focused consultancy, high tech capabilities and diverse communities.